Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for ‘Transactional Purposes’
The Zimbabwean central bank recently said it is close to rolling out gold-backed digital tokens “for transactional purposes.” According to the bank’s governor, the gold-backed digital tokens have already proven to be an effective…
French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses…
Former SEC Official Warns ‘Crypto Regulatory Onslaught Will Never End’
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that “crypto regulatory onslaught will never end.” He claimed that cryptocurrency trading platforms, like Binance and Coinbase, are…
Peter Schiff Warns Investors of 2 ‘Huge Surprises’ — Foresees Inflation Too High for Fed Rate Cuts to Stimulate Economy
Economist Peter Schiff says investors are in for “two huge surprises.” Noting that the Federal Reserve has already lost its fight against inflation, he explained that by the time the U.S. economy officially enters a recession, inflation will be too…
Unidentified Miners, F2pool Lead All-Time Bitcoin Mining Rankings: A Comprehensive Review of Bitcoin’s Historic Block Discovery
Since the inception of the Bitcoin blockchain by Satoshi Nakamoto, the network has diligently processed in excess of 800,000 blocks. An examination of data from 99 distinct mining pools, spanning the previous 14 years, reveals that unidentified…
IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records
The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse…
NFT Sales Jump 6.59%: A Week of Growth, Dominance of Ethereum, and Record-Breaking Collections
In the past seven days, the non-fungible token (NFT) market has seen a slight rise, recording sales of $106.87 million — an increase of 6.59% from the previous week. Ethereum-based NFTs made a significant contribution, accounting for 56.35%…
Rebase Tokens: A Stunning Collapse From $8 Billion to $351 Million in 20 Months
The crypto winter inflicted a brutal toll on the digital currency landscape, leaving numerous coins with values utterly obliterated. Within this ravaged financial terrain, one specific category — rebase tokens — suffered a tremendous deflation in…
Biggest Movers: SHIB Climbs to 4-Month High, as Meme Coins Rally on Saturday
Shiba inu surged to a multi-month high on Saturday, as the meme coin extended its recent run of bullish momentum. The rally began as a result of the hopes surrounding its upcoming layer 2 launch. Dogecoin also extended recent gains to start the…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Saturday, as Markets Consolidate Following Recent Decline
Bitcoin was back in the green to start the weekend, after bulls rejected a breakout below $29,000 during Friday’s session. The cryptocurrency continues to hover around a key support level, without either bulls or bears taking control…
Fireblocks Discloses Bitforge Vulnerabilities Affecting Dozens of Wallet Providers
Fireblocks, a digital assets security company, has disclosed vulnerabilities affecting several cryptocurrency wallets, collectively named “Bitforge.” Through these vulnerabilities, criminals could steal millions in cryptocurrency…
Nigerian Association of Money Changers Calls for Banning of Binance
The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform. The leader suggested that the…
Redefining Possibilities in RWAs: BG Trade Gears Up for 2 Exchange Listings and IDO Debut
PRESS RELEASE. In the ever-evolving landscape of finance and investments, BG Trade has emerged as a trailblazing platform that reshapes real-world assets (RWA) issuance and trading. The company’s innovative approach introduces a…
Russia to Test Digital Ruble in 11 Cities, Moscow Subway
Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users…
Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article…
Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has…
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex…
BRICS Expansion to Make West Recognize New World Order, De-Dollarization: UAE Professor
The accession of new members will allow BRICS to push the West to accept changes in international relations, an expert from UAE has been quoted as stating. That’s valid in particular for cross-border trade and de-dollarization, said Mohamed El…
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and…
Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued
The Nigerian currency continued its slide versus the greenback when it fell to a new all-time low of NGN950 per dollar. Folashodun Shonubi, the acting governor of the Central Bank of Nigeria, insists that the naira is currently undervalued. The…
FTX Boss Sam Bankman-Fried in Custody, Bail Revoked, Remanded to Jail
FTX co-founder Sam Bankman-Fried was taken into custody and his bail was rescinded on Friday, in anticipation of his trial scheduled for October. Matthew Russell Lee of the Inner City Press disclosed a synopsis of the August 11 hearing on the…
The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public…
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly…
Worldcoin Value Plummets 24% in Week Amid Increase in Unique Addresses, Strong Hold by Top Wallets
In the course of the previous week, the value of worldcoin (WLD) against the U.S. dollar has plummeted by 24.6%, while a broader view of the past fortnight reveals a decline of 21.4%. Simultaneously, five days ago when the contract recorded 408,721…
Mysterious Crypto Trader Burns Over $4.6 Million in Ethereum and Premium NFTs
In the latest wave of onchain mystery, enthusiasts of the crypto world have been abuzz with talks about an enigmatic address that has been annihilating millions of dollars in crypto assets, as well as blue chip non-fungible tokens (NFTs)…
Bitcoin Network’s Inherent Properties Can Be Leveraged to ‘Enhance the Security of PoS Chains’ — Babylon Chain CTO
Fisher Yu, the co-founder and chief technology officer (CTO) at the bitcoin staking protocol Babylon Chain, has argued that when staking bitcoin, stakers “do not need to trust or give their bitcoins to any third parties.” According to…
Bank of Russia Reports 13 Banks Will Participate in Digital Ruble Pilot
The Bank of Russia has announced that all 13 banks intending to participate in the digital ruble pilot have already completed their preparations to join the upcoming test. Olga Skorobogatova, first deputy governor of the Bank of Russia, stated that…
CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns
The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a…
Digital Currency Group Strikes Back: Motion to Dismiss Gemini’s Lawsuit Filed
Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent…
SEC Could Approve Spot Bitcoin ETF Within 6 Months, Says Mike Novogratz
Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the…
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