Bitcoin (BTC) price consolidates, Official Trump (TRUMP) sell-off as President Trump takes office
Bitcoin saw an 8%+ drop as President Trump took office, but hope for a strategic Bitcoin reserve announcement and new offerings from Trump’s World Liberty DeFi project could reverse the tide for BTC and the Official Trump memecoin.
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Over $204M was lost in Q2 DeFi hacks and scams: Report
More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million. Over $204 million was lost in decentralized finance (DeFi) hacks and scams in the second quarter of 2023, according to a June 27 report from Web3 portfolio app De.Fi. The report, titled…

Bank of Canada sees no strong case for a digital dollar — for now
Amid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency. 3821 Total views 7 Total shares The Bank of Canada does not see a strong reason for issuing a central bank digital currency, or CBDC at the moment.Timothy Lane, the Bank of Canada’s…

Vitalik Buterin unveils plan to solve cross-chain L2 interoperability
“I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems,” said the Ethereum co-founder.

It’s now or never — The US has to prepare itself for digital currency
Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are trying to create digital currencies. Almost 60% of them are working on the concept and 14%…

Magic Eden integrates Solana’s compressed NFTs into marketplace
NFT marketplace Magic Eden believes that lowering the costs in NFT production creates an "easy access point" for new users to try NFTs. 115 Total views 1 Total shares Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning digital

Stockholm IT Ventures AB Subsidiary Partners With Valens Bank for “Crypto Fund Trading”
Stockholm IT Ventures AB (SITV), a Swedish company specializing in cryptocurrency and blockchain technology, has announced its subsidiary has finalized a software license agreement with Valens Bank, according to the official August 22 press release. The agreement between Blocktrade Technology Ltd. (BTT), a subsidiary of SITV, and the German Valens Bank will allow the “multi-currency…

Analyst says strong DXY no good for Bitcoin price, urges leverage traders to be ‘careful’
Crypto analyst Jamie Coutts cautioned traders to "be careful" when margin trading Bitcoin, given the growing strength of the US dollar.

Peru considering CBDC to improvement payment system: Former IMF adviser
The Central Reserve Bank of Peru has released a report on the development of a central bank digital currency and promises more reports as its research continues. 139 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe Central Reserve Bank of Peru (CRBP) has published a paper that…