The Law Commission’s final report advocates for legal reforms to better protect the unique features of digital assets. Source: https://cointelegraph.com/news/england-law-commission-crypto-asset-property-reform?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
The Machines Arena Launches Exciting Play 2 Airdrop Event: Unlocking $TMA Tokens Through Gaming
Reykjavik, Iceland, July 30th, 2024, GamingWire The Machines Arena (TMA), the competitive hero shooter for PC and Android devices developed by Directive Games, has announced the start of their Play 2 Airdrop, an 8-week event offering players the chance to earn points and secure $TMA tokens. This event blends entertainment with earning potential. The Play 2 Airdrop event is now…
Over 70% of hacked funds are lost to CeFi entities: Cyvers
Real-time threat detection and AI integrations could further bolster Web3 security, according to the CEO of Cyvers. Source: https://cointelegraph.com/news/cefi-hacks-2024-cyvers-ai-security?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Huawei Aims to Drive AI Adoption in Africa With Data Center Expansion
Chinese tech giant Huawei says it will leverage its experience to help African customers. The company aims to achieve this by providing storage products and services to manage data. Huawei will also offer cloud services to support African businesses. According to the company, data centers are the new digital hubs. However, they must be faster, […] Source: https://news.bitcoin.com/huawei-aims-to-drive-ai-adoption-in-africa-with-data-center-expansion/
CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times
The Commodity Futures Trading Commission (CFTC) warns about repeated fraud targeting victims multiple times, often by the same criminals. Common fraud types include relationship crypto frauds, also known as “pig butchering,” where scammers form online relationships, encourage investments in bogus crypto trading schemes, and then steal funds. Victims often face additional scams, such as fraud-recovery […] Source: https://news.bitcoin.com/cftc-warns-of-follow-on-frauds-targeting-victims-multiple-times/
Tron Founder Justin Sun Calls on China to Warm up to Bitcoin
Justin Sun, the founder of Tron, has called for China to open up to Bitcoin. According to Sun, China’s embrace of crypto would benefit the entire cryptocurrency space, providing a counterpart to the U.S. China’s ban on bitcoin and cryptocurrency mining altered the industry landscape in 2021, leading to a significant exodus of miners that […] Source: https://news.bitcoin.com/tron-founder-justin-sun-calls-on-china-to-warm-up-to-bitcoin/
Mt. Gox just moved $3B in Bitcoin; here’s why the price barely blipped
Crypto analysts say Mt. Gox holders are more likely committed to HODLing, and the market thinks so too. Source: https://cointelegraph.com/news/mt-gox-bitcoin-transfer-price-crypto-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops
The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing […] Source: https://news.bitcoin.com/bank-of-england-pushes-for-swift-digital-payment-solutions-as-cash-usage-drops/
‘Magnificent seven’ stocks shed $2.6T in lead-up to busy earnings week
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%. Source: https://cointelegraph.com/news/magnificent-seven-stocks-shed-2-6-trillion-busy-earnings-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto.com-Backed ZKX Protocol to Shutdown Amid Economic Challenges
Decentralized finance trading platform ZKX Protocol is set to cease operations, citing insurmountable economic challenges, according to a statement from co-founder Eduard Jubany Tur on Wednesday. Tur cited the increasing challenges of maintaining and engaging a DeFi community driven by token incentives. “In recent months, the volume of threats and abuse has surged, alongside persistent hacking and scam attempts,” he…