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Weekend Wrap: Vitalik offloads MakerDAO tokens, confidence for Bitcoin ETFs and more.
Ethereum co-founder Vitalik Buterin has sold his remaining MakerDAO, while confidence has remained high for upcoming spot Bitcoin ETF approvals. origin »
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Tether Opts for US Treasury Bills to Back Stablecoin USDT.
Tether strategically accumulates $72. 5 billion in US Treasury bills, securing a top position globally. Amid China's accelerated sell-off of U. S. debt, Tether's stablecoin, USDT, offers an inflation hedge in emerging markets. origin »
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Elon Musk Accuses Anti-Defamation League of Damaging X (Twitter) Reputation.
Elon Musk is taking legal action against the Anti-Defamation League, blaming it for a significant drop in X's ad revenue and putting the spotlight on the complexities of free speech in social media. origin »
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Bybit debuts AI-powered ‘TradeGPT’ for market analysis and data-driven Q&A.
Cryptocurrency exchange Bybit has released a free AI-powered trading assistant that delivers insights from the platform’s market data. origin »
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Shibarium hits 1M wallets amid meteoric growth, SHIB yet to catch up.
Shibarium network activity has soared despite the price of SHIB falling more than 20% since the tumultuous launch of the layer-2 network. origin »
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Bitcoin flatlines again, but TON, LINK, MKR, XTZ are poised for up-move.
Bitcoin’s failed breakout to the upside shows that the range-bound action could continue for some time, but that may not hinder the bullish possibilities in TON, LINK, MKR, and XTZ. origin »
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Weekly close risks BTC price ‘double top’ — 5 things to know in Bitcoin this week.
Bitcoin battles $26,000 with BTC price action at a crucial decision point heading into the first week of September.
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Australian lawmakers reject Andrew Bragg’s crypto bill.
Australia’s bill on digital asset market regulation has faced a series of delays, and now the Committee on Economics Legislation has recommended the bill not pass. origin »
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99% of Nigerians are crypto aware — ConsenSys report.
A survey featuring respondents from all seven continents suggests that Nigeria has the most crypto-aware population globally.
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Court rules in favor of HelbizCoin investors; class action to go ahead.
A U.S. federal court has upheld claims by HBZ investors that the company acted fraudulently and also asserted that its token violated securities laws. origin »
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Vitalik Buterin on fix for Ethereum centralization — make running nodes easier.
Ethereum co-founder Vitalik Buterin says node centralization is one of Ethereum’s main challenges, but the perfect solution may not come for another 20 years. origin »
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BTC bull market began in March, more will realize in a year — Arthur Hayes.
The BitMEX co-founder says Bitcoin has been on a bull run since the Fed’s $25 billion dollar program aimed at stabilizing the U.S. banking system. origin »
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Japanese regulator seeks to scrap “unrealized gains” tax on crypto.
The Japanese Financial Services Agency has proposed changing the tax code around digital assets to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto. origin »
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South Korean Hana Bank enters crypto custody business with BitGo.
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.
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Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams.
Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch. origin »
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OKX crypto exchange enters final stage of Hong Kong VASP license application.
Hong Kong regulators have only approved a handful of crypto exchanges to date that are permitted to offer crypto retail trading services. origin »
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South Korea plans to submit bill to freeze North’s crypto assets: Report.
The cybersecurity bill’s latest version reportedly contains ways to “track and neutralize” crypto and digital assets stolen by North Korea, according to a local media report. origin »
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MetaMask scammers take over government websites to target crypto investors.
Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites. origin »
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Micro $3 Bitcoin miners won’t make bank, but that’s not the point: Inventors.
Pocket-sized Bitcoin miners are a stand against the “secrecy and exclusivity” of the Bitcoin mining industry, according to their inventors. origin »
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Crypto is in ‘arms race’ against AI-powered scams: Quantstamp co-founder.
Quantstamp’s Richard Ma explained that the coming surge in sophisticated AI phishing scams could pose an existential threat to crypto organizations. origin »
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Solana YTD inflows suggest it’s the ‘most loved altcoin’ — CoinShares.
Solana has seen steady inflows over the last nine weeks, even as other crypto investment products have faced outflows over a similar period. origin »
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Crypto gambling site Stake sees $41M withdrawn in confirmed hack.
Unusually large withdrawals were reportedly made from Stake to an account with no previous activity, with funds stolen including Tether and Ether. origin »
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Global Standard Setters to Deliver Global Crypto Policy Roadmap.
The Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend's G20 summit. origin »
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Is it the right time for Bitcoin to jump above $30k again?.
Bitcoin and EUR/USD have a direct correlation If EUR/USD makes a new high for the year, Bitcoin should follow Elliott Waves points to a move back above 1. 10 for EUR/USD It has been a struggling summer for Bitcoin investors as the US dollar strengthened. origin »
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The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes.
The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week. origin »
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Bitcoin Bulls Face Setback as Monthly Stochastic Indicator Turns Lower: Analyst.
At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastic, a signal that has previously marked market peaks. origin »
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Multibillion Dollar Oracle Tool Chronicle to Expand Outside of MakerDAO Ecosystem.
Chronicle is said to safeguard over $5 billion in assets held on Maker by ensuring pricing data is in line with the general market. origin »
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Binance head of product quits as executive exodus continues.
Binance product lead Mayur Kamat says he is passing the baton to “next-gen leaders” to take some time off after years of product work. origin »
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Indian central bank-backed NPCI begins blockchain recruitment.
Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees. origin »
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London Stock Exchange to create traditional assets trading platform on blockchain.
The LSE Group has been exploring how blockchain can improve traditional asset trading, according to an executive.
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Bank of China: Platforms must provide digital yuan retail payment option.
In the short term, e-commerce platforms can integrate the CBDC through QR codes.
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Artbitrum founder says Stylus is a game changer for EVMs.
The Arbitrum-building Offchain Labs co-founder Ed Felten said its new tool would allow more seasoned devs to build EVMs, possibly making them safer. origin »
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Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo.
The firm plans to use the funding to grow internationally and develop the company’s financial engineering platform. origin »
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Crypto casino Stake reopens withdrawals just 5 hours after $41M hack.
The online crypto casino reported unauthorized transactions from its hot wallets on Sept. 4 with blockchain security firms estimating at least $41 million pilfered from hackers. origin »
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The UK releases key ambitions for global AI summit.
The officials in the U.K. released their priorities for the upcoming global AI summit, during which they plan to focus on risk and policy. origin »
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