CRYPTO

Authored by Francisco Rodrigues via CoinTelegraph.com,

Mt. Gox was once a dominant cryptocurrency exchange, but a devastating security breach caused it to collapse and left approximately 127,000 creditors waiting to recover their funds. 

Those creditors have waited over a decade to get their hands on their Bitcoin, but surprisingly, many are still just holding onto it.

Data shows that nearly half of the Bitcoin owed to Mt. Gox creditors — 59,000 out of a total of 141,686 (more…)

Authored by Savannah Fortis via CoinTelegraph.com,

The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is gradually coming into effect in line with its planned implementation timeline. The initial set of regulations, which took effect on July 1, focused on stablecoins and their issuers.

These clear guidelines have both cleaned out the market of players not able to meet regulatory requirements and created a favorable environment for stablecoins (more…)

Authored by Colin Crossman via Bitcoin Magazine,

Following the announcement on July 27th at the Bitcoin conference in Nashville, the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide” or BITCOIN Act of 2024, introduced by Senator Cynthia Lummis of Wyoming, seeks to firmly establish Bitcoin as a strategic asset in the United States’ financial arsenal. At its core, the Act proposes the creation of a Strategic Bitcoin Reserve (SBR) and a (more…)