July 2024 - Crypto News And Market Updates

Illustration showing Amundi tokenizing a €5 billion fund on Ethereum, highlighting institutional blockchain adoption.

Phoenix Group Unveils 25MW Crypto Mining Facility in South Carolina

July 23, 2024 Gonzalo

Phoenix Group launches a new 25MW crypto mining facility in South Carolina, enhancing its global capacity to 18 exahash and driving technological advancement.

Illustration showing traditional banks and crypto networks merging into a unified digital asset ecosystem

Digital Asset Products See $1.35 Billion in Inflows, Extending 3-Week Run to $3.2 Billion

July 22, 2024 Gonzalo

Digital asset products experienced $1.35 billion in inflows last week, bringing the three-week total to $3.2 billion, driven by strong Bitcoin investments.

Breakthrough in Zero Energy Storage May Pave the Way for Eternal Blockchains

July 21, 2024 Gonzalo

Recent advancements in zero energy storage could lead to immortal blockchains, preserving data for millions of years and securing our digital future.

Illustration showing a sharp decline in Nvidia stock price amid broader market pressure.

Nvidia Claims Breakthrough on Path to GPU-Based Quantum Computing

July 21, 2024 Gonzalo

Nvidia researchers report a major milestone in GPU-based quantum computing, promising advancements for industries like finance and blockchain.

Nigerian Crypto Celebrity Blord Released on Bail After Fraud Allegations

July 20, 2024 Gonzalo

Nigerian crypto star Blord is out on bail after police detention over alleged fraud and terrorism financing, raising concerns for Nigeria’s crypto sector.

Bitcoin market illustration showing liquidity compression and signals of an upcoming volatility breakout.

Bitcoin ‘Keeps Hashing’ Despite Widespread CrowdStrike Network Failures

July 20, 2024 Gonzalo

Bitcoin remains unaffected by CrowdStrike’s network failures due to its decentralized nature and reliance on Linux systems, says mining CEO Taras Kulyk.

Crypto security illustration showing a shield and warning symbols, representing scam prevention and protection in the crypto space.

Rho Markets Attacker Offers to Return Funds, Says Incident Not a Hack

July 19, 2024 Gonzalo

Rho Markets attacker offers to return $7.6M, claiming it wasn’t a hack but a configuration mistake, according to blockchain investigator ZachXBT.

Illustration showing Bitcoin accumulation imagery with stacked coins and network effects.

UK Advised to ‘Rebuild Britain’ with $5B Bitcoin Trove

July 19, 2024 Gonzalo

Merryn Somerset Webb advises the UK to sell its $5 billion Bitcoin trove for economic recovery, sparking debate on state-controlled BTC stockpiles.

Illustration visualizing rumors around Bitcoin strategic reserves and potential government involvement.

Hong Kong’s ZA Bank Offers Reserve Bank Services for Stablecoin Issuers

July 19, 2024 Gonzalo

ZA Bank in Hong Kong rolls out reserve bank services for stablecoin issuers, partnering with nearly 10 firms to enhance digital asset stability and security.

Illustration showing the Texas State Capitol linked to crypto proof-of-reserves legislation and transparency measures.

Bitcoin Miner Crusoe to Build ‘Multibillion-Dollar’ AI Data Center in Texas

July 18, 2024 Gonzalo

Crusoe Energy’s new AI data center in Texas aims to leverage renewable energy to power significant advancements in artificial intelligence technology.