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Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
5.7.2024
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers...
Meta Launches Awards to Drive AI Innovation in Developing Regions
4.7.2024
Meta launched the Meta Llama Impact Innovation Awards to support organizations in developing regions that use Meta’s advanced AI models, Llama 2 and 3, to solve local problems in education, environment, and other areas. The AI models are recognized for their enhanced reasoning capabilities...
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...
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...
UAE’s Zand Bank to Offer Crypto Services
4.7.2024
Zand Bank, the UAE’s first digital bank, has entered into a strategic partnership with Taurus SA, a global leader in digital asset technology for banks. This partnership will cover all aspects of Zand’s digital asset infrastructure, including custody, tokenization, and blockchain...
Opera’s Minipay Expands Stablecoin Support: Adds USDC and USDT to Its Digital Wallet
4.7.2024
Minipay, an integral feature of the Opera Mini browser, has announced a significant upgrade with the introduction of ‘Pockets’. This new feature now supports USDC and USDT, two of the most widely used stablecoins, thereby enhancing its existing digital asset management capabilities....
CFTC Wins Case Against Crypto Fund Operators
4.7.2024
The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment...
EU–US Financial Forum Highlights Cooperation on Crypto Regulation
4.7.2024
The EU–U.S. Joint Financial Regulatory Forum took place last week, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was hosted by the European Commission and the U.S. Department of the Treasury. During the forum...
South African Regulator Investigates 30 Cases of Unlicensed Crypto Operations
3.7.2024
The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under scrutiny. The FSCA aims to protect the public...
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...
Orbital Analysis: Emerging Markets Overwhelmingly Embrace USDT Payments on TRON
3.7.2024
Orbital, a provider of blockchain-based payments, has published a blog post highlighting the importance of USDT payments on TRON in emerging markets. The company processes millions of on-chain transactions each year, valued in the billions of dollars. The post explains that while developed markets...
Ordinals Explorer Ord.io Introduces Rune-Gated Chats
3.7.2024
Ordinals explorer Ord.io has announced the launch of ‘Degen Chat’, a new feature that introduces Rune-gated live chats for every Rune. This platform allows users to connect their wallets and start chatting instantly. The Degen Chat also introduces unique features such as Holder rank...
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...
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...
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...
Russia’s Cryptocurrency Mining Bill Faces Delays
2.7.2024
The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently, cryptocurrency cannot be used for settlements...
Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation
2.7.2024
Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an entity combining its AI cloud computing and data...
BIS Report Warns of Rising Public Debt Risks to Global Economies
2.7.2024
The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without fiscal consolidation, debt trajectories will...
Crypto Exchange Bingx Now English Football Club Chelsea’s Training Wear Partner
2.7.2024
Chelsea Football Club and their principal partner, Bingx, say they have taken their partnership to the next level. Bingx, a leading cryptocurrency exchange, has transitioned from being a sleeve partner to becoming the official training wear partner for Chelsea’s men’s team. Fans worldwide will...
Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings
1.7.2024
Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with...