Low degree of leverage in the market means reduced price volatility. Bitcoin has been listless in the range of $29,500 to $32,000 in the past four weeks. At press time, the cryptocurrency changed hands at $29,790, representing a 1% loss for the day (UTC), CoinDesk data show. Original
Former FTX CEO Sam Bankman-Fried has agreed to a “gag order” which will prevent him from making comments to third parties that may interfere with his trial — but argues it should apply to all potential witnesses as well, including current FTX CEO John Ray. The gag order against Sam Bankman-Fried was initially requested on July 20, when the U.S. government accused the FTX founder of attempting to interfere with a fair trial by publicly discrediting former business partner and witness Caroline Ellison in an interview with the New York…
“In the age of AI, the need for proof of personhood is no longer a topic of serious debate; instead, the critical question is whether or not the proof of personhood solutions we have can be privacy-first, decentralized, and maximally inclusive,” Worldcoin co-founder Alex Blania said in a press release. Source
Legislative Council member Johnny Ng is courting crypto exchanges to get licensed in the city as the U.S. drives digital asset firms offshore. Source
South Korean crypto lending firm Delio has reportedly raised concerns over whether it can continue to provide normal services to clients after having its assets seized by a local financial regulator. In a July 22 blog post translated from Korean, Delio said an ongoing legal battle with depositors and a July 18 search and seizure of the company’s assets, resulted in “all assets owned by customers and the company, as well as other cold wallets and ledgers” being seized by the FSC. Delio explained the recent actions have made it…
United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them and criminalize its development. In a July 23 Twitter post, Congressman Davidson accused the Federal Reserve of “building the financial equivalent of the Death Star,” stating that CBDCs corrupts money into a tool for coercion and control, adding: “Congress must swiftly ban then criminalize any effort to design, build, develop, test or establish a CBDC.” Davidson’s comments came in response to a position advertised by San Francisco’s Federal Reserve Bank…
Twitter users, along with the avid crypto community, may soon see a very different version of the social media app — which is set to ditch its iconic blue bird logo for an “X” as part of a major rebrand. Crypto Twitter hasn’t been particularly thrilled with some of the changes, however. In a series of tweets on July 23, Musk hinted that the platform will be rebranded to “X” as early as Monday, an early step in its eventual transformation to an “everything app.” The rebrand could involve changing…
Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple. In a July 23 tweet, Garlinghouse slammed the regulator for its “regulation by enforcement” approach, arguing it has only served to hurt retail investors. “The SEC created this mess by proclaiming it was the cop on the crypto beat when it had no legal jurisdiction,” wrote Garlinghouse in a July 23 tweet. “Where’s that gotten us? Consumers left holding the bag in…
The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness. Source
A dormant Bitcoin (BTC) wallet holding over 1,037 Bitcoin — worth $31 million at current prices — has suddenly awoken after an 11-year slumber, transferring out its entire stash. The 1037 BTC was transferred amid a Bitcoin price of $29,956 and took effect at block height 799701 — approximately 10:51 am UTC on July 22, according to BitInfoCharts. The long-dormant address obtained the 1,037 BTC on April 11, 2012, when BTC’s price was only $4.92, on-chain analytics platform Lookonchain stated on July 22. This means at the time, the stash was only worth around $5,108. A…