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Bitget reserves top $1.44B, claims to be debt free

[Jul 13, 2023 7:00 AM] The cryptocurrency exchange claims its total proof-of-reserves ratio has reached 223% in its latest July report.

Telegram Wallet bot enables in-app payments in Bitcoin, USDT and TON

[Jul 13, 2023 4:00 AM] Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto.

US industry watchdogs oppose draft bill on crypto market structure

[Jul 13, 2023 2:29 AM] The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation.

'AI helps traders utilize more intuitive strategies,' says exchange

[Jul 12, 2023 3:02 PM] Bitget currently has a Martingale AI trading bot and a Grid Trading AI bot on its platform.

PwC hedge fund survey finds crypto remains viable despite recent market turmoil

[Jul 12, 2023 1:35 PM] The portion of traditional hedge funds investing in crypto fell, but many of those still in the market plan to increase crypto investing this year.

Elon Musk kickstarts new AI company to ‘understand the universe’

[Jul 12, 2023 11:43 AM] "The goal of xAI is to understand the true nature of the universe," the company wrote.

South Korea to ask firms to disclose crypto holdings from 2024

[Jul 12, 2023 6:05 AM] After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings.

European Banking Authority calls for early adoption of stablecoin standards

[Jul 12, 2023 5:55 AM] EBA officials anticipate a surge in stablecoin issuance in the coming months and have urged businesses to use its guiding principles before restrictions are implemented.

Bank of China trials offline payments for digital yuan via SIM cards

[Jul 12, 2023 3:27 AM] The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities.

US Senate Finance Committee asks digital asset community how to tax it in open letter

[Jul 11, 2023 4:00 PM] Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so.

UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites

[Jul 11, 2023 3:30 PM] The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against…

BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers

[Jul 11, 2023 3:00 PM] G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.

Bitcoin continues dominance as 3rd week of fund inflows correct previous months’ outflows

[Jul 11, 2023 1:00 PM] Blockchain equities inflows reached a recent high of $15 million as well. However, total trading volume dropped.

Algorand decentralized lending protocol Algofi to shut down by end of year

[Jul 11, 2023 11:37 AM] Developers say building the borrowing and lending protocol is "no longer a viable path" for Algorand.

Bots Sending BTC — Lightning Labs Releases New Tools for AI-Bitcoin Integration

[Jul 11, 2023 11:30 AM] On July 6, Lightning Labs released new developer tools to enhance the intersection of artificial intelligence (AI) and Bitcoin. The layer two (L2) startup introduced a new specification known as L402 and tools that enable AI systems to conduct…

Crypto Update: Top 3 Altcoins To Watch This Week

[Jul 11, 2023 6:55 AM] While the Bitcoin price is currently stuck in a sideways trend, a few altcoins on the crypto market are currently showing a strong momentum. These three altcoins are currently attracting the attention of investors and traders alike: Shiba Inu…

Arbitrum-based Rodeo Finance exploited for second time, $1.5M stolen

[Jul 11, 2023 6:04 AM] The exploiter manipulated price oracles to gain the upper hand on trades executed using the manipulated price.

UK FCA shuts down 26 crypto ATMs following coordinated investigation

[Jul 11, 2023 1:45 AM] The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017.

BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

[Jul 10, 2023 3:30 PM] A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.

Social media discussions play a crucial role in influencing crypto returns: Study

[Jul 10, 2023 1:00 PM] The researchers also determined that “news sentiment” is a much less effective predictor of cryptocurrency returns.

Gaming gear maker Razer hacked, user data, encryption keys for sale online: Report

[Jul 10, 2023 10:55 AM] The Singapore-U.S. gaming company has responded to reports of 404,000 emails, keys, logins and other info for sale; it hasn’t finished dealing with a 2020 leak yet.

XRPL grows in Q2 despite SEC lawsuit concerns: Report

[Jul 9, 2023 3:06 AM] The XRP Ledger saw a significant increase in the total new address count, which reached 138,790, representing a growth of 31.8% compared with the same period in 2022.

Multichain attack triggers Twitter phishing scheme for FTM distribution

[Jul 9, 2023 1:47 AM] A phishing link was included in the tweet and shared with the affected users of the hack, leading them to believe it is associated with Fantom Foundation.

CZ Says News of Exec Departures at Binance Is FUD

[Jul 9, 2023 12:00 AM] Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing…

Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start Weekend, ETH Remains Below $1,900

[Jul 8, 2023 6:30 AM] Bitcoin was hovering near the $30,000 level to start the weekend, as markets continued to digest the latest U.S. nonfarm payrolls report. Payrolls came in at 209,000, less than the 225,000 expected, putting slight doubt in a potential July rate…

Ripple Labs to revolutionize real estate industry through tokenization

[Jul 8, 2023 12:28 AM] This innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, leveraging Ripple’s CBDC platform.

BIS develops framework against CBDC cyberattacks

[Jul 7, 2023 1:20 PM] The institution cited rising exploits against DeFi as a need for more secure CBDCs.

Gemini Files Lawsuit Against Digital Currency Group and Barry Silbert Alleging Fraud and Deception

[Jul 7, 2023 11:30 AM] After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had…

$30B stolen from crypto ecosystem since 2012: Report

[Jul 7, 2023 10:40 AM] The stolen amount represents nearly 3% of the current market cap of listed cryptocurrencies.

Shibarium could go live in August — Developer

[Jul 7, 2023 6:45 AM] The Shiba Inu ecosystem’s world paper, as well as new Shiba Inu projects and detailed information about the Treat token, will be presented at a Toronto conference next month, Shytoshi Kusama says.