Sat, July 25

U.S SEC Mandates Stringent Cybersecurity Reporting for Crypto Firms

Listed corporations, including crypto enterprises, are required by the U.S SEC to report annually on their “cybersecurity risk management, strategy, and governance.” In an effort to strengthen the relationship between investors and public corporations. The new regulation mandates that businesses report any “material” cybersecurity issues within four business days.  Organizations

July 28, 2023 2 mins read

Sequoia Capital Shrinks Crypto Fund from $585M to $200M

Venture capital powerhouse Sequoia Capital is said to have reduced the size of its cryptocurrency fund from $585 million to $200 million. The tech-focused VC company reportedly informed investors in March that it will cut the size of its Sequoia Crypto Fund and ecosystem fund to better reflect shifting market

July 28, 2023 1 min read

ECB Raises Interest Rates by 0.25% Amid Inflation Concerns

Investors are wondering whether today’s announcement of a 0.25% hike in the European Central Bank’s benchmark interest rate is the final one of the year despite persistently high inflation. Since last summer, the ECB has tightened policy by 400 basis points, the most rapid pace in the bank’s history. With

July 27, 2023 2 mins read

Bitcoin Whales Move BTC to Binance; Dump Incoming?

Being the most popular cryptocurrency, Bitcoin (BTC) has set its back soaring higher compared to the previous year. As per the reports of the whale alert, a huge number of whales are activated transferring Bitcoin, on Thursday with a transaction fee of 0.00002938 BTC worth 0.86 USD.  🚨 🚨 🚨

July 27, 2023 2 mins read

Crypto Asset Funds Experience Outflows Ahead of Fed Meeting

According to a report by CoinShares, crypto asset investment products saw outflows for the first time in five weeks, after four weeks of inflows from institutions totaling $742 million. The entire outflow from crypto asset investment products was $6.5 million. As investors sell off their Bitcoin holdings, they wonder whether

July 24, 2023 2 mins read

Custodia Bank CEO Criticizes Fed Over FedNow Exclusion

Caitlin Long, CEO of Custodia Bank, asserts, “The law is very clear,” with the exception of the Fed’s involvement. She noticed Amsterdam-based Adyen among the first group of 35 financial institutions that were granted access to the new 24-hour payment system FedNow on Thursday. The financial technology business got a

July 23, 2023 1 min read

El Salvador’s Bonds Witness Whopping 60% Gains This Year

El Salvador was the first nation to recognize Bitcoin (BTC) as legal cash, and this year the country’s bonds have seen gains of 60%, second only to Bitcoin’s 80%. The unexpected interest in the country’s national debt indicates a dramatic change in outlook towards the economy. A year ago, El

July 22, 2023 1 min read

Nigerian Social Payments App Bundle Shuts Down Crypto Services

Bundle, a social payments app popular in Nigeria, has announced it would be discontinuing its cryptocurrency exchange service. As part of the shareholders’ decision to reorganize the firm to concentrate on Cashlink, Bundle announced on its blog on July 20 that it will halt operations of its exchange services. The

July 22, 2023 1 min read

British Court Accepts Craig Wright’s Appeal in Bitcoin Copyright Lawsuit

On July 20, a British court accepted an appeal and allowed Craig Wright the ability to present evidence in court to support his claim that the Bitcoin file format is sufficiently well-defined to be protected by copyright. Wright, who has claimed to be Bitcoin’s creator since 2016, filed a lawsuit

July 22, 2023 1 min read

Whale Bitcoin Address Activated After 11 Years as BTC Stays Below 30K!

Earlier on Saturday, an inactive Bitcoin holder transferred a huge BTC after a decade. The transaction is recorded with 0.0000753 BTC worth 2.25 USD on Whale Alert, a crypto analyzer. 💤 💤 💤 💤 A dormant address containing 1,037 #BTC (31,080,234 USD) has just been activated after 11.3 years!https://t.co/6cW9vnTOhD —

July 22, 2023 1 min read