As of today, the market capitalization of tokenized U.S. Treasuries stands at an impressive $1.92 billion, reflecting a $110 million increase since July 9, 2024, marking a 6.08% rise over roughly five weeks. Blackrock’s BUIDL continues to lead the pack among tokenized Treasury assets by market cap, experiencing a $14.85 million uptick in just 38 […] Source CryptoX Portal
Academic freedom is under assault in the U.S. This attack has included state censorship of educational materials and classroom discussions; bans on initiatives to promote diversity, equity, and inclusion; and proposals to end tenure and faculty governance. Many right-wing officials even embrace the notion that conservatives should capture and reshape higher education to serve hyper-partisan interests, led by appointees who come from outside of academia and are instead loyal to state power holders. In 2023, Virginia Governor Glenn Youngkin directed all of his appointees to university boards to consider themselves…
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Ghana’s central bank has published draft guidelines for Virtual Asset Service Providers. According to the Bank of Ghana’s Aug. 16 draft, the nation has witnessed a spike in demand for cryptocurrencies, prompting the need for regulations to counter the various risks typically associated with the emerging asset class. Ghana, like other South African nations, has confronted economic challenges, pushing residents towards alternative assets such as Bitcoin (BTC) as a shield against inflation. As detailed by the bank, the growth has been spurred by a tech-savvy population, widespread internet access, and…
Bitcache and Megaupload founder Kim Dotcom, is determined to resist extradition to the U.S., claiming political persecution and vowing to stay in New Zealand. German-Finnish internet entrepreneur Kim Dotcom, known for his controversial political views, now faces a new challenge as New Zealand’s justice minister, Paul Goldsmith, has signed an order for his extradition to the United States. The move has reignited a legal battle that has spanned more than ten years, with Dotcom and his legal team vowing to fight the decision tooth and nail, per a report from…
Analysts at Chainalysis say illicit blockchain activity has dropped nearly 20% YTD, yet stolen funds and ransomware inflows continue to rise. Illicit crypto activity has declined nearly 20% year-to-date, a positive sign for the growing legitimacy of the sector, according to a mid-year report from blockchain analytics firm Chainalysis. Despite the decline, there are still concerning trends in specific types of cybercrime, the firm noted, saying that funds stolen in crypto heists nearly doubled to $1.58 billion and ransomware inflows rose by 2% to $459.8 million in the first half…
Bitcoin is trading for $59,545, a slight increase of 0.5% in the past 24 hours. Although little, this surge in its price is quite noteworthy as it comes against the backdrop of Bitcoin’s price plunging as low as $57,812 earlier today. Regardless of this modest recovery, a recent analysis by a CryptoQuant author on the CryptoQuant QuickTake platform has revealed that Bitcoin might now be approaching a precarious position. Bears At The Gates? Analyzing BTC’s Vulnerable Stance According to the CryptoQuant analyst Grizzly, Bitcoin’s Net Unrealized Profit/Loss (NUPL) metric—a tool…
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he […] Source CryptoX Portal
Flare token price rose for two consecutive days and was the best-performing cryptocurrency on Aug. 15. Flare (FLR) rose by over 7% on Thursday, Aug. 15, reaching a high of $0.016, up by over 21% from its lowest level this month. However, like other altcoins, it remains in a bear market after falling by over 70% from its highest point this year. It is also hovering near its lowest level since December last year. Flare’s rebound occureding durin an otherwise boring day for cryptocurrencies. Bitcoin (BTC) remained below $60,000, even…
Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Chaos […] Source CryptoX Portal