The underpinning technology for the UK CBDC could use a different ledger than the popular blockchain technology. The Bank of England has made significant developments in its central bank digital currency (CBDC) program. Tom Mutton, the head of the fintech and CBDC program at BoE, recently shared insights on the privacy aspect of the CBDC...Continue Reading

Bitcoin margin and futures markets display strength as institutional appetite surges after multiple spot ETF requests. After a failed rally above $31,000 on June 23, Bitcoin (BTC) has sustained the $30,300 resistance for the past three days. Curiously, this happened while gold reached its lowest level in three months, trading at $1,910 on June 22,...Continue Reading

Bitcoin speculators remain important for BTC price analysis as their profitability nears classic selling levels. Bitcoin (BTC) may see a “market correction” should BTC price action go much beyond $33,000, research warns. In the latest edition of its weekly newsletter, The Week On-Chain, analytics firm Glassnode flagged speculative selling risk on the horizon. Bitcoin speculator...Continue Reading

The new rigs will add 7.6 EH/s to the firm’s self-mining capacity, but won’t be installed until the first quarter of 2024. Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million. The rigs, which were sourced from mining...Continue Reading

Thousands in grants were given out by former FTX executives for niche projects, according to a report by FTX restructuring chief John Ray. Former FTX executives allegedly splurged millions on funding niche projects unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.” A June 26 report from FTX restructuring chief and...Continue Reading

During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges. Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto. During a panel at the Australian...Continue Reading

The top eight financial institutions with an interest in Bitcoin and crypto have a whopping $27 trillion in combined assets under management. There is at least $27 trillion of assets managed by major U.S. financial institutions that are also “actively” seeking to provide clients with exposure to Bitcoin (BTC) and crypto.  On June 26, CoinShares...Continue Reading

Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May. In the middle of the night, Binance Australia’s team was suddenly told it would be “cut off” from Australia’s banking system. There was no prior...Continue Reading

Roughly 150 full-time employees are being laid off, according to internal company messages. Online brokerage firm Robinhood Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year.  According to an internal company message seen by The Wall Street...Continue Reading

Remember HarvestKeeper, the AI project that scammed users for $1 million? You can expect similar AI-based scams to soar over the next couple of years. With talk about integrating artificial intelligence and the cryptocurrency industry mostly focusing on how AI can help the crypto industry combat scams, experts are failing to pay attention to the...Continue Reading