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Crypto Market Cap Drops 14.4% in Q2 2024, Report Shows
17.7.2024
The total crypto market cap decreased by 14.4% in the second quarter this year, ending at $2.43 trillion, while the S&P 500 increased by 3.9%, according to the 2024 Q2 Crypto Industry Report by Coingecko. Bitcoin’s price fell by 11.9%, ranging from $58,000 to $72,000, with its mining...
Ripple Donates $1 Million to New Super PAC Seeking to Unseat Senator Elizabeth Warren
17.7.2024
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed $50,000. Ripple also recently committed $25 million...
Erik Voorhees Warns of Financial Apocalypse — Advises Best Thing Trump Can Do
17.7.2024
Erik Voorhees, founder of Shapeshift, has warned about the U.S. national debt’s catastrophic trajectory. He foresees a bond market collapse and ruination, calling it the most catastrophic event of our lifetimes. Voorhees advocates for bitcoin as a safeguard against this financial apocalypse...
Argentina Defines Rules for Normalization of Previously Undeclared Assets, Including Cryptocurrency
16.7.2024
Argentina has recently released the rules that will govern the previously approved legislative package affecting the inclusion of cryptocurrency and other undeclared assets in the country’s tax system. The benefits will only be available to taxpayers who hold their assets in registered VASPs. These...
Google Trends Shows Ethereum Interest Rising Rapidly as ETF Launch Approaches
16.7.2024
According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving...
$301M Flows Into Bitcoin ETFs, Led by Blackrock and Ark Invest
16.7.2024
U.S. spot bitcoin exchange-traded funds (ETFs) saw their seventh consecutive day of inflows on Monday, attracting $301.04 million. Both IBIT and ARKB experienced nearly identical inflows, each drawing in $117 million. Bitcoin ETFs Attract Inflows as IBIT and ARKB Lead the Charge The week began with...
MoonPay and Christie’s dip into AI-generated art with new ‘Web3 Tools’
16.7.2024
More bridges between Web3 and generative AI are being built as the luxury art auctioneer Christie’s and MoonPay unveil a new art experience at the eighth Art + Tech Summit in a unique gamified event
Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon
16.7.2024
According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors’ accounts within 7 to 14 days. Kraken Confirms Receipt of Mt Gox Funds...
LiFi Protocol Confirms Hack; Over $10 million Drained
16.7.2024
LiFi Protocol is currently under attack, and over $10 million in crypto has already been drained. According to an X post from X LiFi, “strongly recommend to users to revoke their approvals for: 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae.” ????UPDATE????Our system has raised more suspicious...
Coinbase will not mention ‘crypto’ in five years: Avichal Garg, X Hall of Flame
16.7.2024
Electric Capital co-founder Avichal Garg believes that spot Bitcoin ETFs have helped ease the blow from the collapse of crypto exchange FTX
Pepe & WIF Make a Comeback: Meme Coins Double-Digit Gains
16.7.2024
The crypto market is showing signs of a renewed bullish outlook. Amidst the greenery, meme coins have posted impressive double-digit gains over the past 24 hours. From Cats to Dogs: A Closer Look at the Top Performers Leading the pack is Shark Cat (SC), ranked 618th, with a 54.76% increase. This...
LiFi Protocol is under attack, $8M drained so far
16.7.2024
LiFi Protocol faces a security breach as hackers exploit a specific contract address, leading to the loss of over $8 million in cryptocurrencies
Vitalik Buterin Warns Against Over-Investment in Instruments
16.7.2024
Vitalik Buterin, the co-founder of Ethereum, recently spoke out about the overinvestment in the crypto space. He noted that most investors attract high-risk investments in the hope of getting high returns. They justify their investments by funding infrastructure that might not call for such risks....
Kraken and Tottenham Hotspur score big in crypto partnership
16.7.2024
Kraken is now Tottenham Hotspur’s first official crypto and Web3 partner, with the goal of boosting fan engagement and increasing awareness about cryptocurrency
Are crypto cards still a thing in 2024? Industry weighs in
16.7.2024
Self-custody and Lightning Network integrations are anticipated to drive the next milestone in the development of crypto cards
Judge Refers Craig Wright for Criminal Prosecution in Bitcoin Case
16.7.2024
Craig Wright has been referred for criminal investigation in Britain for alleged perjury. Wright claimed to have authored the foundational 2008 Bitcoin white paper under the pseudonym “Satoshi Nakamoto.” He pursued litigation globally, including in the UK and the U.S., asserting...
Cambodian Firm Receives $150K in Crypto From North Korean Hackers
16.7.2024
A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked...
Mt Gox Estate Transfers $3B in Bitcoin, $53M in Bitcoin Cash Ahead of Distribution
16.7.2024
According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution. Mt Gox Estate Moves Large Holdings Before Distribution After the price of bitcoin (BTC) climbed above $65,000, Mt Gox sent...
Ether ETF opens the floodgates for Solana ETFs and crypto products: Analyst
16.7.2024
The market could even see the launch of new crypto ETFs with mixed exposure to Bitcoin and Ether, according to prominent ETF analyst Balchunas
EU Stripe clients now have crypto purchasing power: Report
16.7.2024
Stripe has expanded its cryptocurrency integration in the European market, allowing EU clients to purchase cryptocurrencies using their credit or debit cards