Global investment bank JPMorgan has predicted a crypto market recovery beginning in August. The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion, citing bitcoin liquidations by Mt. Gox creditors and the German government’s seized asset sales as contributing factors. JPMorgan’s analysts believe this revised net flow will stabilize the…
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The Crypto Council for Innovation has highlighted the positive impact of web3 in rural India through a case study that demonstrated improved water access. Decentralized solutions, like those implemented by Atlantis DAO, are transforming water availability and creating economic opportunities in drought-prone regions. Over 80% of participants reported better access to clean water, and new…
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Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and is expected to increase capacity further in the coming months. Greenidge Adds 2,400 Bitcoin Miners to New Mississippi Facility Greenidge (Nasdaq: GREE) acquired the 12-acre…
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Worldcoin, the biometric ID and UBI project, has announced the launch of the developer preview of World Chain, a new blockchain that will allow it to scale beyond the numbers currently achieved. This developer preview will serve as a platform for developers to reach 10 million users across 160 countries, starting to build apps before…
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According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal cryptocurrency miners…
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At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning hours (EDT), Germany’s bitcoin (BTC) wallet divested…
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The Los Angeles Sparks, one of the most successful teams in the Women’s National Basketball Association (WNBA), have signed a five-year extension with Anschutz Entertainment Group (AEG) to continue playing at Crypto.com Arena until 2029. This agreement extends a long-standing partnership between the Sparks and the downtown Los Angeles venue, where the team has played…
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The Lithuanian Financial Crime Investigation Service (FNTT) has fined the crypto firm Payeer nearly 9.3 million euros ($10 million) for international sanctions violations and anti-money laundering (AML) breaches. Specifically, Payeer was fined 8.23 million euros for facilitating transactions in Russian rubles through its platform, involving sanctioned Russian banks and clients. Additionally, a 1.06 million euro…
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Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized the industry’s robust long-term fundamentals and urged the community to stay focused and continue building despite market fluctuations. Binance’s…
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The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB), to introduce a digital currency before proceeding. This…
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