Bitcoin has gained 6% in the past day and climbed past $62,000 for the first time since last week the day after the U.S. initial jobless claims came in lower than expected and calmed fears of a global recession. At the time of writing, Bitcoin’s price has retraced slightly to around $60,270, up 4.2% on the day according to CoinGecko…
ERC-7683 aims to standardize cross-chain trade execution, enhancing interoperability between decentralized networks. Source: https://cointelegraph.com/news/vitalik-buterin-backs-erc7683-cross-chain-trade-standard?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
PRESS RELEASE. SINGAPORE — 9th August 2024 — TOKEN2049, the world’s largest Web3 and crypto conference, announced a star-studded DJ line-up for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Making their eagerly awaited debut in Singapore, award-winning trio WhoMadeWho will be headlining the event, alongside South African DJ and […] Source: https://news.bitcoin.com/whomadewho-da-capo-to-headline-after-2049-singapores-biggest-pre-formula-1-party/
Despite capturing just 0.3% of retail bank assets, Hong Kong’s virtual banks are exploring opportunities in the Web3 space. Source: https://cointelegraph.com/news/hong-kong-virtual-banks-web3-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
While a strategic Bitcoin reserve may be good for price action, the US Treasury controlling 19% of the BTC supply raises unprecedented centralization concerns. Source: https://cointelegraph.com/news/us-bitcoin-reserve-centralization-risk-hoskinson?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Tech companies release a joint letter requesting more time from the EU to comply with AI Act requirements, citing challenges due to the summer recess. Source: https://cointelegraph.com/news/tech-firms-request-eu-ai-act-compliance-extension?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning interest rates, particularly critiquing the timing and lack of cuts. “A little bit […] Source: https://news.bitcoin.com/trump-suggests-presidents-should-weigh-in-on-fed-policies-jabs-at-powells-interest-rate-timing/
After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing personal data of EU users to train its AI system. Source: https://cointelegraph.com/news/x-suspends-ai-data-collection-eu?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more. Source: https://cointelegraph.com/news/thailand-regulatory-sandbox-crypto-test?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder’s realized price. Source: https://cointelegraph.com/news/tether-usdt-mint-bitcoin-65k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
