Bitcoin advocates have met with Indonesian officials, including Vice President Gibran Rakabuming Raka, to propose creating a national Bitcoin reserve. The proposal suggests using Bitcoin mining as a sovereign strategy to promote long-term economic stability by leveraging the country’s abundant geothermal and hydroelectric energy. The presentation emphasised the need forContinue Reading
Binance co-founder Changpeng Zhao (CZ) is seeking to dismiss a US$1.76 billion lawsuit from the FTX bankruptcy trust. His legal team argues that US courts lack jurisdiction over him because he is a resident of the United Arab Emirates and the transactions in question were between offshore firms. The lawsuit,Continue Reading
The SEC issued new guidance stating that liquid staking, in some forms, does not qualify as a securities transaction. Commissioner Hester Peirce backed the view, likening liquid staking to depositing assets in exchange for ownership receipts. Meanwhile, Commissioner Caroline Crenshaw criticised the guidance as legally unfounded and detached from reality.Continue Reading
EIP-7999 proposes a single, fungible max fee to cover multiple Ethereum transaction resources. The upgrade could further improve cost-efficiency and maintain Ethereum’s competitive edge. It would build on past improvements like EIP-7706 and gas normalisation research. Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced a new proposal, EIP-7999,Continue Reading
Brazil’s Chamber of Deputies will hold a hearing on 20 August to deliberate on creating a national Bitcoin reserve through bill 4501/2024. A 2024 proposal suggested allocating 5% of Brazil’s US$330 billion reserves to Bitcoin, which would equate to approximately US$16.5 billion in BTC. Brazil leads South American crypto adoptionContinue Reading
Galaxy Digital CEO Mike Novogratz believes the trend of companies adding Bitcoin to their treasury reserves has reached its peak with fewer new entrants expected. The firm recently executed one of the largest Bitcoin sales in history, selling 80,000 BTC on behalf of an anonymous client to institutional buyers. Meanwhile,Continue Reading
After a 12-year quest, James Howells has abandoned his attempt to recover a hard drive with 8,000 Bitcoin from a Newport landfill. His repeated legal bids and proposals, including an offer to buy the landfill, were blocked by the Newport City Council and ultimately rejected by the UK Court ofContinue Reading
Coinbase’s Layer 2 network, Base, experienced a 30-minute block production halt, disrupting core functions like deposits and withdrawals. The issue was an “unsafe head delay”, but the team fixed it quickly. The outage occurred amid a sharp rise in network activity, with new token launches on the Base App surgingContinue Reading
YGG Play, the publishing arm of Yield Guild Games, has signed its first external publishing deal with the on-chain RPG Gigaverse. The partnership provides Gigaverse with YGG Play’s marketing, community growth, and player acquisition support. The deal highlights live Web3 interoperability and features smart contract-based revenue sharing, allowing developers toContinue Reading
Chainlink Data Streams now live on 37 blockchains and integrated by DeFi apps like GMX and Kamino. Real-time pricing data includes SPY, AAPL, MSFT, QQQ, NVDA, and more. The launch supports applications like perpetuals, tokenised equities, and synthetic ETFs. Chainlink has released a new service called Data Streams to provideContinue Reading
