Bitcoin retail sellers send $625M to Binance before 'first cycle top'
Bitcoin whales hold off on major selling, but retail investors appear unwilling to wait for the real bull market gains to hit.
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Binance Launches Multi-DEX Support for Trust Wallet with Kyber Network
Major crypto exchange Binance has added support for multiple decentralized exchanges (DEX) to its Trust Wallet by integrating the Kyber Network protocol. The development was revealed in an official announcement shared with Cointelegraph on July 24.As previously reported, Binance acquired Trust Wallet — an open-source, decentralized wallet that initially offered native support for Ether (ETH) and…

Elon Musk’s X aims to revolutionize finance as a central hub
Elon Musk envisions X as an all-encompassing financial platform, embracing every aspect of users’ financial lives, from money and securities to eliminating the need for traditional bank accounts. Elon Musk’s venture, X (formerly known as Twitter), aims to position itself as a central financial hub, encouraging individuals to consider using X as their primary financial

Sam Bankman-Fried believes even ETH 2 can’t handle DeFi’s potential growth
FTX’s Sam Bankman-Fried doesn’t believe Ethereum will be able to provide the scaling capabilities required by the DeFi sector in future. 2323 Total views 21 Total shares FTX exchange co-founder and CEO Sam Bankman-Fried believes Ethereum (ETH) is incapable of handling decentralized finance’s (DeFi) growth.Talking to Camila Russo from the Defiant Podcast, Bankman-Fried says that…

Consulting Company Accenture Deploys DLT Platform for Software License Management
Global management consultancy firm Accenture has deployed a distributed ledger (DLT) platform created to manage and track software licenses, a press release reveals Monday, Nov. 12.To develop the solution for software management, Accenture has partnered with Digital Assets, a U.S.-based company providing DLT products for financial institutions. The new app uses Digital Assets’ smart contract…

SEC simultaneously approves Hashdex, Franklin’s Bitcoin-Ether ETFs
Securities exchange NYSE Arca has also expressed interest in listing a Grayscale crypto index ETF holding a diverse basket of spot crypto but has yet to receive approval.

Bitcoin network difficulty breaks 3-month downtrend to mark new ATH
Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high.

Trezor removes controversial address verification protocol, other wallets follow suit
One week after introducing the Address Ownership Proof Protocol, or AOPP, the hardware wallet company backtracked on its decision due to customer privacy concerns. 155 Total views 9 Total shares Since 2019, Swiss financial crypto intermediaries have required proof of ownership of an external wallet's address for Bitcoin withdrawals and deposits to their customers' non-custodial…

Facebook Revises Policy on Blockchain Ads, Crypto-Related Materials
Ads pertaining to blockchain tech, industry news, as well as events and educational materials for cryptocurrencies can now be displayed on Facebook without prior approval. The social media giant announced the development on Facebook Business on May 8.This marks a change from last year, when Facebook implemented a policy that required crypto and blockchain promoters…