‘Memes are the gateway to crypto and blockchain’: SHIB developer Kusama

The pseudonymous lead developers of memecoin Shiba Inu (SHIB), Shytoshi Kusama and Kaal Dhairya, gave their first-ever interview to the Arabian Business. In the interview published on Friday, Kusama and Dhairya disclosed... Read more »

Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs

Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by... Read more »

Kraken exec expects Ethereum ETF launch to ‘lift all boats’

Kraken Head of Strategy Thomas Perfumo said spot Ethereum (ETH) ETFs could help the crypto sector while commenting on political developments in the US. On July 12, Perfumo told Bloomberg that spot... Read more »

Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF

Three-quarters of the jurisdictions surveyed by the Financial Action Task Force (FATF) “are only partially or not compliant” with the anti-money laundering recommendation for the virtual assets sector. According to the latest... Read more »

VC funds pump $481 million into crypto startups in June

Key Takeaways Crypto startups received $481 million in VC funding in June, a 38.2% decrease from May. Infrastructure solutions dominated with $331 million, while DeFi and blockchain gaming saw increased investment. Share... Read more »

Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft

The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities... Read more »

SEC ends years-long probe into Stacks without recommending further enforcement

The SEC has closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action, according to a July 12 blog post from the team. The investigation, which began... Read more »

CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities

During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and... Read more »

Coinbase’s attempt to subpoena SEC chair Gary Gensler criticized by judge

Judge Katherine Polk Failla criticized Coinbase’s attempts to subpoena SEC chair Gary Gensler in the SEC’s ongoing case against the firm. At a July 11 hearing recounted by Inner City Press, Failla... Read more »

Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister

According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect... Read more »
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