Nvidia claims breakthrough on path to GPU-based quantum computing
Quantum annealing systems could impact the finance and blockchain industries in a major way. Go to Source
Month: July 2024
Gemini reaches settlement with IRA Financial Trust over $36M exploit
The lawsuit, initially filed by IRA in June 2022, alleged that Gemini misrepresented its security protections, resulting in an exploit that removed $36 million in crypto. Go to Source
Grayscale announces plans for Bitcoin ETF spinoff
Current GBTC shareholders will receive shares in Grayscale’s new Bitcoin ETF in proportion to what they currently hold in GBTC. Go to Source
Crypto community reacts to Windows-CrowdStrike outage as blockchains unaffected
Many crypto community members noted that blockchains’ decentralized nature allowed them to continue running despite widespread outages across the global economy. Go to Source
Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism
The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to … Read more
Price analysis 7/19: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin turned up sharply and broke above the overhead resistance, indicating the resumption of the upmove toward $70,000. Go to Source
Binance gets greenlight to invest customer assets in US Treasury Bills
The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis. Go to Source
WazirX hacker funnels $149M, Hamster Kombat users face phishing attacks: Finance Redefined
This week, hackers staged the second-largest crypto hack of 2024, stealing over $230 million, while other malicious actors are targeting Hamster Kombat players. Go to Source
Bitcoin price soars above $66K as crypto market momentum ramps up
Bitcoin price surged to a new 1-month high near $67,000 as a variety of bullish factors converged to push cryptocurrencies higher. Go to Source
Momint Secures Grant from Dfinity Foundation for Global Blockchain Expansion
Momint, a Web3 startup, is poised for global expansion after securing a $50,000 grant from the Dfinity Foundation. This Swiss non-profit organization, known for its blockchain R&D, awarded the grant through the Internet Computer Protocol (ICP) Hub of Southern Africa. Momint plans to integrate ICP blockchain technology into its operations, enhancing its global reach and … Read more