Search
Soccer Stars Lionel Messi and Ronaldinho Promote Water Meme Coin
10.7.2024
Lionel Messi, the Argentine soccer player who has won the Ballon d’Or eight times, and Ronaldinho, the former Brazilian soccer star, have promoted WATER, a Solana-based meme coin, to their almost 600 million followers on Instagram. The project, advertised as a “charity token,”...
Judge Denies Bail for Bitcoin Rodney, Citing Flight Risk and Fraud Severity
10.7.2024
Rodney Burton, known as “Bitcoin Rodney,” will remain in detention awaiting trial on charges of masterminding a multi-billion-dollar cryptocurrency fraud. Arrested in January at Miami International Airport, Burton faces accusations of conspiracy to operate an unlicensed...
Italy Prepares to Issue Guidelines on Implementing EU Crypto Regulation
10.7.2024
Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday. In his speech to the Italian...
Dormant 2013 Bitcoin Wallet Springs to Life, Moving Millions Amid Bearish Market
10.7.2024
On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013, had remained inactive for over ten years and seven months. At that time, bitcoin was valued at $644 per coin, making...
Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency
9.7.2024
The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital...
Javascript Is Coming to Tezos X Blockchain
9.7.2024
Tezos X announced the development of Jstz (pronounced “justice”), a Layer 2 rollup that will allow developers to use Javascript, a programming language used by nearly 23 million developers worldwide, on the blockchain. This move is aimed at scaling the utility of blockchain...
Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms
9.7.2024
Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special shareholders’ meeting to nominate three new directors:...
Bitfarms Leadership Change: Ben Gagnon Named CEO
9.7.2024
Bitfarms Ltd. (Nasdaq: BITF), a global bitcoin mining company, has appointed Ben Gagnon as chief executive officer, effective immediately. Gagnon, previously chief mining officer, has significantly contributed to Bitfarms’ growth over the past five years, the company said. Chairman Nicolas...
France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives
9.7.2024
The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed...
German Government Liquidates $741M in Bitcoin Holdings
8.7.2024
Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC....
Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million
8.7.2024
Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the...
Longest Yield Curve Inversion in US History Continues Past 2-Year Mark
8.7.2024
The 10-2 Year Treasury Yield Spread (I:102YTYS) has been inverted since July 7, 2022, marking the longest period of inversion in U.S. history at over two years, surpassing the previous record of 624 days set in 1978. An inverted yield curve occurs when short-term bonds yield more than their...
Federal Reserve’s Operating Losses Hit $176 Billion, Analysis Reveals
8.7.2024
According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 billion by June 19, 2024. These losses stem from the Fed paying...
Bukele Calls for Speculators to Stop Gouging Prices in El Salvador, Issues Ultimatum
8.7.2024
Nayib Bukele, president of El Salvador, has issued an ultimatum for importers and food wholesalers to lower the prices of groceries and other articles, threatening to apply the same tactics he used against gangs with them. Bukele, who pushed the law that made bitcoin legal tender in the country...
Taiwanese Central Bank to Test CBDC, Not Race to It
8.7.2024
Taiwanese Central Bank Governor Yang Chin-long stated that the development of digital currency (CBDC) is not an international competition, and being the first to launch does not guarantee success. He disclosed that the Central Bank of the Republic of China (Taiwan) will conduct three scenario tests...
Iran and Russia Sign Academic Cooperation Agreement to Dedollarize Economies
8.7.2024
Iran and Russia have taken a significant step towards economic cooperation by involving their academic institutions in efforts to dedollarize their economies. The presidents of Iran’s Imam Hossein University and Russia’s Plekhanov University of Economics signed a memorandum...
South Korea Launches Continuous Monitoring for Crypto Transactions
8.7.2024
South Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency transactions. Developed with local digital asset exchanges, this system aligns with the country’s Virtual Asset User Protection Act, which aims...
Justin Sun Developing Gasless Transaction Stablecoin Solution for Tron and EVM Chains
7.7.2024
Justin Sun, founder of Tron, a smart contracts-enabled blockchain, has announced that his team is developing a gas-free transaction solution for stablecoins. This means that stablecoin movement fees will be free for the users, with issuers having the opportunity to pay for these. The service...
Nigerian Prison Officials Deny Binance Employee Tigran Gambaryan is Seriously Ill
7.7.2024
According to the prison authorities, Binance employee Tigran Gambaryan is in good health and not sick as claimed by his family. The family had raised concerns about his well-being and alleged that he was not receiving proper medical attention. However, the prison authorities have denied these...
Robinhood Moves Forward With Acquisition of Bitstamp
7.7.2024
Robinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received...