The Bitcoin bulls are back! The BTC price clears a major hurdle and is ready to trigger a massive run, forming a new ATH. Besides, it was a huge day for the spot BTC ETF as the inflows recorded exceeded $400 million. Blackrock’s iShares Trust drawing nearly $260 alone. This is the eighth consecutive day...Read More
Australian computer scientist Craig Wright’s claims to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto, could lead British prosecutors to charge him with perjury and forgery of documents. A new ruling in the Crypto Open Patent Alliance (COPA) vs. Wright case revealed that High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service...Read More
Ripple has contributed $1 million to back XRP advocate John Deaton in his campaign against Senator Elizabeth Warren in the Massachusetts Senate race. The funds are being channeled to the Commonwealth Unity Fund, a new super PAC created by attorney James Murphy, who contributed $50,000 on April 15 to the cause. Ripple’s Support For XRP...Read More
Former President Donald Trump has announced that he has chosen crypto-friendly Sen. J.D. Vance (R-Ohio) as his vice presidential candidate. According to his latest federal financial disclosure, Vance, a venture capitalist turned politician, owns between $100,001 and $250,000 in Bitcoin. Trump and Vance’s United Front on Crypto Earlier this year, former President Trump’s stance on...Read More
According to a Reuters report, three industry sources indicate that spot Ether exchange-traded funds (ETFs) are expected to begin trading on July 23. The sources also mention that the U.S. Securities and Exchange Commission (SEC) has granted preliminary approval for at least three of eight asset managers to release the spot Ether ETFs. Will Spot...Read More
[PRESS RELEASE – New York City, New York, July 16th, 2024] PlayFi, an AI-powered data network and blockchain tailored for the live streaming industry, is excited to announce its groundbreaking first live content predictive market competition for the Esports World Cup in Saudi Arabia. The competition is completely powered by PlayFI AI processors and backed...Read More
[PRESS RELEASE – Majuro, Marshall Islands, July 16th, 2024] Multipool, a leading innovator in the blockchain and cryptocurrency industry announces strategic partnership with Tokinvest with the goal of transforming tokenized real-world asset trading. This partnership aims to take real-world asset (RWA) trading to the next level with an end-to-end dual market solution for RWA token...Read More
The court has postponed the case of money laundering against Binance in Nigeria until October 11. Binance faces four allegations of tax evasion in Nigeria. These include allegations of not registering for tax with Nigeria’s Federal Inland Revenue Service. In addition to tax evasion, Nigerian authorities have accused Binance and its two executives, Tigran Gambaryan...Read More
[PRESS RELEASE – Newport Beach, California, USA, July 16th, 2024] BioMatrix is excited to announce a groundbreaking partnership with TapCoins, the first Web3 gamified social learning platform designed to enhance knowledge through digital play. This collaboration marks a significant milestone BioMatrix’s mission to provide innovative solutions and expand the utility of PoY AI Tokens within...Read More
Kraken has announced the receipt of funds from the Mt. Gox Rehabilitation Trustees on July 16th. This marks a significant step towards compensating those impacted by the historic collapse of the Mt. Gox exchange a decade ago. In an email to the affected parties, the exchange said it plans to begin distributing Bitcoin (BTC) and Bitcoin...Read More
The decentralized finance (DeFi) platform LI.FI protocol has suffered an exploit amounting to over $8 million. Cyvers Alerts reported detecting suspicious transactions within the LI.FI cross-chain transaction aggregator. LI.FI Issues Warning After $8 Million Exploit LI.FI confirmed the breach in a statement on July 16 via X: “Please do not interact with any http://LI.FI powered...Read More
[PRESS RELEASE – Singapore, Singapore, July 16th, 2024] PEXX, a pioneering fintech startup specialising in cryptocurrency and blockchain technology, today announced the successful closure of a $4.5 million seed funding. This significant investment will propel the development of the company’s innovative stablecoin-to-fiat payment platform, set to revolutionise the way people transfer currencies across borders. The...Read More
The US spot Bitcoin ETFs recorded a daily net inflow of $301 million on July 15th. This extended their winning streak to seven consecutive days amidst a broader market recovery. None of the ETFs recorded outflows for the day. Bitcoin ETFs Rake in $16.11B in Net Inflows Since Jan According to the data compiled by...Read More
Tesla CEO Elon Musk has declared plans to support the America PAC, a political action committee supporting Donald Trump, the Republican presidential candidate for the upcoming United States election. According to a WSJ report, citing individuals familiar with the matter, Musk intends to devote $45 million monthly to this committee starting in July. Musk to...Read More
On July 16, Mt. Gox began transferring BTC as it prepares to pay back customers who lost assets in the devastating exchange hack a decade ago. According to Arkham Intelligence, a Mt. Gox-linked wallet moved 0.021 BTC to another address. Industry observer Colin Wu suggested that this could be a transfer test. Mt. Gox Moves Bitcoin...Read More
Bitfinex analysts have warned crypto investors to be cautious as bitcoin’s (BTC) recovery over the weekend is not a sign that its correction is over; the asset could witness more bloodshed in the near term. In the latest Bitfinex Alpha report, experts deemed the market’s reaction this week critical, especially as supply alleviated over the...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, July 15th, 2024] Flare, the layer 1 blockchain for data, is delighted to announce that the SparkDEX team has chosen to deploy its advanced decentralized finance hub on the network, featuring an AMM and perps protocol. In doing so, SparkDEX will leverage Flare’s enshrined data protocols for decentralized...Read More
Just as Bitcoin reclaimed the $63,000 level at the start of this week, Whale Alert has identified the activation of a dormant address containing 1,000 BTC, worth approximately $60 million, on July 15th, after more than a decade of inactivity. This wallet initially received the stash around 11 years and 9 months ago, on September...Read More
Scroll, a ZK rollup Layer 2 network, is up 23% over the past seven days to reach a TVL of $1.03 billion, according to L2Beat data. Meanwhile, the total value locked for all Ethereum Layer 2s is up 12.04% over the last week to reach $42.04 billion. Scroll Hits $1 Billion TVL Scroll has become...Read More
Justin Sun, the well-known entrepreneur and founder of Tron, has made headlines again. This time, he’s made a significant move with Ethereum (ETH). Popular on-chain analytics provider Spot On Chain reports that Justin Sun has allegedly withdrawn 14,436 ETH from the well-known crypto exchange Binance. This move has sparked curiosity and speculation in the crypto...Read More
Over $35 million in stolen funds from the infamous $305 million DMM Bitcoin hack have been laundered via Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group. It is interesting to note that this platform is part of a company linked to the Cambodian ruling family and has emerged as a significant...Read More
The broader market exhibited signs of recovery following intense sell pressure fueled by the German government’s decision to dump its entire reserves, and prominent altcoins, including Chainlink (LINK), recorded notable surges. Further fueling this bullish narrative are several unknown entities, likely a whale or an institutional investor, who have continued to add LINK tokens to...Read More
BlackRock CEO Larry Fink spoke on Monday on why he was wrong to be a skeptic on Bitcoin and crypto before properly studying the asset class. His firm’s newly published Q2 earnings showcased a record $10.65 trillion AUM for the investment manager, in small part thanks to inflows to its Bitcoin ETF product launched in...Read More
BlackRock, the world’s largest asset manager, reported a milestone in its second-quarter financial results, as assets under management (AUM) soared past the $10 trillion mark. The company reported an AUM of $10.6 trillion, marking a 13% increase from the previous year’s $9.43 trillion. BlackRock’s Q2 Performance According to the report, BlackRock’s earnings per share (EPS)...Read More
Amidst continued price weakness throughout last week, digital asset investment products saw significant buying activity, with inflows reaching $1.44 billion during that period. This brought the year-to-date (YTD) inflows to a whopping $17.8 billion, which shattered the previous record set three years ago. However, despite this strong inflow, CoinShares reported that trading volumes remained relatively...Read More
[PRESS RELEASE – San Francisco, USA/California, July 15th, 2024] The doors are now open for Web3 and Web2 developers to build on Constellation Network’s long-awaited Hypergraph distributed ledger technology – in development for the past several years under various contracts with the US Department of Defense. Constellation’s Global Metagraph Hackathon is a fully virtual event,...Read More
[PRESS RELEASE – Victoria, Seychelles, July 15th, 2024] Bitget, the leading cryptocurrency exchange and Web3 company, is excited to share Bitget Token (BGB) was ranked as one of the top 10 best-performing cryptocurrencies by Forbes. In 2024, BGB recorded tremendous growth as a CEX token ranking high in returns along with popular tokens such as...Read More
Bitcoin has returned to the $63,000 level during early trading on Monday, July 15. This marks a two-week high, prompting some analysts to suggest that the downtrend has broken. : $63,000 #Bitcoin We’re so back! pic.twitter.com/lwusaVmKwL — Lark Davis (@TheCryptoLark) July 15, 2024 On July 15, on-chain analytics platform CryptoQuant suggested that the move has...Read More
[PRESS RELEASE – Dubai, UAE, July 15th, 2024] BNB Chain experienced a decrease of ~83.3% in total amount loss in Q2 2024 in comparison to Q2 2023 Moreover, in Q2, 2024 BNB Chain experienced a ~19% decrease in total losses and a ~18.6% decrease in the number of security incidents compared to Q1, 2024 Salus,...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, July 15th, 2024] Blockchain Life 2024, one of the world’s leading events in web3, cryptocurrencies and mining sphere, today announced the first wave of its esteemed speaker lineup for the 13th edition of the event. Bringing together over the 10,000 most influential figures from all over the world...Read More
