Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

Kraken finishes Mt. Gox Bitcoin distribution, but creditors aren’t selling BTC

Mt. Gox creditors aren’t selling their Bitcoin, despite preliminary concerns that 99% of them could be looking to offload BTC.

CryptoSlam founder says new SlamNet ecosystem aims to solve Web3 fragmentation

CryptoSlam founder and CEO Randy Wasinger believes Web3 is becoming too fragmented for developers and users and plans to solve the issue with a new platform.

dYdX v3 website recovers after DNS attack, users warned to delete cache

The exchange warned users to clear their browser’s cache before visiting the website to avoid accidentally caching the compromised version.

Bitcoin ‘massive rally’ due as buy signal hits for 1st time in a year

BTC price breakout talk returns as the popular hash ribbons indicator goes from “capitulation” to “buy” for the first time in 2024.

Mt. Gox transfers $335M in Bitcoin to Bitstamp, unknown wallet

Mt. Gox transferred 5,106 BTC to Bitstamp and an unknown address, with 2,869 BTC rapidly moving through multiple wallets.

Mt. Gox shifts $2.5B in Bitcoin to unknown wallet, repayments top 40%

Mt. Gox transferred 37,477 BTC to a new wallet, while data shows that 40% of creditor repayments have now been distributed.

ETH traders should ‘expect the unexpected’ after ETF launch

Crypto analysts argue that past performance won’t help to predict Ether’s prices anymore, and Ether has “all the elements to rally like it has never seen before.”

Mark Zuckerberg calls for open-source AI as Meta releases Llama 3.1

Meta is “taking the next steps toward open-source AI becoming the industry standard,” according to CEO Mark Zuckerberg.

Hex Trust gets initial nod for payment institution license in Singapore

Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope.

Spot Ethereum ETFs post $107M net inflows on first day

The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust.

Coinbase files motion to compel in ongoing fight to get Gensler’s emails

Coinbase has now filed a motion to compel, including among others, a narrowed request for Gary Gensler’s private communications during his time as Chair.

Bitcoin to spend ‘considerable time’ at $66K, HODLing could change that

Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through.

Google parent Alphabet profit surges 29% in Q2 amid AI splurge

The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business.

Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics

Analysts from Citi Group said a potential “crypto-friendly” administration and growing revenues are bullish catalysts for Coinbase shares.

BlackRock Bitcoin ETF inflows surpass 'magnificent 7' stocks as trader eyes $88K

Bitcoin price could reach above the $88,000 mark by September, driven by continued Bitcoin ETF inflows.

Spot Ethereum ETFs seen with over $1B in trading volume on debut

Bloomberg ETF analyst Eric Balchunas said the $625 million in trading volume excluding Grayscale’s ETHE was “healthy” and expects a “sizeable chunk” of that sum will convert to inflows.

Riot subsidiary Whinstone US sues former JV partner over revenue flow

The partners at the Texas facility had troubled relations almost from their start in 2020.

Senator Cynthia Lummis releases report attacking Biden’s mining tax

The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.

Crypto Super PAC spends $1.7M on media buys as Arizona primary looms

Protect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congress in Arizona’s 1st District.

Kamala Harris could be ‘far more open’ to crypto business, Mark Cuban says

Kamala Harris’ campaign team is reportedly seeking input on crypto policy ahead of the Democratic National Convention.

Bill targeting illicit use of crypto passes US House

The Financial Technology Protection Act passed the House of Representatives by voice vote roughly a year after lawmakers sent it out of committee.

Wintermute in $300M funding talks, Tencent interested: Report

The crypto market maker could have a valuation of $2 billion if the talks come to fruition.

US lawmakers send a letter to OpenAI requesting government access

Congressional Democrats asked the AI firm, “What is the percentage of computing resources that OpenAI is dedicating to AI safety research?”

Crypto traders say Ethereum ‘undervalued,’ expect spot ETH ETF to fuel new highs

Ether’s price has a muted response to today’s spot ETH ETF launch, but traders still expect Ether to hit new highs soon.

dYdX explores sale of derivatives trading arm

Selini Capital and Wintermute Trading are reportedly bidding on dYdX’s v3. The protocol’s v3 was compromised on July 23.

dYdX v3 compromised in an apparent DNS attack

An attacker appears to have installed a token-draining program on the official domain for dYdX version 3.0.

Spot ETH ETFs launch — Are Ethereum derivatives traders positioned for upside?

The spot ETH ETFs are live, but how are pro traders positioned in the options market?

What are the hidden costs of prioritizing commercial interests over AI safety?

Decentralized AI safety program leverages community-driven competitions to ensure robust and secure AI systems.

AT&T's latest massive breach shows the peril of data centralization

A 24-year-old hacker infiltrated AT&T systems — and accessed data on more than 100 million people. Decentralizing data could limit similar risks in the future.

Ether ETFs start trading, preliminary inflow data revealed

Analyst Eric Balchunas says that initial inflows into the Ether ETFs accounted for roughly 50% of Bitcoin ETF inflows on day one.

Image