Bitcoin exchange inflows, defined as the total amount of Bitcoin delivered to exchanges, have declined sharply since early August, notwithstanding transfers from the Mt. Gox bankruptcy estate and concerns of a US government sell-off. Almost 94,000 Bitcoin were delivered to exchanges on August 4, followed by about 49,000 Bitcoin on
August 23, 2024 1 min read
Two new projects will be launched by Fully Homomorphic Encryption (FHE) Layer 2 Fhenix to hasten the adoption of its expanding ecosystem as per the latest announcement. For developers and projects interested in using Fhenix L2, twin grant and bounty programs have been established to provide incentives and assistance. To encourage researchers to
August 22, 2024 2 mins read
Investors in the cryptocurrency market have taken notice of the latest declaration from top stablecoin issuer Tether. The USDT issuer recently announced plans to create and release a stablecoin linked to the UAE dirham in an X post. Taking advantage of the increasing use of blockchain technology in the Middle
August 21, 2024 2 mins read
Decentralized compute network io.net and Chainbase, the AI-specialized omnichain data network, have established a strategic alliance. The two are currently exploring a number of synergies as they work toward the same goals of developing decentralized AI and data stacks and enhancing AI modeling. The distributed network of io.net, dubbed the Internet
August 20, 2024 2 mins read
New steps to address anti-money laundering regulations have been announced by China’s Supreme People’s Court and Supreme People’s Procuratorate. The legal interpretation sets very stringent standards for the prosecution of offenses relating to money laundering as of August 20, 2024. The primary goal of the new regulations is to prevent
August 20, 2024 1 min read
Bitwise, an investment asset manager, has made a significant purchase that would elevate its exchange-traded fund (ETF) operations. This week began with the announcement that the company will be acquiring ETC Group, a London-based digital-assets issuer. Meanwhile, the details of the purchase agreement are still unknown. According to Bloomberg, Bitwise
August 19, 2024 1 min read
Crypto market was rather dull on Sunday, with minimal volumes and brief rebounds recorded by most cryptocurrencies. Bitcoin’s price is stuck in a tight range. Despite making steady progress toward the $60,000 barrier, BTC is still quite volatile. The price of XRP remains low at $0.57, even if there has
August 19, 2024 1 min read
Bitcoin naysayer Peter Schiff recently voiced his disapproval of the US’s present high inflation rates. Saying that policies put in place before Biden was president are to blame. Since the consequences of Biden’s actions will not be realized for at least a few more months. Schiff pointed out that there
August 19, 2024 2 mins read
The Shiba Inu ecosystem’s Shibarium is undergoing a massive transformation. The creators of the memecoin project have finally released the ShibTorch, a gateway for the automated burning of SHIB, after months of conjecture. The deployment of the auto burn function is one of the long-term pledges made by the ecosystem
August 17, 2024 2 mins read
A number of prominent cryptocurrency exchanges, including KuCoin and Coinbase, have recently filed for crypto licenses in Turkey. Since August 9, when 47 exchanges, including Binance and OKX, among others, filed for the license, 29 more crypto exchanges have applied, according to the most recent update from Turkey’s Capital Markets
August 17, 2024 1 min read