BTC price action may be flagging, but large-volume Bitcoin investors are buying, not capitulating, data shows. Source: https://cointelegraph.com/news/buying-the-dip-bitcoin-institutional-investors-add-100k-btc-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Crypto holders predicted to triple by 2026, says Lunu CEO
The current 560 million crypto holders could see a three-fold increase during the next two years, but user experience remains the biggest challenge. Source: https://cointelegraph.com/news/crypto-holders-triple-2026-lunu-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Dough Finance loses $1.8M in flash loan attack
The attacker exploited unvalidated calldata, resulting in 608 ETH being stolen. Source: https://cointelegraph.com/news/dough-finance-loses-1-8m-flash-loan-attack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Final Fantasy Publisher Square Enix Invests in Soccer Metaverse Game on the Polygon Blockchain
Soccerverse, a massively multiplayer football management game, has successfully raised $3.1 million in a strategic funding round led by renowned games industry publisher Square Enix, with additional participation from early investor Hiro Capital. This brings the total funding to $4 million. Founded by ex-Soccer Manager CEO Andrew Gore and blockchain gaming pioneers Andrew Colosimo and […] Source: https://news.bitcoin.com/final-fantasy-publisher-square-enix-invests-in-soccer-metaverse-game-on-the-polygon-blockchain/
Germany's Bitcoin wallet drops to 5,800 BTC after major sale
With 5,800 Bitcoin remaining, the German government has successfully sold 88.4% of the original 50,000. Source: https://cointelegraph.com/news/german-government-bitcoin-sales-3200-btc-transferred?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs
Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive 15 exahash per second (EH/s) of Block’s mining ASIC chips, with the possibility of ordering additional silicon […] Source: https://news.bitcoin.com/core-scientific-partners-with-block-to-receive-15-eh-s-in-new-bitcoin-mining-asics/
Crypto execs on DeFi domain hacks: Don’t interact with crypto for now
CoinGecko founder Bobby Ong explained that after Google sold its domain business to Squarespace, two-factor authentication was removed due to the forced migration of domains. Source: https://cointelegraph.com/news/defi-domain-hacks-crypto-execs-advise-caution?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto trading volume to exceed $108T in 2024 with Europe in the lead
Crypto trading volume is projected to surpass $108 trillion in 2024, with Europe leading in global transaction value and Binance as the most dominant exchange around the world. Source: https://cointelegraph.com/news/crypto-trading-volume-2024-europe-leads?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump’s Crypto Aide David Bailey Calls out Reddit Bitcoin Mods on Censorship
David Bailey, CEO of Bitcoin Magazine and aide of the Trump presidential campaign, criticized the behavior of the moderators of r/bitcoin, a popular subreddit where bitcoin-centric news and issues are frequently discussed. On social media, Bailey called out these moderators, stating updates about President Trump assisting the Bitcoin 2024 conference in Nashville were censored. “Wild […] Source: https://news.bitcoin.com/trumps-crypto-aide-david-bailey-calls-out-reddit-bitcoin-mods-on-censorship/
UK Law Commission sees no need for DAO-specific legal entity
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks. Source: https://cointelegraph.com/news/uk-law-commission-dao-legal-reforms?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound