Sen. Cynthia Lummis of Wyoming is poised to announce legislation that could establish Bitcoin as a mainstream financial asset in the United States. At the upcoming Bitcoin 2024 conference in Nashville, Tennessee, where former President Donald Trump is also set to speak, Lummis aims to announce a bill requiring the Federal Reserve to hold Bitcoin
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Analysts from H.C. Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capacity by acquiring Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition consists of $18.5 million in cash and $74 million in Riot
Tether issued $1 billion in new USDT tokens on the Tron blockchain as stablecoins’ total market cap grew. Payments giant Tether minted its latest Tron USDT inventory on July 24, as noted by Arkham. The firm paid nothing in transaction fees, and such a move is typically regarded as bullish. The new USDT on Tron came
MonoSwap, a yield farming protocol, has suffered a significant hack after a fake venture capitalist installed malware on a developer’s tech. The yield-driven decentralized exchange urged users not to add liquidity or stake in its pools until further notice. Those with staked funds should withdraw immediately to avoid potential losses. 🚨 ALERT: MonoSwap has been
Following Kraken’s Mt. Gox distribution, Bitstamp has announced readiness to reimburse creditors of the defunct Bitcoin exchange. Crypto exchange Bitstamp confirmed receiving Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) from the Mt. Gox Truste intended to make hack victims whole again. Bitstamp reportedly informed users that disbursements could start on Thursday, July 25. The platform
According to a recent report from the Europol Internet Organized Crime Threat Assessment, Bitcoin remains the most commonly exploited cryptocurrency by criminals. The report noted that Bitcoin is often converted to stablecoins like Tether (USDT) for stability and is still frequently encountered in cybercrime and fraud. The Tron blockchain’s lower transaction fees have made it
Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, has announced it raised $11 million in funding to build its latest blockchain project. Peter Thiel’s Founders Fund led the fundraising round, which Igloo says will fund a new Ethereum (ETH) based consumer Layer 2 solution to bolster crypto adoption. Igloo eyes consumer-focused blockchain The
Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16. Creditors of the defunct Bitcoin (BTC) exchange Mt. Gox reported seeing crypto balances on the Kraken platform, as impacted users saw relief 10 years after a historical hack. The news was confirmed on Reddit via a subreddit called “mtgoxinsolvency.” Several users believed
DeFi exchange, dydX, is negotiating the sale of a portion of its derivatives trading software for an undisclosed amount. The sale would be for the exchange’s v3 software, a previous iteration of the dYdX platform. It has attracted traders due to its high liquidity and low slippage rates for large transactions. Potential buyers of dYdX
Binance Labs has invested in Pluto Studio, the GameFi publishing platform that launched the Telegram-based gaming bot Catizen. In an announcement on Tuesday, Binance Labs said it led the investment in Pluto Studio. The startup will use the investment to fund growth initiatives across its platform. Pluto Studio to use funding to boost Catizen growth