The stablecoin ecosystem rose to over $164 billion this past week—the last time it did this was before the Terra ecosystem collapse, linked to the UST stablecoin.

Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank's CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor.

Bitstamp, one of the cryptocurrency industry's long-standing exchanges, is preparing to initiate the final round of payouts. This follows the recent distribution efforts by Kraken, which had already processed its share of the funds.

Binance retains the top spot with 46.6% market share, while Bybit and Gate show significant growth. Upbit experiences the largest drop.

Avail has just introduced in mainnet the first modular level of DA while simultaneously launching its own crypto airdrop.

Senator Elizabeth Warren has raised alarms about the potential national security threats posed by foreign-owned cryptocurrency mining operations in the U.S.

Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot.

Gemini co-founder Tyler Winklevoss argues that the cryptocurrency industry should not "tolerate any possibility of a repeat of the last 4 years."

Gemini co-founder Tyler Winklevoss argues that the cryptocurrency industry should not "tolerate any possibility of a repeat of the last 4 years."

Former FTX exec Ryan Salame requests to push back his prison start date to October 13 for surgery on injuries from a dog attack.

Russia's State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines for miners, including registration and government oversight.

A study from TRM Labs says that Russia's involvement in illegal crypto operations grew a lot in 2023. Almost 70% of all cryptocurrency earnings from ransomware came from groups of people who spoke Russian.

The cryptocurrency market is experiencing a notable downturn, with the total market capitalization slipping around 4% in the past 24 hours to approximately $2.42 trillion. This significant dip is primarily driven by declines in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), triggering widespread liquidations across the market.

One low-cap altcoin surged by more than 27% this week amid its newly announced involvement in a central bank digital currency (CBDC) project. Coti (COTI) is a privacy-focused layer-2 network built on Ethereum (ETH). The project's native asset is trading at $0.118 at time of writing, up from $0.0929 one week ago.

Independent U.S. presidential candidate Robert F. Kennedy Jr on Friday questioned Republican nominee Donald Trump's recent pro-cryptocurrency stance, as the two vie for votes in November's election from crypto-holders at the Bitcoin 2024 conference.

Warren said Chinese citizens and people with direct ties to the Chinese government own one-third of crypto mining facilities in the U.S.

The popular prediction market is taking wagers on the world's biggest sports event.

A prominent crypto firm is launching a new crypto hardware wallet with touchscreen capabilities. In a new announcement on the social media platform X, Ledger says that it is releasing a new product in its line of crypto wallets equipped with touchscreens. “Ledger Flex is here.

Mike Belshe, BitGo CEO, joins 'Closing Bell Overtime' to talk the price of bitcoin, the impact of politics on crypto regulation, and more.

The outspoken Senator is back again criticizing Bitcoin and the crypto market.

Silvergate was able to wind down its activities, reimburse clients, and cease to be a bank. The collapse of Silvergate Bank in March 2023 was accompanied by extensive conjecture.

United States Senator Bill Hagerty of Tennessee sat down with CNBC Crypto World from Bitcoin 2024 in Nashville to discuss digital asset regulation in the U.S. and how he feels about the crypto conference taking place in Nashville this year after years of being held in Miami, Florida.

Despite increased bipartisan efforts in Congress to pass crypto-related legislation, Sens. Lummis and Scott say Democrats are still standing in the way.

Lawyers for former FTX executive Ryan Salame asked a New York court to push back his prison time after getting attacked by a dog.

Singapore is facing a troubling trend: more and more cryptocurrencies are being used to fund terrorisms around the world. The Ministry of Home Affairs (MHA) recently reported that, while traditional cash and informal systems still dominate, cryptocurrencies are becoming a big issue.

Bitcoin mining is a minefield. For those with the technical savvy and the time served in the crypto trenches, the vicissitudes of mining come easily, but for the majority of crypto users, it's baffling.

The Swiss Financial Market Supervisory Authority (FINMA) sees stablecoin issuers as a problem for the country's banks. Its 2019 guidelines already highlighted concerns about the legal and regulatory aspects of stablecoins.

In a significant shift within the U.S. legislative parliament, Senator Roger Marshall, a Republican from Kansas, has withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a bill he co-authored with Democratic Senator Elizabeth Warren.

A newly published report by Singapore's Ministry of Home Affairs notes that the illicit use of crypto in terror financing is on the rise, though cash is still the dominant method used in transferring value.

The Federal Reserve Board has officially ended its enforcement action against Silvergate Bank and its parent company, Silvergate Capital Corporation. This decision comes after Silvergate completed its liquidation and wind-down plan.

The Federal Reserve Board said the termination of an enforcement action against Silvergate Bank and its holding company, Silvergate Capital Corporation, according to a July 26 press release. The action, effective since May 2023, required the bank to liquidate and wind down its operations in a manner that protected its depositors.

Bitstamp made Mt. Gox assets available with a separate plan for UK customers.

Former FTX CEO Sam Bankman-Fried reportedly donated roughly $40 million directly to political candidates and PACs in 2022 before the collapse of the crypto exchange.

One US Presidential hopeful is solidifying his spot as the top supporter of Bitcoin (BTC) and crypto. Earlier today, independent Presidential candidate Robert F. Kennedy Jr., former President John F. Kennedy's nephew, spoke on digital assets at the BTC Nashville convention. “I am a huge supporter of Bitcoin.

The Fed's decision to drop enforcement against Silvergate highlights ongoing regulatory scrutiny in the crypto banking sector, with the SEC still pursuing legal action. The post Fed drops enforcement action against Silvergate appeared first on Crypto Briefing.

Altcoin prices took a step back from the significant hikes this week, unlike the third week of July 2024. However, this does not imply the absence of a few exceptions.

Chinese police have revealed that four ex-Huobi employees have been sentenced to three years in prison for stealing over 40,000 user mnemonics and private keys. These former employees planted Trojans in the wallets, enabling them to gather sensitive information, though the exact amount of stolen cryptocurrencies hasn't been disclosed.

Ledger celebrates its 10th anniversary with the launch of Ledger Flex, an NFC-enabled wallet featuring secure E Ink touchscreen displays. The post Ledger launches new wallet with secure, contactless E Ink touchscreen displays appeared first on Crypto Briefing.

Exchange aggregators streamline crypto trading, enhancing market efficiency and accessibility while offering privacy and incentivizing user engagement. The post Crypto consolidation: Understanding the role of exchange aggregators in the market appeared first on Crypto Briefing.

Senator Elizabeth Warren (D-Mass.) has voiced concerns that foreign-owned cryptocurrency mining operations within the United States could pose significant threats to national security.

A crypto PAC used roughly $1.5 million to fund a media buy for Democrat Emily Randall, while her rival's campaign manager criticized the move as having “sold out” the district.

Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.

Three in four people who own crypto say their vote will be influenced by the candidates' crypto stances, according to a Gemini study.

Sources close to Vice President Kamala Harris‘ campaign reveal that her team has begun to explore the cryptocurrency landscape as the 2024 presidential race heats up. This move comes in the wake of President Biden's decision not to seek reelection and his endorsement of Harris as the Democratic Party's nominee.

TL;DR Senator Elizabeth Warren has criticized cryptocurrency mining operations in the United States, arguing that they represent a threat to national security and energy infrastructure. The senator claims that a significant portion of mining facilities is owned by Chinese nationals and that they could be used for espionage or to compromise the power grid.

The global crypto market cap is up by 3.62% to $2.4 trillion. The total liquidation recorded for the past 24 hours is $200 million.

The cryptocurrency market is abuzz with two standout projects: Solympics and Bitbot. Solympics, a meme coin on the Solana blockchain, merges Olympic excitement with meme culture. The project features 1,100 NFTs, each representing a different country and sport.

bitFlyer has successfully acquired rival digital asset trading platform FTX Japan.