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Weekly News

Read more about the article Russia legalizes Bitcoin and cryptocurrency mining

Russia legalizes Bitcoin and cryptocurrency mining

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Russia explores other forms of international trade settlement following US sanctions blocking it from the SWIFT interbank messaging system. Russian President Vladimir Putin approved legislation to reduce its reliance on…

Continue ReadingRussia legalizes Bitcoin and cryptocurrency mining
Read more about the article CFTC announces $1M award for crypto whistleblower

CFTC announces $1M award for crypto whistleblower

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

The notice came the same day a judge approved a $12.7 billion settlement between defunct crypto exchange FTX, Alameda Research and the US Commodity Futures Trading Commission. The United States…

Continue ReadingCFTC announces $1M award for crypto whistleblower
Read more about the article Why is Ethereum losing market share to Bitcoin?

Why is Ethereum losing market share to Bitcoin?

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Ethereum’s underperformance against Bitcoin is largely due to competition from Solana and the weaker-than-anticipated debut of its spot ETFs. Ethereum’s native token, Ether (ETH), plunged to its lowest point in…

Continue ReadingWhy is Ethereum losing market share to Bitcoin?
Read more about the article X halts ads for Premium+ users as Musk lawsuit challenges First Amendment

X halts ads for Premium+ users as Musk lawsuit challenges First Amendment

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Musk may finally be acknowledging the sun has set on X’s ad sales, but he isn’t going quietly into that good night. The X social media platform announced on Aug.…

Continue ReadingX halts ads for Premium+ users as Musk lawsuit challenges First Amendment
Read more about the article Miner profitability falls to record lows — Blocksbridge

Miner profitability falls to record lows — Blocksbridge

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues. Miner hashprice, a metric that gauges mining profit margins, has fallen below $36…

Continue ReadingMiner profitability falls to record lows — Blocksbridge
Read more about the article Coinbase to expand use of Vaults for secure crypto custody — Executive

Coinbase to expand use of Vaults for secure crypto custody — Executive

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

Coinbase currently holds approximately $270 million in customer assets. Coinbase plans to integrate its secure crypto custody accounts — known as Vaults — into more of its products, including those…

Continue ReadingCoinbase to expand use of Vaults for secure crypto custody — Executive
Read more about the article Montenegrin court delays Do Kwon’s extradition to South Korea

Montenegrin court delays Do Kwon’s extradition to South Korea

  • Post author:
  • Post published:August 9, 2024
  • Post category:Weekly overview

The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States. Montenegro’s Supreme Court has…

Continue ReadingMontenegrin court delays Do Kwon’s extradition to South Korea
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