Bitcoin Miner Northern Data Eyes $16B IPO for US Cloud and Mining Units
German Bitcoin miner and cloud computing firm Northern Data AG is reportedly planning an initial public offering (IPO) for two of its entities in the United States, aiming for a…
Experts Say Latest SCOTUS Opinions Will Limit SEC Power Over Crypto
In the past week, the Supreme Court of the United States (SCOTUS) has issued two landmark opinions that may profoundly influence how the U.S. Securities and Exchange Commission (SEC) enforces…
Robinhood Users to Receive AI Tools to Enhance Trading
Robinhood users will soon gain access to advanced artificial intelligence (AI) tools aimed at making more informed trades, following the firm’s acquisition of AI-powered investment research company Pluto Capital. Robinhood…
Roaring Kitty Fraud Lawsuit Over GameStop Dropped After 3 Days
A GameStop investor who sued Keith Gill, popularly known as Roaring Kitty, for alleged securities fraud, dropped his lawsuit just three days after filing it. Plaintiff Martin Radev voluntarily dismissed…
South Korea Crypto Body Says Mass Token Delistings ‘Unlikely’ Amid New Laws
A group of 20 South Korean crypto exchanges has eased concerns that the country’s new digital asset regulations would lead to a mass delisting of tokens. The Digital Asset Exchange…
Circle Becomes First Licensed Stablecoin Issuer Under MiCA
On July 1, Jeremy Allaire, co-founder and CEO of Circle, announced that the firm had achieved a significant milestone by becoming the first stablecoin issuer in the European Union to…
Coinbase to Custody Digital Assets for US Marshals Service
The United States Marshals Service (USMS) has selected Coinbase Prime, the institutional investing arm of Coinbase, to manage the custody of certain digital assets. In a notice released on July…
Vitalik Buterin Proposes Faster Ethereum Transactions with Single-Slot Finality
Ethereum co-founder Vitalik Buterin is aiming to significantly accelerate transaction times on the Ethereum network. In a blog post published on June 30, titled “Epochs and Slots All the Way…
Government Movements in Cryptocurrency: German and U.S. Actions Highlighted
Recent actions by the governments of Germany and the United States have placed them at the forefront of cryptocurrency management discussions. These countries have actively moved significant amounts of cryptocurrency,…
Bitcoin Hashrate Drawdown Dips to December 2022 Levels
The Bitcoin hashrate drawdown, a crucial metric measuring dips in the relative computing power of the Bitcoin network, has declined to levels not seen since December 2022, following the collapse…
Nigerian Analyst Advocates for Crypto Regulation Modeled After European Standards
A Nigerian data and policy analyst, Obinna Uzoije, has commended the European Union’s recent implementation of the Markets in Crypto-Assets Regulation (MiCA) pertaining to stablecoins. He believes that such regulatory…
Historical Trends Suggest Potential Bitcoin Recovery in July
Despite experiencing a 7% decline in June, Bitcoin may be poised for a strong rebound in July, continuing a pattern observed in previous years. Historical data from Coinglass, which has…
Bitfarms Mined 21% More Bitcoin in June Amid Riot Takeover Attempts
Bitcoin miner Bitfarms increased its month-on-month Bitcoin production by 21% in June while defending against a takeover attempt by Riot Platforms, one of its main competitors. In June, Bitfarms mined…
SEC Files Lawsuit Against FTX-Linked Bank, Alleging Fraud
The United States Securities and Exchange Commission (SEC) has taken legal action against Silvergate Capital Corporation, the parent company behind a crypto-friendly bank accused of facilitating fraud at the now-defunct…
Ether Investment Products Experience Largest Outflows Since 2022
Ethereum exchange-traded products faced a challenging end to June, recording the highest outflows since August 2022. According to CoinShares’ weekly analysis, investors withdrew $61 million from Ether investment products between…
Philippines Implements Tether’s USDT for Social Security Contributions
In a groundbreaking move, Tether, the world’s largest stablecoin issuer, has collaborated with the Philippines’ Social Security System (SSS) to integrate cryptocurrency as a viable payment option for social security…
Decrease in Crypto Hacking Incidents: June Sees a 54.2% Reduction in Losses
June witnessed a significant decline in the financial impact of cryptocurrency hacks, with losses plummeting by 54.2% compared to the previous month. This marked reduction highlights a shift in the…
Floki Inu Issues Alert on Counterfeit Tokens Across Solana and Base Platforms
Floki Inu, a prominent memecoin project, has issued a warning to its users and the broader cryptocurrency community regarding fraudulent tokens falsely claiming affiliation with its brand. These unauthorized tokens…
Global Cryptocurrency ATM Installations Approach Historical Peak
The global landscape of cryptocurrency ATMs has witnessed a notable resurgence, with the number of installations nearing its historical peak set in December 2022. Over the past year, the total…
Launch of U.S.-Based Spot Ethereum ETFs Postponed Due to SEC Review Delays
The anticipated launch of spot Ether exchange-traded funds (ETFs) in the United States, initially expected as early as July 2, has encountered delays. The U.S. Securities and Exchange Commission (SEC)…