Bitcoin experienced a significant downturn on Monday, sending shockwaves through the digital asset space and prompting analysts to reassess trading strategies. This bloodbath resulted from a complex interplay of factors, including the unwinding of the Japanese Yen carry trade, macroeconomic concerns, and substantial selling pressure from key market players. Despite the downturn, there are signs that Bitcoin is stabilizing and…
Walz has previously advocated for more stringent crypto regulations, to ensure the stability of the legacy financial system. Source: https://cointelegraph.com/news/kamala-harris-chooses-governor-walz-us-presidential-running-mate?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Wire transfers in the world’s largest economy could attract more high-net-worth individuals to crypto. Source: https://cointelegraph.com/news/transak-us-crypto-wire-transfers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from Grayscale’s Ethereum Trust. Blackrock Leads $48.73M Inflows for U.S. ETH ETFs as Crypto Market […] Source: https://news.bitcoin.com/us-eth-etfs-draw-48-73m-on-monday-grayscales-46-84m-outflow-dampens-impact/
Coffeezilla believes the lawsuit aims to “crush new investigations while taking revenge for the old ones.” Source: https://cointelegraph.com/news/coffeezilla-logan-paul-lawsuit-investigations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Meme coins appeared to stave off a brewing global financial contraction on Tuesday, with Ethereum token Pepecoin leading the pack. PEPE climbed over 22% to $0.0000007673 on Tuesday morning, perfectly recovering the losses it incurred on Monday. Just yesterday, assets across the board—crypto and traditional markets—plummeted largely due to broader geopolitical and financial troubles. The token, still worth a fraction…
Cryptocurrency exchange Binance is facing a significant tax challenge in India after the country’s tax authorities issued a notice demanding a Goods and Services Tax (GST) payment of $86 million. The Directorate General of GST Intelligence alleges that Binance collected fees from Indian customers for trading virtual digital assets without remitting the appropriate taxes, according to a local news outlet.…
Egyptian artificial intelligence firm Synapse Analytics has secured $2 million to expand into the Gulf Cooperation Council region and Africa. The company has partnered with major banking product providers such as AWS, Crealogix, and TUMM. Using AI to Simplify Access to Finance The Egyptian artificial intelligence (AI) firm, Synapse Analytics, recently secured $2 million to […] Source: https://news.bitcoin.com/egyptian-ai-startup-gets-2m-for-gcc-africa-expansion/
Medical technology firm Semler Scientific has continued its strategy of purchasing Bitcoin for its corporate treasury, scooping up an additional 52 BTC for an aggregate cost of $3 million. The firm announced its latest Bitcoin buys in a press release accompanying its second quarter financial results, noting that its purchase of BTC from June 30 through August 5 brought its…
If the exploit occurred due to a white hat hacker, the funds could soon be returned to the blockchain. Source: https://cointelegraph.com/news/ronin-network-exploit-9-8m-eth-white-hat-hacker?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
