July 24, 2024

No Forks Required: BitcoinOS Verifies First ZK Proof In Bitcoin History

Developers at BitcoinOS (BOS) made blockchain history on Tuesday by successfully verifying the first-ever zero-knowledge proof (ZKP) on Bitcoin mainchain. This milestone opens the door to truly minimized Bitcoin layer 2 rollup systems, offering limitless scalability and functionality for Bitcoin without needing changes to its underlying consensus code. Bitcoin Now Has ZK Proofs According to...
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Bitcoin Banking App Fold Will Soon Trade On The NASDAQ

Fold, a popular Bitcoin financial services platform, has confirmed arrangements to become a publicly traded company on the NASDAQ stock exchange. The firm’s entry will add another tally to the growing list of public stocks that keep a large swath of Bitcoin directly on their balance sheet. Bitcoin Banking Gone Public Per a press release...
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Senator Cynthia Lummis Criticizes Biden Administration’s Proposed 30% Tax on Bitcoin Miners

On July 23, Cynthia Lummis released a report arguing against the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. Lummis argues that this tax could severely impact the growing Bitcoin mining industry in the U.S., based on what she describes as “unfounded concerns” about environmental pollution and risks to the...
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Biden’s Exit and Harris’s Rise Could Mean Short-Term Caution for Crypto Investors

President Joe Biden’s withdrawal from the 2024 election race caused a significant stir in the crypto market. Bitcoin initially fell by 3% in response to the news but later recovered and even tapped a multi-week peak. According to Bitfinex analysts, this was a knee-jerk reaction to temporary uncertainty in the market. By Monday morning, Bitcoin...
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Are Mt. Gox Creditors HODLing The Newly-Received BTC?

Beginning in early July, the defunct crypto exchange – Mt. Gox – initiated repayments to creditors affected by the 2014 hack. While Kraken has completed the distribution of all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the former’s price remained stable. This could be due to the fact that creditors on Kraken...
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Ethereum Holders Accumulate 113K ETH, Outpacing Spot ETF Inflows

Ether’s has failed to gain any upward traction despite the hype around it. Instead, the altcoin ended up shedding nearly 2% over the past 24 hours as it hovered near $3,460 despite a strong debut for spot Ethereum ETFs. This tepid price movement contrasts with the strong trading activity recorded by these new investment vehicles...
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Introducing Proptokenmarket: Pioneering the Future with the “First Real Estate Token Directory”

[PRESS RELEASE – Sheridan, United States, July 24th, 2024] Proptokenmarket, a dynamic newcomer to the real estate and blockchain landscape, proudly unveils its global Real Estate Token Directory. This groundbreaking platform is the first to provide a third-party directory for Real Estate Tokens, offering a fresh, user-friendly approach to discovering and engaging with tokenized real...
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Demand-Supply Power Tussle: Analyst Sees 3 Bullish and 2 Bearish Bitcoin Price Signals

Popular crypto analyst Willy Woo has identified an ongoing power tussle (or tug-o-war, in his words) between demand and supply in the Bitcoin ecosystem. In a tweet, Woo outlined three bullish and two bearish factors that could decide bitcoin’s (BTC) price trajectory in the near term. He opined that the bullish signals overpower the bearish...
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Franklin Templeton Endorses Solana, Sparks Solana ETF Speculations!

Franklin Templeton has recently endorsed Solana sparking speculations about a potential spot Solana ETF. Just yesterday, Franklin Templeton’s Ethereum ETF debuted, attracting $13.2 million in initial inflows. Moreover, its Bitcoin ETF holds assets exceeding $450 million.  Franklin Templeton Next To File Spot Solana ETF? “Besides Bitcoin and Ethereum, there are other exciting and major developments...
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Mt. Gox Bitcoin Movements Continue, Trustee Transfers $2.47B in BTC to Unknown Address

Bitcoin movements from the rehabilitation trustee of the defunct crypto exchange Mt. Gox are still ongoing. The wallet linked to the defunct entity just moved $2.47 billion worth of bitcoins (BTC) to an unknown address. According to data from the blockchain intelligence platform Arkham, the wallet transferred 32,371 BTC to the unlabelled address at around...
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LandX Finance and Dominion Revolutionize Grain Inventory Financing

[PRESS RELEASE – Dubai, UAE, July 24th, 2024] LandX Finance, through its blockchain based LandX Credit Gateway platform, and Dominion Blockchain Solutions Ltd. are thrilled to announce a strategic partnership designed to transform grain inventory financing. This alliance is set to advance the decentralized finance landscape significantly. LandX Credit Gateway: Pioneering Decentralized Lending LandX Credit Gateway...
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Spot Ethereum ETFs $100M Debut: BlackRock Leads, Grayscale Bleeds

Spot Ethereum ETFs began trading in the United States for the first time on July 23, and the initial picture isn’t pretty for the world’s largest crypto asset manager. As expected, Grayscale’s newly converted Ethereum Trust (ETHE) hemorrhaged $484 million on day one of trading. If the situation mirrors that when Grayscale converted its Bitcoin...
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FILLiquid Announces Mainnet Launch For Filecoin-Based Lending Platform

[PRESS RELEASE – Berlin, Germany, July 24th, 2024] FILLiquid, the open-sourced decentralized Filecoin-based lending platform, is thrilled to announce the official launch of its mainnet alongside the successful completion of its TGE (Token Generation Event). With this milestone, FILLiquid unveils its Filecoin liquidity pool, marking a significant advancement in Filecoin storage power growth by allowing...
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Magnify Cash Launches DeFi Protocol and Announces $MAG Token Fair Launch

[PRESS RELEASE – Singapore, Singapore, July 23rd, 2024] A groundbreaking moment in decentralized finance (DeFi) is here as Magnify Cash unveils its state-of-the-art DeFi protocol and announces the upcoming Fair Launch of its native token, $MAG. As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and...
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Base Layer 2 Activity Doubles Competitors with Over 1.2M Daily Active Addresses

Coinbase-incubated Layer 2 network – Base – is seeing a significant surge in daily activity thereby suggesting growing interest and adoption amidst an improved sentiment in the broader market. The Base mainnet also saw a recovery in its TVL after nearly two weeks of slump. Base Layer 2 Growth Over the past week, Base has...
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Bitcoin (BTC) $ 78,050.91 2.06%
Ethereum (ETH) $ 3,170.40 6.61%
Tether (USDT) $ 1.00 0.04%
Solana (SOL) $ 203.97 2.00%
BNB (BNB) $ 631.93 0.32%
USDC (USDC) $ 1.00 0.12%
Dogecoin (DOGE) $ 0.228788 14.28%
XRP (XRP) $ 0.573519 4.78%
Lido Staked Ether (STETH) $ 3,169.39 6.63%
Cardano (ADA) $ 0.566274 31.41%