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$8M theft forces Bittensor network shutdown
3.7.2024
All user funds are safe following the network halt, according to Bittensor’s team
Tether to Drive Digital Asset Education in Turkey
3.7.2024
Crypto industry leader, Tether Operations Limited, and technology and strategy company, BTguru, have entered into a Memorandum of Understanding (MoU) to assess digital assets educational initiatives in Turkey (Türkiye). The MoU aims to develop comprehensive programs introducing stakeholders...
Bitget in ‘active discussions’ to receive licensing in India
3.7.2024
Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations
Crypto Industry Is About to Boom, Is Outperforming the Internet: Architect Partners
3.7.2024
The digital asset industry added more than $750 billion in value in the first half of the year, the report said
Canadian crypto adoption struggles as cash remains king
3.7.2024
For two years in a row, Canadians have shown a strong preference for cash and card payments for day-to-day purchases
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
3.7.2024
Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision...
Why BlockDAG is the top crypto pick? Unpacking its $55.2M presale success, Brett’s decline, & Hedera’s ETP
3.7.2024
While Brett’s price sees a 12% drop to $0.1303, and Hedera introduces its ETP on Börse Frankfurt, BlockDAG asserts itself as the prime crypto investment for 2024. With dynamic innovations, strong community engagement, and a presale spike to $55.2M from 11.8 billion coins sold by Batch...
South Korea crypto body says mass token delistings ‘unlikely’ amid new laws
3.7.2024
South Korea’s incoming crypto investor protection laws will see local exchanges review over 1,300 listed tokens over the next six months
Bahamas to Mandate Banks to Distribute Central Bank Digital Currency
3.7.2024
The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented...
Sony Group to Enter the Cryptocurrency Trading Business Through S.BLOX’s Whalefin
3.7.2024
Sony Group, the Japanese multinational conglomerate, will enter the cryptocurrency trading services business through its newly revamped S.BLOX subsidiary. The company, previously known as Amber Group, operated a cryptocurrency exchange called “Whalefin,” which will be renewed with...
Sydney Sweeney’s X account hacked to promote crypto memecoin
3.7.2024
The self-proclaimed hacker behind Sydney Sweeney’s X account also claims they were behind similar recent hacks on 50 Cent and Hulk Hogan
Ethereum will outperform Bitcoin after ETF launch: K33 Research
3.7.2024
The price of Ethereum could be bolstered by inflows into upcoming U.S. spot ETFs, while Bitcoin faces headwinds from Mt. Gox creditor repayments
Paypal Ventures-Backed Mesh Partners With Conio to Launch Open Banking Solutions for Bitcoin in Europe
3.7.2024
Mesh, a U.S. fintech company backed by Paypal Ventures, has partnered with Italian digital asset wallet Conio to enhance cryptocurrency exchange access for Conio’s 430,000 customers. This collaboration allows users to access 10 leading crypto exchanges, including Binance and Coinbase, through...
SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions
3.7.2024
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading...
Standard Chartered Predicts Bitcoin Hitting Fresh All-Time High in August
3.7.2024
Standard Chartered has predicted that bitcoin could hit a fresh all-time high in August and reach $100,000 by the November U.S. presidential election. The bank’s analyst expects a Trump victory to boost the price of bitcoin, while maintaining year-end and 2025 targets of $150,000...
DOJ Selects Coinbase to Provide Crypto Services to US Marshals Service
2.7.2024
The Department of Justice (DOJ)’s U.S. Marshals Service has selected crypto exchange Coinbase to provide crypto custody and trading services. The U.S. government’s contract, valued at over $32 million, aims to streamline the management and disposal of seized cryptocurrencies, ensuring...
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
2.7.2024
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to...
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
2.7.2024
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures...
Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning
2.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might...
Crypto Whales & Institutions Shift Focus on Chainlink’s LINK
2.7.2024
Crypto whales are known to hold markets in bear seasons and propel them in bull seasons. Heavyweight investors have shifted their focus to Chainlink. According to a market analysis by Lookonchain, whales are buying a lot of $LINK. LINK gets whales and institutional attention According to...