Tether’s development team is close to finishing a set of “well polished” JavaScript libraries, according to a recent tweet from Paolo Ardoino, the company’s chief technology officer (CTO) and the CTO of Bitfinex and Tether. These libraries are made to control and communicate with several varieties of bitcoin miners, such as WhatsMiners, AntMiners, and Avalon

Cardano, a well-known Proof-of-Stake (PoS) Layer-1 smart contract network, has been the subject of a recent report by Messari, a renowned source of cryptocurrency research and insights. The study provides a thorough review of the Cardano ecosystem’s performance, financial situation, ecosystem, staking, and decentralisation, as well as noteworthy community and development events. It emphasises crucial

OPNX exchange makes a proposal for Hodlnaut, If the agreement is accepted, Hodlnaut would receive a capital infusion of almost $30 million worth of FLEX tokens to help pay off creditors and settle unpaid claims. Hodlnaut, a cryptocurrency lender, looks to have located a white knight investor to help it exit bankruptcy. A 75% takeover

Bitcoin-friendly,Francis Suarez, mayor of Miami, said on Friday that his presidential campaign will now accept bitcoin (BTC) contributions. “Officially, my campaign is accepting bitcoin,” Suarez declared. In his words, “This is a process of developing technologies that are going to create democratising opportunities for wealth creation and are not manipulated by a human being’s ulterior motives, political goals, etc.” Supporters can donate as little as 0.00034 bitcoin, or the equivalent of $1, at FrancisSuarez.com, he said. Suarez criticised the way the Biden administration handled cryptocurrency. The main error this administration has made, according to Suarez, is that they don’t comprehend cryptocurrency and instead of establishing the rules, they have chosen to regulate by enforcement. “You have to be able to classify certain digital products, and you have to be able to have certain guidelines and rules that are clear with respect to the custody of assets.” Suarez also declared that he would outlaw digital money issued by a central bank.“Nobody wants the government to know where they keep their money and how much they have,” There isn’t anything particularly new about that, in my opinion,” he remarked.Republican Suarez declared his candidature for president in June, joining a crowded GOP primary field that includes front-runners Ron DeSantis of Florida and former President Donald Trump.Given that the mayor of Miami has long been a champion for digital assets, particularly bitcoin, which he has claimed will have a “democratising impact on the future of wealth for every American,” the decision to enable bitcoin payments for donations shouldn’t come as a surprise. He accepted payment in bitcoin and has promised to turn Miami into a centre for bitcoin. Suarez has already conducted numerous trials with digital assets, such as the introduction of MiamiCoin (MIA) in 2021, which he intended to utilise in the future to pay Miami residents a reoccurring bitcoin stimulus, comparable to a dividend paid to shareholders of a firm. However, the cryptocurrency has underperformed, with a 95% value decline since debut. Suarez, though, is still quite active in the sector and has stated that the nation needs a president who is familiar with cryptography and artificial intelligence.

The demand for hedging tools among investors helped the world’s largest derivatives exchange, Chicago Mercantile Exchange (CME), report double-digit growth in the volume of crypto options trading in July. Data recorded by CCData show that trading activity increased 24% to $940 million, marking the first gain in four months. The volume of options on bitcoin (BTC) increased by 16.6% to $734 million, while the volume of options on ether (ETH) increased by 60% to $207 million. According to CCData, “the rise in BTC options volume on the CME suggests that institutions may be hedging their positions with options as market uncertainty persists.” Options are derivative contracts that grant the buyer the option to buy or sell the underlying asset at a defined price on or before a given date.The right to buy is granted by a call option, while the right to sell is granted by a put option. The buyer of a CME option has the option to purchase or sell one bitcoin futures contract at a certain price at a later date. Based on the exchange’s cash-settled standard and micro BTC and ETH futures contracts, CME provides bitcoin and ether options. 5 BTC and 50 ETH are the sizes of standard contracts. One tenth of a bitcoin and one tenth of an ether make up the micro ones. Both bitcoin and ether experienced 4% declines in July as investor excitement over the prospective introduction of a bitcoin exchange-traded fund waned, regulatory uncertainty increased, and hacking into decentralised financial systems shook confidence. It was justified to use options to hedge directional exposure in the cryptocurrency market since bitcoin traded more often with stocks and gold than it did in the second half of June. In accordance with the general slowdown, the combined activity in CME BTC and ETH futures decreased. According to CCData, CME futures volume decreased 17.6% to $39.1 billion, while derivatives trading volume overall (including futures and options) decreased 17.0% to $40.1 billion. The total amount of cryptocurrency traded in spot and futures on centralised exchanges dropped by 12% in July to $2.36 trillion. The only month to have a lower combined volume on centralised exchanges since December 2020 was December 2022, according to CCData.

The first edition of trading platform GMX’s version 2 went live on Thursday with a modest start that brought in just over $1.2 million for its liquidity pools. On the Arbitrum layer 2 network, the most well-known decentralised exchange, GMX, offers users a low-cost on-chain interface through which they can trade spot and perpetual futures. The rise of the Ethereum-based Arbitrum, which allowed GMX to provide traders with a service for leveraging leverage to gamble on price movements of significant tokens like bitcoin (BTC) and ether (ETH), is partly responsible for its current popularity. V2 will coexist with the GMX platform as it is right now.In an effort to encourage trading activity and boost revenue, it increases the list of tradable assets to include alternative currencies like dogecoin (DOGE) at lower costs than version 1. On V2, individual GMX Market, or GM, pools provide liquidity.Users who lock their tokens on GMX are known as liquidity providers, and they are compensated with a portion of the fees collected through services like leveraged trading, borrowing, and swaps. Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), and Arbitrum (ARB) are some of the initial GM pools, along with SOL, XRP, LTC, and DOGE on the Avalanche network. An index pool token, a short token that backs positions betting on lower prices, and long tokens that back positions betting on higher prices make up a GM pool. The solana pool is paying 47% as of Friday, while the GM pools for DOGE are paying up to 45% annualised. It is possible for the prices to alter. The launch of V2 might improve GMX’s standing among traders in a market that is becoming more and more cutthroat.Ultimately, gmx (GMX), the governance token that bears GMX’s name, may gain value due to alluring prizes and greater revenues. According to DefiLlama data, GMX secures around $447 million on Arbitrum and $74 million on the Avalanche network.The exchange has transacted tokens worth over $117 billion and earned $184 million in fees from just its Arbitrum users.

The diversified holding company Ault Alliance, Inc. (NYSE American: AULT) declared recently that its wholly-owned subsidiary Sentinum, Inc. had mined a total of 909 Bitcoins between January 1, 2023, and July 31, 2023. Details on the company’s Bitcoin mining operations are included in the announcement, which was made in Las Vegas. Two different processes were

The CDC expressed delight with the decision, noting that it was in line with their amicus curiae brief in favour of Ripple. The Chamber of Digital Commerce (CDC), a blockchain and digital asset advocacy group based in the United States, released a thorough report on the U.S. Securities and Exchange Commission’s (SEC) legal action against

According to the company that told CoinDesk, digital bank Revolut is shutting down its cryptocurrency platform in the United States due to an unsteady regulatory climate. In a message to local clients, the bank stated that U.S. consumers will no longer be able to purchase cryptocurrency through Revolut as of September 2 but will still

A company that provides financial services for digital assets called HaskKey Capital has announced intentions to introduce a liquid digital assets fund on September 1 that will be overseen by the Hong Kong Securities and Futures Commission (HK SFC). The open-ended fund, which will only invest in digital assets, will have a minimum fundraising goal

A stablecoin tethered to the dollar has been launched by Latin American cryptocurrency services firm Ripio, in part to give Argentinians a mechanism to shield their investments from inflation. According to the business, Ripio users in Argentina, whose annual inflation is 115%, can already buy the UXD stablecoin, also known as the Criptodólar. The stablecoin,

According to court documents dated Thursday, bankrupt cryptocurrency exchange FTX seeks to keep its Dubai branch out of the wind-down procedures in the United States. In November of last year, FTX initiated Chapter 11 litigation for 102 related corporations from all around the world. One of the entities included in the proceedings was FTX Dubai,

The SEC revealed on recently that it has won a temporary asset freeze and a restraining order against an alleged fraudulent scheme based in Utah that raised almost $50 million by selling cryptocurrency to hundreds of American investors. The SEC accused DEBT Box, a firm situated in Draper, Utah, as well as its four founders

The Australian division of social investment platform eToro (eToro Aus Capital Limited) has been sued by the nation’s markets regulator for allegedly breaking “design and distribution obligations and of eToro’s licence obligations to act efficiently, honestly and fairly”, The claims made by Australia’s Securities and Investments Commission (ASIC) concern eToro’s contract for difference (CFD) product,

According to a statement published on the ministry’s Facebook page on Wednesday, Kenya’s Ministry of the Interior has suspended the operations of Worldcoin, the identity crypto protocol co-founded by Sam Altman of OpenAI, while the nation’s financial, security, and data protection services look into the project’s legality and data protection. “The Government is concerned by the ongoing activities of an organization calling itself ‘WORLD COIN’ which is involved in the registration of citizens through the collection of eyeball/iris data,” said the statement signed by Minister Kithure Kindiki. Worldcoin is working to develop a system for universal identification based on iris scans that may be used to demonstrate an agent’s humanness and individuality.This might be very important in a world where agents with artificial intelligence are involved in the economy, according to the initiative.However, the gathering of biometric information and the registration process in underdeveloped nations have come under fire, including charges of exploitation.According to a statement, many European regulatory bodies, including the Bavarian data protection body that oversees the company, have begun investigations into Worldcoin.Kenya, however, is the first nation to take things a step further and shut down the business totally while local authorities look into it. Since the project’s introduction last week, those who had their irises scanned have obtained WLD tokens.According to statistics from CoinMarketCap, the token has increased 1.9% in the last day to reach $2.38 on cryptocurrency markets.By the time this article was published, Worldcoin had not reacted to any request for comment.

On July 28, Volatility Shares submitted a filing for their ether futures ETF. In the event that the SEC does not reject the application, the first Ethereum futures ETF might launch on October 12. Following the buzz surrounding the bitcoin spot ETF a few weeks ago, as many as six organizations have submitted applications with

According to a statement published on the ministry’s Facebook page on Wednesday, Kenya’s Ministry of the Interior has suspended the operations of Worldcoin, the identity crypto protocol co-founded by Sam Altman of OpenAI, while the nation’s financial, security, and data protection services look into the project’s legality and data protection. “The Government is concerned by the ongoing activities of an organization calling itself ‘WORLD COIN’ which is involved in the registration of citizens through the collection of eyeball/iris data,” said the statement signed by Minister Kithure Kindiki. Worldcoin is working to develop a system for universal identification based on iris scans that may be used to demonstrate an agent’s humanness and individuality. This might be very important in a world where agents with artificial intelligence are involved in the economy, according to the initiative. However, the gathering of biometric information and the registration process in underdeveloped nations have come under fire, including charges of exploitation. According to a statement, many European regulatory bodies, including the Bavarian data protection body that oversees the company, have begun investigations into Worldcoin. Kenya, however, is the first nation to take things a step further and shut down the business totally while local authorities look into it. Since the project’s introduction last week, those who had their irises scanned

The Group of Twenty (G20) note on cryptocurrency was published by India, the G20’s current president, in an effort to have its recommendations taken into consideration for creating international crypto regulations. The memo assumes importance because it represents India’s formal suggestions before the Financial Stability Board (FSB) and International Monetary Fund (IMF) jointly prepare a

For its future cryptocurrency exchange business, which it hopes to start in August, Binance Japan has recently released specific plans. . In comparison to significant domestic rivals Bitbank (30 coins), GMO Coin (26 cryptocurrencies), and Coincheck (22 cryptocurrencies), Binance Japan will handle 34 cryptocurrencies. By handling the most cryptocurrency upon launch, Binance Japan is the

South Korea is moving forward with its plans to introduce a central bank digital currency (CBDC) by selecting just three areas to serve as a pilot project. According to a report from a local South Korean media outlet on July 31, 2023, the Bank of Korea has chosen Jeju, Busan, and Incheon as contenders for

The legal team at Davis Polk has submitted a response letter to GBTC’s upcoming 19b-4 filing as Grayscale Investments waits for a ruling from the DC Circuit in their litigation to convert GBTC to a spot bitcoin ETF. This also contains seven additional spot bitcoin ETF applications with recently announced surveillance sharing agreements (SSAs). Grayscale’s

The newly formed platform of Binance Japan, a division of Binance, will start onboarding users in Japan.Regulators had already warned the exchange that it was operating illegally in the nation.Customers in Japan who are currently with the local subsidiary may switch as of August 14.Spot trading, product rewards, and a non-fungible token (NFT) market are all accessible to users.34 coins, including the native BNB token of the Binance Smart Chain, which is now available in Japan for the first time, will be available for trading. Sakura Exchange BitCoin (SEBC), a licensed cryptocurrency exchange, was acquired by Binance in November of last year.In recent months, Coinbase (COIN) and Kraken discontinued operations in the nation, claiming “market conditions” as the cause. Japanese decision-makers hinted at the development of further Web3-related policies last week at the WebX conference in Tokyo.

After the U.S. District Court decided on July 13 that Ripple Labs did not break the law by selling its XRP coin on cryptocurrency exchanges, Coinbase (COIN) shares have outperformed the market.Investment bank Berenberg said in a research report on Tuesday that another judge from the same court, however, strongly rejected the Ripple decision on Monday. “In his ruling, U.S. District Judge Jed Rakoff of the Southern District of New York rejected Judge Torres’ distinction between institutional sales and sales to retail investors on crypto exchanges, which he characterized as a misinterpretation of the Howey test used to determine if an asset is a security,” analysts led by Mark Palmer

The Securities and Exchange Commission of Nigeria (SEC) has severely cautioned against using Binance. According to a statement from the Commission, Binance’s activities and business practises in Nigeria are illegal. According to the official circular, the platform for Binance, which can be accessible at www.binance.com, is “neither registered nor regulated by the Commission.” In Nigeria,

Binance has made history by becoming the first cryptocurrency exchange to be granted an Operational MVP Licence by the Virtual Assets Regulatory Authority (VARA) of Dubai. With the use of this licence, Binance will be able to provide regulated virtual asset exchange services in Dubai, demonstrating its dedication to compliance and cooperation with regional regulators.

The worst month of the year was July, when exploits and attacks cost cryptocurrency investors $303 million.The most recent reminders of decentralized finance’s vulnerabilities came from attacks on Curve Finance and Multichain.Security audit company CertiK stated that cryptocurrency traders had lost $303 million worth of digital assets this month as a result of hacker assaults and cryptocurrency exploits, making July on track to be the worst month of this year thus far in terms of value stolen. The release of the research coincides with investors in decentralized finance (DeFi) still in shock following this past weekend’s abuse of Curve Finance, a crucial piece of the DeFi ecosystem’s infrastructure.Since Sunday, the popular smart contract coding language Vyper has had some versions vulnerable, allowing hackers to steal $52 million in digital assets from the protocol.Around $125 million worth of assets were taken from the Multichain blockchain bridge protocol earlier this month.The platform suddenly stopped operating and claimed that chief executive Zhaojun had been detained by Chinese officials in May. The DeFi protocols are the most susceptible components of the crypto ecosystem, according to Ari Redbord, head of legal and government affairs at blockchain intelligence company TRM Labs, who also noted that exploits are still occurring at a “unprecedented” speed and scale. According to CertiK’s data, of the $303 million this month, investors lost around $285 million due to hacks and exploit attempts, including the Multichain and Curve attacks.Assets worth about $8.7 million were misused by flash loans.This is a sophisticated exploit platform that dispenses with third parties by allowing traders to borrow unsecured funds using smart contracts.Although these loans are legitimate, they are occasionally used by attackers to affect the price of smaller, less liquid tokens.The most famous instance included Conic Finance’s use of flash loans to drain 1,700 ether (ETH), which was valued $3.26 million at the time, from the DeFi protocol. Investors lost roughly $8.6 million due to exit scams.These scams, often known as “rug pulls,” involve developers marketing a fresh idea to raise money then sapping liquidity.

Despite the local government’s efforts to make the territory a crypto hub, crypto firms in Hong Kong are having trouble opening corporate bank accounts.According to a story in the Hong Kong Economic Journal, the director of commercial and client services at the Hang Seng Bank, which is owned by HSBC, said that while authorized cryptocurrency businesses can open a bank account, they will only be able to receive a “simple” one.What services were not included in such an account was not stated in the study. Even while banks are free to provide services to crypto firms, they are reluctant to do so because of a lack of employees at the Securities and Futures Commission and the difficulty in opening bank accounts for crypto companies applying to operate in Hong Kong. The central bank of Hong Kong, the Hong Kong Monetary Authority (HKMA), has asked significant lenders, such as HSBC, Standard Chartered, and Bank of China, to accept cryptocurrency exchanges as clients. “We have active dialogues with virtual asset players to exchange views on a range of topics, including but not limited to account opening,” an HSBC spokesperson said.  “We remain very engaged on policies and developments of this nascent industry in Hong Kong.” In a previous interview, a Standard Chartered spokeswoman stated that the company maintains “regular dialogue” with authorities on a variety of topics.OSL and Hash Blockchain are the only two virtual asset trading platforms that currently have licenses from Hong Kong’s security regulator.