Two crypto companies, Coinbase and Revolut, suffered contrasting fortunes in the hands of the UK authorities during the past week. Coinbase fined The UK’s Financial Conduct Authority (FCA) fined CB Payments Limited (CBPL), a subsidiary of Coinbase Group, £3.5 million ($4.5 million) for breaches related to Anti-Money Laundering. In a July 23 notice, the FCA …
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Bitcoin maintained stability at around $64,000 after the recent economic data showed that the US GDP Growth Rate for Q2 increased by 2.8% QoQ, surpassing the previous quarter’s growth of 1.4% and the consensus forecast of 2%. This stronger-than-expected economic growth signals a robust recovery, potentially influencing investor sentiment positively toward assets like Bitcoin. However, …
Continue reading “US GDP growth beats expectations at 2.8% as Bitcoin dips below $64,000”
Yona Network, a Solana Virtual Machine (SVM) Bitcoin Layer 2 network, has adopted Neon Stacks to introduce Ethereum Virtual Machine (EVM) compatibility to the Bitcoin network. According to a July 25 statement shared with CryptoSlate, this collaboration aims to drive innovation in the Bitcoin DeFi ecosystem while enhancing accessibility and scalability for decentralized applications (dApps) …
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The crypto market declined by around 5% in the last 24 hours, aligning with a significant drop in major US stock shares, which sent global markets downward. Bitcoin’s price fell almost 3%, falling from $67,000 to around $64,000, while Ethereum experienced an even steeper decline, dropping nearly 8% from $3,400 to about $3,100. Other major …
Auradine has begun shipping its new Teraflux 2800 series bitcoin mining platforms. The company claims these systems, built with 3-nanometer (nm) silicon application-specific integrated circuit (ASIC) technology, set new standards in performance, efficiency, and resilience. New Auradine Teraflux Miners Boast Record Efficiency and Resilience According to Auradine’s announcement shared with Bitcoin.com News, the Teraflux series …
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HSBC Australia has announced that it will block all customer payments to cryptocurrency exchanges via credit or debit cards, starting from July 24, 2024. The bank cites the high-risk nature of such transactions as the primary reason for this decision. HSBC Australia claimed scammers frequently exploit cryptocurrency exchanges, making it challenging to recover stolen funds. …
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Indian crypto exchange Wazirx has provided an update on its progress to enable users to withdraw funds and resume trading on its platform following a cyberattack that caused a loss of over $230 million. “Our preliminary investigation reveals no evidence of compromise on our signers’ machines. We are continuing to explore all possible sources of …
A new crypto is going viral, and it’s got a pretty hilarious name: WienerAI (WAI). With just six days left in its presale, the crypto community is taking notice. And some experts even believe WAI’s price will explode when it makes its long-awaited exchange debut. WienerAI Offers Unique Combo of Meme Coins & Artificial Intelligence …
With bitcoin prices declining by 3.7% in the past 24 hours, a dormant bitcoin wallet, created on May 20, 2013, or just over 11 years ago, moved 750 BTC, valued at roughly $48 million at current exchange rates. Vintage Bitcoin Wallet From 2013 Transfers 750 BTC Amid Market Dip On Thursday, a wallet that began …
Marathon Digital Holdings, now known as MARA, has announced a strategic shift to hold all its bitcoin, pushing its current holdings beyond 20,000 BTC. The company has also made a $100 million purchase of bitcoin as part of its new treasury policy. Marathon Digital Rebrands to MARA, Boosts Bitcoin Holdings MARA (Nasdaq: MARA), a leader …
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Based on recent data, after a period of inflows, nine U.S. spot ethereum exchange-traded funds (ETFs) experienced withdrawals totaling $133.16 million on Wednesday. The majority of these withdrawals came from Grayscale’s ETHE, which saw a significant $326.86 million in outflows on July 24. Wednesday Sees $133M Exit U.S. Ethereum ETFs, Grayscale’s ETHE Major Driver U.S. …
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The chief investment officer (CIO) of digital asset management titan Bitwise is expecting to see more crypto-based exchange-traded funds (ETFs) in the market. In an interview on Bloomberg Television, Matt Hougan shares his optimism for the “ETF era of crypto” following the launch of the Bitwise Ethereum (ETH) ETF. He says the financial product saw …
Digital assets-focused investment firm Pantera Capital is highlighting key reasons for why they believe the altcoin market is depressed. In its latest Blockchain Letter, Pantera Capital portfolio manager Cosmo Jiang says that macroeconomic conditions are hurting the crypto market along with fears over a supply overhang and an increase in altcoin projects. Jiang also says …
A-list celebrities including Tom Brady and Larry David were sued for endorsing disgraced crypto exchange FTX. What happened to the lawsuits? Rember the 2022 Superbowl? The Rams beat the Bengals by 3 points, Dre, Snoop Dogg, and Eminem rocked the halftime, and various celebrities showed up in premium commercials to shill for Sam Bankman-Fried’s FTX. …
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The investment giant Franklin Templeton says it is actively monitoring five areas of the Bitcoin (BTC) ecosystem. The asset management firm says it is enthusiastic about Bitcoin developments following the approval of BTC exchange-traded funds (ETFs) earlier this year. In particular, Franklin Templeton is monitoring Bitcoin layer-2s, restaking/native yield primitives, ordinals, decentralized finance (DeFi)/runes and …
