Category Archive: Cryptocurrency, No picture
Trump survives shooting incident at Pennsylvania rally, crypto markets react
Key Takeaways Donald Trump was attacked at a Pennsylvania rally but remained unharmed. Following the attack, the TRUMP (MAGA) memecoin price surged by 42%. Former President Donald Trump was targeted in a shooting at a campaign rally in Butler, Pennsylvania. The incident occurred shortly after Trump began speaking, prompting immediate security action. Crypto markets saw […]
Bitcoin Core devs adopt new security policy to curb outdated software use
Key Takeaways Approximately 6% of Bitcoin nodes run outdated software, exposing them to security risks. Bitcoin Core’s new disclosure policy aims to improve network security through transparency. Throughout their commit history, Bitcoin Core developers have only disclosed 10 vulnerabilities that could affect older versions of the Bitcoin client software. According to a report from Bitcoin […]
German govt runs out of BTC as Bitcoin eyes daily close above $58,000
Key Takeaways German government sold last 3,846 BTC, concluding 23-day process of liquidating seized assets. Bitcoin approaches key resistance levels after rebounding to $58,000 following recent pullback. The German government emptied its Bitcoin (BTC) wallet after moving the last 3,846 BTC to addresses tied to Flow Traders and an over the counter (OTC) service, according […]
VC funds pump $481 million into crypto startups in June
Key Takeaways Crypto startups received $481 million in VC funding in June, a 38.2% decrease from May. Infrastructure solutions dominated with $331 million, while DeFi and blockchain gaming saw increased investment. Crypto startups got $481 million from venture capital (VC) funds in June, a 38.2% drop compared to the total raised in May. As usual, […]
SEC ends three-year investigation into Bitcoin L2 Stacks and its developer with no enforcement action
Key Takeaways The US SEC concluded a 3-year investigation into Hiro Systems and Stacks. The outcome is seen as a win for the crypto industry, following a similar investigation closure with Paxos. The US Securities and Exchange Commission (SEC) has wrapped up its investigation into Hiro Systems, the developer behind Stacks, the layer 2 network […]
EthCC(7) – The quest for adoption continues
Disclaimer. This article is an opinion piece. The views expressed here are those of the author and do not necessarily represent or reflect the views of Crypto Briefing.EthCC(7) was a conference of contradictions. On the one hand, the market has grown significantly year over year, and so has the conference’s brand. On the other hand, […]
Centralized exchanges receive over 50% of illicit crypto funds: Chainalysis report
Key Takeaways Over 50% of illicit crypto funds end up at centralized exchanges, directly or indirectly. Stablecoins represent a growing portion of illicit funds in intermediary wallets. Over 50% of illicit crypto funds end up at centralized exchanges, either directly or after obfuscation, according to the “Money Laundering and Cryptocurrency” report by Chainalysis. The report […]
Whales add 71,000 BTC to their holdings during the dip
Key Takeaways Whales added 71,000 BTC worth $3.9 billion during recent price pullback. Bitcoin ETFs saw $300 million inflow on Monday, highest since early June. Bitcoin whales have added 71,000 BTC worth $3.9 billion to their portfolios during the recent market pullback, according to data from IntoTheBlock. This accumulation occurred as Bitcoin prices fell below […]
SEC greenlights banks to exclude crypto assets from balance sheets, with conditions
Key Takeaways The SEC is giving financial institutions a way out of reporting customer crypto on their balance sheets. The change could give crypto holders more options for storing their crypto with established financial institutions. The US Securities and Exchange Commission (SEC) is allowing some banks and brokerages to avoid reporting customer crypto holdings on […]
Crypto liquidity set for a boost after CPI came lower than expected, says Bitfinex analyst
Key Takeaways Lower-than-expected CPI data may increase crypto market liquidity and risk appetite. Bitcoin faces potential volatility as it struggles to maintain its position above $58,000. The US Consumer Price Index (CPI) inflation numbers coming below expectations today can boost liquidity for both equity and crypto markets, according to Jag Kooner, Head of Derivatives at […]
