Author: Tony Pearce
Inflows into Bitcoin Reach $543M: Report
Reading Time: < 1 minuteBitcoin saw a total of $543 million in inflows, driven by Fed Chair Jerome Powell’s favorable comments.
WazirX to Allow Rupee Withdrawals
Reading Time: < 1 minuteWazirX, the Indian cryptocurrency exchange that was the victim of a $230 million hack in July, has announced that it will resume allowing withdrawals in rupees.
Thailand’s Police Raids an Illegal Bitcoin Mine
Reading Time: < 1 minuteOn Sunday, Thailand’s police and electricity authorities revealed that they had conducted a raid on an illegal bitcoin mine located in a local town.
Grayscale Launches an Avalanche Blockchain Token Trust
Reading Time: < 1 minuteGrayscale Investments has announced the addition of an Avalanche blockchain token trust to its list of recently introduced products.
Colombia’s Watchdog Accuses Worldcoin of Violating Personal Data Protection Regime
Reading Time: < 1 minuteColombia’s leading consumer protection agency has accused Worldcoin and its parent company Tools for Humanity of potentially violating the country’s laws on personal data protection.
Mining Firm Bitfarms Purchases Rival Stronghold Digital Mining
Reading Time: < 1 minuteBitcoin mining company Bitfarms has purchased Stronghold Digital Mining for approximately $125 million, including assumed debt of $50 million.
Tether to Realese a Dirham-pegged Stablecoin in UAE
Reading Time: < 1 minuteTether has announced its upcoming launch of a new stablecoin pegged to the United Arab Emirates dirham (AED).
Malaysian Authorities Destroy Almost 1,000 BTC Mining Devices
Reading Time: < 1 minuteMalaysian authorities have destroyed 985 Bitcoin mining machines worth approximately 1.98 million Malaysian ringgits ($452,500).
Bitwise Buys European ETP Provider ETC Group
Reading Time: < 1 minuteCrypto asset manager Bitwise has strengthened its global presence by acquiring London-based ETC Group.
Bitcoin’s Mining Profitability Falls to All-time Low
Reading Time: < 1 minuteThe recent increase in the Bitcoin network hashrate has caused a decline in the stock value of BTC mining companies that had recently gained from their investments in artificial intelligence (AI).
Australia’s Regulator Takes Down 600 Crypto-related Scams
Reading Time: < 1 minuteThe financial markets regulator in Australia has reported removing more than 600 fraudulent cryptocurrency schemes in the past year, cautioning that fraudsters and artificial intelligence are constantly adapting their methods to deceive unsuspecting individuals.
South Korea’s Pension Fund Purchases $33.7M in MicroStrategy Shares
Reading Time: < 1 minuteThe world’s third-largest pension fund, South Korea’s National Pension Service, bought $33.7 million worth of shares from MicroStrategy in the second quarter of this year.
US Government Moves $600M in Bitcoin
Reading Time: < 1 minuteThe US government transferred 10,000 seized Bitcoin (BTC) related to Silk Road to Coinbase Prime, the institutional platform of the popular exchange, on Wednesday.
Binance’s App Returns to India
Reading Time: < 1 minuteAfter a seven-month ban due to noncompliance with local regulations, cryptocurrency exchange Binance has now returned to India’s Google Play Store and Apple App Store.
Coinbase to Launch a Tokenized Bitcoin
Reading Time: < 1 minuteCoinbase has hinted at the potential launch of a new product called cbBTC.
Coinbase Expands Services to Hawaii
Reading Time: < 1 minuteCoinbase has recently expanded its services to include Hawaii residents.
Coinbase Asks SEC to Reconsider DEX Rule
Reading Time: < 1 minuteCoinbase has urged the US Securities and Exchange Commission to scrap its proposed rule that would bring decentralized exchanges under its purview and start afresh.
Hong Kong’s Crypto ETFs Are Facing Obstacles
Reading Time: < 1 minuteAccording to Gary Tiu, Executive Director and Head of Regulatory Affairs at Hong Kong crypto exchange OSL, there is a systemic barrier hindering the growth of cryptocurrency spot exchange-traded funds in Hong Kong.
Ripple Starts Tests of its Stablecoin RLUSD on Two Blockchains
Reading Time: < 1 minuteThe payment network, Ripple, has started testing its stablecoin, Ripple USD (RLUSD), on two different blockchain networks.
Do Kwon’s Extradition to South Korea is Put Off Again
Reading Time: < 1 minuteThe extradition of Do Kwon, former CEO of Terraform Lab, to South Korea has faced yet another setback.
Grayscale Expands its List of Crypto Investment Products
Reading Time: < 1 minuteGrayscale has expanded its list of available investment products to now include Bittensor and Sui.
Bitstamp to Make Bitcoin More Accessible in Europe
Reading Time: < 1 minuteCrypto exchange Bitstamp has partnered with fintech platform Stripe to make Bitcoin and other digital currencies more accessible in Europe. Through this collaboration, announced on August 7, consumers in the […]
Hut 8 Hires a New CFO
Reading Time: < 1 minuteHut 8, an energy infrastructure company and miner of Bitcoin, revealed on Tuesday its upcoming addition of a new chief financial officer later this month.
Xapo Bank Launches an Interest-bearing BTC in the UK
Reading Time: < 1 minuteAfter successfully obtaining a banking license in Gibraltar, Xapo Bank has now launched its services in the United Kingdom.
Weekly Outflows from Crypto Investment Products Hit $528M
Reading Time: < 1 minuteGlobal investment products in the cryptocurrency market, managed by companies such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares, experienced net outflows of $528 million last week.
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