Spot Ether ETFs See $113M Outflows on Second Day of Launch
On their second trading day, Grayscale’s Ethereum Trust was the primary cause of the $113.3 million net outflows experienced by US-based spot Ether exchange-traded funds (ETFs). On the second day of trading, seven of the eight “newborn” spot Ether ETFs experienced net inflows. The Bitwise Ethereum ETF (BITW) and the Fidelity Ethereum Fund (FETH) were […]
India’s NCB Combats Darknet Drug Deals Using Crypto Tracking
As part of its endeavors to combat drug trafficking in India, the Narcotics Control Bureau (NCB) is actively tracking cryptocurrency payments on the darknet. On July 24, Nityanand Rai, the minister of state for home affairs, disclosed India’s present approach to restricting the import and interstate movement of narcotic drugs during a parliamentary discussion. Data […]
BitcoinOS Verifies first-ever ZK-proof on Bitcoin Mainnet
At 11:22 pm UTC on July 24, BitcoinOS (BOS), a Bitcoin rollups protocol, effectively verified the first zero-knowledge (ZK) proof on the blockchain’s mainnet. The accomplishment enables the Bitcoin mainnet to access new levels of functionality and scalability without necessitating additional modifications to the blockchain’s base layer. During a written Q&A session with Cointelegraph, Edan […]
Ferrari Launches Cryptocurrency Payments in Europe
Ferrari, the Italian manufacturer of luxury sports cars, is expanding its cryptocurrency payment system to Europe following its successful debut in the United States in 2023. Ferrari officially announced on July 24 that it will expand its crypto payment feature to its network of European merchants by the end of July 2024. At the time […]
Nvidia Supercomputers Show Quantum Computing Capabilities
Research shows Nvidia supercomputers are capable of being functional and commercial quantum computers and could impact the finance and blockchain industries. Based on supercomputer simulations conducted with graphical processing units (GPUs), researchers working with Nvidia supercomputers assert that they have made significant progress in constructing a completely functional, commercially viable quantum computer. Although there has […]