Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
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.
Inflows into Crypto Exchanges Have Decreased This Month: Opinion
Reading Time: < 1 minuteThe transfer of Bitcoin from the Mt. Gox bankruptcy estate and concerns about a potential US government selloff have both contributed to a decrease in Bitcoin exchange inflows since early August.
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.
Mercado Libre to Release a Stablecoin Backed by the USD
Reading Time: < 1 minuteMercado Pago announced on Wednesday that it will launch a stablecoin in Brazil that is tied to the value of the US dollar.
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).
Mt. Gox Moves $700M in Bitcoin to New Wallets
Reading Time: < 1 minuteEarly Wednesday, an address linked to defunct exchange Mt. Gox moved 13,265 BTC, worth $784 million.
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).
Spot Bitcoin ETFs Post Inflow of $88M
Reading Time: < 1 minuteUnited States spot Bitcoin exchange-traded funds (ETFs) have continued to attract positive inflows, with eight out of the past ten trading days showing net inflows.
Nigeria Proposes a New Law to Tax Cryptocurrencies
Reading Time: < 1 minuteNigeria’s Federal Inland Revenue Service (FIRS) is set to introduce a tax on the crypto industry. The tax bill is expected to be presented to parliament for approval by September.
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.
Tether Expands USDT to Aptos Network
Reading Time: < 1 minuteTether has announced the expansion of its USDT stablecoin to the Aptos blockchain. This move adds to USDT’s existing presence on networks like Ethereum, Tron, Avalanche, Celo, and Solana.
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).
BlackRock’s ETFs Surpass Grayscale’s
Reading Time: < 1 minuteBlackRock’s digital asset exchange-traded funds have overtaken those offered by leading competitor Grayscale in terms of total assets under management.
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.
Donald Trump Reportedly Holds $1 Million in Ether
Reading Time: < 1 minuteAccording to election disclosures, Donald Trump owns between $1 million and $5 million worth of Ether (ETH) and earns significant income from licensing fees for non-fungible tokens (NFTs).
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.
Dubai Court Says Crypto Salary Payments Are Valid
Reading Time: < 1 minuteThe Dubai Court of First Instance has ruled that salary payments in crypto are valid under employment contracts.
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.
Spot Bitcoin ETFs Post $81M in Outflows
Reading Time: < 1 minute$81.36 million left US spot Bitcoin exchange-traded funds on Wednesday, ending their two-day streak of positive inflows.
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.
Hong Kong Court Orders Disclosure of Financial Details of Mantra Chain Operation
Reading Time: < 1 minuteThe Hong Kong High Court has recently mandated the release of financial information relating to the dispute between Mantra DAO, Inc. and RioDeFi Inc. and four former RioDeFi employees.
Coinbase Expands Services to Hawaii
Reading Time: < 1 minuteCoinbase has recently expanded its services to include Hawaii residents.
Marathon Digital to Purchase Additional Bitcoins
Reading Time: < 1 minuteMarathon Digital Holdings plans to privately offer $250 million worth of convertible senior notes to qualified institutional buyers.
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