Day: 11 September 2024

Recent data from blockchain analytics firm IntoTheBlock (ITB) reveals a significant surge in Bitcoin outflows from exchanges, with approximately $750 million in assets withdrawn on September 10, 2024. This marks the largest net outflow of Bitcoin (BTC) since May, potentially signalling a shift in investor sentiment as the cryptocurrency's price ...

UAE-based fintech company Fasset has launched IOWN, an Ethereum Layer 2 blockchain designed to facilitate ownership of Real World Assets (RWA). According to the company's press release, the platform aims to democratize access to various asset classes, including commodities, real estate, stocks, and bonds, with a particular focus on individuals ...

Marco Monaco, the growth lead for ConsenSys' zk-rollup project Linea, has announced his resignation from the project. Monaco revealed his decision on September 11 via a post on X. During his two-year tenure with Linea, Monaco played a pivotal role in shaping the project's business vision and growth strategy. He ...

Bitcoin is currently suffering from an identity crisis. Though initially conceived as a decentralized, peer-to-peer electronic cash system, the cryptocurrency has evolved to embody two distinct, sometimes conflicting identities: a store of value akin to "digital gold" and a revolutionary form of digital money for everyday transactions. The duality of ...

Millions of potential Australian crypto investors are currently "sitting on the sidelines," waiting for more straightforward regulations around the market, according to a new report from local crypto exchange Swyftx.  The report, based on a survey of 2,229 adult Australians, provides insights into the current state of crypto adoption and ...

Caroline Ellison, former co-CEO of Alameda Research, is seeking a sentence of time served and supervised release instead of prison as her sentencing approaches on September 24. In their recent court filing, her attorneys highlighted her "extraordinary cooperation with the government". They argued that a sentence of time served, followed ...

Brazil's neobank Nubank has suspended trading its of native token, Nucoin. “From now on, the ability to buy and sell Nucoins within the app will no longer be available. Trading has been suspended, and Nucoins will only be used for redeeming benefits and products within the app,” Nubank noted in ...

Indodax, a crypto exchange formerly known as Bitcoin Indonesia, reportedly experienced an attack within the last twelve hours. An unidentified party withdrew tens of millions of dollars worth of crypto assets from the platform. On September 11, blockchain analytics firm SlowMist raised alarms in a post on X, reporting that ...