Binance recovers $73M in stolen funds, surpassing 2023 security efforts
Binance’s proactive security measures and industry collaborations lead to the recovery of $73 million in stolen funds by mid-2024.
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Nigeria still open to crypto business despite rocky past: Report
Nigeria has one of the highest rates of crypto adoption in the world, but the government has a complicated relationship with digital assets. The government of Nigeria is still open to crypto businesses operating in the country despite the ongoing lawsuit against crypto exchange Binance and the high-profile detention of Binance executive Tigran Gambaryan. Nigerian

Ethereum 2.0 Final Testnet Set to Launch on August 4
The final public testnet for ETH 2.0 aims to launch just two weeks from now. The long awaited Ethereum 2.0 network upgrade has taken one step closer to launch with a preliminary date announced for the final planned public testnet. The platform’s launch coordinator, Danny Ryan (@djrtwo) shared the news on the testnet’s discussion board on…

Binance Bitcoin reserves hits January levels — months before BTC jumped 90%
Bitcoin reserves on Binance have fallen under 570,000 BTC, the lowest level since January. Will history repeat itself?

CoinFLEX creditors dissatisfied with restructuring to OPNX: Report
Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent. According to a writ of summons filed in the High Court of Hong Kong and seen by Cointelegraph, CoinFLEX

Bitcoin’s Energy Consumption in Summer: Rise or Fall?
It's no secret that Bitcoin (BTC) mining is an expensive business, and in more ways than one. Not only has it become less profitable since July 2016's halving of mining rewards to 12.5 BTC, but competition among miners and an increasing hashrate have resulted in ever-higher energy consumption, with all the damage to the environment…

Moody’s to build scoring system for stablecoins: Report
Moody's is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets. 348 Total views 17 Total shares Own this piece of history Collect this article as an NFTCredit rating firm Moody's is allegedly developing a scoring system for stablecoins, with analysis for up to 20 digital assets, Bloomberg reported on…

Coinbase Tokenized Securities Approval: U-Turn or Just a Matter of Time?
Just days after claiming it had received authorization to list security tokens on its exchange, Coinbase has confirmed it had not had express permission to do so by the U.S. Securities and Exchange Commission (SEC). The announcement has caused quite a stir in the cryptocurrency community, as the initial announcement was hailed as a boon…

After Testing $7K — Is Bitcoin Price Finally Close to the Bottom?
Bitcoin (BTC) opened the day at $7,600 and began a sharp decline to find lows of $6,800 — a loss of just over 10%. Price has since been pushed back across $7,000 with buyers showing interest in prices below the $7K handle.The loss in Bitcoin valuation has dragged the entire market down with notable loser…