As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment. Source: https://cointelegraph.com/news/nigerian-crypto-activist-james-otudor-gains-community-support?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks
Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping by 86.34% and sellers by 77.25%. NFT Market Sees 6.29% Growth This past week, […] Source: https://news.bitcoin.com/nft-sales-hit-95-42m-with-ethereum-dominating-but-market-participation-shrinks/
Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and Adoption
While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin said while bridges are poised to play an increasingly critical role in blockchain interoperability, their control by a small number of validators poses […] Source: https://news.bitcoin.com/online-gaming-veteran-top-tech-strong-marketing-key-to-web3-growth-and-adoption/
This Week in Coins: Bitcoin Ends in the Red, but Some Alts Survive a Crazy Week
Illustration by Mitchell Preffer for Decrypt. When people talk about crypto’s volatile nature, they’re referring to weeks like this. Bitcoin was at one point trading for below $50,000 per coin on Monday after a jobs report sparked fears that the U.S. economy was headed in the wrong direction. And a phenomenon dubbed the “carry trade”—a well-known trick where traders around…
Harris campaign’s alleged crypto reset questioned amid Fed's bank action
Critics argue that the Fed’s actions represent a significant overreach and could stifle innovation in the rapidly growing cryptocurrency sector. Source: https://cointelegraph.com/news/fed-action-customers-bank-harris-crypto-reset?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Gemini urges CFTC to withdraw proposed rule on event contracts
Gemini co-founder Cameron Winklevoss believes that cryptocurrency prediction platforms offer a level of integrity that other platforms can’t match. Source: https://cointelegraph.com/news/cryptocurrency-exchange-gemini-united-states-cftc-prediction-markets-polymarket?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting
The Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for rigorous compliance with federal securities laws. Source: https://cointelegraph.com/news/sec-settles-ideanomics-crypto-fraud?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Okx Says Accounts Interacting With Tornado Cash Will Be Closed
According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receiving deposits from sanctioned entities, including Garantex and Tornado Cash, will trigger compliance risk control, ultimately leading to account closure. Similarly, any […] Source: https://news.bitcoin.com/okx-says-accounts-interacting-with-tornado-cash-will-be-closed/
VC firms are slowing down crypto investments for a 'nuanced reason' — Venture Capitalist
Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on “breakout trends” rather than “moonshots.” Source: https://cointelegraph.com/news/venture-capital-crypto-firms-slowing-down-bitcoin-ethereum-returns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Milei’s Government Creates ‘Minority Report’ AI Unit to Predict Crimes in Argentina
The government of President Javier Milei has created a security-focused artificial intelligence (AI) unit that will use learning algorithms and other technologies to supervise the internet and predict crimes before they happen in Argentina. The unit, created last week, has caught attention in social media due to its similarities with how police act in the […] Source: https://news.bitcoin.com/mileis-government-creates-minority-report-ai-unit-to-predict-crimes-in-argentina/