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Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
21.8.2024
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted
Abu Dhabi proposes framework for fiat-referenced tokens
21.8.2024
FRTs are a type of stablecoin backed by liquid assets denominated in the same currency as the token and can be liquidated with minimum adverse price effect
McAfee introduces AI deepfake detection software for PCs
21.8.2024
McAfee releases the first AI-powered deepfake detection software, available for select Lenovo AI PCs, which aims to protect users from "digital deception" through AI-generated fake content
RBI Report Highlights India’s Central Bank Digital Currency Development
21.8.2024
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments...
Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days
21.8.2024
Around 80% of the past fortnight’s spot Bitcoin ETF trading days have had positive flows, despite Bitcoin seeing sideways price action
State Street Partners With Taurus to Boost Digital Asset Services
21.8.2024
Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding...
US Solana ETFs have ‘snowball’s chance in hell’ of approval, says analyst
21.8.2024
Solana ETF approvals are extremely unlikely this year, though VanEck’s head of digital assets, continues to believe in them
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
21.8.2024
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that...
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
21.8.2024
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which...
Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid
20.8.2024
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing...
Second Solana ETF Approved in Brazil
20.8.2024
Bitcoin short-term holders ‘over-reaction’ a factor in BTC’s drop below $50K — Glassnode
20.8.2024
Glassnode says short-term holders have “carried the brunt” of losses from Bitcoin’s recent drop below $50,000
New PS5 SSD Will Let You Store All Of The Games For Just $1,000
20.8.2024
Few PlayStation 5 owners dare to dream of a day when all of their games can be downloaded and installed on the console at the same time. But thanks to a new 8TB SSD, that dream is becoming a little more real, and very expensive. Read more
Nigerian SEC to issue crypto platform licenses as market size grows: Report
20.8.2024
In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading
Spot Bitcoin ETFs See $61.98M Inflows on Monday as Ether ETFs Struggle
20.8.2024
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale’s Mini Ethereum Trust led the gains in the ETH...
State Street reveals digital asset platform for institutional clients
20.8.2024
The firm revealed it has “$44.3 trillion in assets under custody and/or administration and $4.4 trillion in assets under management.”
Adobe rival Procreate bets against gen AI to support human creativity
20.8.2024
In stark contrast to mainstream competitors, Procreate has said it would not use Gen AI features in its products to protect artists
$24M CryptoPunk NFT sold quietly as market interest fades
20.8.2024
The actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss.
Bank of Ghana Unveils Proposed Virtual Asset Regulations
20.8.2024
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet...
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.