Author: Emma Davis

Article written by Emma Davis

Riot Platforms Buys Block Mining for $92.5M

July 28, 2024 1 min read

Riot Platforms, a prominent Bitcoin mining company in the United States, has purchased Block Mining, a company based in Kentucky, for a total of $92.5 million. The agreement entails the transfer of $18.5 million in cash from Riot’s financial reserves, as well as $74 million worth of Riot’s ordinary shares. Block Mining has the potential to collect an additional $32.5 million based on performance indicators until 2025. Riot stated that

Robert F. Kennedy Jr promises that the government will buy $615 billion in BTC if he is elected

July 27, 2024 1 min read

Robert F. Kennedy Jr. has suggested a plan to allocate $615 billion from the government budget to acquire Bitcoin if he becomes president. The objective is to enhance Bitcoin’s reputation as a reliable asset and potentially establish it as a rival to gold in the US Treasury’s holdings. During the Bitcoin Conference 2024 in Nashville, Kennedy engaged in a conversation with Melker, emphasizing his status as the “authentic Bitcoin candidate”

43.7% of crypto participants expect Bitcoin to exceed $100,000 this cycle, CoinGecko reports

July 27, 2024 1 min read

43.7% of crypto participants expect Bitcoin to exceed $100,000 this cycle. A survey by CoinGecko found that 43.7% of respondents expect Bitcoin to surpass $100,000 this cycle, with the $91,000 to $100,000 range being the most popular prediction. Experienced crypto participants had higher expectations, with 50.5% of second-cycle participants and 51.8% of veterans predicting Bitcoin would surpass $100,000. Investors were the most optimistic group, with 49.4% predicting Bitcoin will exceed

WazirX exchange launches two bounty programs for recovering stolen assets

July 26, 2024 1 min read

Nischal Shetty, the creator of WazirX, has revealed his intentions to retrieve the pilfered crypto cash. He has also made it clear that no security breach took place before July 18. There has been disinformation circulating regarding the hacking of WazirX and a few wallets, which occurred eight days before the actual theft. The platform is currently developing a system to conduct polls and will consider reopening if the results

Ripple CEO Brad Garlinghouse urges VP Kamala Harris to clarify her crypto stance

July 26, 2024 1 min read

Ripple CEO Brad Garlinghouse is requesting US Vice President Kamala Harris to provide a clear explanation of her position on crypto regulation in light of ongoing discussions over the government’s policies on digital currency. This request comes in the wake of Harris’s decision to withdraw from the Bitcoin Conference 2024. Garlinghouse asserts that the rise of crypto has been impeded by tribalism and political bias, and he advocates for prioritizing

DEX Uniswap announces an update for UniswapX, and users are hoping for more activity

July 24, 2024 1 min read

Uniswap, a decentralized cryptocurrency exchange, has announced an update for UniswapX. This update introduces a new auction contract that aims to improve the process of quoting information. The update guarantees enhanced quotation velocities, optimized deal execution, and a greater amount of MEV restored to swappers. The update has been implemented on the web application and will shortly be available on mobile devices. The improvement has received positive feedback from the

These XRP whales acquire $84 million in XRP in 7 days

July 24, 2024 1 min read

Whales, large investors known for their massive holdings, have seized over 140 million XRP tokens valued at around $84 million in the past week. This surge in buying pressure is attributed to Judge Phyllis Hamilton’s landmark ruling in Ripple’s ongoing legal process, which extended the deadline for excluding four expert testimonies until July 26. Crypto tracking service Whale Alert identified substantial on-chain movement of approximately 140 million XRP ($84 million).

Gate.io exchange halts Japanese operations due to FSA regulatory compliance demands

July 24, 2024 1 min read

Gate.io, a prominent crypto exchange, has said that it will halt its services for consumers in Japan as a result of regulatory obstacles imposed by the Financial Services Agency (FSA) of Japan. The decision is a response to compliance requests from the FSA and will also result in the cessation of new account openings for Japanese users. Japan’s stringent laws for crypto trading, such as the Payment Services Act (PSA),

The ApeCoin DAO is voting on a $3.6 million proposal to build an APE-themed hotel in Bangkok

July 22, 2024 2 mins read

The ApeCoin Decentralized Autonomous Organization (DAO) is now conducting a vote on a plan to construct a hotel in Bangkok, Thailand, with a concept centered upon apes. The project is requesting a total of 410,000 APE tokens, which have an estimated value of $3.6 million. The objective of the project is to enhance the level of BAYC IP exposure and augment the visibility and utilization of ApeCoin. The endeavor is

Lumia’s ICO to go live on July 18, 2024

July 18, 2024 1 min read

Lumia, a blockchain network, is scheduled to commence its Initial Coin Offering (ICO) on July 18, 2024. The primary objective of the ICO is to generate capital to advance and expand the project. The token sale offers investors an initial chance to invest in a business that is built upon advanced technology. The token ORN, associated with Lumia, will have a significant role within the ecosystem by providing several utilities

FDIC nominee Christy Goldsmith Romero proposes banks should choose if they serve crypto firms

July 15, 2024 1 min read

Christy Goldsmith Romero, the nominee for Chair of the FDIC, has suggested that banks should have the autonomy to determine whether or not they will provide services to digital asset companies. The FDIC’s departure from its earlier conservative position on cryptocurrency may foster improved collaboration between US financial institutions and the crypto industry, thereby mitigating current limitations. Faryar Shirzad, the Chief Policy Officer of Coinbase, underscored the significance of Romero’s

Binance is nearing a deal with Megazone to cut its stake in Gopax

July 12, 2024 1 min read

Binance, the world’s largest crypto exchange, is reportedly in talks with South Korean cloud service provider Megazone to sell its ownership stake in Gopax. This move is part of Binance’s strategy to improve its governance structure in response to local financial authorities’ regulatory requirements. The exchange, acquired in early 2023, had a 72.6% ownership stake at the time of acquisition. Binance plans to reduce this stake to around 10%. The