Coinbase Liquidates User’s Bitcoin Holdings Following Inactivity
Coinbase attracted criticism from the Chinese crypto community as the exchange allegedly liquidated a user’s Bitcoin holdings without prior notification. The experience of a Chinese crypto investor with Coinbase has prompted intense online discussions. It illuminates the hazards and regulations linked to the investment of digital assets. The user shared their tale on Xiaohongshu and […]
Fintech Company Revolut Secures UK Banking License
After a three-year regulatory approval process, Revolut, a London-based fintech company, has successfully obtained a banking license in the United Kingdom. On July 25, the company proclaimed a significant milestone representing a critical juncture in its efforts to fortify and consolidate its position in its domestic market. UK Market Entry The Prudential Regulation Authority of […]
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 […]