Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invest’s large Coinbase holdings by selling a small portion of its stash. On July 11, Wood’s investment firm ARK offloaded 135,152 Coinbase shares ($12 million) from one of its major exchange-traded funds (ETF), the ARK Innovation ETF. According to the trade notification seen by Cointelegraph, the amount sold […]

On July 6, 2023, the Multichain Protocol was hit by a massive hack, resulting in the loss of over $125 million worth of cryptocurrency. The attack targeted the protocol’s Fantom bridge, resulting in the theft of valuable crypto assets like WBTC, USDC, DAI, wETH, and Link.  The stolen funds amounted to a staggering $126 million, with WBTC accounting for $30.9 […]

The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — will create as many as 860,000 jobs in Europe by 2025.  Extended reality or XR is an umbrella term for immersive technologies including virtual reality, augmented reality and mixed reality, and is a “major technology enabler” for virtual worlds, said the Commission […]

In preparation for a meeting of the G20 finance ministers and central bank governors this month, the Bank for International Settlements Innovation Hub (BISIH) submitted two reports — on cryptocurrency and central bank digital currencies (CBDCs) — on July 11. The reports reached very different conclusions about the related technologies. The BISIH report on crypto is the shorter of the […]

At the beginning of July, Binance announced its latest collaboration with soccer superstar Cristiano Ronaldo. The partnership will launch a new non-fungible token (NFT) collection called “Forever CR7: The GOAT,” featuring 20 unique designs spread across four rarity levels.  The collection will celebrate some of the most iconic moments from Ronaldo’s illustrious career, with each NFT representing a significant goal […]

The crypto market outlook is positive today, July 11, as its cap shows a gain of 0.69% at the time of writing. But while the top assets struggle, Solana (SOL) shows impressive gains in the 24-hour and 7-day trends. At the time of writing, SOL has gained 6.07% in 24 hours and 14.52% in one week. The question now is, since […]

Although China has closed its doors to decentralized cryptocurrencies, Circle CEO Jeremy Allaire believes that stablecoins could play a role in the proliferation of China’s digital yuan. Allaire, who heads up the company behind the United States dollar-backed stablecoin USD Coin (USDC), suggested that a yuan-based stablecoin might be China’s best bet for driving the adoption of its national currency […]

Dogecoin (DOGE) experienced a substantial surge on the price chart towards the end of June. However, despite this notable increase, it failed to ward off the sellers who swiftly entered the market.  Can Dogecoin regain its momentum and rise again, or will it succumb to the mounting pressure from the bearish sentiment? Bitcoin (BTC) also experienced a downturn in the […]

A nonfungible token (NFT) collector shared the story of how a decentralized finance (DeFi) loan was collateralized through a luxury watch and was facilitated with an NFT representing the asset.  On July 11, pseudonymous DeFi project adviser CirrusNFT explained how a user was able to borrow $35,000 from another user by using an NFT that represented a physical item as […]