Search
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
31.7.2024
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle...
Russian Diplomat: El Salvador Proposes Settling Trade With Crypto
31.7.2024
El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed interest in joining the BRICS bloc and may formally apply for membership within one or two years. Ukraine-Russia Conflict Echoes in Central...
Daily Crypto Update: Bitcoin and Ethereum stabilize while XRP rejoices
31.7.2024
After a whirlpool of fluctuations, it appears that the crypto market has found some stability. The top 10 cryptocurrencies have demonstrated that the industry has been relatively stable over the last 24 hours. The majority of the top cryptos ended the day in the same window as they started....
Wisconsin unveils tracker to fight crypto fraud and investment scams
31.7.2024
The Wisconsin Department of Financial Institutions aims to protect investors from crypto and investment fraud with a new scam tracker based on consumer complaints
BlackRock’s Ethereum ETF, ETHA, enters the top 15 ETFs
31.7.2024
BlakcRock’s Ethereum ETF, ETHA, now features in the list of top 15 ETFs among more than 330 ETFs launched. Interestingly, it took ETHA only one week to achieve this feat, which stems from inflows that BlackRock has banked within 7 days. Nate Gaerci, the President of The ETF Store, first reported...
Over 70% of hacked funds are lost to CeFi entities: Cyvers
31.7.2024
Real-time threat detection and AI integrations could further bolster Web3 security, according to the CEO of Cyvers
CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times
31.7.2024
The Commodity Futures Trading Commission (CFTC) warns about repeated fraud targeting victims multiple times, often by the same criminals. Common fraud types include relationship crypto frauds, also known as “pig butchering,” where scammers form online relationships, encourage...
Tron Founder Justin Sun Calls on China to Warm up to Bitcoin
31.7.2024
Justin Sun, the founder of Tron, has called for China to open up to Bitcoin. According to Sun, China’s embrace of crypto would benefit the entire cryptocurrency space, providing a counterpart to the U.S. China’s ban on bitcoin and cryptocurrency mining altered the industry landscape...
UAE residents can now trade crypto directly with their bank accounts
31.7.2024
The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market
University of Wyoming Launches Bitcoin Research Institute to Produce High-Quality Publications
31.7.2024
The University of Wyoming has launched a Bitcoin research institute to produce high-quality peer-reviewed publications about bitcoin from all academic disciplines. The institute’s director highlighted the need for informed research, criticizing previous work for its lack of fundamental...
Russia to Initiate Crypto Payments Internationally by Year-End, Central Bank Governor Says
31.7.2024
Russia plans to launch international cryptocurrency payments by the end of the year to counter Western sanctions, according to the governor of the Bank of Russia. The central bank is prepared to be flexible and is already discussing the conditions of this initiative with various ministries...
Ripple CEO Slams SEC Hypocrisy and Haphazard Crypto Regulation
31.7.2024
Brad Garlinghouse, CEO of Ripple, criticized the U.S. Securities and Exchange Commission’s inconsistent regulatory practices after the regulator revealed its intention to amend its complaint against Binance concerning the security status of certain crypto tokens. He highlighted...
Michael Saylor Projects Bitcoin Price at $49 Million in 2045 Bull Scenario
31.7.2024
Microstrategy’s executive chairman, Michael Saylor, predicts that by 2045, bitcoin’s price could range from a bear case of $3 million to a bull case of $49 million, with a base case of $13 million. He highlighted bitcoin’s role in revolutionizing the global economy, advocating...
Goldman Sachs CEO Clarifies His Stance on Bitcoin
31.7.2024
Goldman Sachs CEO David Solomon clarified his stance on bitcoin during a CNBC interview, where his prior skepticism and the recent political focus on bitcoin were discussed. Although he acknowledged bitcoin’s volatility and speculative nature, Solomon stated he had “never been on...
Wemix.fi suspends lending amid stablecoin liquidation issues
30.7.2024
The issues with liquidating the WEMIX stablecoin were not detailed, but the blockchain game producer has problems enough to choose from
Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic Reserve
30.7.2024
Binance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed...
SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud
30.7.2024
The U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with running a multi-million-dollar fraudulent crypto scheme. Al-Naji allegedly raised over $257 million through unregistered sales of Bitclout tokens (BTCLT) and used...
Cameron Winklevoss on Kamala Harris Crypto ‘Reset’ Intentions: Beware of the Big Bluff
30.7.2024
Cameron Winklevoss, co-founder of Gemini and Winklevoss Capital, has called out U.S. Vice President Kamala Harris for her alleged intentions to reset the relations of the current government with the crypto industry. Winklevoss stated that, as former President Trump had previously acknowledged,...
Central Bank of Brazil Aims to Finalize Crypto Exchange Regulation by Early 2025
30.7.2024
According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025. The institution will conduct a second public consultation to finalize the drafts, hearing the opinions of market participants...
Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity
30.7.2024
The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp,...