Latest

• Jul 2, 8:49 AM Lookonchain

  German government transfers Bitcoin totaling $52 million

  The German Government recently moved 832.7 Bitcoin, valued at $52 million, to major exchanges including Bitstamp, Coinbase, and Kraken. This follows a larger transfer of 1,500 Bitcoin valued at $94.7 million. The government still retains 43,859 Bitcoin, equivalent to approximately $2.74 billion.

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• Jul 2, 8:06 AM The Block

  South Korea's crypto exchanges to reassess 1,300 tokens under new standards

  South Korea's twenty crypto exchanges, in collaboration with the Digital Asset Exchange Association (DAXA), will start reevaluating over 1,300 tokens currently traded domestically. These evaluations align with South Korea's new industry regulations that take effect from July 19, focusing on stringent compliance, security measures, and investor protection protocols. The revision will be part of a broader implementation of self-regulatory codes aiming to enhance transparency and fairness across all token listings.

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• Jul 2, 6:30 AM Cointelegraph

  Cardano releases MiCA-compliant sustainability indicators ahead of EU regulatory changes

  The Cardano Foundation, in collaboration with the Crypto Carbon Ratings Institute, has released new sustainability indicators for the ADA network, ensuring compliance with the impending Markets in Crypto-Assets (MiCA) regulation in the European Union. The report highlights Cardano's adoption of energy-efficient consensus protocols significantly reducing its electricity usage and carbon footprint, setting industry benchmarks ahead of regulatory changes due in December. This proactive approach supports Cardano's goal of sustainable blockchain adoption while meeting European Securities and Markets Authority standards.

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• Jul 1, 11:56 PM Hand-Picked

  Keith Gill lawsuit dismissed abruptly after short stint on court docket

  A class action lawsuit against Keith Gill, known as Roaring Kitty, alleging manipulation of GameStop stock prices through social media was voluntarily dismissed. The suit, initiated on Friday and dropped by Monday, accused Gill of benefitting from inflating GameStop's stock via his online influence. This rapid legal reversal occurs amidst Gill's continued high-profile activity in the stock market, signaling persistent volatility and scrutiny around such figures in the crypto and stock trading communities.

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• Jul 1, 8:03 PM Coindesk

  SEC charges Silvergate Bank and executives with misleading statements on AML compliance

  The US Securities and Exchange Commission (SEC) has sued Silvergate Capital Corporation and its former top executives for allegedly misleading the public and shareholders about adhering to Bank Security Act/anti-money laundering (BSA/AML) regulations. Despite warnings of non-compliance from government examiners and failures in monitoring suspicious activities, including nearly $9 billion transactions linked to the bankrupt FTX, Silvergate claimed robust AML defenses. The bank experienced a precipitous downfall, leading to its voluntary liquidation amid a broader banking crisis.

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• Jul 1, 5:00 PM Decrypt

  Polymarket becomes the largest 2024 presidential election prediction platform

  Bernstein Research identifies Polymarket as the largest blockchain-based prediction market for the 2024 US presidential election, highlighting its role in enhancing transparency and efficiency in political betting. The platform, running on the Ethereum-Polygon blockchain, has amassed over $200 million in bets, with current odds favoring former President Donald Trump at 63%. The analysis also underscores a significant decline in bets on President Joe Biden, reflecting recent shifts in public sentiment and market dynamics.

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• Jul 1, 3:00 PM Coindesk

  Circle become first stablecoin issuer to earn license under EU's new MiCA regulation

  Circle has secured the first global stablecoin issuer license under the new EU Markets in Crypto-Assets (MiCA) rules, allowing it to issue both EURC and USDC in the EU. Circle Mint France, a subsidiary granted an Electronic Money Institution (EMI) license by French authorities, will facilitate the issuance. This move follows regulatory shifts that have led to the delisting of certain other euro-denominated stablecoins like Tether’s EURT.

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• Jul 1, 1:56 PM Matthew Sigel

  VanEck confirms Solana ETF filing is influenced by US presidential election outcome

  Matthew Sigel, VanEck's Head of Digital Asset Research, supported claims that their recently filed Solana ETF is strategically positioned in anticipation of a potential Donald Trump victory in the upcoming US presidential elections.

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• Jul 1, 1:30 PM Cointelegraph

  Ethereum's Vitalik Buterin proposes single-slot finality for faster transactions

  Ethereum co-founder Vitalik Buterin suggests transitioning to a single-slot finality (SSF) system to significantly reduce Ethereum Layer-1 transaction confirmation times from seconds to milliseconds. This proposal comes after the Ethereum Merge to proof-of-stake, which already reduced confirmation times to a range of 5–20 seconds. SSF aims to enhance user experiences and accommodate applications requiring lower latency, despite the associated challenges and the potential for increased network congestion.

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• Jul 1, 12:40 PM Crypto Briefing

  Tether partners with Uquid to enable USDT payments for social security in the Philippines

  Tether, in collaboration with Uquid, has launched a service allowing Philippine citizens to use USDT for making Social Security System contributions on the TON blockchain. This initiative represents a significant advance in integrating crypto into routine financial transactions, particularly for government services. It underscores the expanding role of stablecoins like USDT in both everyday and institutional financial activities, while also highlighting ongoing efforts in the Philippines to foster a regulatory environment conducive to crypto and blockchain innovations.

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• Jul 1, 11:30 AM Crypto Briefing

  Ethereum sees largest outflows, labeled worst performer in net flows for the year

  Ethereum has been identified as the worst-performing asset in terms of net flows this year, experiencing its largest weekly outflow of $60 million since August 2022, according to CoinShares. In a broader context, while the crypto market saw inflows in some regions and assets, Ethereum-indexed Exchange-Traded Products (ETPs) suffered $119 million in total outflows over the past two weeks. Conversely, Bitcoin and multi-asset ETPs enjoyed inflows, suggesting a varied investor sentiment across different crypto assets.

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• Jul 1, 10:30 AM Crypto Briefing

  MiCA stablecoin regulations come into effect, pose challenges for issuers

  The MiCA (Markets in Crypto-Assets Regulation) stablecoin regime, a part of EU's effort to regulate the crypto market, became effective recently. It requires stablecoin issuaries in the European Economic Area to be licensed, potentially increasing operational challenges due to stringent capital, liquidity, and transparency requirements. Significant stablecoins will now be under the direct oversight of the European Banking Authority, and additional restrictions limit the issuance of stablecoins beyond certain transaction thresholds. While companies like Circle are adapting, Tether has opted not to pursue an e-money license, affecting its operational status in the EU.

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• Jul 1, 6:41 AM The Block

  Ant Group boosts blockchain subsidiary capital amid China's crypto restrictions

  Ant Digital Technologies, the blockchain division of Alibaba's Ant Group, has significantly increased the registered capital of its subsidiaries, Ant Blockchain Technology (Shanghai) and Ant Chain (Shanghai) Digital Technology. The strategic capital injections rise to 1.5 billion yuan and 2.1 billion yuan respectively, reinforcing Ant Group's commitment to advancing blockchain technology within the regulatory framework of China, which supports blockchain innovation despite a ban on cryptocurrency transactions. This development underscores a growing trend among Chinese tech giants to focus on blockchain technologies.

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• Jul 1, 1:33 AM Crypto Briefing

  Sony plans to launch crypto exchange in Japan

  Sony Group has expanded its business into the crypto market by acquiring Amber Japan, a move signaling its venture into crypto exchanges. This strategic acquisition occurs amidst its portfolio diversification, supported by Sony's considerable market value. Amber Japan, now owned by Sony, was previously managed by Singapore-based Amber Group, which faced financial difficulties post the FTX collapse.

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• Jun 29, 8:41 PM Cointelegraph

  Ethereum co-founder Vitalik Buterin criticizes US crypto regulations

  Ethereum co-founder Vitalik Buterin has highlighted the challenges faced by cryptocurrency developers due to US regulatory practices, which he terms "anarcho-tyranny." Buterin criticizes the current regulatory landscape for favoring meaningless or vague crypto projects while penalizing those providing transparency and customer assurances. He suggests that reforms should include implementing clear, protective measures through cooperation with regulators and the crypto industry to foster a healthier market environment.

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