JUST IN: Defunct 🇨🇦 Canadian crypto platform ezBtc has been found guilty of diverting CAD $13M ($9.5M USD) of customer assets to gambling sites and deceiving customers.
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ANALYSIS: Matrixport sees fresh fiat inflow into crypto despite BTC ETF outflows last week - possibly due to crypto market decline and Fed rate cuts expected soon.
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JUST IN: 🇹🇭 Thailand's securities watchdog has launched a sandbox for cryptocurrency businesses, aiming to balance regulatory oversight with fostering crypto innovation.
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JUST IN: A miner accidentally overpaid the commission by 1783900%, as a result of which he lost about $90 thousand for the transfer of 0.87 ETH ($2200). He mined these funds for 7 years.
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JUST IN: Coinbase took a strong stand Monday against the SEC's ongoing efforts to broaden the definition of "exchange," which could place the DeFi ecosystem under the regulator's control.
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JUST IN: Marathon Digital Holdings has announced a $250M offering of convertible senior notes due in 2031, targeting qualified institutional buyers. This move aligns with their strategy to go "full hodl" and make Bitcoin a strategic reserve asset.
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JUST IN: Tether is set to fight Celsius' $3.3 billion Bitcoin lawsuit, as the USDT stablecoin issuer prepares for a legal battle with the bankrupt crypto lender.
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JUST IN: 🇭🇰 Hong Kong plans to strengthen digital asset regulation within the next 18 months, advancing its goal to become a global fintech hub.
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JUST IN: Indian crypto exchange WazirX will roll back all trades and restore balances after a $230M hack in July.
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ANALYSIS: Four years ago, MicroStrategy embraced the Bitcoin standard. Since then, Michael Saylor's initiative has outperformed all key assets, companies, and indices in terms of growth dynamics.
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JUST IN: 🇺🇸 Santa Monica, CA, has launched a Bitcoin Office to educate, explore economic opportunities, and establish itself as a Bitcoin innovation hub. The office is partnering with Proof of Workforce, a nonprofit focused on Bitcoin education.
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JUST IN: According to Kaiko, BTC miner reserves drop to 3-year low, profitability drops significantly after halving.
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JUST IN: OKX CEO says any interaction between OKX accounts and crypto mixer Tornado Cash will result in such accounts to be closed.
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ANALYSIS: According to Glassnode, long-term holders continue to increase BTC purchases.
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JUST IN: OpenAI reports that its GPT-4o AI model poses a "medium risk" of influencing political opinions through generated text.
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RECENTLY: Michael Saylor was cut off after he said that BTC is a revolution and solves all the problems of traditional finance.
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ANALYSIS: BTC stocks on centralized exchanges continue to decline and are now at their lowest since November 2018, according to CryptoQuant.
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JUST IN: Bitdeer Technologies Group reported a nearly 50% year-over-year increase in Q2 2024 gross profits, driven by nearly doubling its in-house Bitcoin mining capacity, according to its Aug. 12 earnings report.
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JUST IN: The SEC formally charged Novatech, its founders Cynthia and Eddy Petion, and its promoters with fraud. The complaint alleges Novatech raised over $650 million from 200,000+ investors in an apparent Ponzi scheme.
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RECENTLY: Ripple has begun testing its Ripple USD (RLUSD) stablecoin on the Ethereum mainnet.
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JUST IN: MakerDAO is debating whether to block users from minting DAI against Wrapped Bitcoin (WBTC) after BitGo announced plans to transfer WBTC control to a joint venture with BiT Global and Justin Sun’s Tron ecosystem.
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JUST IN: Bitcoin miners' daily revenue has hit a new yearly low of $2.5M, but strategic overhauls are helping some companies stay profitable despite industry challenges.
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JUST IN: Defunct crypto exchange Celsius has filed a lawsuit against Tether, seeking $3.5 billion in BTC returns, damages, and legal fees, alleging misappropriation of assets.
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JUST IN: 💵 Bankrupt Crypto Lender Celsius Sues Tether for $2.4 Billion.
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JUST IN: The Federal Reserve has issued an enforcement action against Customers Bancorp, the parent company of Customers Bank, known for working with crypto exchanges and stablecoin issuers.
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JUST IN: $2,460,000,000 worth of Bitcoin & Ethereum options expire today.
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JUST IN: Tether to double its workforce by mid-2025 because it's going crap — Bloomberg.
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JUST IN: Onchain analytics provider IntoTheBlock (ITB) has integrated TON into its platform. Through a collaboration with the TON Foundation, the TON community will gain free access to advanced analytics.
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JUST IN: National securities exchange MIAX has withdrawn its proposal to list and trade options on spot Bitcoin ETFs.
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JUST IN: World Federation of Advertisers is shutting down after being sued by Elon Musk's X and Rumble, Fox business reports.
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