Hong Kong has announced the first group of participants for its stablecoin sandbox, but has warned that it is not yet allowed to raise funds from the public as the region continues its efforts to become a crypto hub.In a statement late Thursday, the Hong Kong Monetary Authority, the de facto central bank, said it would allow institutions to pilot operational plans for stablecoin issuances “to establish a fit-for-purpose and risk-based regulatory framework.”Announced by the HKMA in March, the sandbox will first see participation from Jindong Coinlink Technology, RD Innotech, Standard Chartered Bank, Animoca Brands and Hong Kong Telecom.In a…
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An altcoin that has gained more than 120% in two weeks is poised to continue its upward trend, according to a prominent cryptocurrency analyst. In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 217,800 followers on social media platform X that Cosmos (ATOM)-based GameFi project Dymension (DYM) is ready to surge once again. “I tried to buy but it was down for 30 minutes. After a big surge, if you see this kind of price action, another uptrend is coming. DYM.” Source:Altcoin Sherpa/X According to the trader’s chart, he believes DYM will soon reach the $2.25 price…
Louisa Crawford July 19, 2024 04:32 Ethereum developers discussed important changes and major proposals for the execution layer in the Core Developers’ Call #192. On July 18, 2024, Ethereum protocol developers gathered virtually for the All Core Developers Execution (ACDE) Call #192. According to Galaxy.com, this biweekly meeting, chaired by Ethereum Foundation (EF) Protocol Support Director Tim Beiko, focuses on discussing and coordinating changes to Ethereum’s execution layer (EL). Discussion of EOF and EIP 7702 This week, developers have been discussing extensively the inclusion of the Ethereum Virtual Machine Object Format (EOF) in the…
The past few weeks have been a major blow to Bitcoin, with the German government selling off and the massive fears surrounding the Mt. Gox redemption. The crypto market appears to be cooling off after the recent rally, which has seen the Bitcoin (BTC) price soar to a record high of $66,000 this week. Bitcoin Effect After recovering from the $54,000 bottom, Bitcoin rallied above the $62,000 support level like there was no tomorrow. Buyers were furious when Bitcoin climbed to $65,000. HHowever, as the market stabilized, BTC fell to $63,500 and has remained in that range ever since. BTC/USDT…
Solana Mimecoin Dogwhipheart (WIF) has re-entered the top 50 cryptocurrencies by market cap after a 41.44% gain last week.According to data from Cointelegraph Markets Pro and TradingView, WIF is up 10% over the past 24 hours and is trading at $2.33.WIF/USD daily chart. Source: TradingViewIn comparison, Memecoin’s overall market cap fell by 5.3%, with most of the top cryptocurrencies in the space posting losses on July 18, according to data from CoinGecko. “Dogwifhat has settled back into the top 50 coins by hitting the $2.4 billion cap and needs just 2x more to hit a new ATH,” independent analyst Eldorado…
Bitcoin has been holding steady above $60,000 since mid-July. There are several positive catalysts lining up. Will BTC go higher? After staying below $60,000 in the first half of July, Bitcoin (BTC) Trump’s attacks partially restored psychological levels and previous low ranges. The recovery extended during the week, posting gains of more than 8%, but hit a hurdle near $65,000. By the time of writing, the recovery had cooled and fallen below $64,000. Will Bitcoin Grow With the ‘Trump Trade’? According to Charles Edwards, founder of cryptocurrency hedge fund Capriole Investment, BTC Stopped The Nasdaq fell to near $65,000. “Bitcoin…
Company • July 19, 2024 12:09 AM EDT Posted 1 minute earlier In ~ The person who stole $230 million worth of cryptocurrency from India’s WazirX exchange moved most of the assets into Ether, blockchain analytics firm Lookonchain told X on Thursday night.The hacker exchanged 43,800 ETH ($149.46 million) worth of funds and is said to be holding approximately 59,097 ETH, Lookonchain said. X PostThe wallet still holds about $15 million worth of cryptocurrencies in Dent, Chromia, Celer Network, and Frontier tokens.Lookonchain added that “it is noteworthy that the WazirX exploiter deposited $7.7 million DENT (USD 7,300) to a previously…
James Ding 05:05 July 19, 2024 Arkham Intelligence unveils ‘The Arkham Oracle’, an AI-powered tool designed to simplify blockchain data analysis, providing transaction logs, portfolio holdings, and more. According to arkhamintelligence.com, Arkham Intelligence has announced the launch of its latest feature, ‘Arkham Oracle,’ an AI-based tool designed to simplify blockchain data analysis.Introducing Arkham OracleThe Arkham Oracle is a groundbreaking feature that leverages artificial intelligence to provide comprehensive blockchain data insights. Users can interact with the Oracle using ChatGPT-style prompts, which respond with relevant blockchain data sourced from the Arkham platform. This new tool aims…
The viral success of Hamster CombatHamster Combat has taken the gaming and blockchain world by storm with unprecedented success since its launch in March 2024. The game’s rapid growth has been astounding, reaching 239 million users in just 81 days. Telegram founder Pavel Durov highlighted the viral phenomenon in a post to his 2.7 million Telegram subscribers, noting that the game had attracted over 200 million players in just a few months. Telegram mini-apps have become one of the fastest-growing digital services worldwide, with 4-5 million new users joining every day. This explosive growth highlights the appeal of gaming and…
WazirX hackers were preparing for the $235 million theft eight days before it happened. According to Polygon Labs’ head of security, the hackers behind the $235 million WazirX cryptocurrency exchange breach began preparing for the on-chain breach at least eight days ago. WazirX, one of India’s largest cryptocurrency exchanges, lost hundreds of millions of dollars in a multi-signature wallet hack on Thursday, July 18. The hack is believed to have been carried out by the North Korean hacking group Lazarus Group. Polygon Labs’ chief information security officer, Mudit Gupta, said the hackers began “practicing” the hack on-chain more than a…