Even though crypto hedge funds managed positive returns during the first half of 2023, bitcoin trounced them, according to a 21e6 Capital report. origin »

Michael Saylor’s Bitcoin Billions Have Rebounded Since He Exited CEO Job a Year Ago.

Saylor stepped down as CEO of MicroStrategy one year ago in order to focus solely on Bitcoin. origin »

PayPal Introduces PYUSD Stablecoin in Collaboration with Paxos.

PayPal USD is 100% backed by U.S. origin »

Singapore Red Cross Taps into Cryptocurrency for Donations.

The Singapore Red Cross has announced the start of anonymous donations in Bitcoin, Ether, Tether and USD Coin. origin »

PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum.

The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust. origin »

First Mover Americas: Michael Saylor's Wager on Bitcoin Looking Better.

The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. origin »

Fed's Rate Hike Cycle Has Peaked, Investment Banks Say.

The end of the tightening cycle does not necessarily imply a quick pivot toward zero interest rate policy, meaning animal spirits may not return to the crypto market anytime soon. origin »

Worldcoin Nairobi Warehouse Raided by Kenyan Police: Reports.

Kenyan police raided Worldcoin's Nairobi warehouse and confiscated documents and machines on Saturday. origin »

Ether Whale Burned 2,500 ETH; Ethereum Community Questions Motives.

Ethereum community puzzled as an unknown entity sends 2,500 ETH to burn address: What could be the reason? origin »

Cardano Blockchain Transactions Jumped 49% in Q2 on Network Upgrades, New Users.

Blockchain load – a measure of how much data is contained in blocks over a certain period – rose to 50% in the second quarter from under 40% in the first. It peaked at 81% in May. origin »

Crypto Options Traders Bet Against Volatility.

"Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now," one trader said. Crypto traders typically short volatility by selling or writing call/put options. origin »

Gen Z Leading the Way in Crypto ‘Social Trading'.

Leading cryptocurrency exchange Bitget, has released the results of research covering the copy and social trading phenomenon on its platform. The data reveals that Generation Z users account for 44% of all copy trading users, exhibiting the highest interest in this trading strategy whilst older crypto traders also leverage copy trading to gain market trends and insights. origin »

Tether unveils mining software to boost efficiency and capacity.

The recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity.

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FBI warns of phishing scams and social media account hijackers.

The FBI warned that the account hijackers work to “create a sense of urgency” with their posts and urged people to vet any website or potential opportunity before clicking on it. origin »

H.H. Sheikh Saeed bin Hasher Al Maktoum and Mr. Solaiman Al-Rifai End Of Business Partnership With ZENIQ.

Coinscribble – August 4th, 2023 – Partners with ZENIQ, His Highness Sheikh Saeed bin Hasher Al Maktoum and Mr. Solaiman Al-Rifai, have announced their decision to end their commercial relationship. origin »

Cathie Wood’s Ark Invest evaluates Bitcoin’s current situation & potential future.

Ark Invest’s thorough report evaluates Bitcoin’s current situation and potential future outlook. With volatility at lows never witnessed since 2017, regulatory challenges, and health network activity, David Puell’s research forecasts an upcoming massive price action. origin »

Bridgecoin’s new lending platform allows users to defer crypto gains tax.

On August 3, Bridgecoin Capital revealed a new first-of-a-kind platform to lend clients’ cryptocurrency into real estate assets. Their experienced team has been exploring ways to merge blockchain and the commercial real estate market since 2018. origin »