crypto
* FedNow launched in July 2023, aimed to disrupt crypto but failed. * Crypto market cap increased by 59% since FedNow's launch. * FedNow's features overlapped with blockchain value propositions. * FedNow didn't displace most crypto assets, including XRP. * XRP community lost hope in FedNow's impact
activity
* An extraordinary reveal: Mining was never banned in China. * Chinese miners lead in innovative Bitcoin mining despite reports of a ban. * China only suspended mining, not banned it, as revealed by investigative reporting. * Chinese policy document cited as evidence for ban actually imposed a moratorium. * Bitcoin mining in China continues,
bitcoin
* Bitcoin's decline post-halving resembles 2016 bull run, says trader Peter Brandt. * Recent slump mirrors 2015-2017 cycle, with 26% decline from post-halving price. * Analysts warn of further drops as BTC falls below $50,000. * US Bitcoin and Ether ETFs see $6 billion in trading volume amid market turmoil. * Fear
coinbase
* SEC accuses Coinbase of overly broad subpoena requests for Chair Gensler's records. * Coinbase seeks Gensler's personal communications for defense in SEC trial. * SEC calls Coinbase's subpoena a "blatant impropriety." * Judge Failla orders pre-trial conference to address discovery dispute. * Failla rejects Coinbase'
australia
* Australian stablecoin startup Stables expands to Europe with Mastercard partnership. * Stables users can use USDC for purchases in 27 European countries. * Stablecoins gaining mainstream adoption beyond crypto enthusiasts. * Stablecoin transaction volumes surge in 2023 for trading and payments. * Australia seen as ideal regulatory "sandbox" for crypto firms. * Stables
bitcoin
* The German government received $420 worth of Bitcoin post $3 billion sell-off. * Transactions included messages referencing Adolf Hitler, Elon Musk, and expletives. * German government used OP_Return for symbolic messages, receiving $0.88 from Hitler-themed wallet. * Some transactions used vanity addresses with human-readable words like Elon Musk's name.
bitcoin
* Metaplanet Inc. stock price surged 25.8% after buying $1.26 million worth of bitcoin. * The Tokyo-listed company now holds 225.611 BTC, valued at $14.2 million. * Metaplanet started adopting bitcoin as a strategic treasury reserve asset in May. * The latest purchase of 21.877 BTC follows previous acquisitions
bitfinex
* Plaintiffs accuse Tether and Bitfinex of manipulating crypto prices through USDT scheme. * Allegations include fraudulent price inflation and unbacked USDT issuance. * Violation of CEA and Sherman Antitrust Act claimed by Plaintiffs. * Amended complaint filed in SDNY, third in ongoing class-action lawsuit. * Defendants deny allegations, citing lack of evidence supporting claims.
coinbase
* Coinbase narrows subpoena to SEC Chair Gensler's communications during his tenure. * Judge Failla raised concerns about accessing Gensler's private chats before his SEC Chair role. * Coinbase to file motion to compel by July 23, SEC to respond by Aug. 5. * SEC sued Coinbase in June 2023
bitcoin
* The Law Commission of the UK suggests integrating DAOs into existing financial regulations and tax frameworks. * Regulatory challenges exist due to the diverse nature of DAOs and their adaptation to local laws. * Review of trust law and Companies Act 2006 proposed for oversight of DAOs. * International cooperation urged for establishing
blockchain
* Partior, a joint venture between DBS, JPMorgan, and Standard Chartered, raised $60 million for blockchain-based interbank payment rails. * Morgan Creek plans to raise $500 million for a new fund targeting AI, blockchain, chips, and data. * Portal introduces PortalPay service to lower barriers in blockchain gaming by providing interoperability for in-game
bankruptcy
* FTX creditors can choose cash or crypto payout at market value. * Judge approved voting plan for creditors on June 25. * Creditors dissatisfied with proposed 118% cash return plan. * Vote aims to gather feedback from FTX customers. * Creditors have until Aug. 16 to vote on the plan. * FTX has recovered $11.