Chiliz’ Socios.com secures in-principle license approval in Malta
A Class 3 VFAA license will allow Socios.com to provide any digital asset service and hold or control clients’ assets as they provide virtual financial asset services.
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44 Percent of Russians Have Heard of Cryptocurrency, New Survey Reveals
Almost half of Russians have heard of cryptocurrencies, and 13 percent claim to have a good understanding of them, a survey conducted by research holding Romir revealed August 7. Romir, a representative of the Gallup International Association in Russia, asked 1,500 Russian residents about their knowledge of cryptocurrency, as well as their plans to interact…

DBS Bank to offer cryptocurrency trading in Hong Kong
As Hong Kong has been opening up to crypto, major financial institutions like DBS Group are targeting new crypto services in the Chinese territory. 142 Total views 4 Total shares Own this piece of history Collect this article as an NFTSingapore state-owned megabank DBS Group is planning to expand its cryptocurrency services to Hong Kong…

Why are memecoins down today?
Memecoins underperform the wider crypto market after double-digit weekly losses surpass the sell-off in BTC and ETH.

Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price
BTC bulls seem to believe the bounce off $39,650 marked the bottom, but bears warn that a looming death cross on the daily chart is a sign of further downside. 432 Total views 9 Total shares Bitcoin price made a quick pop above $43,100 in the U.S. trading session but uncertainty is still the dominant…

OpenAI is building a new AI model under code name 'Strawberry': Report
Strawberry extends on OpenAI’s Q* project announced last November, which some described as a technical breakthrough allowing for the development of “far more powerful” AI models.

BlackRock revises spot Bitcoin ETF to enable easier access for banks
BlackRock has revised its spot Bitcoin (BTC) exchange-traded fund (ETF) application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash, rather than just crypto. The new in-kind redemption “prepay” model, will allow banking giants such as JPMorgan or Goldman Sachs to act as authorized participants

More IRS crypto reporting, more danger
The United States Internal Revenue Service classifies crypto as property, meaning you can trigger taxes every time you use crypto to buy something. You might be using it to pay for a Tesla electric vehicle — oh, sorry, that’s not possible anymore — a cup of coffee or even a castle in Europe. You might…

Study: Bitcoin Whales Are Not Responsible for Volatility
A new study by blockchain research firm Chainalysis shows that Bitcoin (BTC) whales are not responsible for price volatility. The study examined the 32 largest BTC wallets, which reportedly represent 1 million BTC, or around $6.3 billion.BTC whales are individuals or entities that own large amount of the cryptocurrency and are said to exert influence…