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Investing

Toyota Eyes Incorporating Ethereum Blockchain Into Vehicles

July 24, 2024

Japanese automotive giant Toyota is considering leveraging Ethereum blockchain in designing vehicle Mobility-Oriented Account (MOA). The design proposes creating blockchain digital accounts for cars, potentially enabling fully autonomous driving in…

Investing

Bitcoin Became First Cryptocurrency to Debut on Las Vegas Sphere, Beating Dogwifhat

July 24, 2024

Bitcoin has made an appearance on the Las Vegas Sphere, a colossal globe-like screen visible from miles away, courtesy of an advertisement from crypto exchange Crypto.com. On Monday, a video…

Investing

Singapore MAS Grants In-Principle MPI License to Crypto Custodian Hex Trust

July 24, 2024

Hex Trust, a digital asset custodian, has become the latest to receive the in-principle approval for a Major Payment Institution (MPI) license, from the Monetary Authority of Singapore (MAS). Hex…

Investing

Mt Gox Transfers Another $2.47B Worth of Bitcoin as Creditors Confirm Repayment

July 24, 2024

Mt Gox on Wednesday transferred 37,477 Bitcoin (worth $2.47b) from a cold wallet to an unknown address, according to Arkham Intelligence. Additionally, the defunct crypto exchange internally moved 5,106 BTC…

Investing

Bitcoin Price Warning: $530M ETF Inflow Could Lead to Profit Taking, Says Trader

July 24, 2024

Bitcoin Price Prediction Recent inflows of $530 million into Bitcoin ETFs, notably BlackRock’s IBIT, have sparked mixed Bitcoin price predictions. While initially appearing bullish, historical patterns suggest these inflows may…

Investing

Bitcoin Spot ETFs See $78M in Outflows After 12 Days of Consecutive Inflows

July 24, 2024

Bitcoin spot exchange-traded funds (ETFs) witnessed outflows amounting to $77.9704 million on July 23, marking the first net outflow after twelve consecutive days of net inflows. Among the ETFs, Grayscale’s…

Investing

Tesla’s Bitcoin Holdings Remained Unchanged in Q2, Earnings Report Show

July 24, 2024

Electric vehicle maker Tesla did not sell any Bitcoin during the second quarter of the year, according to its latest quarterly report. The company did not engage in any Bitcoin…

Investing

Injective Integrates Mountain Protocol Offering USDM Stablecoin as Collateral for Derivatives

July 24, 2024

Injective, a Cosmos Layer-1 blockchain for finance, said it has integrated with Mountain Protocol, the issuer of USDM, the yield-bearing stablecoin. This integration will allow its users to earn yield…

Investing

DeFi Exchange DYdX Explores Potential Sale of Trading Software

July 24, 2024

DeFi giant DYdX is reportedly negotiating the sale of a portion of its derivatives trading software for an undisclosed sum. Bloomberg reported Tuesday that the potential buyers may include a…

Investing

Ethereum ETFs Surge Past $1 Billion in Trading on Debut Day

July 24, 2024

The first spot Ethereum ETFs in the US hit the ground running on Tuesday, with several experiencing high trading volumes right out of the gate. These first Ether ETFs recorded…

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