Browsing: btc news

China’s national security agency is calling out the growing trend of projects collecting sensitive biometric data like iris scans in exchange for digital assets. Summary China’s national security agency has raised alarm over biometric data collection by Worldcoin-like projects.Worldcoin, co-founded by OpenAI CEO Sam Altman, has often faced scrutiny over the nature of its operations.The WLD token is down significantly in the past year and roughly 90% from its all-time hi

U.K. listed oil and gas company Union Jack Oil intends to with partner with a joint venture to deploy Bitcoin mining facilities at a West Newton gas field. Will it lead to a Bitcoin treasury? Summary Union Jack Oil has signed a letter of intent to deploy with Texas-based 360 Energy to deploy Bitcoin mining facilities in West Newton.Executive Chairman of Union Jack said the firm may start a Bitcoin treasury if the initiative proves successful. According to a press rel

MANTRA has secured $20m from Inveniam to expand its RWA blockchain in the UAE and U.S., as its native OM token shows early signs of recovery after April’s 90%+ crash. Summary Inveniams $20m investment aims to scale MANTRA’s regulated RWA blockchain infra using AI-powered data tools.MANTRA’s TVL plunged from $4m in April to under $500k in August, a trend the partnership hopes to reverse.OM token surged 52% on July 20, triggering a bullish technical crossover and confirmi

Kraken has added PayPal as a funding option for U.S. users, enabling instant USD deposits with no bank details needed. The feature has seen over $1M in volume during an unpromoted soft launch. Summary U.S. customers can now fund Kraken accounts instantly via PayPal, using balances, linked bank accounts, or cards.The feature saw strong early demand, processing over $1M in deposits during its soft launch without promotion.Kraken is also among the exchanges now integrated

Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. Summary China has reportedly begun testing renminbi-backed stablecoins.Stablecoin plans have been hindered by growing concerns over the nations financial control and fears of potential misuse. In a recent article by the Financial Times, its been revealed that Chinese officials have zeroed-in on stablecoin

Binance.US’s latest listings, Toshi and Worldcoin, sparked renewed interest in both tokens, but early price action suggests one is clearly leading the charge. How far can these rallies extend? Summary Binance.US listed WLD on Aug. 6 and is set to list TOSHI on Aug. 7 at 7 a.m. EDT.TOSHI rallied over 20% after the listing announcement.WLD price action was muted amidst fresh concerns around regulatory backlash. According to an Aug. 6 X post by Binance.US, the U.S. affi

The long-hyped altcoin season had recently gone quiet. With several major assets pulling back and sentiment fading, the crypto market’s focus drifted back to Bitcoin. But this may be shifting again, as fresh signs of activity suggest that altcoins are back in play. Summary Binance just saw its highest altcoin inflows in 18 months, with more than 45,000 transactions recorded over the past week.The total altcoin market cap has jumped 23% in the last month, pointing to ren

A network of crypto scammers is leveraging aged YouTube accounts to push trading bots that lure users into deploying malicious smart contracts capable of draining their wallets. Summary Scammers are using aged YouTube accounts to promote malicious crypto trading bots.Victims are tricked into deploying obfuscated Ethereum contracts that redirect funds to attacker-controlled addresses. Sounding the alarm on this “widespread and ongoing” threat, senior threat researcher

Aave is showing signs of stability near the $265 level after a sharp retracement, even as it becomes the first decentralized finance protocol to surpass $60 billion in net deposits. Summary Aave price consolidates at $265, up 3% daily, but down 6% in 30 days.Net deposits top $60B, while TVL and fees signal growing DeFi demand.Technical indicators remain neutral, with upside potential above $280. At $265, Aave (AAVE) is up 3% over the last day but down 4.8% for the w

Curve Finance has officially launched on Etherlink, marking a major milestone in connecting Tezos with the wider Ethereum-compatible decentralized finance ecosystem. Summary Curve Finance launched on Etherlink on Aug. 7, bringing stablecoin liquidity to Tezos Layer 2.The deployment is part of Etherlink’s $3M Apple Farm Season 2 rewards initiative.Etherlink continues growing post-mainnet with a rising TVL and deeper protocol integrations. The deployment was announced