The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on the evening of July 27. The bill includes a provision that targets crypto mixers, anonymity-enhancing coins and institutions that are engaging in crypto trading. The NDAA is a bill that helps authorize how the country’s defense department can utilize federal funding. Within the bill,…
The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government. Kyrgyz President Sadyr Japarov has given a nod to building a crypto mining farm at a hydroelectric power plant, Kyrgyzstan’s national news agency Kabar reported on July 27. The government of Kyrgyzstan plans to spend up to $20…
Simulation theory is a fascinating concept that posits the idea that our reality and everything within it might be nothing more than an elaborate computer simulation. This thought-provoking hypothesis challenges our understanding of existence, blurring the lines between what is real and what might be an illusion. In this article, we will delve into the intriguing realm of simulation theory,…
Disgraced crypto exchange FTX and lender Genesis–both of which filed for Chapter 11 bankruptcy at the start of November–have reached an agreement in principle to settle their ongoing multibillion-dollar dispute, according to a letter filed yesterday with the United States Bankruptcy Court for the Southern District of New York. FTX, which began bankruptcy proceedings last November, filed a motion in…
Binance, the world’s largest crypto exchange, and its CEO, Changpeng “CZ” Zhao, have officially requested the dismissal of a lawsuit brought by the United States Commodity Futures Trading Commission (CFTC). The motion, submitted on July 27, accuses the CFTC of overstepping its regulatory boundaries and engaging in regulatory overreach. The CFTC initiated the lawsuit against Binance in March, alleging that…
The Sandbox metaverse development platform announced on July 27 that it will be partnering with the British Museum to bring it into the metaverse. The blog revealed that the partnership aims to create new “immersive experiences” for users to discover world history. A range of digital collectibles will be generated that reflect various collections within the museum. Immerse yourself in…
Bitcoin casts off a U.S. GDP “nothingburger,” but DXY charges to two-week highs in what is traditionally a BTC price headwind. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-erases-fomc-gains-us-dollar-gdp
Japanese blockchain developer HashPort has raised 1.2 billion Japanese yen ($8.5 million) in a Series C funding round led by Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners and Japanese billionaire entrepreneur Yusaku Maezawa. The new round brings HashPort’s total funding to 2 billion yen ($14.2 million). According to the July 28 announcement, the funds will allow…
Despite dropping off some this morning, MakerDAO’s native governance token has enjoyed hefty growth this week even amid the latest rate hikes from the Fed. Maker enables the minting of U.S. dollar-pegged DAI against over-collateralized deposits of other cryptocurrencies, like Ethereum or Uniswap’s UNI token. The U.S. Federal Reserve opted to lift rates again on Wednesday as part of its…
Crypto mining hardware provider Phoenix Technology is reportedly starting discussions to conduct an initial public offering (IPO) in the United Arab Emirates, according to a report by Bloomber. The Bloomberg report cites anonymous sources who explained that discussions around the matter are still ongoing and the details are not yet finalized. Phoenix Technology is a UAE-based mining operator which is developing one of…
