Sygnum Bank Achieves Profitability Following Surge in Crypto Trading Volumes
Sygnum Bank, a Swiss-based crypto bank managing $4.5 billion in client assets, has announced it reached profitability in the first half of 2024, spurred by a dramatic increase in cryptocurrency…
Hashdex Submits S-1 for ETF Featuring Bitcoin, Ether, and Potentially Additional Cryptocurrencies
Digital asset manager Hashdex has made significant strides toward launching a pioneering exchange-traded fund (ETF) in the United States that combines Bitcoin and Ether, with the potential to include other…
The Evolution of Decentralized Finance: Transitioning Towards ‘NewFi’
As the landscape of decentralized finance (DeFi) evolves, the conversation among investors and industry stakeholders is intensifying, particularly with the burgeoning interest from institutional players. This interest has been catalyzed…
Thailand to Disburse Digital Money to 45 Million Citizens in Economic Stimulus Effort
In a significant move to boost its economy, Thailand‘s finance minister, Pichai Chunhavajira, has confirmed the implementation of a digital money distribution plan set to benefit up to 45 million…
European Investment Bank Advocates for Enhanced Innovation Financing in the EU
The European Investment Bank (EIB) has recently emphasized the urgent need for increased innovation financing within the European Union. A detailed report released on July 24, 2024, outlines the significant…
Ferrari Expands Cryptocurrency Payment System to Europe Following Success in the U.S.
Ferrari, the renowned Italian luxury sports car manufacturer, is set to broaden its cryptocurrency payment options to its European dealerships starting from the end of July 2024. This expansion follows…
Republican Senator Withdraws Support for Elizabeth Warren’s Anti-Crypto Bill
United States Senator Roger Marshall, a Republican, has officially withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a notable anti-cryptocurrency bill he co-sponsored with Democratic Senator Elizabeth…
Ethereum ETF Launch Triggers Market Sell-Off, Forecasts Further Declines: 10x Research Analysis
The debut of spot Ether exchange-traded funds (ETFs), initially met with market optimism, quickly catalyzed a sell-off, significantly impacting Ether’s price. This reaction is part of a recurring trend observed…
Republicans Criticize FBI Director’s Testimony on Trump’s Alleged Non-Bullet Injury
Recent testimony by FBI Director Christopher Wray has sparked significant political backlash after he suggested that former President Donald Trump may not have been struck directly by a bullet during…
Citi Elevates Coinbase Stock Rating to ‘Buy’ Amid Favorable US Political Developments
Citi, a leading investment bank, has recently upgraded its stock rating for the cryptocurrency exchange Coinbase to ‘buy’ from ‘neutral’, setting a new price target of $345. This adjustment reflects…
US House Approves Bill to Combat Illegal Crypto Activities
The US House of Representatives recently passed a significant piece of legislation aimed at curbing the illicit use of digital assets. Dubbed the Financial Technology Protection Act, this bill received…
Coinbase Pursues Legal Action to Obtain SEC Chair Gensler’s Emails Amid Regulatory Dispute
Coinbase, a leading cryptocurrency exchange, has intensified its legal battle with the U.S. Securities and Exchange Commission (SEC) by filing a motion to compel the production of private emails from…
Vitalik Buterin Unveils Circle STARKs to Enhance Blockchain Efficiency
Ethereum co-founder Vitalik Buterin has recently introduced a groundbreaking cryptographic protocol known as Circle STARKs. This new development promises to enhance both the security and efficiency of blockchain technology significantly.…
MonoSwap Suffers Security Breach, Urges Users to Halt Deposits and Withdraw Funds
MonoSwap, a decentralized exchange and staking platform, disclosed on July 24 that it had fallen victim to a malicious hack. The platform has issued an urgent advisory to its users,…
Biden’s Withdrawal from Presidential Race Spurs Temporary Bitcoin Recovery to $68K
The recent announcement by U.S. President Joe Biden that he will not seek re-election in the 2024 Presidential race had an immediate, albeit brief, impact on Bitcoin’s market value. This…
Kraken Completes Distribution of Mt. Gox Bitcoin Without Significant Selling Activity from Creditors
Crypto exchange Kraken has officially concluded the distribution of Bitcoin and Bitcoin Cash to creditors of the defunct Mt. Gox exchange, as announced by Kraken’s CEO, Dave Ripey. This marks…
Worldcoin Refutes Allegations of Insider Trading and Market Manipulation
Worldcoin has recently found itself at the center of controversy following claims of insider trading and price manipulation concerning its cryptocurrency, the Worldcoin (WLD) token. These allegations have sparked a…
Indian Finance Minister Overlooks Crypto Tax Reduction Requests in 2024 Budget
During the presentation of the 2024 Union Budget on July 23, Indian Finance Minister Nirmala Sitharaman made no mention of cryptocurrencies, leaving the existing taxation structure unchanged. This decision was…
Grayscale Moves $1 Billion in ETH to Coinbase in Preparation for Ether ETF Debut
On July 22, Grayscale, a leading digital asset manager, transferred $1 billion worth of Ether to Coinbase. This significant move aligns with the company’s preparations for the anticipated launch of…
Hex Trust Secures Preliminary Approval for Payment Institution License in Singapore
Hex Trust, a leading digital asset custodian, has achieved a significant regulatory milestone by obtaining in-principle approval from Singapore’s financial regulator for a major payment institution (MPI) license. This development…