Bitfarms appoints Ben Gagnon as CEO amid takeover tussle with @RiotPlatforms. Gagnon aims to diversify into energy generation and AI-driven HPC. Riot’s $950M bid was withdrawn due to board engagement issues. #CryptoMining #Update
HashKey Group’s Ethereum layer-2 solution, HashKey Chain, will launch in Q4 2023. It will support HashKey EcoPoints (HSK), offering fee discounts and early token access. 65% of HSK’s 1 billion supply is for marketing. #CryptoNews
Jump Crypto offers Solana devs up to $1M in bug bounties to find vulnerabilities in the Firedancer validator client. Program runs from July 10 to Aug 21, 2024. Firedancer can process over 1M transactions/sec, boosting Solana’s reliability. #Solana #Update
A Woori Bank employee in Gimhae, South Korea, was arrested for embezzling $15M by falsifying loan documents and investing in cryptocurrencies. Authorities have frozen $3.2M in assets. South Korea boosts crypto market oversight from July 19. #Fraud #Update
Experts endorse zero-knowledge proofs (ZKPs) and ZK rollups as pivotal for blockchain scalability. These methods enhance privacy and reduce blockchain data loads, with figures like @VitalikButerin leading the charge. Investor interest in ZK tech is soaring. #Update
BlackRock’s Ethereum-based BUIDL fund attracted $5M in assets last week, now totaling $491M AUM. Despite a $290B global crypto market loss in July, BUIDL has shown resilience, surpassing Franklin Templeton’s BENJI as the largest blockchain money market fund. #Update
PHPC stablecoin, tied to the Philippine Peso, is now on Ronin, allowing blockchain game players to use in-game earnings for local transactions. @coinsph and @Ronin_Network enhance gaming finance in the Philippines. #CryptoUpdate
? The German government moved 1,000 BTC ($56.65M) to Coinbase, Bitstamp, and an unknown address amid a bearish market. Bundestag’s Joana Cotar calls Bitcoin a “strategic reserve currency.” $BTC is down 2.2% today. #CryptoNews
? Scammers posing as @Coinbase employees drained $1.7M from a user’s crypto wallet by tricking them into sharing their private key. Even partial key phrases can be exploited. Stay vigilant! #CryptoSecurity #Update
Japanese firm Metaplanet acquired 42.4 BTC for ¥400 million ($2.4M) amid market slump, boosting its holdings to over 203 BTC. This aligns with its strategy to use Bitcoin as a strategic treasury reserve asset. #Crypto #Update
President Biden has a 48% chance for the 2024 Democratic nomination, with VP Kamala Harris at 36%. Biden faces concerns about his age, while Harris’s profile rises with her $KAMA meme coin up 429%. #Update
Tron’s @justinsuntron to launch gas-free stablecoin transfer solution on Tron in Q4 2024, expanding to Ethereum and other blockchains. This could cut transaction costs and boost stablecoin adoption. #CryptoNews #Stablecoins #Update
Taiwan’s central bank delays its digital currency launch, emphasizing the need for public education and addressing privacy concerns. Meanwhile, 98% of the global economy explores digital currencies, with the Bahamas, Jamaica, and Nigeria already launching theirs. #Update #CBDC
Bitcoin hits a 5-month low at $53,485 amid whale selloffs, miner capitulation, and German BTC distribution. @Circle secures first stablecoin license under MiCA. Meanwhile, meme coins BONK and PEPE gain over 15%. #Bitcoin #CryptoNews
