Another US Bank Collapses: Heartland Tri-State Bank Closed by Regulator
Heartland Tri-State Bank has become the latest bank in the U.S. to fail. The Kansas banking regulator closed the bank and appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver on Friday. Regulator Shuts Down Heartland Tri-State…
World’s Largest Web3 Event TOKEN2049 Singapore Hits 300 Sponsor Milestone, Announces New Headline Speakers
PRESS RELEASE. SINGAPORE — 30 July 2023 — TOKEN2049, Asia’s premier Web3 and crypto conference, announced a slate of prolific title sponsors and headline speakers for its upcoming Singapore edition. With just 50 days to go in the countdown…
Russian Official Says BRICS Currency Could Be Discussed at Upcoming Summit
Russia’s deputy prime minister has stated that the topic of a common BRICS currency may still be on the table at the economic bloc’s upcoming leaders’ summit. A total of 69 leaders, including all African heads of state, have already been…
Blockchain could save financial institutions $10B by 2030: Ripple
Among the 300 payment leaders surveyed across 45 countries, 97% believe that blockchain will play a crucial role in faster payment systems within the next three years.
US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto
The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said…
SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto…
China Faces Opposition to Rapid BRICS Expansion From India and Brazil, Report
BRICS member states India and Brazil stand in the way of China’s bid to quickly expand the bloc, unveiled a media report. The two nations have different reasons to have reservations about Beijing’s plan to soon increase the organization’s…
Court Filing Suggests FTX’s $2 Billion Lawsuit Against Genesis Is Coming To An End
The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New…
Decade-Old Wisdom: Unpacking Satoshi Nakamoto’s Definitive Quote on Bitcoin Transaction Challenges, 13 Years On
Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I…
Report: French Privacy Regulator Probes Worldcoin’s Biometric Data Practices
The French oversight agency, National Commission on Informatics and Liberty (CNIL), has raised doubts about the legality of Worldcoin’s biometric data collection methods. Besides questioning the legitimacy of its data acquisition processes…
Shiba Inu Reclaims 14th Spot In Market After 5% Jump
After a rough few months of slipping down the ranks, Shiba Inu is back in the top 15 cryptocurrencies by market cap. In the last 24 hours, the price of Shiba Inu has spiked in excess of 5%, allowing it to overtake cryptocurrencies like Wrapped…
Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year
Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC…
Biggest Movers: DOGE Rebounds, as SHIB Surges 5% Higher on Saturday
Dogecoin snapped a three-day losing streak on Saturday, as the meme coin found a point of support. The move came as X, formerly Twitter, continued its re-brand by showcasing its new logo over the San Francisco skyline. Shiba inu surged by over 5%…
Reddit Returns With New NFTs and Crypto Twitter Leaves Threads on Read
Reddit launched Gen 4 of its NFT Collectible Avatars while Amazon expanded its blockchain tools. Also, crypto influencers shared thoughts on Threads and indicated that they aren’t ready to leave Twitter just yet.
This Machine Learning Tool Was Asked To Predict XRP Price, Here’s What It Said
XRP has been one of the trending tokens following the summary judgment which ruled that the token was not a security, giving its parent company, Ripple, a ‘partial victory’ over the United States Securities and Exchange Commission (SEC). That event…
Bitcoin, Ethereum Technical Analysis: ETH Pushes Towards $1,900 to Start the Weekend
Ethereum moved closer to the $1,900 level on Saturday, as cryptocurrency markets made marginal gains. At the time of analysis, the global market capitalization has risen modestly by 0.32%, mirroring the effects of Friday’s U.S. consumer…
‘Community-Based IP’ — Yuga Labs CEO Describes Web3 Evolution of Licensing to Japanese Government Official
In a recent “fireside chat” with the deputy director of the Web3.0 Policy Office of Japan’s Ministry of Economy, Trade, and Industry, Yuga Labs CEO Daniel Alegre noted: “We’re not even in the first inning” of…
Tether (USDT) Market Cap Reaches New Peak, Edges Toward $84 Billion Mark
Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Based on data from…
AI Tokens Record Lowest Weekly Volume Since January – A Sign Of Waning Interest?
AI (artificial intelligence) tokens were one of the most promising assets in the cryptocurrency market at the beginning of 2023. One of the major drivers of this was the launch of ChatGPT – an AI-based chatbot – in late 2022, which…
The article below is from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe…
CryptoPunks Toughness Tested As NFT Succumbs To 60% Drop In 1 Week
Non-fungible tokens continue to play a significant role in developing the Web3 ecosystem, despite the enthusiasm around them having subsided since its peak in 2021. Unquestionably, these distinctive digital assets have been a significant force…
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