Blockchain reduces airline cargo costs by 7% and boosts efficiency
The airline was able to reduce communication errors by 90%, thanks to the transparency of blockchain technology. Go to Source
Cryptocurrencies
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DeFi protocol Nexera hacked for $1.5 million via smart contract exploit
Nexera’s token contract has been paused and the team advises crypto investors to stop trading the NXRA token. Go to Source
JPMorgan Sees ‘Buy the Dip’ Opportunity After Market Selloff
Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan’s head of positioning intelligence, indicated that their Tactical Positioning Monitor might drop further, … Read more
Nasdaq asks to list options on spot Ethereum ETFs — Filing
Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too. Go to Source
Nearly every token Binance listed in 2024 is now bleeding red — Coin98
Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years. Go to Source
CoinShares revenue surges 110% in Q2, driven by FTX claim sale
CoinShares revenue for the second quarter of 2024 rose to nearly $28.5 million. FTX bankruptcy proceedings generated a return of 116% in the quarter. Go to Source
Saylor says BTC strategic reserve is ‘Louisiana Purchase’ moment for US
Michael Saylor previously forecasted that Bitcoin will reach approximately $13 million per coin by 2045. Go to Source
‘The Black Swan’ author says Bitcoin a poor hedge against market meltdown
Nassim Nicholas Taleb says gold still stands apart as a store of value. Go to Source
French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and … Read more
Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing
Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds. Go to Source