Binance faces a demand for nearly $92 million in unpaid GST from Indian authorities, aiming to resume operations after a previous ban. Source: https://cointelegraph.com/news/indian-law-enforcement-demand-unpaid-taxes-binance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Bitcoin trading volume recorded post-halving ATH as crypto market bled
Bitcoin trading volumes reached unprecedented levels amid market turmoil, while crypto hackers capitalized on discounted Ether. Source: https://cointelegraph.com/news/bitcoin-trading-volume-record-high-post-halving?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cathie Wood’s ARK resumes Coinbase buying as BTC drops below $50K
ARK Invest is back to buying the Coinbase stock after a long selling period. On Aug. 5, ARK bagged 28,632 COIN shares for $5.4 million. Source: https://cointelegraph.com/news/ark-buy-coinbase-bitcoin-below-50k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand its operations […] Source: https://news.bitcoin.com/coinshares-sees-528-million-outflow-from-crypto-products-due-to-recession-fears/
Martin Shkreli-led Trump memecoin DJT plummets 95%
Roger Stone, a close aide to Trump, previously denied any involvement of the former President or his son with the TrumpCoin memecoin. Source: https://cointelegraph.com/news/solana-trumpcoin-crashes-95-crypto-market-downturn?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Ethereum ETFs Post Second-Largest Daily Inflows as Global Markets Wobble
On Monday, investors poured millions of dollars into U.S. spot Ethereum exchange-traded funds, even as a volatile global market wobbled on widespread sell-offs and recession fears. The Dow Jones Industrial Average tumbled by 2.6%, the S&P 500 by 3%, and the Nasdaq Composite by 3.43, marking the indices’ worst day since September 2022. Those declines were driven primarily by disappointing…
East African Scientists Use AI for Accurate Extreme Weather Forecasts
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme weather events due to climate change. By combining AI with physical atmospheric processes, researchers have developed a hybrid modeling approach that provides more […] Source: https://news.bitcoin.com/east-african-scientists-use-ai-for-accurate-extreme-weather-forecasts/
UK body proposes property category for crypto assets, SEC sued over status of NFTs: Law Decoded
The Law Commission’s final report urges UK government to reclassify crypto assets, addressing current legal gaps. Source: https://cointelegraph.com/news/law-commission-new-property-category-crypto-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Vitalik Buterin unveils plan to solve cross-chain L2 interoperability
“I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems,” said the Ethereum co-founder. Source: https://cointelegraph.com/news/vitalik-buterin-unveils-plan-solve-cross-chain-l2-interoperability?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Developer says he hacked Atari’s ‘on-chain game’ to prove a point
Kautuk Kundan says he sabotaged the leaderboard of Atari’s Base-developed “on-chain” Asteroids game to prove that crypto games should be verifiable on a blockchain. Source: https://cointelegraph.com/news/developer-hacked-atari-asteroids-blockchain-game-to-prove-a-point?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound