Over-the-counter (OTC) crypto desks in China are reportedly attracting tens of billions of dollars from investors despite the nation’s crackdowns on the digital assets industry. Citing data from crypto analytics firm Chainalysis, Bloomberg reports that the OTC brokers in China have lured in $75 billion worth of funds in the last nine months. In 2021, …
Monthly archives: September 2024
EOS Network Significantly Upgrades With One-Second Transaction Finality
September 25, 2024 – Alberta, Calgary The EOS Network announces the successful completion of its landmark upgrade to Spring 1.0. This upgrade has introduced the Savanna consensus algorithm, marking a new era in performance, reliability and speed on the network. By enhancing transaction finality to one-second, EOS has achieved a more than 100-fold improvement over …
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Citibank Says Family Office Interest in Crypto Assets Continues To Increase, Especially in One Region
Interest in crypto assets by family offices is on the rise, according to a survey conducted by the fourth largest bank in the US by total assets, Citibank. Citibank’s Global Family Office 2024 Survey Report says that around 25% of the family offices that participated “had already invested or were planning to invest in digital …
Open source Zero Knowledge Proofs now available on Bitcoin via BitSNARK
BitcoinOS (BOS) has open-sourced BitSNARK, a zero-knowledge proof (ZKP) verification protocol enabling zk-SNARKs to operate on the blockchain without altering its core protocol. This development introduces one of the first working ZKP systems on Bitcoin’s mainnet, potentially transforming its privacy, scalability, and smart contract functionality capabilities. BitSNARK allows direct verification of zk-SNARK proofs on the …
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BlackRock’s head of digital assets says Bitcoin is risky, but still a ‘risk-off’ asset
BlackRock head of digital assets Robbie Mitchnick believes the crypto industry has made a marketing blunder when it comes to Bitcoin (BTC). Mitchnick said during an interview with Bloomberg that Bitcoin is a risky asset, but calling it a “risk-on” asset is a mistake akin to an “own goal.” A risk-on asset, like stocks, is …
Circle aims to own crypto compliance space while Tether questions ‘price’ of current regulation
Circle has launched Compliance Engine, a tool designed to help businesses meet regulatory requirements through customizable, automated compliance checks. The feature is integrated within Circle’s infrastructure, eliminating the need for separate third-party solutions and streamlining the compliance process for companies operating in the digital asset space. As businesses navigate the complexities of evolving regulations, Compliance …
Bitcoin mining does not use 8% of global electricity although US talk show hosts think so
On a recent episode of “Real Time with Bill Maher,” Maher claimed that crypto consumes 8% of global electricity, likening its impact to adding 15.7 million gas-powered cars to the road. Maher argued that crypto mining negates progress made in green energy, stating, “All the progress that we’re making with green energy is being sucked …
BlackRock records $158 million inflows across Bitcoin and Ethereum ETFs
On Sept. 24, Bitcoin ETFs recorded a substantial inflow, totaling $136 million, driven primarily by BlackRock’s IBIT ETF, which saw an inflow of $98.9 million, marking the most significant movement of the day. Bitwise’s BITB ETF added $17.4 million, while Fidelity’s FBTC contributed $16.8 million. Grayscale’s smaller BTC ETF reported a modest inflow of $2.9 …
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AI-Focused Cryptos Outshine the Pack This Week, Bittensor Tops Gains
This past week, the digital asset market experienced a broad upward trend, with the artificial intelligence (AI) crypto sector standing out as the top performer over the last seven days. This week, the AI-driven crypto sector climbed 30.59% against the U.S. dollar, with bittensor (TAU) leading the charge. TAU Surges, AI Crypto Market Hits $23.49B …
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Citrea Launches Testnet to Enable Bitcoin-Based Decentralized Applications
Citrea has launched its public testnet, creating a solution to allow Ethereum Virtual Machine (EVM) developers to access Bitcoin’s blockspace. The team believes this is testnet marks a significant step toward using Bitcoin as a settlement layer for decentralized applications (apps). Citrea Launches Testnet to Bring Decentralized Finance to Bitcoin Citrea‘s testnet is live on …
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Top 3 Meme Crypto Price Predictions for October: Floki, First Neiro on Ethereum, Popcat
Everyone is waiting to see what Floki, First Neiro on Ethereum, and Popcat will do next. These three meme coins have received enormous attention lately, and investors are curious if their prices are about to rally again. In this article, we’ll provide some price predictions for these coins – and see if they’re worth the …
Sky Adviser Recommends Halting Wrapped Bitcoin Offboarding
BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo’s CEO Mike Belshe and a vote from Sky community members. Sky Adviser BA Labs Recommends Pausing WBTC Offboarding Changes BA Labs’ decision …
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Blackrock’s Bitcoin and Ether ETFs Lead Inflows Amidst Strong Trading Day
According to the latest numbers, U.S. spot bitcoin exchange-traded funds (ETFs) raked in $135.95 million in inflows on Tuesday. Meanwhile, spot ether ETFs were not left behind, attracting $62.51 million in new capital. U.S. Bitcoin ETFs Reap $135M Inflows, Ether Funds Close Behind with $62M It was a solid day for U.S. spot bitcoin and …
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Ugandan Fintech Firm Gets Funding From Dutch Impact Investor
Ugandan fintech firm Agent Banking Company (ABC) receives undisclosed investment from Dutch impact investor Goodwell Investments. The funding, part of Goodwell’s $167M African startup fund, will expand ABC’s customer base, agent coverage, and services. CEO Richard Jabel says the investment will enhance financial inclusion and services accessibility via mobile phones, agents, and merchants. Affordable Financial …
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SEC Needs To End War on Crypto and Return to Being a Constructive Regulator, Says Commissioner: Report
One of the top officials at the U.S. Securities and Exchange Commission (SEC) thinks the regulator needs to change course in terms of the way it approaches crypto. SEC Commissioner Mark Uyeda tells Fox Business that hasn’t laid out adequate rules to spur innovation in the sector. “We have not provided the rules of the …