Others News

Peter Schiff, an outspoken critic of Bitcoin, has warned that the United States is now in a recession and anticipates a significant increase in inflation.

Genesis has successfully concluded its restructuring and begun distributing about $4 billion in digital assets and cash to its creditors, according to a statement on August 2.

Researchers and policymakers in the U.S., UK, and EU are intensifying efforts to advance quantum computing following China’s recent breakthrough in room-temperature time crystals.

Since its launch in March 2024, BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL) has delivered $7 million in dividends.

The Directed Acyclic Graph (DAG) protocol Fantom has rebranded to Sonic Labs, marking a major shift in its strategy.

Coinbase reported total revenue of $1.4 billion for the second quarter of this year.

Russia is reportedly preparing a prisoner exchange involving two American detainees, a Wall Street Journal reporter and a former U.S. marine, for several Russians, including BTC-e crypto exchange operator Alexander Vinnik, currently held by the U.S. and its allies.

Business intelligence firm MicroStrategy has purchased 12,222 bitcoins for $805.2 million since the beginning of Q2 2024, increasing its total holdings to 226,500 BTC at an average cost of $36,821 per BTC.

Japanese cryptocurrency exchange Bitbank is exploring the possibility of listing on the Tokyo Stock Exchange as Japanese investors increasingly turn to crypto for portfolio diversification.

The Casper Network has resumed its operations following a temporary shutdown caused by a security breach.

Ark Invest sold 12,077 shares of Coinbase—valued at $2.7 million—from its Next Generation Internet ETF (ARKW) on Wednesday.

Google has rolled out three new AI models in its Gemma 2 series, designed to boost safety, efficiency, and transparency.

The Bank for International Settlements and the Bank of England have introduced a new system called Pyxtrial, designed to provide near real-time insights into the liabilities and assets backing stablecoins.

Mt. Gox, the bankrupt cryptocurrency exchange, has recently made progress in repaying its creditors, distributing digital assets to 17,000 claimants as of July 31.

Many people who invested in Do Kwon’s high-interest crypto scheme are now seeking compensation after suffering substantial losses.

Riot Platforms, a Bitcoin mining company, reported a significant loss in Q2, impacted heavily by the April halving event.

The XRP Ledger, in partnership with Ripple and OpenEden, is set to offer tokenized US Treasury bills (T-bills), marking a significant step in merging traditional finance with blockchain technology.

Manchester United unveiled a Web3 football game called “Fantasy United” in the Tezos blockchain for the 2024/2025 season.

Following a $230 million security breach at WazirX, the Bharat Web3 Association (BWA) is intensifying its efforts to improve cybersecurity and consumer protection in the cryptocurrency space.

Ripple’s CEO, Brad Garlinghouse, has sharply criticized the SEC’s latest legal maneuver against Binance, accusing the regulator of inconsistent and politically motivated actions.

In 2024, global cryptocurrency trading is set to reach over $108 trillion, a dramatic increase of nearly 90% from 2022, according to Coinwire.

New insights from crypto analytics firm Kaiko indicate a surge in bullish Bitcoin (BTC) bets ahead of the upcoming presidential election.

Bitwise’s chief investment officer, Matt Hougan, has highlighted a significant shift in the cryptocurrency landscape, increasing the chances for upward market movements.

Mike Novogratz, CEO of Galaxy Digital, has shared his outlook on the cryptocurrency industry following the upcoming US elections.

The Federal Open Market Committee (FOMC) justs concluded their two-day meeting. 

Delta Air Lines CEO Ed Bastian announced that the airline’s costs resulting from a recent IT outage linked to CrowdStrike’s software glitch are projected to reach around $500 million.

A recent inquiry on X (formerly Twitter) has sparked considerable interest among blockchain enthusiasts.

Tether Holdings Limited has achieved a historic financial milestone, reporting a record net operating profit of $1.3 billion for Q2 2024, contributing to a total net profit of $5.2 billion for the first half of the year.

Bybit, a major player in the crypto exchange market, has announced a new feature that enables users to make payments using the Digital Rupee (eRupee).

Another trading platform has announced that it is closing its operations, closing all open positions.

Crypto exchange M2 has introduced a new feature that enables residents of the United Arab Emirates to directly trade Bitcoin and Ethereum using their local bank accounts.

A recent report highlights an unusual trend in the cryptocurrency sector: women are earning higher median salaries than their male colleagues, defying the typical gender pay disparity.

Nvidia (NVDA) stock is anticipated to experience more dramatic price fluctuations than major cryptocurrencies like Bitcoin and Ethereum.

Ethena Labs is set to introduce USDe, a new type of collateral that not only serves as stable margin but also earns rewards, on the Bybit exchange starting August 2.

Binance Labs, the investment division of Binance, has recently included four up-and-coming altcoin projects in its Season 7 Incubation program.

The Bitcoin 2024 conference in Nashville was historical with all the big speakers that attended such as Michael Saylor and Donald Trump.

Economist Paul Krugman remains critical of Bitcoin, especially amid the recent surge in Republican support for the cryptocurrency.

In a recent development, Charles Hoskinson, the founder of Cardano, has made headlines by alleging that Ethereum has copied Cardano’s project roadmap.

Japanese investment firm Metaplanet has announced its participation in a new Bitcoin-focused initiative launched by MicroStrategy and Bitcoin Magazine.

Warren Buffett’s Berkshire Hathaway, Inc. is reducing its stake in Bank of America Corp., one of its key investments. On Monday, the firm announced its third sale of Bank of America shares this month.

The Bitcoin mining industry is projected to grow to $20 billion over the next five years, driven by advancements in technology and evolving market dynamics.

Decentralized exchanges (DEX) achieved a record market share of 14.22%, surpassing Centralized Exchanges (CEX) in monthly trading volume, thanks to Uniswap.

The U.S. SEC is amending its lawsuit against Binance, Binance.US, and co-founder Changpeng Zhao, specifically regarding third-party crypto asset securities.

WazirX, an Indian cryptocurrency exchange, recently experienced a $230 million loss due to a security breach.

Amid the flood of new tokens emerging daily, traders are constantly searching for those with the greatest potential.

Ge Shu from the China Intellectual Property Administration (CIPA) reported a significant rise in AI-related invention patents, highlighting that by the end of 2023, China held 378,000 such patents.

Kamala Harris is reportedly engaging with major cryptocurrency firms to address her party’s previous skepticism towards the industry.

Mike Novogratz, the CEO of Galaxy Digital, has raised alarms about the current state of US government spending, suggesting that it is on a dangerous path that could lead to bankruptcy.

Gemini has notified users to watch for suspicious activity after discovering a breach linked to one of its banking partners.

Arthur Cheong, founder of DeFiance Capital, believes there’s a significant opportunity for long-term holders in the DeFi sector.

Non-fungible tokens (NFTs) are facing their lowest monthly sales volume since November 2023, with July 29 data showing a monthly volume of $393 million.

Well-known crypto analyst and trader predicts significant growth in the cryptocurrency market, adding that the total market capitalization of cryptocurrencies may be about to break its last resistance level at $2.66 trillion.

Senator Elizabeth Warren has raised concerns about foreign adversaries potentially exploiting digital asset mining operations for espionage.

Justin Sun, the founder of TRON, has called on China to adopt a more favorable stance towards cryptocurrencies, echoing recent pro-crypto sentiments from U.S. presidential candidate Donald Trump.

Anthony Scaramucci, founder of Skybridge Capital, believes that the next crypto bull market could be sparked by clear regulatory guidelines.

Tyler Winklevoss, co-founder of Gemini, criticized the Biden administration for not engaging constructively with the cryptocurrency industry.

The lack of information after SEC’s alleged private meeting with Ripple on July 25, 2024, has left many puzzled and ignited a wave of speculation.

Michael Burry, the investor renowned for foreseeing the 2008 housing crash, has recently made significant changes to his stock portfolio, suggesting a shift in his economic outlook.

Vitalik Buterin has addressed concerns regarding Ethereum’s dedication to decentralization following remarks from Péter Szilágyi, a key developer on the team.

At the Bitcoin 2024 conference in Nashville, MicroBT unveiled its latest WhatsMiner models, focusing on sustainable mining technology.