The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme disguised as a cryptocurrency business. Orissa High Court […] Source: https://news.bitcoin.com/indian-court-reaffirms-legality-of-cryptocurrency-grants-bail-to-yes-world-ceo/
Bitcoin layer-2 scaling networks—particularly “rollups”—have been the talk of the town in crypto developer circles as a new means to keep Bitcoin payments cheap, fast, and decentralized. But despite their vaunted promise, data and analysis from Galaxy Research suggest the vast majority of Bitcoin rollups will be unsustainable. “Rollups on Bitcoin that post data to the base layer will face…
WienerAI (WAI) has proven to be one of the biggest crypto projects of the summer, with investors flocking to the token as the presale draws to a close. With WAI raising over $9 million ahead of its initial DEX listings on Monday 5th August, excitement is building around this new AI meme coin. Last Chance […] Source: https://news.bitcoin.com/analysts-bullish-on-wienerai-as-it-crosses-9m-in-ico-2-days-ahead-of-dex-launch/
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging for bitcoin miners, as earnings hit their lowest […] Source: https://news.bitcoin.com/bitcoin-mining-squeeze-july-revenue-hits-lowest-monthly-intake-of-the-year/
As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community. Source: https://cointelegraph.com/news/wazirx-backlash-socialized-losses-plan-230m-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin offers a modest BTC price comeback after hurtling toward $60,000 in step with stocks worldwide. Source: https://cointelegraph.com/news/btc-price-62k-bitcoin-bulls-bet-m2-money-supply?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
PRESS RELEASE. Taipei, Taiwan —The Open Summit, the largest TON summit this summer, is set to be a landmark event for the global TON community. Powered by TONX and supported by the global TON community, the summit will take place from August 6-8, 2024, at the Taipei Nangang Exhibition Center TaiNEX2, as a part of […] Source: https://news.bitcoin.com/the-open-summit-set-to-transform-asias-web3-landscape-as-the-largest-ton-event-this-summer-2/
Recent declines in the price of Bitcoin could merely be the beginning of a more dramatic fall, a crypto research firm has predicted, attributing this potential downturn to a looming economic storm and a decoupling of the cryptocurrency from the broader stock market. The analysis, authored by Markus Thielen of 10x Research, noted that there were some recent positive signs…
Based on Polymarket predictions, Pennsylvania Governor Josh Shapiro is currently favored to be Kamala Harris’s Vice Presidential pick for her 2024 U.S. presidential campaign. Polymarket participants currently give Shapiro a 72% likelihood of being chosen as the running mate. Betting Markets Show Josh Shapiro Poised to Be Kamala Harris’s VP As of now, Kamala Harris […] Source: https://news.bitcoin.com/polymarket-bets-big-on-josh-shapiro-is-he-kamala-harriss-secret-vp-pick-for-2024/
The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite recent outages. Solana Stress Tests Lead to Upgrades and Improvements Nevertheless, in his written responses shared with […] Source: https://news.bitcoin.com/solana-tokens-rally-reflects-protocols-potential-says-web3-advocate/
