Author: Tony Pearce
Taiwan Tightens its Crypto Regulations
Reading Time: < 1 minuteThe Legislative Yuan, Taiwan’s highest legislative body, has approved a law that updates the country’s Anti-Money Laundering (AML) legislation to include digital assets.
Li.Fi Protocol Loses $10M in Hacker Attack
Reading Time: < 1 minuteOn July 16, Li.Fi, an API for conducting swaps and bridging between Ethereum Virtual Machine and Solana, was the target of an attack resulting in over $10 million worth of cryptocurrencies being stolen.
BlackRock CEO: Bitcoin is A Legitimate Financial Instrument
Reading Time: < 1 minuteLarry Fink, the cofounder and CEO of BlackRock, has changed his views on cryptocurrencies over the years.
CoinStats: Hacker Stole $2.2M in Crypto Last Month
Reading Time: < 1 minuteAdditional details about the security incident that occurred in June have been released by CoinStats.
SEC Closes Investigation into BUSD Stablecoin
Reading Time: < 1 minuteFollowing an investigation into the stablecoin Binance USD, the US Securities and Exchange Commission has announced that it will not recommend an enforcement action against Paxos.
MicroStrategy Approves a 10-for-1 Stock Split
Reading Time: < 1 minuteMicroStrategy has announced a 10-for-1 stock split of its Class A and B common stock.
Bitwise CIO: Bitcoin Could Reach $100,000 By Year-end
Reading Time: < 1 minuteCrypto asset manager Bitwise’s chief investment officer, Matt Hougan, has identified five factors that could lead to Bitcoin’s price reaching $100,000 by the end of the year.
Invesco Galaxy Sets 0.25% Fee for its Spot Ethereum ETF
Reading Time: < 1 minuteThe latest round of filings for the Invesco Galaxy Ethereum exchange-traded fund has set its fee at 0.25%.
Bitwise: Ethereum ETFs Will Soon Be Approved
Reading Time: < 1 minuteAccording to Bitwise’s Katherine Dowling, the launch of eight new spot Ether ETFs is getting closer, but an exact date has yet to be determined.
VanEck and 21Shares Plan to List a Solana ETF in Cboe
Reading Time: < 1 minuteThe Cboe has officially requested the Securities and Exchanges Commission (SEC) to allow asset managers VanEck and 21Shares to launch a Solana-based exchange-traded fund (ETF).
Tron to Launch a Gasless Stablecoin
Reading Time: < 1 minuteTron founder Justin Sun has revealed plans to create a new stablecoin that will allow users to freely transfer it without any gas fees.
South Korea Launches New System to Control Crypto Fraud
Reading Time: < 1 minuteThe Financial Supervisory Service of South Korea has announced the development of a new 24-hour surveillance system in collaboration with local exchanges.
Crypto Liquidations Reach $665M
Reading Time: < 1 minuteBitcoin experienced a sharp decline to $53,499 on Coinbase following news of Mt. Gox’s recent transfer from their cold wallet.
Basel Committee Greenlights Disclosure Framework for Banks’ Crypto Exposure
Reading Time: < 1 minuteThe Basel Committee on Banking Supervision announced yesterday that they have officially approved a final disclosure framework for banks to report their exposure to crypto assets.
Crypto Exchange BitMEX Releases a Memecoin Basket Index
Reading Time: < 1 minuteBitMEX has launched a new product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract.
Court Approves Schedule for SEC’s Case Against Consensys
Reading Time: < 1 minuteA judge in Texas has approved a schedule for the US Securities and Exchange Commission’s case against blockchain software company Consensys.
Bitfarms Mines 21% More Bitcoins in June
Reading Time: < 1 minuteAs Bitfarms faces a potential takeover bid from Riot Platforms, the company’s mining operations have been steadily recovering since the Bitcoin halving in April.
Circle Obtains MiCA License for its Stablecoins
Reading Time: < 1 minuteCircle has now obtained an Electronic Money Institution (EMI) license, a necessary step in order to offer cryptocurrency tokens pegged to the dollar and euro in the European Union (EU) under the new Markets in Crypto Assets (MiCA) regulations.
Hawaii’s Crypto Companies Will Not Have to Obtain a Money Transmitter License
Reading Time: < 1 minuteHawaii has officially decided to exempt cryptocurrency companies from the need to obtain a Money Transmitter License (MTL) in order to operate in the state.
NFT Sales Plummet 44% in Q2
Reading Time: < 1 minuteDuring the second quarter, the sale of non-fungible tokens (NFTs) saw a significant decline of 44%, attributed to various factors such as the increase of celebrity, political, and animal-themed memecoins and a downturn in the overall crypto market.
Crypto Exchange Coinbase Sues SEC and FDIC
Reading Time: < 1 minuteA research firm hired by Coinbase is taking legal action against the US Securities and Exchange Commission (SEC) and a federal banking agency.
VanEck Files Application for a Solana ETF in the US
Reading Time: < 1 minuteVanEck, a leading issuer of Bitcoin exchange-traded funds (ETFs) in the US, has submitted a request for a new Solana ETF.
SEC May Approve Spot Ethereum ETFs Next Week
Reading Time: < 1 minuteReuters has reported that the Securities and Exchange Commission may approve spot Ethereum ETF applications by July 4.
Hacker Hacks Metallica’s X Account to Promote a Token
Reading Time: < 1 minuteThe official X account of heavy metal band Metallica was recently hacked.
Jump Crypto’s President Steps Down
Reading Time: < 1 minuteKanav Kariya, the current president of venture firm Jump Crypto, has decided to step down from his position after three years.
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