Monthly archives: August 2024

Embattled crypto platform WazirX has entered an initial 30-day moratorium following a $234 million hack in July, pending a decision by Singapore’s High Court on whether to grant an extension, according to an Aug. 28 statement. This development arose as rival platform CoinSwitch announced its intention to pursue legal action to recover approximately $9.6 million …

Continue reading “WazirX embarks on 30-day moratorium as rival seeks to recover around $10 million in stuck funds”

OpenSea CEO Devin Finzer announced that the firm received a Wells Notice from the US Securities and Exchange Commission (SEC) because the regulator considers the NFTs on its platform securities. In an Aug. 28 statement on X, Finzer expressed surprise at the SEC’s broad action against creators and artists. He stated: “We’re shocked the SEC …

Continue reading “OpenSea CEO vows to fight SEC’s NFT crackdown with $5 million defense fund”

Ethereum co-founder Vitalik Buterin sees crypto airdrops as a promising initial use case for blockchain-based identity frameworks. In an Aug. 28 post on X, Buterin outlined the goals of airdrops as distributing tokens to genuine community members, rewarding project contributions, and ensuring fairness. He suggested that projects could leverage ZK-based identity, credential, and attestation frameworks …

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Quick Take In late July, significant developments in the US political landscape coincided with notable digital asset market fluctuations. On July 21, President Joe Biden announced he would not seek re-election, setting off a wave of uncertainty. Bitcoin, trading around $68,000 at the time, saw a swift decline to $63,000 within two days. As the …

Continue reading “Global conflicts and censorship issues add to crypto market turbulence”

Haru Invest CEO Hugo Hyungsoo Lee was attacked during his ongoing fraud trial at the Seoul Southern District Court, local media outlet Digital Asset reported on Aug. 28. According to the report, a man identified as “Kang” stabbed Lee multiple times in the neck with a concealed 5 cm knife. While courtroom guards quickly subdued …

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Quick Take As the options expiry for Bitcoin (BTC) approaches on Aug. 30, significant market activity is anticipated, especially with a large volume of options set to expire. For Bitcoin, approximately $3.6 billion of notional value is set to expire, with a total open interest of 60,316 BTC. The put-to-call ratio stands at 0.61, indicating …

Continue reading “Bitcoin options highlight bullish sentiment towards $90,000 by September”

Coinflip has officially launched its digital currency kiosks, otherwise known as automated teller machines (ATMs), in Mexico, marking its second expansion in North America. The latest expansion follows the company’s entry into the Canadian market in 2022. Coinflip Introduces Digital Currency Kiosks in Mexico Coinflip, a U.S.-based digital currency platform, has introduced its crypto ATM …

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The crypto market is heating up as PlayDoge (PLAY) nears the end of its presale. This new meme coin has raised over $6.3 million and is attracting investors’ attention with its Play-to-Earn (P2E) angle. With just one day left to participate in the presale, investors are jumping at the chance to buy PLAY tokens while …

Continue reading “New Crypto Launch to Watch: PlayDoge Goes Live Tomorrow, Last Chance to Invest”

A recent report from Cryptoquant reveals that comments by Federal Reserve Chairman Jerome Powell sparked a surge in U.S. bitcoin demand last week, though overall global demand remains weak. The report highlights the mixed signals in the market following the Fed’s announcement. Analysis Says Weak Global Bitcoin Demand Persists Cryptoquant‘s report details how bitcoin’s price …

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On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin counterparts. $127M Withdrawn From …

Continue reading “ARKB Divests $101M Amid $127M Outflow From Bitcoin ETFs”

Logos is a fully decentralized, privacy-preserving, and politically neutral technology stack that provides the necessary support for self-sovereign virtual territories. The stack includes three modular, blockchain-based protocols: Nomos (consensus), Codex (storage), and Waku (messaging). Combined, they provide the technical foundation for cyber states, parallel societies, network states, or any borderless public institution based on voluntary …

Continue reading “How Logos Is Onboarding Early Supporters Onto Its Network State Technology Stack With a Bitcoin Ordinals Collection”

Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through a scheme of arrangement. The Singapore court will determine the duration of …

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Swedish public company Hilbert Group’s asset management division has partnered with Xapo Bank to launch a bitcoin-denominated hedge fund in September. The fund is expected to attract over $200 million in initial investments from Xapo Bank and other investors this year. Hilbert Group Partners With Xapo Bank to Launch Bitcoin Hedge Fund Hilbert Group AB, …

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