Markets
Quarterly Cryptocurrency Hacks and Exploits: Over $300 Million Lost in Q2 2023
According to blockchain security firm CertiK's quarterly report, the second quarter of 2023 saw over $300 million in digital assets lost to cryptocurrency hacks and vulnerabilities.Cornell RachelPremature Move: Nigerian Cryptocurrency Tax Decision Criticized by Local Stakeholder
The implementation of Nigeria's Finance Act 2023, which includes a provision for a 10% tax on gains from the disposal of digital assets,James DeanBittrex Faces Potential Enforcement Action in Florida Amid Bankruptcy Concerns
The Florida Office of Financial Regulation (OFR) is considering taking action against Bittrex, a US cryptocurrency exchange that filed for Chapter 11 bankruptcy protection in May.Christopher SmithThreads: Meta's Twitter Competitor Launches July 6th, Will the Crypto Community Embrace it?
Meta, the parent company of Instagram, is set to launch its new Twitter competitor, Threads, on July 6.Sherry CantwellDBS Bank Embraces Crypto: Introduces Cutting-Edge Digital Yuan Trading Tool
DBS Bank, a cryptocurrency-backed bank, is introducing a new solution for its clients in mainland China related to the digital yuan, also known as e-yuan.Craig GreenBinance US Market Share Plummets Below 1% Amid Regulatory Lawsuit
According to data from Kaiko, US cryptocurrency exchange Binance.US has reportedly experienced a significant decline in its market shareCornell RachelDHS Returns $314,000 in Recovered Funds from Bitfinex Hack
Bitfinex, a cryptocurrency exchange, announced on July 6 that it had received $312,219.71 in cash and $6.917 in Bitcoin Cash from the US Department of Homeland Security iChristopher SmithBitcoin Bull Market Ahead: Binance CEO Reveals Timing
During a Twitter "Ask Me Anything" session on July 5, Binance CEO Changpeng Zhao, known as CZ, shared his thoughts on the next bull market and addressedSherry CantwellBitcoin Miners Rake in $184M in Q2, Surpassing 2022's Total
The second quarter of 2023 is expected to bring significant earnings for Bitcoin miners, with transaction fees alone projected to reach $184 million. TCraig GreenUS Cryptocurrency Regulation Uncertainty Boosts Hong Kong's Appeal
Experts in the industry believe that Hong Kong's evolving stance on blockchain technology, cryptocurrencies, and Web3 has the potential to attract businessesChristopher SmithBlackRock Spot Bitcoin ETF Partners with Coinbase for Unmatched Performance
Documents recently revealed that asset manager BlackRock's attempt to launch a spot bitcoin exchange-traded fund (ETF) includes a "monitoring sharing agreement" with cryptocurrency exchange Coinbase.James DeanElon Musk Takes Action: 'Rate Limits' Introduced on Twitter to Counter System Manipulation and Foster Fairness
Elon Musk, the Executive Chairman, revealed that Twitter is imposing temporary limits on the number of posts users can read each day due to the occurrence of "extreme levels of data scraping and system manipulation."Wayne IngramUnleashing Chaos: AI-Generated Fake News Sparks Speculation of Gary Gensler's Resignation
Rumors regarding the resignation of SEC Chairman Gary Gensler are resurfacing, but this time, it seems that artificial intelligence is behind the dissemination of false information.James DeanLandmark Legal Battle: 3AC Liquidators Pursue Recovery of Staggering $1.3 Billion from Founders
Teneo, the liquidator handling the bankruptcy of hedge fund Three Arrows Capital (3AC), is reportedly aiming to recover approximately $1.3 billion from the fund's founders, Su Zhu and Kyle Davis.Cornell RachelGame-Changing Move: New Exchange EDX Embraces Anchorage's Custody Service, Replacing Paxos
EDX, a recently launched cryptocurrency exchange with backing from established financial giants like Citadel Securities, Fidelity Digital Assets, and Charles Schwab, is reportedly making preparations to switch its custody provider.Hallie GillARK Invest Raises the Stakes in the Bitcoin ETF Race with New Monitoring Protocol Integration
ARK Investment Management has revised its spot Bitcoin exchange-traded fund (ETF) filing with the US Securities and Exchange Commission (SEC), following a similar move by BlackRock.Martha GrizzardUK Cryptocurrency Bill Poised for Success as Final Stage Approaches
The Financial Services and Markets Bill, which aims to bring cryptocurrencies under the same regulations as traditional assets in the UK, is entering the final stages of royal assent.Sherry CantwellUnleashing the AI Revolution: Google's Game-Changing 'Gemini' Set to Surpass ChatGPT in Power and Performance
The CEO of DeepMind, Google's artificial intelligence (AI) subsidiary, has claimed that their upcoming AI system, Gemini, will surpass OpenAI's ChatGPT in terms of power.Barry StidhamBinance Faces Regulatory Roadblock: German Regulator Rejects Crypto Custody License
Reports indicate that Germany's Federal Financial Supervisory Authority (BaFin) has rejected Binance's application for a cryptocurrency custody license.Craig GreenTreasury Warns Against Debunking Cryptocurrency: Potential Underground Shifts in the Industry
The Australian Department of Finance has expressed concerns about the increasing trend of Australian banks severing ties with cryptocurrency companies, stating that it could lead to a reduction in industry transparency.Christopher Smith
