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BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring
31.7.2024
The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers
Market Volatility Surges Amid Global Uncertainty, Says QCP Capital
31.7.2024
Recent analysis from QCP Capital highlights the intensifying macroeconomic volatility, driven by various factors including equity market sell-offs, unwinding currency trades, and fluctuating commodity prices. QCP Capital’s researchers foresee further turbulence ahead, particularly in light...
Bybit introduces Indian digital rupee CBDC payment option
31.7.2024
The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants
Tether Posts $5.2 Billion Profit in First Half of 2024
31.7.2024
Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise...
El Salvador Proposes Settling Trade With Russia in Crypto
31.7.2024
According to local media, El Salvador has proposed using crypto to settle trade with Russia. Alexander Ilyukhin, the first secretary of the Russian embassy in Nicaragua and head of the office in El Salvador, said the measure would simplify trade dealings, considering El Salvador recognizes Bitcoin...
US Bitcoin ETFs Record $18.3 Million in Net Outflows
31.7.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $18.3 million, contrasting with inflows observed in their ethereum counterparts. The most significant gain was recorded by Blackrock’s IBIT, while Grayscale’s GBTC suffered the largest...
Ethereum ETFs Snap Losing Streak, Grayscale’s Outflows Weigh In
31.7.2024
On Tuesday, U.S. spot ether exchange-traded funds (ETFs) experienced a day of inflows, ending four days of outflows. The nine ETFs collectively absorbed $33.67 million, though the figure could have been higher if not for Grayscale’s Ethereum Trust (ETHE), which offloaded $120.28 million....
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...