Stellar Makes Investment in MoneyGram
The Stellar Development Foundation (SDF), a non-profit organization, has made a strategic investment in money transfer service MoneyGram.
Robert Kiyosaki Predicts Bitcoin Will Hit $1M
Robert Kiyosaki has predicted that the result of the global financial crisis will be the rise of Bitcoin to an estimated $1 million.
FDIC: Cryptocurrencies Pose Risks to Banking System
The FDIC has noted in its annual review the potential for new and complex risks to the US banking system from crypto-related activities, citing fraud, legal ambiguities, misleading statements, and vulnerabilities in risk management.
Bitcoin’s Volatility Reaches Lowest Level in History
Bitcoin’s 30-day price volatility, measured on an annualized basis, has reached a record low of 15.5%.
Kraken Ventures Wants to Raise $100M
Kraken Ventures, the venture capital arm of crypto exchange operator Kraken, is in the process of raising its second fund in a challenging environment.
India’s Supreme Court Criticizes Lack of Crypto Regulation
India’s Supreme Court on July 27 criticized the government for delaying the development of a regulatory framework for digital assets in the country.
A US Court Overturns SEC’s Decision on SPIKES Futures
The US Court of Appeals for the District of Columbia has recently overturned an SEC ruling that would have treated instruments on the SPIKES index as futures instead of as securities futures.
Former FTX CEO Sam Bankman-Fried is Sent to Jail Pending Trial
FTX founder Sam Bankman-Freed has had his bail revoked by a federal judge and has been placed in custody until the next hearing.
Argentina is Reportedly Investigating Crypto Project Worldcoin
Argentina has announced the initiation of an investigation by a government information agency into the Worldcoin Foundation.
White Hat Hacker Retrieves $5.4M for Curve Finance
An ethical hacker seized on July 30 almost 3,000 ETH, worth approximately $5.4 million, from a malicious hacker exploiting the recent hack of the decentralized finance (DeFi) protocol Curve Finance.
Peru Introduces Mandatory Registration of Crypto Exchanges
Peru has recently signed a decree that will be part of its anti-money laundering regulations, which require companies that provide virtual currency storage and exchange services to report user transaction information to the Financial Intelligence Unit.
The Supply of Stablecoins is Decreasing
The overall supply of stablecoins has been on a decline for more than a year.
Malaysian Authorities Seize Illegal Crypto Miners
Sarawak Energy, Malaysia’s electricity supplier, discovered an illegal mining farm in Miri on the island of Borneo, according to local media.
