Crypto Biz: Tether to track USDT usage, Cipher gets takeover offer, and more
This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.
Posts published on July 19, 2024 go to media archive 2/4
Bitforex reopens for withdrawals after police investigation
After roughly five months of silence, the crypto exchange Bitforex claimed that the police in Jiangsu Province had detained its team members in February.
US Congress members demand answers from Google over ‘AI Overview’
The request recognized Google’s current efforts to combat misinformation, but said they weren’t enough.
Bitcoin Tops $66K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins
Friday's crypto rally defied past days' correlation with U.S equities, which continued their losing streak.
Kazakhstan pays for rail line to China using programmable CBDC
The second phase of the Kazakhstan central bank digital currency pilot focused on control of its many potential uses.
Leading BTM Operator, Bitcoin Depot, Will Add Bitcoin to Its Treasury Reserves
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its…
Bitcoin Bollinger Bands Squeezing: Is BTC Ready For $140,000?
Bitcoin is in an uptrend, but events in the daily chart show pockets of weakness. Though BTC is stagnant, analysts are upbeat, expecting prices to rise in the days to come. Is Bitcoin Ready To Rip Higher: Analyst Says Bulls Are Eyeing $140,000…
Bitcoin oversold after German gov’t sell-off — ARK Invest
Bitcoin miners seem to be capitulating, a harbinger of a bullish reversal, according to ARK.
Can ETH price crack $3.5K? Ethereum ETF debut will precede new highs, analysts say
Ether could set a new all-time high after the debut of the first spot Ether ETFs, but $3,500 remains a significant resistance line to cross.
Telegram to get Mini App store by the end of July — Pavel Durov
According to the company, Telegram has over 900 million monthly active users and ranks among the top 10 most downloaded apps worldwide.
OpenAI turns to Broadcom as Musk, Zuckerberg snatch up Nvidia AI chips
The run on training hardware has put chipmakers at the forefront of the general artificial intelligence boom.
Fantom Foundation and Sonic Labs Tap Alchemy to Boost Performance and Scalability for Opera and Sonic
Fantom Foundation and Sonic Labs have announced a strategic partnership with Alchemy, a Web3 infrastructure provider. This collaboration aims to enhance the performance and scalability of both Opera and Sonic. Alchemy will contribute RPC support…
Messari CEO Ryan Selkis resigns after political, discriminatory posts
Selkis stepped down as CEO of Messari following statements on social media platform X. Eric Turner will head the company.
Analyst Upbeat On XRP Rally Despite SEC Meeting Cancellation – Details
Nobody in the XRP community expected the SEC to cancel a meeting behind closed doors on July 18 without giving any reason. Some people think this move has something to do with the approval process for spot Ethereum ETFs. Crypto Community Clueless…
BitForex to Open for Withdrawals Following Chinese Police Investigation
Cryptocurrency exchange BitForex said it will open for withdrawals following a five-month outage spurred by an investigation by the Jiangsu Province police in China.
Golf and Bitcoin: The Greatest Games
"Golf is deceptively simple and endlessly complicated; it satisfies the soul and frustrates the intellect. It is at the same time rewarding and maddening - and it is without a doubt the greatest game mankind has ever invented." - Arnold PalmerThis…
Will UK Labour gov’t follow Germany’s example and liquidate 61,245 BTC?
After 14 years, Labour is in control of the UK government. Chancellor of the Exchequer Rachel Reeves may have discretion to use the country’s Bitcoin holdings for the party’s goals.
Africa’s Blockchain Funding Drops to 1.3% in 2023, Deal Share Rises – Report
In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an
Ryan Selkis Quits as Messari CEO Following Inflammatory Tweets
"This week was the first week in 6.5 years that my politics and rhetoric put the team in harms way," he wrote. "As such, I have decided to step aside as CEO."
Hamster Kombat Continues Rising in Pre-Market Trading as New P2E Token Shiba Shootout Raises $700k
The meme coin market has flipped bullish again over the past week. Hamster Kombat (HMSTR) is doing well in pre-market trading, leaving traders buzzing about its upcoming exchange launch. Meanwhile, everyone’s wondering if Shiba Shootout…
A Second Look at Third-Party Token Allegations in the SEC's Case Against Binance
Last week, a federal judge convened a hearing for the U.S. Securities and Exchange Commission's case against Binance after publishing her ruling on Binance's motion to dismiss the SEC lawsuit.
KPMG Establishes Strategic Alliance With Cryptio
KPMG LLP, the U.S. audit, tax, and advisory firm, has announced a strategic alliance with Cryptio, a crypto accounting software platform. This collaboration aims to help companies establish controls for better accounting of crypto assets, meeting…
Bitcoin bulls charge toward $66K as BTC price eyes new 1-month high
Bitcoin wakes up at the Wall Street open with bulls in the driver’s seat for another snatch at the highest BTC price levels since mid-June.
WazirX, Liminal Custody Blame Each Other as $230M Crypto Exploit Leaves Customers Stranded
The dispute centers around multisig wallets.
Market Strategist Says Bitcoin Downtrend Is Finally Over, Here’s Where Price Is Headed Next
A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market…
Elon Musk lashes out at EU over ‘illegal’ free speech deal
The European Commission and Elon Musk’s social media site, X, look set to battle over alleged transparency violations.
EU releases crypto-asset classification tools to help firms comply with MiCA
EU regulators introduce standardized crypto-asset classification under MiCA with a new test and guidelines to ensure uniformity across the market as regulations begin to come into play.
EU markets will pave the way for first Ether staking ETF: dYdX CEO
While the US markets are not yet prepared for an Ether staking ETF, the European markets might lead the way by introducing the first staked exchange-traded fund.
CoinDesk 20 Performance Update: SOL Jumps 4.1% Amid Broad Market Uptick
The CoinDesk 20 Index saw a 1% increase, driven by strong performances from SOL and APT.