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Wintermute in $300M funding talks, Tencent interested: Report
23.7.2024
The crypto market maker could have a valuation of $2 billion if the talks come to fruition
dYdX explores sale of derivatives trading arm
23.7.2024
Selini Capital and Wintermute Trading are reportedly bidding on dYdX’s v3. The protocol’s v3 was compromised on July 23
India Maintains Crypto Tax Regulations in 2024/25 Budget
23.7.2024
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India....
Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure
23.7.2024
Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading. He assured users that Indian...
US Spot Bitcoin ETFs See Record $533.57M Inflows Ahead of Ether ETF Launch
23.7.2024
Ahead of the spot ether exchange-traded funds (ETFs) launch, U.S. spot bitcoin ETFs experienced their 12th consecutive day of inflows, accumulating $533.57 million on Monday. This influx marked the highest gains for the 11 funds since June 4. Blackrock’s IBIT Dominates Bitcoin ETF Inflows...
Kamala Harris Urged to Embrace Digital Assets
23.7.2024
The Digital Chamber, a crypto advocacy group, has called on U.S. Vice President Kamala Harris to support the digital asset industry with three requests. The group urged her to promote pro-digital asset language in the Democratic Party’s platform, choose a vice-presidential candidate with...
Daily Crypto Update: Bearish day puts top tokens in a minor slump
23.7.2024
After a quick bullish session, the crypto market is showing signs of correction. The majority of the top cryptocurrencies have been unable to establish a consistent rhythm over the past 24 hours. From Bitcoin and Ethereum to Cardano, the top 10 cryptocurrencies (barring USDC and USDT stablecoins)...
Indian finance minister ignores crypto industry’s budget tax plea
23.7.2024
Local crypto businesses pushed for a reduction in the 1% TDS to 0.01% to revive its customer base
Telegram Reaches 950 Million Monthly Active Users
23.7.2024
Telegram, the popular messaging app, has reached 950 million monthly active users worldwide, according to its founder Pavel Durov. The app has served as a platform for the popularization and growth of several cryptocurrency projects featuring tap-to-earn mechanics, such as Notcoin and the recently...
Europol anticipates rise in AI-driven cybercrime: IOCTA 2024
23.7.2024
Europol’s 2024 report highlights AI tools enabling non-technical individuals to conduct sophisticated cybercrimes
South Korea’s FSC Nominee Says Past Crypto Chaos Calls for Strong Investor Protection
23.7.2024
Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance...
Mt. Gox sees $3.2B BTC in outflows in just two hours
23.7.2024
In a significant development, Mt. Gox has transferred over 47,500 BTC to unknown addresses, significantly reducing its Bitcoin reserves
Leader of Russian State Duma’s Financial Market Committee Labels ‘Hamster Kombat’ a ‘Scam’ and Calls for Its Termination
23.7.2024
Anatoly Aksakov, the Chairman of the Russian State Duma Committee on the Financial Market, has stated that ‘Hamster Kombat’, a popular tap-to-earn game, should be stopped in Russia. Aksakov emphasized that ‘Hamster Kombat’ manipulates the psyche of citizens, leading them to believe that they...
Spot Ethereum ETFs Set to Launch: Blackrock Highlights Rising Demand for Digital Asset ETFs
23.7.2024
Spot ethereum exchange-traded funds (ETFs) are set to debut on Tuesday, July 23, 2024, following approval from the U.S. Securities and Exchange Commission (SEC). Blackrock, the world’s largest asset manager, announced that its Ishares Ethereum Trust ETF (ETHA) will commence trading on Nasdaq...
Cross-Border Digital Ruble Payments May Become a Reality in 2026
22.7.2024
Generalized international settlements using the Russian digital ruble will not be available until 2026, according to statements from Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. Aksakov stated that in 2025, authorities plan to expand the current pilot stage...
Ethereum ETFs Approved by SEC, Bringing Popular Funds to Second-Largest Cryptocurrency
22.7.2024
SEC Extends Review Period for Bitcoin Trust Options Trading Proposals
22.7.2024
The U.S. Securities and Exchange Commission (SEC) has announced an extension for its decision on proposed rule changes from various self-regulatory organizations regarding the listing and trading of options on trusts holding bitcoin. The organizations involved include Box Exchange LLC, Cboe...
Ripple backs Deaton with $1M donation in senate race against Warren: Law Decoded
22.7.2024
Ripple’s significant donation to Deaton highlights the growing influence of blockchain in politics amid SEC scrutiny
Weekly Crypto Market Roundup: Top Gainers and Losers Revealed
22.7.2024
On Monday, the price of bitcoin (BTC) increased by 6.8% over the past week, while ethereum (ETH) saw a 3.3% rise against the U.S. dollar during the same period. The top performers this week were the two meme coins MEW and WIF, which gained 129.3% and 56.7%, respectively. MEW and WIF Lead Gains This...
Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 Hours
22.7.2024
Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover...