Cryptosanders👑

Idle No More: $11.4 Million in 'Sleeping Bitcoins' Wake up After Years of Dormancy Hovering just above the $29,000 mark, bitcoin’s value remained relatively stable while an interesting event occurred on Saturday afternoon: a dormant cache of 195.79 bitcoins, untouched for over seven years, was transferred for the first time since 2016. This action was followed by another sequence of events; when a batch of slumbering bitcoins from 2014 was spent, marking their first movement in nearly a decade.

Fundstrat's $180K Bitcoin Price Prediction, Analyst Says World War III Already Started Citing BRICS, SEC Looks to Appeal Ripple Ruling — Week in Review A Fundstrat investor note has said BTC could hit $180,000 before the upcoming block reward halving in April 2024, and an Indian analyst thinks World War III has already begun, expecting the BRICS economic bloc to merge with the Shanghai Cooperation Organization (SCO). In other news, the United States Securities and Exchange Commission (SEC) is seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. This and more just below.

North Korea Hackers Continue to Target Crypto Platforms: UN Report Hackers working for North Korea have continued to attack companies in the crypto space this year, according to independent sanctions monitors. Their findings, which reveal that Pyongyang proceeds with the development of its nuclear and weapons programs, will be included in a U.N. report which is to be released in the coming weeks.

Binance Japan to Use KYC Services From Liquid The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its know-your-customer (KYC) procedures comply with Japan’s strict regulations.

Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for 'Transactional Purposes' The Zimbabwean central bank recently said it is close to rolling out gold-backed digital tokens “for transactional purposes.” According to the bank’s governor, the gold-backed digital tokens have already proven to be an effective monetary policy instrument. Central bank governor John Mangudya also said the results of a consumer survey had shown that residents had limited knowledge about an envisaged central bank digital currency (CBDC).

French Regulator Revises Crypto Rules to Align With EU’s MiCA Law France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like custody and trading.

Former SEC Official Warns 'Crypto Regulatory Onslaught Will Never End' The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that “crypto regulatory onslaught will never end.” He claimed that cryptocurrency trading platforms, like Binance and Coinbase, are simply playing “a short game of regulatory arbitrage, all carried out in an effort to make as much fiat as possible before their inevitable demise.”

Peter Schiff Warns Investors of 2 'Huge Surprises' — Foresees Inflation Too High for Fed Rate Cuts to Stimulate Economy Economist Peter Schiff says investors are in for “two huge surprises.” Noting that the Federal Reserve has already lost its fight against inflation, he explained that by the time the U.S. economy officially enters a recession, inflation will be too high for the Fed to “stimulate” with interest rate cuts.

Unidentified Miners, F2pool Lead All-Time Bitcoin Mining Rankings: A Comprehensive Review of Bitcoin's Historic Block Discovery Since the inception of the Bitcoin blockchain by Satoshi Nakamoto, the network has diligently processed in excess of 800,000 blocks. An examination of data from 99 distinct mining pools, spanning the previous 14 years, reveals that unidentified mining participants discovered 28.37% of the network’s total blocks. Trailing not far behind, F2pool secures the second position, having found just slightly more than 10% of all the blocks since 2009.

IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record quantities of Russian crude at discounted rates, a confluence of these factors is signaling the likelihood of an enduring escalation in oil prices, the International Energy Agency (IEA) warns in its August report.

NFT Sales Jump 6.59%: A Week of Growth, Dominance of Ethereum, and Record-Breaking Collections In the past seven days, the non-fungible token (NFT) market has seen a slight rise, recording sales of $106.87 million — an increase of 6.59% from the previous week. Ethereum-based NFTs made a significant contribution, accounting for 56.35% of the total weekly sales, or roughly $60.23 million, a modest 0.98% climb from the week before.

Rebase Tokens: A Stunning Collapse From $8 Billion to $351 Million in 20 Months The crypto winter inflicted a brutal toll on the digital currency landscape, leaving numerous coins with values utterly obliterated. Within this ravaged financial terrain, one specific category — rebase tokens — suffered a tremendous deflation in worth over the previous 20 months. In a stark illustration of this downturn, the total value of the leading rebase tokens, once exceeding $8 billion in November 2021, has now plummeted to a mere $351 million.

SHIB Climbs to 4-Month High, as Meme Coins Rally on Saturday Shiba inu surged to a multi-month high on Saturday, as the meme coin extended its recent run of bullish momentum. The rally began as a result of the hopes surrounding its upcoming layer 2 launch. Dogecoin also extended recent gains to start the weekend.

Redefining Possibilities in RWAs: BG Trade Gears Up for 2 Exchange Listings and IDO Debut PRESS RELEASE. In the ever-evolving landscape of finance and investments, BG Trade has emerged as a trailblazing platform that reshapes real-world assets (RWA) issuance and trading. The company’s innovative approach introduces a groundbreaking concept known as the “Meta-Asset Bridge,” a revolutionary gateway that unifies an array of assets, including stocks, bonds, commodities, and cryptocurrencies. This integration offers investors a seamless and dynamic pathway for multi-dimensional asset investments. The centerpiece of BG Trade’s ecosystem is its platform token, BGT, which is set to achieve a significant milestone. BGT is poised for listing on two prominent exchanges, Gate IO and MEXC, scheduled for August 16th. This strategic move not only enhances the token’s accessibility but also underscores the platform’s growing prominence in the market.

Former US OCC Officials: 'Stablecoins Can Keep the Dollar the World’s Reserve Currency' Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article, Brooks and Calomiris call for regulations to allow stablecoin issuers to have the clarity needed for the assets to thrive.

Microstrategy's Stock Soars 206% After Adopting Bitcoin Strategy Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more.

Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub” their online statements “to evade the federal securities laws.”

BRICS Expansion to Make West Recognize New World Order, De-Dollarization: UAE Professor The accession of new members will allow BRICS to push the West to accept changes in international relations, an expert from UAE has been quoted as stating. That’s valid in particular for cross-border trade and de-dollarization, said Mohamed El Yattioui, professor at the American University in the Emirates.

Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures and challenges with the Federal Reserve Board.

FTX Boss Sam Bankman-Fried in Custody, Bail Revoked, Remanded to Jail FTX co-founder Sam Bankman-Fried was taken into custody and his bail was rescinded on Friday, in anticipation of his trial scheduled for October. Matthew Russell Lee of the Inner City Press disclosed a synopsis of the August 11 hearing on the social media outlet X, where Bankman-Fried’s legal counsel revealed that the attorneys intended to challenge the ruling. However, despite these intentions, Bankman-Fried was subsequently taken into custody by the U.S. Marshals.