The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC. Source: https://cointelegraph.com/news/bank-of-england-wholesale-cbdc-experiment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Bitcoin Exchange Reserves Hit Multi-Year Low Despite Price Rally
Bitcoin exchange reserves have plummeted to approximately 2.8 million coins—their lowest levels in years. This sharp decline comes amid a sustained price surge from Bitcoin as it keeps testing $70,000, according to data from on-chain analytics platform CryptoQuant. This significant decline in exchange reserves comes at a time when Bitcoin’s price is roughly 10% away from its all-time high price…
Central Bank of Brazil Aims to Finalize Crypto Exchange Regulation by Early 2025
According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025. The institution will conduct a second public consultation to finalize the drafts, hearing the opinions of market participants in order to tailor these rules to local needs. Central Bank of Brazil […] Source: https://news.bitcoin.com/central-bank-of-brazil-aims-to-finalize-crypto-exchange-regulation-by-early-2025/
Dunkin’ Is Giving Out Free Bitcoin With Donuts in South Korea
Fast-food chain Dunkin’ is giving out Bitcoin to its customers in South Korea through a series of promotions in partnership with local crypto exchange Bithumb. Participants can receive Bitcoin “coupons” to redeem for free BTC by participating in promotions that are scheduled to run from July 26 to August 8, according to Dunkin’s South Korean website. The giveaways form part…
Telegram CEO Says He Has Over 100 Biological Children
Pavel Durov, the 39-year-old CEO of the messaging service Telegram, dropped a bombshell on his own platform Tuesday, claiming to have fathered over 100 children through sperm donation. The tech mogul, known for his eccentric lifestyle and penchant for privacy, revealed he’s been an anonymous sperm donor for the past 15 years. Durov’s journey into mass sperm donation began with…
3 Ethereum price metrics point to further downside in ETH
ETH price continues to underperform Bitcoin price, and the downside is set to continue. Source: https://cointelegraph.com/news/3-ethereum-price-metrics-point-to-further-downside-in-eth?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance Labs invests in liquid staking platform aPriori
The deal comes amid a flurry of investment in aPriori’s native blockchain network, Monad. Source: https://cointelegraph.com/news/binance-labs-invests-liquid-staking-platform-apriori?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Only Congress and DARPA can rein in the dangers of AI
AI is stretching the boundaries of existing internet protocols. A working group between DARPA, NIST and other federal agencies could help. Source: https://cointelegraph.com/news/only-congress-darpa-rein-dangers-artificial-intelligence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity
The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp, and toncoin achieved modest gains. Crypto Market Dips, Long Positions Lead to $134.65M in Liquidations Bitcoin […] Source: https://news.bitcoin.com/crypto-market-slump-key-currencies-drop-amid-rising-trade-activity/
FTX class action lawyers move to block Sullivan & Cromwell’s dismissal motion
Lawyers for FTX class action are challenging Sullivan & Cromwell’s dismissal request, claiming the law firm facilitated FTX’s fraudulent activities. Source: https://cointelegraph.com/news/ftx-class-action-lawyers-block-sullivan-cromwell-dismissal-motion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound