As Bitcoin treasury companies are becoming the new initial coin offerings, people are starting to remember how it all ended in 2018. While ICOs and Bitcoin treasury companies are definitely not the same, critics outline some similarities. More than that,…
Cryptocurrency News
Aevo unveils platform offering 1000x leverage on select stocks like MSTR and CRCL [btcmanager]
Aevo, a decentralized derivatives exchange built on a custom Ethereum layer 2, has introduced “Aevo Degen,” a new product offering up to 1000x leverage on tokenized stocks. The product, which went live on July 8, currently supports Coinbase (COIN), Robinhood…
US sanctions network aiding North Korean IT workers in targeting crypto companies [btcmanager]
Continuing its crackdown on North Korea’s efforts to infiltrate U.S. companies, the Treasury Department has sanctioned two individuals and four entities for aiding malicious IT workers in infiltrating crypto firms. A North Korean national, Song Kum Hyok, and a Russian…
South Korea to reclassify crypto firms as startups eligible for tax cuts and other benefits [btcmanager]
South Korea’s startup ministry proposed a new law revision that would allow crypto firms to register as venture companies. This reclassification would grant them tax reductions and other benefits. According to a notice published on July 9, the country’s Ministry…
New Zealand bans crypto ATMs in crackdown on criminal cash conversions [cointelegraph]
New Zealand banned crypto ATMs and set a $5,000 cap on overseas cash transfers in a major step to combat money laundering and financial crime.
Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products [btcmanager]
Coinbase has launched a $5 million bug bounty program hosted on Cantina, aimed at strengthening the security of its on-chain products and the Base layer 2 network. The program, which was announced on July 8, is one of the biggest…
OpenSea acquires Rally Wallet to expand mobile and token trading capabilities [btcmanager]
OpenSea has acquired Rally Wallet, a mobile-native crypto wallet startup, in a move aimed at expanding its reach into mobile and token-based trading. The acquisition was announced on July 8 by Rally co-founder and chief executive officer Chris Maddern, who…
Bitcoin lacks ‘sustained momentum’ for new high as traders are hesitant [cointelegraph]
Bitcoin traders are showing a “lack of follow-through strength” as BTC struggles to break its current all-time high level, says Bitfinex.
SharpLink Gaming pops 28% as Ethereum holdings surpass $533M [cointelegraph]
SharpLink Gaming’s total Ether holdings hit 205,634 ETH after its latest round of buys, which it will commit to staking.
US charges 2 men over $650M OmegaPro crypto scam [cointelegraph]
US prosecutors charged two men for allegedly running the crypto fraud scheme OmegaPro, which promised 300% returns to investors.