The crypto exchange, which is backed by Peter Thiel and Coinbase, halted withdrawals in July following an apparent run on its assets. Singapore crypto exchange Vauld Group is seeking a moratorium against its creditors — a move that would give the troubled lender more time to restructure its business after collapsing asset prices impacted its...Continue Reading

BTC’s march toward $24,000 took a brief pause after media headlines announced that Tesla had sold 75% of its Bitcoin position. Easy come, easy go was the story on July 20 as the day started on a positive note with Bitcoin (BTC) climbing above $24,300, only to end the official trading day in the red...Continue Reading

“The issues here were foreseeable and actually credit specific, not crypto specific in nature,” said three department heads at Coinbase. Department heads at Coinbase have weighed in on the market downturn amid solvency concerns around Three Arrows Capital, crypto lending firm Celsius, and Voyager Digital, saying the crypto exchange had “no financing exposure” to the...Continue Reading

The much-anticipated Merge upgrade has been in the making for over two years. With the transition to a scalable, energy light proof-of-stake blockchain (dubbed “the Merge”) at play for Ethereum, many have cast doubts on the popular coin’s future given the magnitude and complexity of the upgrade involved. But among prominent stakeholders, one particular project...Continue Reading

Despite July 20’s pullback, the market structure of BTC and most altcoins is still showing early signs of a trend reversal. Bitcoin (BTC) briefly extended its recovery above $24,000 and the altcoins continued to make smart gains on July 20, but the bullish momentum of the week experienced a brief setback after Tesla’s earnings report...Continue Reading

“NFTs can create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft,” says the entity. On Wednesday, Minecraft’s developer Mojang Studios said that it would be excluding the integration of nonfungible tokens, or NFTs, alongside blockchain technology as a whole, in its popular namesake game. In explaining the decision,...Continue Reading

Elon Musk’s electric vehicle maker has offloaded most of its BTC reserves, according to financial statements released on Wednesday. Electric vehicle maker Tesla sold most of its Bitcoin (BTC) holdings in the second quarter, according to new financial disclosures released on Wednesday. “As of the end of Q2, we have converted approximately 75% of our...Continue Reading

“It’s time to move the crypto policy debate from “we need regulation” to ‘what are the impacts of specific regulatory proposals?’” said Chamber of Progress. The tech trade group Chamber of Progress called on members of the United States Senate and House of Representatives for regulatory clarity in the crypto space in an effort to...Continue Reading

Crypto regulation came through as expected in the Financial Services and Markets Bill in spite of changes in government personnel and the collapse of the crypto market. The Financial Services and Markets Bill was introduced into the UK Parliament on July 20. The comprehensive bill, which was meant to preserve the UK’s leading place in...Continue Reading

A consulting firm predicted that the NFT market could be worth $231 billion in 2030, noting that the market will grow at a rate of over 33.7% in the years to come. In this week’s newsletter, read about the most expensive CryptoPunk sale in 30 days. Check out the report that predicts the growth of...Continue Reading