Month: August 2024

Bitcoin (BTC) Unmoved at $59K as Mt. Gox Moves $700M in BTC

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Will It Be The Catalyst To Break Above All-Time Highs?

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As the cryptocurrency market continues to navigate a mixed period of price stagnation and volatility with no clear path forward, all eyes are on the highly anticipated Pectra upgrade for the Ethereum (ETH) network.  Scheduled for the first quarter of 2025, this major upgrade is gaining significant attention from bullish analysts who believe it could be the catalyst to propel Ethereum’s price to new heights. A Potential Gamechanger For Ethereum?  According to decentralized finance (DeFi) researcher DeFi Ignas, optimism is mounting around Ethereum’s prospects thanks to the Pectra upgrade.  In…

State Street Partners With Taurus to Boost Digital Asset Services

Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding State Street’s existing capabilities in fund administration. State Street Partners With Taurus to Expand Digital Asset Services […] Source CryptoX Portal

Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Hong Kong lawmaker calls for legal framework to regulate DAOs

A Hong Kong lawmaker calls for a legal framework to regulate DAOs following a court ruling on a decentralized organization. Hong Kong might begin developing a regulatory framework for decentralized autonomous organizations, as lawmaker Johnny Ng Kit-chong advocates for clearer rules to improve stability in the web3 sector. According to a report from the South China Morning Post, Ng, a member of the Legislative Council, believes that establishing a legal framework could benefit the region by attracting international talent and investment, reinforcing Hong Kong’s position in the rapidly evolving crypto…

7 Arrested in Illegal Bitcoin Mining Crackdown in Malaysia

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Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting and stopping bitcoin mining activities linked to electricity theft. The suspects, aged between 30 and 74, included three local men […] Original

Dogecoin Soars 6.5% After Elon Musk’s Post, Imminent Breakout?

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Dogecoin (DOGE), the largest memecoin by market capitalization, recently received acknowledgment from Tesla’s CEO on X. Elon Musk’s post sparked a frenzy among crypto investors and the DOGE community, reflecting on the token’s price. Following the recent surge, some analysts believe it’s only a matter of time before a major breakout. Related Reading Elon Musk Excites The Dogecoin Community In a recent X post, Elon Musk acknowledged the leading memecoin by market cap on his response to Donald Trump’s political proposition. The former US president revealed that he was open…

IOTA Completes Final Phase of European Blockchain PCP Initiative

Alvin Lang Aug 21, 2024 01:11 IOTA successfully concludes the European Blockchain PCP, developing scalable and sustainable blockchain solutions for Europe. The IOTA Foundation has successfully completed the final phase of the European Blockchain Pre-Commercial Procurement (PCP), according to IOTA Foundation Blog. This milestone marks a significant achievement in developing pre-commercial blockchain solutions for Intellectual Property Rights Management and Digital Product Passports. Background and Selection In 2021, IOTA was selected as one of seven projects from over 30 applications to participate in…

Donald Trump Considers Elon Musk for Cabinet Role

U.S. President and Republican presidential candidate Donald Trump stated on Monday that if elected, he would consider appointing Tesla CEO Elon Musk to a cabinet or advisory role. Trump praised Musk as a “brilliant” and “very smart guy,” expressing his openness to involving the Tesla boss in his administration if Musk were willing. Recently, Musk […] Source CryptoX Portal