BigONE, a Seychelles-based crypto exchange (because who doesn’t love a good offshore account? 🏖️), revealed that they’d suffered a major security breach. It turns out that a third-party supply chain attack targeted their hot wallet infrastructure. Who knew that was a thing? 🤔
Matt Mena, a sage and intrepid analyst at 21Shares, remains resolute in his conviction that the current dip is but a mere blip on the radar of the grand Bitcoin narrative. “The institutional demand is simply too great,” he declares with an air of quiet confidence, “and the supply, well, it’s as dry as a London socialite’s wit.”
Gugnin allegedly failed to implement AML regulations and didn’t file suspicious activity reports (SARs), violating the Bank Secrecy Act and misleading financial institutions 📝. He also searched online for ways to detect law enforcement surveillance, because, you know, paranoia is a real thing 😂.
Ripple, the company behind the XRP Ledger, will provide the institutional-grade custody infrastructure, while Ctrl Alt will oversee the lifecycle of these digital assets. Ctrl Alt, recently licensed as a VASP by Dubai’s Virtual Assets Regulatory Authority (VARA), plans to simplify access to premium real estate by enabling fractional ownership. CEO Matt Ong called the partnership a step toward broader investor participation in the market, backed by Ripple’s proven tech. 💸💰
CME’s XRP futures market had a momentous meltdown on July 11, breaking every record in sight. Over $235 million in notional value switched hands in a single hectic day! That’s right—volume was casting spells across both standard and micro contracts, making every trader feel like they hit the jackpot. 💸✨
Ether (ETH) price is up 6% on Wednesday, reaching $3,170 for the first time since Feb. 1. This outperformed the broader cryptocurrency market, which gained 1.8% over the last 24 hours. 🚀
Bitcoin’s (BTC) hourly chart shows that prices have triumphed over the descending channel, forming a higher low at around $117,000. It’s like watching a motivational speaker come back to inspire a crowd. Plus, it’s crossed the Guppy multiple moving average—don’t ask me what that is, but it sounds smart.
Four primary methods have crystallized: direct crypto payments, licensed agent conversions, crypto-backed investment funds, and accepting crypto as proof of wealth. Investment sums range from a modest $130,000 to a princely $1 million, with processing times stretching from a mere month to a grueling year or more.
One can hardly ignore the splash made by Coinbase as it makes the rather audacious decision to adopt ENS for its Web3 username service. I mean, how terribly modern! By migrating those dull “.cb.id” usernames to the glittering ENS, Coinbase has effectively put its stamp of approval—about time, really! This delightful move not only enhances the visibility of ENS but practically shouts, “Please, dear retail and institutional chaps, come indulge!” Increased usage leads to a jolly good show of on-chain metrics, and who doesn’t love a bit of upward momentum? 📈
After investing $500 million to buy Bitcoin (BTC), GameStop is taking a step further in its crypto comeback journey with a prospective payments rail.
