Cointelegraph.com
Source:
https://cointelegraph.com
Found 11869 news
-
Cointelegraph.com - 17:36 Aug 07, 2026
The rollout gives X Layer users access to Circle-issued USDC and crosschain transfers as the stablecoin expands across major blockchain ecosystems. Circle has launched its USDC stablecoin on X Layer, OKX’s Ethereum layer-2 network, extending the stablecoin to an ecosystem connected to one of the world’s largest cryptocurrency exchanges by trading volume. Circle announced Friday that native USDC and its Cross-Chain Transfer Protocol (CCTP) are now available on X Layer. The network is compatible with the Ethereum Virtual Machine (EVM), allowing applications built for Ethereum to run on it with relatively few changes. CCTP allows USDC to move between X Layer and other supported blockchains by burning the tokens on the source chain and minting an equivalent amount on the destination chain. The integration supports uses including payments, decentralized finance lending and borrowing, trading and crosschain transfers. Read more -
Cointelegraph.com - 17:03 Aug 07, 2026
As the chairman of the Reform UK calls for an investigation into a FTX-linked political donation, the party’s leader prepares to face voters amid his own crypto-related scandal. The chairman of the UK’s Reform party has called for an investigation following reports of a $50,000 political donation linked to former FTX CEO Sam “SBF” Bankman-Fried. According to a Friday report from the Telegraph, Reform UK chair Lee Anderson called for the parliamentary commissioner for standards to probe Defense Secretary Wes Streeting over reported $50,000 in donations from a think tank in 2022 and 2023. The reported donations came from Labour for the Long Term, whose founder reportedly accepted a $675,000 gift from Bankman-Fried before sending funds to Streeting. Notably, Reform leader Nigel Farage is set to face voters next week in a by-election triggered by his resignation as a member of parliament amid his own crypto scandal. The UK politician received $6.7 million in donations from crypto billionaire Christopher Harborne ... -
Cointelegraph.com - 15:23 Aug 07, 2026
Bitcoin hit month-to-date highs above $65,000 as risk-assets gained on low US nonfarm payrolls data. Bitcoin (BTC) hit new August highs into Friday’s Wall Street open as markets reacted to weaker US jobs numbers. Key points: Data from TradingView showed BTC/USD hitting $65,340 on Bitstamp, up 1.3% on the day, as fresh US labour-market data was released. Read more -
Cointelegraph.com - 15:07 Aug 07, 2026
Crypto business is converging with banking as stablecoin reserves, tokenized funds, Treasury income and balance sheet management become key profit drivers. At first glance, this week’s biggest business stories could have come straight from Wall Street. BlackRock launched tokenized money market funds for stablecoin reserves. Tether generated another $1.5 billion in profit from its US Treasury holdings. Tokenized gold continued gaining traction, though its use in decentralized finance remains limited. Even Bitcoin (BTC) mining was defined by production costs, profitability and balance sheet management rather than the price of Bitcoin. The digital asset industry’s business model is increasingly converging with traditional finance. Stablecoin reserves, tokenized money market funds and onchain collateral are emerging as some of the industry’s most important revenue drivers, signaling that blockchain’s next phase may be shaped as much by financial infrastructure as by digital assets themselves. Asset manager BlackR... -
Cointelegraph.com - 13:30 Aug 07, 2026
Ethereum’s proposed EIP-8363 staking overhaul aims to reduce issuance, but critics say it could hurt DeFi, decentralization and institutional adoption. Ethereum researchers just wanted to reduce staking incentives. Instead, they sparked one of the biggest debates over the network’s economics since the Merge. Ethereum Improvement Proposal EIP-8363, or “Tapered Issuance Burn,” would gradually reduce staking rewards as more and more Ether is locked up to secure the network — eventually cutting new protocol issuance to zero once 50% of ETH’s supply is staked. Its authors, including Ethereum Foundation’s Justin Drake and Ethereum Community Conference (ETHCC) co-founder Jerome de Tychey, argue that Ethereum has reached the point where additional staking provides diminishing security returns, while diluting holders who choose not to stake. Read more -
Cointelegraph.com - 13:00 Aug 07, 2026
Dice entropy may become the new gold standard after the Coldcard hack In light of the catastrophic low-entropy bug in Coldcard hardware wallets, linked to publicly observed thefts beginning on July 30, Bitcoin holders have started to re-evaluate the trust assumptions in their hardware wallet setups. The Coldcard devices were equipped with apparently functional STM32 “true random number generators” (TRNGs) that rely on physical processes to produce an unguessable seed phrase. However, after Coldcard creator NVK decided to initiate a firmware rewrite to switch from a GPL-licensed free software model to a read-only model, a serious vulnerability appears to have been introduced. Read more -
Cointelegraph.com - 12:28 Aug 07, 2026
Russia has shut down nine unregistered crypto exchanges in Moscow, with the FSB alleging they helped move scam proceeds abroad through Ukrainian call centers. Russia’s Federal Security Service (FSB) has raided nine unregistered crypto exchange services in Moscow over alleged money laundering involving fraud proceeds that authorities linked to Ukraine-based scam call centers. The agency said it detained more than 20 employees at the Moscow International Business Center (Moscow City) as part of an operation targeting channels allegedly used to move illicit funds abroad through crypto assets, according to an official statement on Friday. The FSB said the exchanges converted money stolen from Russian victims of phone scams into cryptocurrency and transferred it to accounts belonging to what it described as Ukrainian handlers. Read more -
Cointelegraph.com - 12:13 Aug 07, 2026
Perpetual futures trading volume on crypto exchanges fell to its lowest level in 31 months, while perpetual trading on decentralized platforms neared a one-year low. Crypto perpetual futures trading volume on centralized cryptocurrency exchanges (CEXs) fell to $4 trillion in July, marking a 31-month low last seen in December 2023. Binance led CEXs with $1.4 trillion in monthly perpetual futures volume, followed by OKX with $607 billion and Bybit with $300 billion, analytics platform CryptoRank said in a Friday X post. Perpetual futures volumes briefly recovered between April and June before declining across all major venues in July. Read more -
Cointelegraph.com - 11:05 Aug 07, 2026
Binance saw a record divergence between daily spot and futures trading volumes, with the latter reaching nearly $58 billion. Bitcoin (BTC) derivatives trading volumes are now nearly eight times higher than spot markets on Binance. Key points: Read more -
Cointelegraph.com - 09:25 Aug 07, 2026
CleanSpark’s shares fell 5.5% on Thursday after the Bitcoin miner reported $138 million in quarterly revenue, narrowly missing Wall Street’s consensus estimate. Nasdaq-listed Bitcoin mining company CleanSpark reported $138 million in revenue for the third quarter of fiscal 2026. The $138 million represented a 30.5% year-over-year decrease from $198 million, according to its quarterly results published on Thursday. CleanSpark also reported a net loss of $239 million, or $0.89 per basic share, for the three months ended on June 30, compared with $257 million in net income, or $0.90 per share, for the same period last year. Read more -
Cointelegraph.com - 09:14 Aug 07, 2026
Stripe-owned Bridge has entered the EU MiCA register following Luxembourg approval, joining regulated providers under the bloc’s crypto framework. Bridge Building, the Luxembourg-based entity behind Stripe-owned stablecoin infrastructure company Bridge, has joined the European Union’s Markets in Crypto-Assets Regulation (MiCA) register after receiving regulatory approval in Luxembourg. Bridge’s inclusion brings the number of MiCA-authorized electronic money token (EMT) issuers in the EU register to 42, according to the latest European Securities and Markets Authority (ESMA) update published on Wednesday. The addition came weeks after Bridge announced on July 2 that it had secured a Crypto-Asset Service Provider (CASP) authorization under MiCA and an Electronic Money Institution (EMI) licence from Luxembourg’s Commission de Surveillance du Secteur Financier. Bridge’s Head of Product, Mai Leduc Blount, said the approvals allow businesses in the EU to build stablecoin and payment products under a regulated frame... -
Cointelegraph.com - 09:01 Aug 07, 2026
Industry figures warned that continued legislative limbo could slow institutional adoption, revive regulation by enforcement and push innovation offshore. The US Senate’s delay of a vote on crypto market structure legislation could give Hong Kong and Singapore more time to strengthen their positions as digital asset hubs, according to First Digital founder and CEO Vincent Chok. On Friday, Thune’s office confirmed to Cointelegraph that the Senate would not vote on the legislation before the August recess. Thune cited Democratic opposition and said the bill would be a priority when senators return in September. Chok, whose company issues the FDUSD stablecoin, said the delay could give jurisdictions with clearer regulatory frameworks an advantage in attracting capital and talent as US uncertainty weighs on institutional adoption. Read more -
Cointelegraph.com - 07:59 Aug 07, 2026
The Coldcard exploit, which caused more than $100 million in losses, helped push July crypto thefts to $247 million, making it the second-worst month of 2026. July emerged as the second-worst month of 2026 for cryptocurrency thefts, largely due to the recent Coldcard exploit. Hackers stole $247.4 million in crypto in July, the most this year after the $644 million stolen in April, according to DefiLlama data. The total was more than triple the $75 million stolen in June and the $60 million stolen in May. The Coldcard exploit was the month’s biggest exploit, with at least $100 million in Bitcoin (BTC) stolen from 7,300 wallets across three confirmed attack waves, according to Galaxy Digital. The company also identified a suspected fourth wave that could bring total losses to about $130 million. DefiLlama’s hack tracker estimates losses tied to the Coldcard exploit at $115 million. Read more -
Cointelegraph.com - 05:24 Aug 07, 2026
Japanese authorities called for address registration, customer-specific limits and stronger authentication as part of a broader push to curb misuse of exchange accounts. Japan’s financial regulator has asked crypto exchanges to introduce withdrawal delays and other safeguards as authorities respond to increasingly sophisticated scams involving digital assets. On Thursday, the Financial Services Agency (FSA) said it had jointly requested the measures with the National Police Agency amid growing losses among crypto exchange users and cases where funds obtained through fraudulent schemes are being transferred to exchange accounts. The request calls on exchanges to restrict crypto withdrawals for a specified period after customers deposit fiat currency or purchase digital assets. Platforms were also asked to require users to pre-register crypto withdrawal addresses and impose a waiting period before newly added addresses can be used. Read more -
Cointelegraph.com - 05:04 Aug 07, 2026
The latest bipartisan ethics proposal would reportedly require Trump to divest crypto businesses while allowing him to defer capital gains taxes on those sales. A bipartisan ethics proposal pitched to US President Donald Trump to secure passage of the crypto market structure bill in Congress could create a significant tax benefit for the president, Bloomberg reported Thursday. The ethics addendum, which has not been made public, includes a provision requiring the president to divest from crypto-related businesses, according to people familiar with the matter. The proposal would reportedly allow Trump to defer capital gains taxes on any required divestitures, potentially leading to tax savings in the millions. Democratic concerns over Trump’s crypto conflicts have been a central obstacle to passing the market-structure bill. Senators have been working on an ethics addendum meant to break that impasse, though the reported tax-deferral benefit could become another point of contention for Democrats to question ... -
Cointelegraph.com - 03:22 Aug 07, 2026
Crypto exchange Bitget has signed an agreement with Gelephu Mindfulness City Authority to pursue a regulated local presence. Bitget has signed an agreement with Bhutan’s Gelephu Mindfulness City Authority to explore establishing a licensed local operation, as the crypto exchange seeks a foothold in the country’s developing digital asset sector. The agreement could pave the way for Bitget to establish a legal presence and prepare its application for a relevant financial services license in GMC, a $100 billion autonomous economic zone backed in part by Bhutan’s national Bitcoin reserves that aims to create high-value roles in finance, tech and wellness. “GMC is the emerging hotbed for digital finance, and Bitget looks forward to contributing exchange experience, infrastructure knowledge and local talent development as this ecosystem grows,” said Gracy Chen, CEO at Bitget. Read more -
Cointelegraph.com - 02:49 Aug 07, 2026
Senate Majority Leader John Thune confirmed that the chamber was “punting” the vote until September. Senate Republican leaders are expected to leave for their August recess without voting on crypto market structure legislation, delaying consideration of the bill until at least September, according to a report from Politico. Senate Majority Leader John Thune confirmed that the chamber would not vote on the legislation before the recess, citing Democratic opposition and saying it would be prioritized when senators return next month. “The Dems are insistent on no Clarity vote,” Thune said, according to comments his office provided to Cointelegraph. “I worked with sponsors of the bill. Senator Lummis was great, and we’re getting that queued up first thing when we come back.” Read more -
Cointelegraph.com - 02:17 Aug 07, 2026
Bitcoin miner MARA posted its highest quarterly Bitcoin production in over a year, but was overshadowed by a 28% decline in the average price of Bitcoin. Bitcoin miner MARA swung to a net loss of $611.3 million from a year-earlier profit in the second quarter of 2026, driven primarily by a change in the value of its Bitcoin holdings, despite reporting its highest quarterly Bitcoin production in more than a year. The net loss, equivalent to $1.60 per diluted share, is down compared to a net income of $808.2 million, or $1.84 per diluted share, in the second quarter of 2025, according to the company’s 10-Q SEC filing. MARA mined 2,422 Bitcoin in the quarter, 3% more than the prior year period, but higher production was more than offset by a 28% decline in the average Bitcoin price. “Two things defined Q2 for MARA. Bitcoin prices created a challenging revenue environment [and] we used the quarter to fundamentally transform our power portfolio and capital structure,” said MARA chief financial officer Salman Kha... -
Cointelegraph.com - 00:09 Aug 07, 2026
Wintermute said the registration allows the firm to position itself for the growth of tokenized securities in the US. Wintermute’s US arm has registered as a broker-dealer, enabling the crypto trading firm to expand into traditional financial services in the US. On Thursday, Wintermute announced its affiliate Wintermute USA LLC has registered with the US Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA). The registration allows Wintermute USA to trade stocks and stock options and act as an authorized participant for exchange-traded products “including those tied to digital assets.” Wintermute said the registration allows the firm to position itself for the emerging tokenized securities landscape. Read more -
Cointelegraph.com - 21:11 Aug 06, 2026
The Defend American Jobs and Protect Progress PACs reported spending more than $1.5 million on media for four House and Senate races ahead of Aug. 18 primary elections. Two groups affiliated with the cryptocurrency company-backed political action committee (PAC) Fairshake disclosed spending more than $1.5 million on media to support House of Representatives and Senate candidates in Florida, Alaska and Wyoming after suffering a primary loss in Michigan on Tuesday. According to Federal Election Commission (FEC) filings as of Thursday, Fairshake PAC affiliates Defend American Jobs and Protect Progress spent a combined $1.5 million on ads for Republican and Democratic candidates, many of whom voted in favor of the Digital Asset Market Clarity (CLARITY) Act while serving in Congress. In Alaska’s at-large congressional district, scheduled to hold a primary on Aug. 18, Defend American Jobs spent more than $500,000 on media supporting the re-election of Representative Nick Begich. The Super PAC spent about the same...
11869 items