Blockchain database firm SxT Labs raises $20M in Series A round
Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital, along with Microsoft’s M12 Ventures and OKX Ventures, backed SxT Labs’ Series A round.
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FBI issues public warning over fake crypto apps
The Federal Bureau of Investigation (FBI) has issued a public warning about fraudulent cryptocurrency apps, which have swindled U.S. investors out of an estimated $42.7 million so far. According to an advisory published on July 18 by the securities and intelligence agency, cybercriminals have created apps using the same logos and identifying information as legitimate crypto…

UAE’s central bank approves custodial risk insurance product for digital assets
OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.

THORChain brings DeFi yields and swaps to DOGE
Dogecoin users can now swap their favorite memecoin for native BTC, ETH, BNB and stablecoins using THORSwap. 1046 Total views 8 Total shares Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) — bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin.Beginning this week, users have the ability to swap…

Transak hit by data breach, 92K users exposed
Transak disclosed a data breach affecting over 92,000 users after a phishing attack compromised an employee’s laptop.

Human Rights Foundation CSO urges Time readers not to ‘demonize’ Bitcoin
“Bitcoin is neutral like cash, and can’t discriminate between good and bad,” said Gladstein. 1365 Total views 11 Total shares Alex Gladstein, chief strategy officer at the Human Rights Foundation, is warning Americans about the narrative coming from media outlets reporting on crypto and other privacy tools.In an article for Time Magazine published today, Gladstein…

North Korea Needs Its Own National Crypto, CBDC Fever Spreads in Asia
It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all required resources — both technical and human — to implement this task. Will the government of the most isolated country in…

Craig Wright Uses Falsified Docs to Prove Innocence in Kleiman Case
Self-proclaimed Bitcoin (BTC) creator Craig Wright has allegedly provided fabricated court documents to prove a trust deed with his plaintiffs, as seen from documents revealed by trial lawyer Stephen Palley on Twitter on July 3.According to Palley, the self-styled Satoshi Nakamoto has failed to prove his case by presenting court documents that Palley alleges to…

Derivatives data shows pro traders turning bullish on EOS price
EOS rallied in May after Block.one, a blockchain software firm, announced a $10 billion funding round to build an EOS-based crypto exchange platform called Bullish. The EOSIO development company revealed that it had raised capital from Peter Thiel and Mike Novogratz, as well as hedge fund managers Alan Howard and Louis Bacon.In light of the…