As a seasoned investor with over a decade of experience in the crypto market, I find the recent developments at Coinbase truly intriguing. Having used multiple wallets across various platforms throughout my investing journey, I can personally relate to the inconvenience of managing multiple portfolios.
The dynamic world of cryptocurrencies continues to unveil a steady stream of developments that leave us playing catch-up at times. Last week, we delved into Mt. Gox’s latest news, ConsenSys advancements, the emergence of new crypto regulations in the EU, and the ongoing discussions surrounding SBF. However, this week introduces fresh updates and significant occurrences that merit our attention and analysis.
Thus, let’s talk about the latest cryptocurrency news.
Top of the Latest Crypto News of This Week
As a researcher, I’m excited to share that last week brought some significant developments within the crypto sphere, particularly around Solana and Cardano, two highly-regarded cryptocurrencies.
Solana Client Launched $1 Million Bug Bounty
Summary
Firedancer, who is about to become an independent validator on the Solana network, has announced a bug bounty program offering a total reward of $1 million.
Details
An upcoming Solana validator named Firedancer has declared a reward program for Solana developers. This event, which commenced on July 10 and concludes on August 21, offers an enticing prize of $1 million, payable in USDC (USD Coin), to those who successfully identify and report bugs within the system during this period.
Firedancer’s new bug bounty program is a pioneering initiative, made possible through a collaboration between Firedancer and Jump Crypto, utilizing the bug bounty platform Immunefi for its implementation.
Source: Cointelegraph
Cardano Released “Node 9.0”
Summary
As a crypto investor excited about Cardano, I’m thrilled to share that our beloved project has recently released an updated version of its validator node software – Node 9.0. This announcement comes at an opportune time as we gear up for the upcoming Chang hard fork.
Details
As a researcher studying the Cardano blockchain, I’m excited to share that on July 8, 2024, we launched Node 9.0, the latest iteration of our validator node software. This announcement came shortly after a teaser from Charles Hoskinson, our project founder, in a YouTube video. With this achievement, Cardano has reached yet another significant milestone before the eagerly anticipated Chang hard fork.
As a researcher studying the blockchain ecosystem, I can tell you that the Chang hard fork marks a pivotal moment for Cardano. This update signifies a major shift towards fully decentralized governance within the network. It heralds the beginning of an exciting new era in Cardano’s development, known as “Age of Voltaire.” During this phase, we can anticipate substantial changes to Cardano’s governance system, making it more robust and adaptable than ever before.
Source: Yahoo Finance
Top of the Latest Cryptocurrency News on Markets
As a market analyst, I’d say that the cryptocurrency landscape is influenced by various factors, such as modifications in exchanges, their corresponding fees, volatility in crypto prices, and other significant events. Recently, BlackRock and the widely-used Fear & Greed Index have been under the microscope.
BlackRock’s BUIDL Reached $500 Million
Summary
Reaching a market value of half a billion dollars, BlackRock’s BUIDL now holds the title as the largest investment product of its kind in the marketplace.
Details
The BlackRock USD Institutional Digital Liquidity Fund has attained a market capitalization of $500 million, making it the first-ever tokenized treasury fund to achieve this impressive milestone. As a result, it surpassed the Franklin OnChain US Government Money Fund (BENJI), previously the largest tokenized treasury fund, in size.
The cost of BUIDL remains constant at one US dollar, while it distributes daily dividends to investors as part of its collaboration with Securitize, a reputable firm specializing in the digitization of real-world assets.
Source: TradingView
The Fear & Greed Index Reached the Lowest Level Since Early 2023
Summary
The Fear & Greed Index reached 27 on July 9, this being the lowest level since January 2023.
Details
Based on Glassnode’s analysis, the Crypto Fear & Greed Index touched its lowest point since early 2023, recording a worrying value of 27 on July 9, 2024. Two months following the FTX collapse in January 2023, the index had also displayed a similar level of pessimism at 26.
The unexpected and alarming decrease in Bitcoin‘s value was driven by two significant occurrences: the German government disposing of its Bitcoins, and Mt. Gox settling its debts. These events led to a dramatic drop in Bitcoin’s price from around $63,000 at the end of June to under $53,000 on July 5.
Source: Cointelegraph
Top of the Latest Cryptocurrency News on Regulation
Due to heightened scrutiny from regulatory bodies like the SEC (Securities and Exchange Commission) towards crypto projects, and with other jurisdictions keeping a close eye on the industry, it’s unsurprising that crypto regulation made headlines last week. Notably, Paxful has garnered significant attention.
Paxful Co-Founder Pleaded Guilty Amid AML Accusations
Summary
The founder of Paxful admitted his guilt in a conspiracy to create an anti-money laundering (AML) program, facing a potential imprisonment term of up to five years.
Details
Artur Schaback, the co-founder and ex-CTO of Paxful crypto exchange, admitted guilt for conspiring not to create, improve, or adhere to a required anti-money laundering (AML) program. The US Department of Justice and the Office of Public Affairs disclosed that Schaback neglected to gather necessary “know your customer” (KYC) information from Paxful’s clients between July 2015 and June 2019.
The sentencing hearing for Artur Schabak, one of Paxful’s co-founders, is set for November 4, 2024. He could potentially spend up to five years in prison if found guilty. Ultimately, the decision on his sentence will rest with the federal district court judge, taking into account the US Sentencing Guidelines.
Source: CryptoPoptato
Top of the Latest Cryptocurrency News on NFTs
Pudgy Penguins to Enable Access to Its Virtual World
Summary
Pudgy Penguins unveiled a collaboration with Unstoppable Domains, granting users entry to Pudgy World utilizing customized .pudgy domain names.
Details
Pudgy Penguins NFT collaborationed with Unstoppable Domains, a leading Web3 domain developer, granting its community members exclusive entry to Pudgy World via customized .pudgy domain names. This partnership was publicly disclosed on July 10th through various press statements. Consequently, .pudgy domain owners will be able to access the virtual realm by simply utilizing their unique domains as sign-in credentials.
With this update, users will enjoy a more enhanced sense of control over their Pudgy World experience. The necessity of logging in with Web2 authentication credentials will be eliminated, thereby removing the reliance on conventional passwords.
Source: CryptoDaily
Top of the Latest Cryptocurrency News on DeFi
Goldman Sachs Announced 3 New Tokenization Products for 2024
Summary
Goldman Sachs has revealed plans to introduce three novel tokenization offerings before the year’s close. Among these innovations, the most captivating is the establishment of marketplaces for Repo-Warrants (RWAs).
Details
In 2024, Goldman Sachs, a leading global investment bank, plans to introduce three innovative tokenization offerings into the market.
As a crypto investor, I’m excited about one of the three offerings in the market. This particular product is all about tokenized real-world assets (RWAs) and it brings some significant benefits to the table. Firstly, it reduces transaction times compared to traditional methods. Secondly, it broadens the scope of assets that can be utilized as collateral. And last but not least, the financial institution employs permissioned blockchains to ensure better control over transactions and adhere to regulatory requirements.
Source: Blockonomi
Coinbase Launched Unified On-Chain Monitoring Through New Wallet App
Summary
As a researcher, I would describe it this way: Coinbase has recently introduced an upgraded version of their crypto wallet. With this new feature, users are now able to consolidate various portfolios into a single, unified account.
Details
Coinbase, a major player in the cryptocurrency exchange scene, has introduced an updated version of its digital wallet. This innovation enables users to manage all their portfolio holdings in one convenient application, across various platforms.
As a seasoned user of various cryptocurrency wallets, I’m thrilled about the latest feature introduced by Coinbase. This new service allows users to connect their self-custody wallets, such as MetaMask or Phantom, to the Coinbase platform, regardless of whether they have a Coinbase wallet or not. The convenience this brings is immense.
Coinbase’s latest wallet update allows users to manage digital assets from Bitcoin, Solana, and Ethereum blockchain networks at no cost. According to the senior product manager at Coinbase, Sid Coelho-Prabhu, there will be no fees associated with this functionality.
Source: Cointelegraph
Portal Launched an Interoperability Platform for Blockchain Gaming
Summary
Portal introduced Portal Pay, enabling gamers to process transactions in over 5,000 different digital currencies within the supported games.
Details
The distribution platform for Web3 games, Portal, introduced Portal Pay – a cryptocurrency payment system designed for seamless cross-chain compatibility between Web3 games and decentralized applications (dApps). By implementing this solution, Portal aims to revolutionize the crypto gaming sector by enhancing the experience for both game creators and players.
With Portal Pay, gamers can make transactions using more than 5,000 different digital assets directly in a game. This service also enables game creators and developers to receive payments in their chosen digital currencies via the platform’s intelligent swap function.
Source: CoinTrust
Top of the Latest Cryptocurrency News on Altcoins
Trump Memecoin Surprising Increase After Assassination Attempt
Summary
After the attempt on the life of the former U.S. president and current presidential hopeful, Donald Trump, the most popular Trump-themed meme cryptocurrency experienced a notable increase, jumping approximately 50%.
Details
The value of Maga Coin (TRUMP), which is modeled after Donald Trump and is a memecoin, significantly rose by nearly 50% following the assassination attempt at one of his rallies in Pennsylvania. In a short timeframe, TRUMP’s price climbed from $6.31 to $10.36, and its market capitalization escalated from $293 million to $469 million.
Following an assassination attempt on July 14, 2024, during a rally in the suburbs of Pennsylvania, Donald Trump, the 45th US president, experienced an attempted killing.
Among Trump-themed memecoins, Maga Coin (TRUMP) presently holds the top spot in terms of price and market value.
Source: Nairametrics
Read More
- DOP PREDICTION. DOP cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- Top gainers and losers
- KAI PREDICTION. KAI cryptocurrency
- STOG PREDICTION. STOG cryptocurrency
- MOCHI PREDICTION. MOCHI cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- NABOX PREDICTION. NABOX cryptocurrency
- FEG PREDICTION. FEG cryptocurrency
2024-07-16 11:01