Aptos to accelerate innovation with new tech, investment in India
Aptos wants to address the scalability limitations of other blockchains, co-founder and chief technology officer Avery Ching said at India Blockchain Week 2024.
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Mt. Gox Crypto Exchange Opens Claims for Creditors to Request Lost Funds
Creditors of hacked Japanese cryptocurrency exchange Mt. Gox began filing civil rehabilitation claims Thursday, August 23 in a fresh attempt to retrieve their lost bitcoins. An online claims submission process released by trustee Nobuaki Kobayashi details the various prerequisites for the exchange’s creditors, who now have until October 22 to submit a filing. The news…

Crypto fund outflows reach $417M over 8 weeks as investor caution persists
According to CoinShares, digital asset investment product outflows amounted to $88 million last week. 68 Total views 2 Total shares On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week…

Facebook announces $50M investment fund tasked with developing its virtual metaverse
Facebook has slated $50 million to be spent over the next two years through its XR Programs and Research fund. 1022 Total views 20 Total shares Facebook has announced it will allocate $50 million to a two-year fund tasked with beginning work on realizing the firm’s vision for a virtual metaverse. A Sept. 27 announcement…

Deep tech: Why C-suite execs are pursuing blockchain
Blockchain is seen as a major area of interest by enterprises looking to invest in deep tech solutions, a new report suggests. An industry-wide survey conducted by quantum computing firm Seeqc revealed that 67% of executive decision-makers feared falling behind competitors when it comes to emerging technologies. With this in mind, 57% of large enterprises…

Genesis Mining’s Marco Streng: ‘You Can’t Just Switch Miners On and Off’
Cointelegraph is holding a live event to honor the Bitcoin (BTC) halving, set to occur in just a few hours.As profits for miners will be cut in half in about 10 BTC blocks, the event represents a bittersweet moment for the industry. Cointelegraph organized a panel to learn more about how the halving will impact…

Bloomberg: ‘Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance’
According to Bloomberg, the narrowest ever bollinger bands suggest that Bitcoin is consolidating for a major breakout. 2867 Total views 31 Total shares Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level.Bitcoin Bollinger Bands. Source: BloombergThe latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating.…

NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency
“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS. 416 Total views 12 Total shares Own this piece of history Collect this article as an NFTThe New York Department of Financial Services, or NYDFS, has released guidelines on how licensed…

SEC’s Gensler taken to task over crypto custody guidance again in House hearing
Gary Gensler, chairman of the United States Securities and Exchange Commission, told the House Financial Services Committee hearing on Sept. 27 that he enjoys testifying before the committee. He had well over four hours of that pleasure that day, much of which was devoted to criticism of his agency’s policies and actions.Among the long list