Felix Pinkston 13 July 2024 17:15 In a significant move, the SEC has closed its investigation into Paxos’ BUSD stablecoin, signaling a potential shift in its regulatory stance toward the cryptocurrency industry. In a notable decision, the Securities and Exchange Commission (SEC) has ended its investigation into Paxos’ BUSD stablecoin, according to Fortune. The move is seen as a major win for the cryptocurrency industry, which has long sought regulatory clarity. SEC’s decision On July 9, Jorge Tenreiro, Acting Director of the SEC’s Crypto Assets and Cyber Division, notified Paxos that he did not…
Author: Crypto Flexs
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According to new data from bug bounty platform Immunefi, approximately $1.7 billion worth of crypto assets have leaked from the BNB chain since its launch in September 2020. Immunefi recently revealed in a research post that the BNB chain has experienced hundreds of frauds and security incidents in the roughly four years since its launch. “Since the launch of the BNB chain, a total of $1.64 billion has been lost. $1.27 billion was lost through hacks in 168 specific incidents, and $368 million was lost through fraud in 228 specific incidents. Most of the amount was lost due to four…
Popular cryptocurrency tracking app CoinStats has released additional details related to a June security breach. According to the company, “…a sophisticated (and we believe state-sponsored) attacker gained access to the private keys of exactly 1,590 CoinStats wallets, resulting in the theft of approximately $2.2 million worth of cryptocurrency,” CoinStats wrote in a recent incident report. The company believes the infamous Lazarus Group or another similar state-sponsored hacking group was responsible for this attack. According to the report, the attackers compromised several services associated with CoinStats, which stores the private keys for user-created wallets, “…by combining unauthorized intrusions into multiple services,…
Wang Long Chai 13 July 2024 17:50 NVIDIA Grace CPUs outperform AMD EPYC servers by demonstrating significant improvements in mathematical optimization performance and energy efficiency. According to the NVIDIA Technology Blog, in recent developments, NVIDIA’s Grace CPU has made significant progress in mathematical optimization performance and energy efficiency. These improvements are expected to benefit industries that require high computational power and energy-saving solutions. Improved optimization features Mathematical optimization is a critical tool for businesses to make smarter decisions, improve operational efficiency, and reduce costs. However, the complexity of models and the size of data…
Open interest in Toncoin has increased significantly over the past few weeks. Declining network growth indicates less interest in new addresses. Toncoin (TON) has been one of the few success stories in the market over the past few months, and TON has been particularly immune to market volatility and bearish sentiment. Therefore, it is worth looking into the factors that have facilitated such success and the scale of interest in Toncoin. Explore TON’s interests TON has seen notable growth in value recently, reaching a new all-time high of over $8.20 in mid-June, a milestone that most other altcoins have failed…
According to SoSoValue data, after six days of net inflows that began on July 5, U.S.-based spot Bitcoin exchange-traded funds (ETFs) have set a new record for cumulative net inflows, totaling $15.81 billion. The fund has added more than $1 billion in assets under management since the start of its six-day rally. The most recent trading day, Friday, was also the day with the largest net inflows since June 5, with the spot Bitcoin ETF seeing $310 million in net inflows.Inflows were led primarily by BlackRock’s IBIT, the largest spot Bitcoin ETF by asset value, which added $120 million on…
James Ding 13 July 2024 15:47 The SFC survey highlighted that Hong Kong will maintain its position as a leading international asset and wealth management hub in 2023. Hong Kong continues to solidify its position as the world’s leading hub for asset and wealth management, according to the latest survey by the Securities and Futures Commission (SFC). The SFC survey, published in July 2024, highlights the city’s strong financial infrastructure and its appeal to global investors. Key findings from the SFC survey The survey showed significant growth in various sectors of the Hong Kong…
Bitcoin (BTC) continued its bullish trend on July 13, bouncing off its five-month low, with the cryptocurrency up about 1.70% on the day to trade at $58,885. Some of the key factors driving this rebound include: the German government selling off its nearly 70,000 BTC holdings, and the US dollar weakening amid a growing deficit.BTC/USD 4-hour price chart. Source: TradingViewBitcoin investors absorbed about $2.5 billion.The German government is left with around 9,100 BTC after selling off $2.5 billion worth of BTC since June 17. During this period, the Bitcoin price fell by around 12.70%, before making a notable recovery of…
Bitcoin (BTC) continued its bullish trend on July 13, bouncing off its five-month low, with the cryptocurrency up about 1.70% on the day to trade at $58,885. Some of the key factors driving this rebound include: the German government selling off its nearly 70,000 BTC holdings, and the US dollar weakening amid a growing deficit.BTC/USD 4-hour price chart. Source: TradingViewBitcoin investors absorbed about $2.5 billion.The German government is left with around 9,100 BTC after selling off $2.5 billion worth of BTC since June 17. During this period, the Bitcoin price fell by around 12.70%, before making a notable recovery of…
Bitcoin mining company Bitfarms has set an extraordinary general meeting date for October 29, 2024, to vote on a board reorganization, following Riot Platform’s request for a meeting on June 24.Bitfarms shareholders are eligible to vote at the meeting as of the record date of September 26, 2024, but the company said in a statement Friday that it is not obligated to take any action at this time. A special committee of independent directors of the board, with the assistance of financial and legal counsel, reviewed the request and unanimously decided on the meeting and record date, Bitfarms said.As The…