Bitcoin Mining Sector Is in a Consolidation Phase: Architect Partners
Miners want to secure large veri center capacity with access to low cost power and capital, the report said.
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MakerDAO Is Now ‘Sky’ as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token
The driving motivation behind the changes was “how to scale DeFi to gigantic size” and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk.
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First Mover Americas: Bitcoin Drops as Traders Take Profits
The latest price moves in crypto markets in context for Aug. 27, 2024.
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Telegram CEO’s Arrest Is Unlikely to Be the Last: Galaxy
Telegram and Pavel Durov were probably resisting takedown or information requests from Europe or France, the report said.
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Crypto Bank Xapo to Manage $200M Bitcoin-Denominated Hedge Fund With Hilbert Capital
The fund, set for launch in September, will be available to corporates, businesses and professional investors
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Telegram Under Scrutiny in India, But Ban not Imminent: Reports
One report said that India’s Information Technology Ministry asked the Nation’s Home Ministry for an update on where things stand in the Indian context and if there are any violations in India after Telegram CEO Pavel Durov was arrested in France.
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Jailed Binance Exec’s Nigeria Case to Be Heard a Month Early
The trial is set to resume next week after Tigran Gambaryan’s defense lawyers requested that the case be heard sooner than the planned date in October.
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Bitcoin Drops Below $63K on Profit Taking as SafePal’s SPF Gets Points Boost
QCP Capital noted an increase in call spread buying with the selling of calls marked for the $100,000 per bitcoin level. The strategy suggesting a generally bullish mood, but not an explosive move higher in the short term.
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Tokenization Pioneer Centrifuge Unveils Lending Market With Morpho, Coinbase
The institutional real-world asset lending market combines Coinbase’s layer-2 network, Base, and Morpho Vaults using three varieties of tokenized Treasury bills.
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Crypto Market Has Struggled Since Spot Ether ETFs Started Trading: Citi
Demand for digital assets has dried up in recent weeks and both bitcoin and ether ETFs have seen net outflows in the last month, the report said.