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BitVM Version 2 Introduces New Era for Bitcoin L2 Scaling Solutions

[Aug 18, 2024 8:30 PM] On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with…

Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction

[Aug 18, 2024 2:30 PM] While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second…

Stablecoin Market Expands: $2.21B Uptick in 8 Days Fueled by Tether’s Growth Spurt

[Aug 18, 2024 1:30 PM] The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $2.21B Growth…

Nigeria’s tax watchdog proposes comprehensive crypto

[Aug 18, 2024 11:19 AM] The FIRS’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital asset.

X Ceases Operations in Brazil After Refusing to Comply With Censorship Orders

[Aug 18, 2024 9:45 AM] X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against its legal representative. The order, issued by Alexandre de…

Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App

[Aug 18, 2024 6:30 AM] A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the…

Lemon Pioneers Fiat-Crypto Interoperability Services in Peru

[Aug 18, 2024 4:30 AM] Lemon, an Argentina-based cryptocurrency exchange and wallet, has received a license to allow fiat-crypto interactions in Peru. The exchange, the first to receive such a license in the country, now eases the processes required to deposit and…

Indian Authority Arrests Man in Crypto Extortion Case

[Aug 18, 2024 2:30 AM] A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according…

Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

[Aug 18, 2024 1:30 AM] Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed…

Polkadot (DOT) Investor Confidence Falls As Token Loses 16%

[Aug 17, 2024 11:00 PM] Polkadot has been on the down low since last month with investors and traders pulling out of the market. According to CoinGecko, the token is down more than 16% in the past 2 weeks. With the bears in control of the market, Polkadot’s short-term…

Bitcoin Miner Bitdeer Unveils $150M Convertible Notes Offering With 8.5% Yield

[Aug 17, 2024 7:30 PM] Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug. 20, 2024. This move aligns with a broader trend in the bitcoin mining…

Eric Trump Interview Teases ‘Digital Real Estate’ Crypto Venture

[Aug 17, 2024 6:30 PM] Eric Trump, son of former President Donald Trump, recently shed some light on the mysterious crypto project that he and his brother, Donald Trump Jr., have been hinting at. In an exclusive interview with the New York Post, Trump revealed that the…

Coinbase CEO Brian Armstrong: AI ‘should have crypto wallets’

[Aug 17, 2024 4:24 PM] Armstrong’s statements come as Coinbase launches a $15K bot accelerator.

This Week’s NFT Sales Slump 11.66%—Will the Downtrend Turn Around?

[Aug 17, 2024 2:20 PM] In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT…

WazirX restores balances post-hack, withdrawal timeline unclear

[Aug 17, 2024 12:08 PM] The delay in withdrawals has impacted individual investors and raised concerns about the overall security and reliability of cryptocurrency exchanges.

IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact

[Aug 17, 2024 11:30 AM] International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing…

Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows

[Aug 17, 2024 5:30 AM] The crypto market continues to be influenced primarily by broader macroeconomic conditions, with the latest US Consumer Price Index (CPI) report providing a glimmer of optimism for risk assets, including cryptocurrencies. Crypto Awaits Fed’s…

Clay County Intensifies Efforts Against Cryptocurrency Scams

[Aug 17, 2024 5:30 AM] The Clay County Prosecutor’s Office, located in Liberty, Missouri, is intensifying efforts to combat the rise in cryptocurrency-related scams. Recognizing the growing threat posed by scams related to cryptocurrencies like bitcoin and…

Remembering Hal Finney’s Vision: The 20th Anniversary of Reusable Proofs of Work 

[Aug 17, 2024 3:30 AM] This week marks the 20th anniversary of Hal Finney’s introduction of Reusable Proofs of Work (RPOW), a groundbreaking concept that paved the way for today’s digital currencies. Finney’s visionary work continues to echo…

Crypto-Stealing Malware ‘Styx Stealer’ Exposed by Hacker’s Critical Mistake

[Aug 17, 2024 2:30 AM] Check Point Research (CPR) has uncovered Styx Stealer, a new malware capable of stealing browser data, cryptocurrency, and instant messenger sessions. Styx Stealer is a variant of Phemedrone Stealer and includes new features like auto-start and…

Binance Goes Live in India: Full Access for Indian Users

[Aug 17, 2024 1:30 AM] Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient…

Dubai Court Recognizes Cryptocurrency for Salary Payments

[Aug 17, 2024 12:30 AM] In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital…

21shares’ Toncoin ETP Reaches Over $100 Million in Assets Under Management

[Aug 16, 2024 11:30 PM] 21shares, a company focused on providing crypto-based exchange-traded products (ETP), recently highlighted the growth of its Toncoin-focused product. The organization, which manages over $3 billion for its customers, celebrated the milestone of its…

Financial Analyst Peter St Onge States Saving the Dollar Is Easy: Return to the Gold Standard

[Aug 16, 2024 10:30 PM] Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with…

Binance Pays $1.75 Million to Settle Irregular Derivatives Offering Procedure in Brazil

[Aug 16, 2024 9:30 PM] Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $1.75 million) to…

Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin

[Aug 16, 2024 7:30 PM] According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSDâ€

Crypto VC funding hits $2.7B in Q2, Tron may be ‘most profitable blockchain’ — Finance Redefined

[Aug 16, 2024 7:02 PM] Crypto startup funding rose over 2.5% in Q2, and Tron could be on track to become the most profitable blockchain in terms of revenue, according to Justin Sun.

Dormant Bitcoin Wallet From 2014 Moves $10.2M—After a Decade

[Aug 16, 2024 2:20 PM] On Aug. 16, 2024, with bitcoin (BTC) hovering above the $58,000 mark, a bitcoin wallet that had been untouched since Jan. 8, 2014, moved 174.88 BTC for the first time in over a decade. Back when the funds were initially secured by the P2PKH (Pay to…

Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic

[Aug 16, 2024 1:30 PM] Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx…

Bitcoin funding rates hit YTD lows, bearish trend looms: CryptoQuant

[Aug 16, 2024 10:57 AM] Bitcoin funding rates on Binance turn negative, reflecting a surge in short positions as institutional interest wanes.