Author: Coindesk
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
Shetty provided a breakdown of the user balances on the platform as of 18 July, the date on which the exchange froze withdrawals. It showed that WazirX held $570,068,358 million for 4,353,299 users, 94% of whom are from India. WazirX still holds $284 million. Read the full article here
“The positioning of digital assets within institutional portfolios has been focused on trading of cryptocurrencies, with bitcoin and ether representing the largest investment avenues,” the report reads. “But institutional investors are exhibiting greater optimism around digital assets, encouraged by the expanding availability of a wider range of investment vehicles that take them beyond just cryptocurrencies.” Read the full article here
CIP-1694 is the Cardano Improvement Proposal at the core of the upgrade, which introduces various governing structures to the Cardano ecosystem including its Constitutional Committee, dReps, and Stake Pool Operators (SPOs.) Once CIP-1694 is implemented, the Cardano blockchain and any changes made to it will be in the hands of these groups. Read the full article here
Australia’s national police agency has warned that Australians lost at least Australian dollars 180 million of cryptocurrency ($122 million) in investment scams in just 12 months, “urging all to be extra aware of the proliferation and sophistication of scams,” an announcement on Wednesday said. Read the full article here
“Approximately 64,000 of these remaining creditors have a distribution of less than $100, and approximately 41,000 more have a distribution of between $100 and $1,000,” the filing said. “Given the small amounts at issue for many of these creditors, they may not be incentivized to take the steps needed to successfully claim a distribution.” Read the full article here
Nigeria’s money laundering case against crypto exchange Binance, detained executive Tigran Gambaryan and fugitive Nadeem Anjarwalla will resume on Sept. 2, a month earlier than planned, after defense lawyers asked for the trial to be brought forward, Gambaryan’s family said. Read the full article here
“We believe that offering the right products for participants in the space who are aiming not only for exposure to the Bitcoin price, but also structured ways to grow the Bitcoin value of those investments is a natural evolution of the asset class,” Xapo Director Joey Garcia said. Read the full article here
TON, the blockchain, has more than 350 validators globally, but it is unclear how many of these Telegram operates, if any, the report said. Therefore, it’s not clear “how resilient TON can be in the case that France or any other major governments attempt to attack it or to take it down as part of Durov’s arrest.” Read the full article here
A blockchain not producing blocks for an extended period of time is concerning because it disrupts network stability, potentially leading to security risks and transaction delays. These crashes are uncommon with blockchains, but do occur during times of high network activity. Read the full article here