India’s NCB forms a special task force and initiates digital forensics training to tackle the growing misuse of cryptocurrencies in drug trafficking. Source: https://cointelegraph.com/news/india-ncb-darknet-crypto-drug-payments?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Ethereum ETF sell-off signals more trouble: 10x Research
According to insights from 10x Research, the recent launch of the Ethereum ETF triggered a sell-off and revealed shifting market dynamics. Source: https://cointelegraph.com/news/ethereum-etf-selloff-market-dynamics?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin.com to Airdrop VERSE Tokens
Active users of the Bitcoin.com Wallet app to be rewarded with Bitcoin.com’s ecosystem token VERSE. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that it will proceed with an initial airdrop of Bitcoin.com’s ecosystem token VERSE. Green-lighted by the results of a community-led proposal, this first airdrop will be given to active […] Source: https://news.bitcoin.com/bitcoin-com-to-airdrop-verse-tokens/
Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets under administration surpassing $4 billion, Sygnum caters to clients from over 60 […] Source: https://news.bitcoin.com/swiss-crypto-bank-sygnum-achieves-profitability-amid-rapid-growth/
SYS Labs CEO to Resign Amid Allegations of Mismanagement
Syscoin, a crypto project that predates Ethereum, is expected to undergo leadership changes in the coming days amid allegations of mismanagement and a lack of financial transparency. Key members within the Syscoin Foundation, a non-profit established to further project development, intend to resign and form a new entity, Syscoin Red, according to several sources who spoke with Decrypt. Internal disputes…
Bitcoin mainnet receives first-ever verified ZK-proof
BitcoinOS successfully verified the first ZK-proof on the BTC mainnet, signaling a new era for Bitcoin as a platform for decentralized applications. Source: https://cointelegraph.com/news/bitcoin-mainnet-first-verified-zk-proof?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin dip under $65K is not ‘likely’ due to Mt. Gox sell-off
There could be seasonal, political and other reasons why Bitcoin has dipped below $65,000, but Mt. Gox Bitcoin sales aren’t one of them, say analysts. Source: https://cointelegraph.com/news/bitcoin-65k-dip-mt-gox-market-sentiment-crypto-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Spot Ethereum ETFs post $113M of outflows on second day of launch
The “newborn” eight ETFs didn’t manage to outrun the $327 million of outflows from Grayscale’s recently converted Ethereum Trust. Source: https://cointelegraph.com/news/ethereum-etfs-post-113-million-outflows-day-two-trading?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Riot Platform buys Kentucky-based Block Mining for $93M
Riot says the deal will immediately add one exahashes per second to its self-mining hashrate and expands its footprint in the United States. Source: https://cointelegraph.com/news/riot-platform-buys-kentucky-block-mining-93-million?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border […] Source: https://news.bitcoin.com/gieseckedevrient-ghana-cbdc-nullifies-the-need-for-multiple-intermediaries-in-cross-border-payments/