BitConnect promoter banned for 5 years by Sydney District Court
John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector.
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23-year-old Australian buys $314k property via planned crypto investments
Loi Nguyen started his journey as an investor back in 2017 by purchasing a few hundred dollars worth of BTC, ETH and traditional stocks. In November 2021, his crypto investments outweighed his entire stock portfolio. 284 Total views 17 Total shares A young resident from Queensland, Australia played the long game of accumulating Bitcoin (BTC)…

FTX collapse could see crypto sector layoffs accelerate
While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.” 790 Total views 60 Total shares The fall of crypto exchange FTX and potential resulting contagion could lead to an acceleration of crypto-company layoffs in the coming months, recruitment…

Man Accused of Stealing Over $9 Million Worth of Dash Indicted in Israel
An indictment has been filed against Afek Zard in Israel over the alleged theft of 74.990.74 Dash (over $9 million) from his roommate, local media News1 reports on April 18.According to CoinMarketCap data, the amount of coins stolen is equivalent to over 0.85% of the total circulating supply of Dash. News1 states that the reported…

Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April
Billion-dollar investment firm Rothschild Investment Corp quadrupled its exposure to Bitcoin (BTC) since April, new records show.In a filing with the United States' Securities and Exchange Commission (SEC) on July 17, Rothschild confirmed that it now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). Rothschild GBTC shares near 150,000A quiet but nonetheless substantial player among…

Proof-of-Ink to boost Web3 adoption, Fed rate cut could spur DeFi summer: Finance Redefined
Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkey’s CEO forecasted a resurgence in the DeFi market driven by lower interest rates.

Bob Dylan goes meta as Sony and Universal partner with Snowcrash NFT platform
Solana-based NFT marketplace Snowcrash will release NFT collections of Bob Dylan and Miles Davis later this year. 393 Total views 31 Total shares Solana-based NFT marketplace Snowcrash has announced that Sony Music and Universal Music Group — the two largest music labels in the world — have officially partnered with the upcoming platform. The two…

China suffers worst capital flight in years, but could it pump Bitcoin?
Bitcoin (BTC) could see “substantial inflows” from China within the next few months, amid a weakening Chinese yuan and one of the country’s biggest capital flights in years. “The familiarity of Bitcoin by Chinese investors in times of a weakening domestic economy could see substantial inflows into Bitcoin over the next few months,” said Markus Thielen

Hedera Wants to Provide Consensus as a Service for Enterprises, Says CEO
Hedera Hashgraph believes that enterprise blockchain platforms are not ideal for consensus between corporate actors, launching its consensus as a service model. 832 Total views 32 Total shares Hedera Hashgraph is positioning itself as a “Consensus-as-a-Service” blockchain, serving other enterprise chains with a hybrid network model.The concept was explained by Hedera CEO, Mance Harmon, at…