In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the Reawakening of 2017 Bitcoin Wallets? Last month, sleeping bitcoin wallets from 2017 moved about 1,636.94 BTC through 23 distinct transactions. […] Source: https://news.bitcoin.com/several-2017-wallets-reactivate-in-august-28-2-million-in-bitcoin-on-the-move/
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability. Source: https://cointelegraph.com/news/bitcoin-layer-2-rollups-sustainability-challenges?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Illustration by Mitchell Preffer for Decrypt Although Bitcoiners were likely hoping to take a victory lap after Donald Trump’s speech at Bitcoin Nashville last weekend, it turned out to be a dim week for the top cryptocurrency, finishing the week down more than 10% and dipping below $60,000 on Saturday amid heaps of liquidations and growing fears of a U.S.…
The U.S. stock market experienced significant declines, and the crypto market fell by 5.82% following a disappointing jobs report, sparking concerns about a potential recession. Meanwhile, Coinbase reported $1.4 billion in Q2 revenue, highlighting growth and regulatory progress in the crypto sector. In Zambia, the central bank aims to enforce the kwacha as the sole […] Source: https://news.bitcoin.com/markets-in-freefall-coinbase-reports-great-q2-revenue-and-more-week-in-review/
A center aiming to drive blockchain innovation and establish Abu Dhabi as a hub for top global events and workshops, connecting industry leaders, has officially opened. Additionally, the blockchain center will incorporate a venture capital arm to support and invest in Web3 startups. Center to Serve as Platform for Launching Latest Blockchain Technology Apps A […] Source: https://news.bitcoin.com/abu-dhabi-unveils-blockchain-center-to-drive-blockchain-innovation/
Decentralized exchanges (DEXs) built on the Solana network overtook those built on longtime reigning decentralized finance (DeFi) king Ethereum in trading volume across the month of July—the first time that’s happened to date. According to DeFiLlama data for DEX volumes by blockchain, Solana outpaced Ethereum in terms of overall trading volume for the month, and won out on the daily…
The Dogecoin team addresses critical security concerns and builds greater community trust by enhancing reproducibility and ensuring transparency. Source: https://cointelegraph.com/news/dogecoin-core-1-14-8-security-update?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Mercado Libre, a financial and e-commerce service company with its own cryptocurrency token, became the largest company in Latin America after announcing its financial results for Q2. Mercado Libre announced a net income of $531 million, significantly surpassing the expected $432 million. Other numbers were also positive, including a 36% growth in sales in Brazil, […] Source: https://news.bitcoin.com/crypto-friendly-mercado-libre-becomes-latams-largest-company/
Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error. Source: https://cointelegraph.com/news/crypto-com-cryptocurrency-exchange-australian-prosecutors-jail-user-mistake-funds?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The ZKX team’s shutdown serves as a reminder of the critical role that transparency and accountability play in the success and stability of cryptocurrency projects. Source: https://cointelegraph.com/news/amber-group-responds-zkx-shutdown-transparency-support?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
