CoinDCX introduces protection fund to secure Indian crypto users
CoinDCX's Crypto Investors Protection Fund will enhance user security by allocating 2% of brokerage income annually to safeguard assets.
Posts published on August 6, 2024 go to media archive 1/5
Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M
Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system."
Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’
Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for…
Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating
Yesterday, August 5, LINK, the native currency of Chainlink, a decentralized Oracle provider, plunged to a six-month low. Changing hands at around $8, LINK fell by 64% from March highs, breaking out from a bull flag, signaling weakness. The…
Asia Blockchain Summit 2024 Day One: Initial Thoughts
Ex-Fed Advisor Suggests US Is Already in a Recession as Airbnb Cautions on Economic Slowdown
On Tuesday, following a sharp downturn the day before, the top five U.S. benchmark indices made a recovery. However, Airbnb, the prominent vacation rental company, reported that it does not foresee a strong third quarter due to a slowdown in…
‘Crypto Advocates for Harris’ movement claims support from Mark Cuban
The organization was apparently formed the same day Kamala Harris announced her running mate, Minnesota Governor Tim Walz.
Nasdaq asks to list options on spot Ethereum ETFs — Filing
Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too.
US private investors predict surge in crypto investments in 2024 — Report
A survey by law firm Barnes & Thornburg found that 59% of US private investors are more likely to invest in crypto funds over the next 12 months.
Aave Protocol Unfazed By Market Jitters, Surges 21%
Crypto lending protocol Aave restarts its bullishness as the market resets. AAVE, the namesake token of the platform, surged to nearly 20% in the past 24 hours, capturing the momentum of the broader market which is still up by over 5% since…
Canadian crypto exchanges face deadline for CIRO membership
Crypto traders have been on interim rules since March 2021, and it’s time to finalize membership in the securities industry's self-regulatory organization.
Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings
Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges…
Crypto PACs invest $4M in candidates ahead of Aug. 6 primaries
Missouri, Washington and Michigan residents will be able to vote in primaries for specific candidates backed or opposed by crypto interest groups.
Nearly every token Binance listed in 2024 is now bleeding red — Coin98
Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years.
Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions
Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than…
Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High
Crypto analyst Rekt Capital has provided some form of optimism for Bitcoin investors, suggesting that the massive sell pressure on the flagship crypto is almost over. This comes amid a significant surge in Bitcoin’s dominance. Bitcoin Seller…
Immunefi Report Reveals Alarming 112% Rise in Crypto Hacks and Frauds in Q2 2024
Popular bug bounty platform Immunefi has found that the global cryptocurrency ecosystem suffered increased hacks and frauds in the second quarter of 2024, losing $572.7 million. According to a recent report, this is a 112% increase compared to the…
Semler Scientific Studied MicroStrategy’s Success Before Adopting Bitcoin Strategy
It was more than two years before Bitcoin's birth when Dr. Herbert Semler, who served as a flight surgeon in the Korean War before leading cardiology at a Portland hospital, co-founded Semler Scientific in 2007.Seventeen years later, the medical…
How mobile technology can drive mass Web3 adoption
According to the Global System for Mobile Communications (GSMA), 49% of individuals globally access the internet from smartphones.
CoinShares revenue surges 110% in Q2, driven by FTX claim sale
CoinShares revenue for the second quarter of 2024 rose to nearly $28.5 million. FTX bankruptcy proceedings generated a return of 116% in the quarter.
Convergence congratulates attacker, attempts to open negotiations
The Convergence team posted a message to the Ethereum network, stating it believes the attacker ‘acted as a white hat.’
Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden
Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter…
Bitcoin traders regain optimism as BTC price aims to reclaim $57K
Traders say Bitcoin presents the “best buying opportunity” after BTC’s price rebounds toward the $57,000 level.
3 Reasons To Buy XRP Now: Crypto Analyst Shares Bullish Forecast
Crypto analyst Doctor Magic (@Doctor_Magic_) has outlined three reasons for investors to consider buying XRP now. In a series of posts on the X, Doctor Magic detailed the dynamics and data points positioning XRP as a potentially lucrative…
Saylor says BTC strategic reserve is ‘Louisiana Purchase’ moment for US
Michael Saylor previously forecasted that Bitcoin will reach approximately $13 million per coin by 2045.
Crypto Market Volatility Fuels $1.2B Inflows at Binance
On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading…
Valour to launch digital asset ETPs in Kenya
Valour is moving out of Europe to the green pastures of Africa by way of passporting.
‘The Black Swan’ author says Bitcoin a poor hedge against market meltdown
Nassim Nicholas Taleb says gold still stands apart as a store of value.
Ronin ‘white hat’ attacker returns $10M in ETH after apparent accidental front-run
The MEV bot returned nearly all of the funds, and the team claimed that $500,000 was being paid to it as a bounty.