With 6,200 stakers and 39.9 trillion BTT locked, the BitTorrent Chain is already thriving and is set to supercharge Tron’s DeFi ecosystem with fast, low-cost cross-chain transfers. Source: https://cointelegraph.com/news/how-bittorrent-chain-is-advancing-blockchain-interoperability?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Malaysia adopts Worldcoin for personal verification and digital ID
Malaysia aims to tackle national challenges and unlock economic opportunities by adopting cutting-edge biometric verification technology. Source: https://cointelegraph.com/news/malaysia-worldcoin-iris-scan-digital-verification?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Donald Trump Owns Millions of Dollars in Ethereum, Filing Reveals
Former president Donald Trump holds over a million dollars worth of Ethereum, according to a financial disclosure obtained by watchdog Citizens for Ethics. Per his disclosure, the Republican presidential nominee holds anywhere from $1 million to $5 million in his “cryptocurrency wallet virtual ethereum key,” in a hardware wallet. Trump has also brought in over $7.15 million from an NFT…
Bitdeer to expand operations with $150M convertible notes offering
Bitdeer Technologies Group’s stock price dropped to $6.33 after it announced a senior convertible notes offering. Source: https://cointelegraph.com/news/bitdeer-150m-notes-offering-expansion-stock-drop?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Does Hong Kong have issues with USDT and USDC? OSL exec weighs in
As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC. Source: https://cointelegraph.com/news/hong-kong-usdt-usdc-stablecoin-osl?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India and Russia to Enhance Trade With Rupee-Ruble Payments
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create […] Source: https://news.bitcoin.com/india-and-russia-to-enhance-trade-with-rupee-ruble-payments/
Institutional adoption of Bitcoin ETFs surges 27% in Q2
Increasing institutional ETF adoption could bolster Bitcoin price to new all-time highs. Source: https://cointelegraph.com/news/institutional-bitcoin-etf-adoption-rises-q2?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Spot ETFs net $11M inflow, despite GBTC loss
Despite significant outflows from the Grayscale Bitcoin Trust, the overall spot Bitcoin ETF market saw positive inflows. Source: https://cointelegraph.com/news/bitcoin-spot-etf-inflows-aug-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bernstein Rates Multiple Bitcoin Mining Stocks ‘Outperform’
Investment firm Bernstein has issued an outperform rating on Bitcoin (BTC) mining stocks Riot Platforms (RIOT), CleanSpark (CLSK), Iris Energy (IREN) and Core Scientific (CORZ), while rating Marathon Digital Holdings (MARA) as market-perform. For Riot Platforms (RIOT), Bernstein highlighted its significant operational power capacity and expansion plans. “RIOT has a mega 1GW site at Corsicana, Texas being energised over 2024-25,”…
Bitcoin funding rates hit YTD lows, bearish trend looms: CryptoQuant
Bitcoin funding rates on Binance turn negative, reflecting a surge in short positions as institutional interest wanes. Source: https://cointelegraph.com/news/bitcoin-binance-funding-rates-lowest-2024-bearish-sentiment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound