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Bitcoin falls to $55K as crypto liquidations breach $580M
5.7.2024
Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February
Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy
5.7.2024
Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative...
Coinbase continues to fight for access to Gensler’s private emails
5.7.2024
In a recent letter to a district court judge, Coinbase argued that the SEC Chair’s private communications are an “appropriate source of discovery” crucial to mounting a reasonable defense
Crypto Owners More Likely to Have ‘Dark’ Traits, Study Shows
5.7.2024
A recent study has found that cryptocurrency ownership is associated with belief in conspiracy theories and “dark” personality traits such as narcissism, Machiavellianism, psychopathy, and sadism (collectively known as the “Dark Tetrad”). The research highlights the diverse...
Phoenix BCH Miner Elevates Hashrate to New Highs, Raising Concerns Within the Community
5.7.2024
The rise in hashrate allocated by unknown miner Phoenix to the BCH network has raised questions about the true motives of this action. Phoenix took BCH’s hashrate to over 10 EH/s, processing a relevant part of all the blocks and receiving the correspondent subsidy during the last days,...
Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s
4.7.2024
The new tokenized assets offer the stability of the Bitcoin network with admirable yield
Taurus enhances Zand Bank’s crypto, tokenization services in UAE
4.7.2024
The Swiss crypto platform is expanding its stable of large financial institutions
Helius Labs CEO Slams Zk Compression For Crypto Slump
4.7.2024
Helius Labs CEO Mert Mumtaz recently set crypto Twitter ablaze with a series of tweets about Solana’s new ZK compression technology. His take on this tech advancement has got the crypto community talking. Unpacking Mumtaz’s Crypto Tweets thanks a lot for nuking my entire net-worth,...
South Korean government to launch crypto transaction monitoring system
4.7.2024
Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions
Crypto Turbulence: Can Ethereum ETF Approval Save the Market?
4.7.2024
The crypto market has been bleeding for the better part of the last 48 hours. According to CoinGecko, the total global crypto market cap stands at $2.21 trillion. The market has lost a 5.29% market share in 24 hours alone. Crypto market prices are in the danger zone, with some losing their worth...
Are politicians using crypto to influence the US elections?
4.7.2024
In a fraught election year, crypto-user demographics are aligning with those of highly sought “swing voters,” says a TCU researcher
Crypto for Advisors: Is Crypto Too Volatile?
4.7.2024
Bitcoin’s volatility is expected to continue declining with every halving. The next one, scheduled for 2028, will render bitcoin four times as scarce as gold. Increasing retail and institutional adoption of this technology is also bound to decrease volatility structurally over time
Bitcoin Hits New Low Since February, Options Market Stays Optimistic
4.7.2024
According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that...
$207 Million Invested in AI, Crypto and Blockchain Startups in 96 Hours
4.7.2024
Based on data from the past four days, 14 distinct artificial intelligence (AI), cryptocurrency and blockchain startups and projects secured approximately $207.28 million in investor funding. The leading entity for July is Sentient, an open-source AI platform, which garnered $85 million from...
Tangem introduces Visa-integrated crypto wallet for secure payments
4.7.2024
Self-custodial crypto wallet provider Tangem has developed a new wallet integrating direct payments through Visa
Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop
4.7.2024
Amid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to negotiate with the German government to purchase...
Insider trading allegations hit Khamzat Chimaev’s Smash token
4.7.2024
The distribution of Smash tokens raises insider trading concerns, adding another red flag to celebrity memecoins
Nigerian SEC mandates local offices for crypto firms
4.7.2024
The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits, and monitoring
South Africa Approves 63 Crypto Asset Service Provider License Applications
4.7.2024
South Africa’s financial services industry regulator announced on July 2 that it had approved an additional 63 crypto asset service provider license applications. The Financial Sector Conduct Authority (FSCA) has received a total of 383 applications, with only five being declined. Notably,...
$100M Bitcoin liquidated as BTC drops: Will ETF investors panic sell?
4.7.2024
Despite BTC falling below the realized price of ETF buyers, ETF holders did not panic sell, but a deeper correction remains on the horizon