German authorities seized nearly 250,000 euros ($279,000) in cash and 13 crypto ATMs during a nationwide crackdown. The operation, led by the Federal Financial Supervisory Authority (BaFin), is part of a broader effort to strengthen regulatory oversight in the country’s rapidly expanding cryptocurrency sector. Germany’s Raid on Crypto ATMs On August 20, German administrators executed […]
The US Securities and Exchange Commission has contested Hex founder Richard Heart’s attempt to dismiss its $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. In its opposition brief, filed in a New York federal court on August 22 but dated July 8, the SEC contended that Heart’s motion to dismiss fails to […]
After a relatively weak period of trading sideways for days and days, bitcoin’s price went on the offensive on Friday evening and Saturday morning and tapped $65,000 for the first time since early August. Some of the most probable reasons behind this $5,000 daily surge seem to be connected to the US central bank and […]
Artificial intelligence has been one of the hottest topics in the cryptocurrency industry (and well beyond it) for more than a year now, and many teams are looking for ways to leverage their tech stack and build off of AI. Charles Hoskinson, the founder of Cardano, recently took to X to share his thoughts on […]
TL;DR TRX surged to over $0.16 earlier this week, becoming the 11th largest cryptocurrency, likely boosted by activity from the SunPump protocol. The token’s price is gradually approaching its all-time high, with further growth dependent on market conditions and potential partnerships. TRX’s Impressive Rally TRX – the native token of Tron – has been among […]
The Malaysian police are destroying Bitcoin mining rigs as part of a broader crackdown on crypto miners who steal electricity for their operations. A report from local media, Malaysia Gazette, disclosed that the police headquarters in the Perak District crushed 985 mining rigs worth RM1.98 million ($452,500) earlier this week. A video on the platform’s […]
The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis, […]
The United States’ most popular independent candidate for President has officially placed his political support behind Donald Trump in the 2024 Presidential election. His endorsement places two of three leading Presidential candidates who are explicitly pro-Bitcoin on the same political team. Why RFK Has Endorsed Trump Kennedy said that the Trump campaign had offered him […]
Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among X users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM) […]
Around 18,400 Bitcoin options contracts are due for expiry on Friday, August 23. They have a notional value of around $1.1 billion. Today’s options expiry event is a little smaller than last week’s, so its impact on spot markets is likely to be limited. The much larger month-end expiry event next week has a notional […]