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It’s official, Intel is part of the bitcoin mining business. The gargantuan technology company announced its “ultra-low-voltage energy-efficient” ASIC chip barely six months ago, and it’s already here.
More info: https://bit.ly/3Azi0tQ
Circle, the US-based payments company that issues the stablecoin USD coin (USDC), has denied that it is facing any sort of difficulty in maintaining the coin’s US dollar peg.
More info: https://bit.ly/3P4PFjp
The world’s largest payments network Visa which launched an exclusive VIP crypto credit card called ‘bitcoinblack’ in the United Arab Emirates, a press release stated on July 3.
The card is secured by the holder’s cryptocurrency and offers premium benefits such as a no-spend limit in any place in the world where Visa is accepted, as well as rewards of up to 10% back in exclusive SPND tokens.
More info: https://bit.ly/3Aqk0ou
The security breach, which occurred sometime in 2022, exposed the personal data of over 1 billion Chinese citizens. The information has now been put it up for sale on both the open and the dark web. It includes names, addresses, government ID numbers, mobile numbers and other sensitive details.
More info: https://bit.ly/3P4xIS3
South Korean tech giant Samsung has started producing chips using its latest 3-nanometer (nm) technology. One of the earliest clients for Samsung’s 3nm chips could be a Chinese chip firm specializing in Bitcoin mining.
More info: https://bit.ly/3Alc3AH
Meta has begun the roll out of a non-fungible token (NFT) feature on Facebook, just a week after chief executive Mark Zuckerberg had announced the plan.
More info: https://bit.ly/3OWJYUA
Ankr, a node infrastructure provider for proof-of-stake blockchains, has suffered a domain name system (DNS) hijack on the endpoints for Polygon and Fantom, according to a tweet by Polygon's chief information security officer Mudit Gupta.
More info: https://bit.ly/3y1Fy7O
Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security.
More info: https://bit.ly/3yzuBvZ
The Commodity Futures Trading Commission filed a lawsuit today against Cornelius Johannes Steynberg and Mirror Trading International Proprietary Limited (MTI), charging them with fraud and registration violations.
The complaint accuses Steynberg of engaging in an international fraudulent multilevel marketing (MLM) scheme that brought in 29,421 BTC, worth over $1.7 billion.
More info: https://bit.ly/3nvQBkU
Cryptocurrencies are popular, despite their wild price swings. Ergo, it is no surprise that Jacobi Asset Management announced on Thursday that it would introduce the first Bitcoin exchange-traded fund (ETF) in Europe on the Euronext exchange.
More info: https://bit.ly/3bFEkb4
Despite its skeptical approach to digital currencies, exacerbated by the recent cryptocurrency market crash, it looks like the Bank for International Settlements (BIS) intends to extend its hand to the new asset class by allowing banks to hold up to 1% of reserves in cryptocurrencies such as Bitcoin (BTC).
More info: https://bit.ly/3OxJ94B
Grayscale Investments has launched a legal challenge against the Securities and Exchange Commission (SEC) after being denied its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund (ETF).
More info: https://bit.ly/3y8naKA
The Pentagon has commissioned a study that has discovered some concerning vulnerabilities, detailed in an accompanying report.
“The number of entities sufficient to disrupt a blockchain is relatively low: four for Bitcoin, two for Ethereum, and less than a dozen for most PoS networks.”
More info: https://bit.ly/3QXwcmb
Michael Saylor's company has purchased another lump of Bitcoin evaluated at roughly $10,000,000, according to a tweet the CEO posted just now.
The average price paid for Bitcoin by the software intelligence giant MicroStrategy was $20,817 per one BTC. As of now, the company has 129,699 Bitcoins in its storage worth nearly $4 billion.
More info: https://bit.ly/3I4pbwc
A court in the British Virgin Islands on June 27 ordered the liquidation of Singapore-based 3AC, the British news agency Sky News reported on Wednesday.
3AC reportedly borrowed BTC From crypto lending firm BlockFi but was unable to meet a margin call due to the bear market. The VC firm was estimated to incur $400 million in liquidations across multiple positions.
More info: https://bit.ly/3nomV9d
In a recent interview with Bloomberg, the SpaceX CEO opened up about the reason he had gotten into the meme coin in the first place.
“I just had a lot of people who are not that wealthy, who have encouraged me to buy and support Dogecoin,” Musk said. “So I’m responding to those people. Just people that work in the factory of SpaceX or Tesla, they’ve asked me to support Dogecoin.”
More info: https://bit.ly/3ubPdHQ
Russian lawmakers recently approved a draft law that could possibly exempt digital asset issuers from making value-added tax payments. It has also established new tax rates on income earned through the sale of such assets.
More info: https://bit.ly/3OwG4Sj