August, 2024

August, 2024

Malaysian Government adopts Worldcoin for proof of humanity digital identification
MIMOS Berhad, the research and development division of the Malaysian Government, has formalized a partnership with the Worldcoin Foundation, Tools for Humanity (TFH), and MyEG. The collaboration aims ...

Bitcoin’s negative correlation with SPX deepens amid current market trends
Quick Take As of press time, Bitcoin is trading below $60,000, placing it in a precarious position due to it being below key moving averages, particularly the 200-day moving average (200 DMA) at $62,3...

Third largest pension fund globally invests $80M in MicroStrategy and Coinbase
South Korea’s National Pension Service (NPS) holds more than $80 million worth of MicroStrategy and Coinbase shares, according to a new filing with the US Securities and Exchange Commission (SEC). T...

Arbitrum DAO votes to launch staking as $50M ARB tokens flood the market
The Arbitrum Decentralized Autonomous Organization (DAO) has passed a proposal to introduce ARB staking for the largest Ethereum layer-2 network. Staking initiative The proposal, which received overwh...

Leveraged sell-off drives Bitcoin down to $56K during negative funding rate spike
Quick Take This past week, Bitcoin experienced significant price fluctuations around the $60,000 mark, briefly moving above and below this level before stabilizing. On Aug. 15, funding rates for Bitco...

IMF proposes 85% power tax hike on crypto and AI data centers
The International Monetary Fund (IMF) has proposed higher energy taxes to reduce emissions from crypto miners and artifi...

Federal Reserve balance sheet rises by $2 billion amid rate cut speculation
Quick Take The Federal Reserve’s balance sheet saw a $2 billion increase week over week, now totaling $7.2 trillion, m...

Trump holds around $5 million in Ethereum, nets $7 million from NFT ventures
Former President Donald Trump disclosed owning up to $5 million in Ethereum and reported earnings exceeding $7 million from his non-fungible token (NFT) ventures, according to his financial disclosure...

Trader Says Under-the-Radar Layer-1 Altcoin Looks Bullish, Outlines Path Forward for Solana and Fantom
A widely followed crypto strategist and trader believes that one low-cap layer-1 altcoin project may be gearing up for a massive rally. Pseudonymous analyst The Crypto Dog tells his 810,000 followers ...

Crypto Analyst Says the ‘Only Chart To Watch’ Is Flashing a Bullish Signal for Altcoins – Here’s His Outlook
A widely followed crypto analyst says that the chart of the market cap for most digital assets is flashing a bullish signal against Bitcoin (BTC). Crypto trader Michaël van de Poppe tells his 723,100...

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