Consensys has recently acquired Wallet Guard, a security tool designed to safeguard digital assets and data from theft and fraud. The acquisition aims to integrate Wallet Guard's advanced security features into MetaMask, enhancing user protection within the realm of Web3. With Wallet Guard's expertise in transaction validation and client-side heuristics, MetaMask users can anticipate improved security measures like scam and drainer detection. The integration will see the Wallet Guard team joining Consensys within the MetaMask Product Safety Team to ensure a seamless transition. This move underscores a growing emphasis on user safety in light of increasing crypto hacks and scams in Web3. Despite strides towards bolstering user wallet security, Consensys faces a legal challenge from the SEC over allegations of operating as an unregistered broker. The acquisition signifies Consensys' commitment to eliminating user fund losses and prioritizing security in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Selecting the appropriate cryptocurrency exchange is crucial for secure and profitable trading. By conducting thorough research, individuals can steer clear of scams and unreliable platforms, and identify exchanges with robust security measures, competitive fees, and user-friendly interfaces. This enables investors to align their investment decisions with their objectives and risk tolerance. When selecting a crypto exchange, it is essential to prioritize platforms with a strong reputation and security features such as two-factor authentication and cold storage. Additionally, reliable customer support is vital for addressing any issues promptly. Trusted exchanges like Phemex utilize innovative technologies like automated reserve confirmation to ensure the safety of users' funds. Features such as trading bots and mock trading can enhance trading strategies and risk management practices. Staying informed about industry news and trends is also crucial for making informed decisions. Ultimately, conducting independent research and exercising caution are paramount in the cryptocurrency space. Read more AI-generated news on: https://app.chaingpt.org/news

Cambodia has been selected as the location for a trial run of a blockchain-powered platform for Universal Trusted Credentials (UTC), a digital credential system created by the United Nations Development Program (UNDP). The Dfinity Foundation, known for the Internet Computer blockchain, will collaborate with UNDP on this initiative. Internet Computer will offer the necessary infrastructure for securing and managing UTC. The pilot program, involving the Singapore Monetary Authority and other organizations, aims to promote the involvement of small and medium enterprises in the digital economy. The project, set to expand to 10 countries, utilizes semi-fungible tokens (SFT) for transferring licenses and trade records. Additionally, Cambodia's favorable environment for digital innovation is highlighted, with initiatives like the CBDC-like Bakong currency and collaborations with Binance for digital asset regulation. Internet Computer's decentralized ecosystem is also making strides in providing alternatives to traditional cloud services, offering enhanced security measures for government agencies and enterprises. Read more AI-generated news on: https://app.chaingpt.org/news

A security breach in the Authy Android app's database allowed hackers to access phone numbers associated with accounts, as reported in a July 1 alert by Twilio, the app's developer. While user accounts were not compromised, the exposed phone numbers could be used for phishing attacks in the future. Authy, commonly used for two-factor authentication on centralized exchanges like Gemini and Crypto.com, has since secured the vulnerable endpoint and urged users to update the app for enhanced security. The breach, attributed to the ShinyHunters group, highlights the ongoing threat of SIM swap attacks, where attackers manipulate phone companies to gain control of users' phone numbers. To safeguard against such threats, users are advised to switch to authenticator apps for secure 2FA code delivery. Read more AI-generated news on: https://app.chaingpt.org/news

Recent on-chain data reveals a surge in Bitcoin's active addresses, indicating a potential positive shift in the cryptocurrency's price. According to IntoTheBlock, the Daily Active Addresses metric has shown an increase, reflecting heightened transaction activity on the blockchain. This rise suggests growing user engagement, with over 900,000 addresses conducting transactions within 24 hours. The trend, which began in early June, signifies a renewed interest in Bitcoin after a period of decline. Such spikes in active addresses historically precede price surges, fueling optimism for bullish momentum. However, contrasting this optimism, the derivatives market shows a rise in bullish bets, potentially signaling an overheated market. Despite these mixed signals, Bitcoin's current price hovers around $61,900, highlighting the ongoing volatility in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

A recent Bank of Canada survey found that less than 3% of Canadians have utilized Bitcoin or other cryptocurrencies for day-to-day transactions over the past two years. Despite a growing trend in alternative payment methods, such as e-transfers, the use of cryptocurrencies remains unpopular in the country. The reluctance to go cashless is a major factor hindering crypto adoption, with over 80% of respondents expressing no intention to stop using cash in the future. However, Canada boasts the second-largest network of Bitcoin ATMs globally, with 2,941 active machines. In a bid to promote financial innovation, the Bank of Canada has partnered with the Bank for International Settlements to establish the BIS Toronto Innovation Centre, focusing on themes like central bank digital currencies. While crypto adoption may be slow, the thriving ATM ecosystem indicates a growing interest in digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

Marathon Digital Holdings, the largest Bitcoin mining company globally, has retained its entire Bitcoin holdings despite the recent market downturn. With over 18,536 Bitcoin valued at $1.1 billion as of June, the firm plans to bolster its holdings through strategic purchases and exploring other opportunities. The company, valued at $6.25 billion, aims to reach a hash rate of 50EH/s by 2024. Additionally, Marathon's innovative Bitcoin mining project in Finland, heating a town using excess heat from mining rigs, showcases the potential for sustainable heating solutions. The company's commitment to holding Bitcoin amidst market fluctuations highlights its long-term vision and strategic approach in the crypto space, setting a precedent for other industry players. Marathon Digital's steadfast stance on Bitcoin reflects its confidence in the digital asset's future prospects and its dedication to sustainable mining practices. Read more AI-generated news on: https://app.chaingpt.org/news

T-Mobile Deutsche Telekom MMS has teamed up with Subsquid, a decentralized data platform, to operate dedicated worker nodes within Subsquid's decentralized 'data lake.' This collaboration aims to enhance the security and efficiency of blockchain data retrieval and delivery. Worker nodes within the Subsquid network process data queries and fetch the requested information from the data lake for data consumers. Alexander Ebeling, co-founder of Web3 Unit Deutsche Telekom MMS, highlighted the importance of security in enterprise-scale systems, emphasizing the need to protect against cyber threats. The partnership with Subsquid is set to strengthen and secure permissionless data access across Web3. This initiative follows Deutsche Telekom's involvement as a validator for the Ethereum layer-2 scaling platform Polygon. The collaboration also addresses challenges such as efficient data partitioning and implementing robust security measures in a decentralized environment, ensuring the authenticity of all relevant data. Read more AI-generated news on: https://app.chaingpt.org/news

RedStone Oracles has successfully raised $15 million in a Series A funding round for its versatile blockchain oracle platform, attracting 100 clients. The company, known as the 'fastest-growing modular oracle,' plans to use the funds to enhance its oracle products, offering optimized price feeds for Ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks. Led by Arrington Capital, the funding round saw participation from Spartan, IOSG Ventures, SevenX, Amber, HTX Ventures, and angel investors. RedStone, established in 2021, has gained significant traction since its mainnet launch in January 2023, serving over 100 clients and securing $4 billion in value. With support for 60+ blockchains, RedStone aims to provide cost-effective solutions for decentralized applications by minimizing transaction costs. The company's innovative approach has positioned it as the sixth-largest oracle solution in the market, catering to 38 protocols. Read more AI-generated news on: https://app.chaingpt.org/news

Galaxy Digital CEO Mike Novogratz predicts a favorable regulatory environment for cryptocurrencies in the US post the 2024 presidential election, emphasizing bipartisan support. Despite some opposition, most US politicians lean towards supporting crypto innovation. Novogratz anticipates positive legislation irrespective of the election winner, citing a shift towards a more favorable stance. He also discusses Bitcoin's market trends, expecting it to trade between $55,000 to $73,000. With Bitcoin currently at $62,000, Novogratz advocates for its inclusion in investment portfolios. The crypto market, valued at $2.3 trillion, sees Bitcoin dominance at 53.22%. Additionally, Galaxy has doubled its hashrate, and spot ETH ETFs may launch soon. Tether EDU and BTguru collaborate for blockchain education in Turkey. Climate activist Margot Paez praises Bitcoin as a sustainable financial system alternative. CryptoSlate's market report delves into LTHs and STHs' impact on the Bitcoin ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

American actress Sydney Sweeney's X account was recently hacked to promote a crypto token named after her, resulting in a pump-and-dump scheme. The Solana-based token SWEENEY quickly gained over $10 million in trading volume within hours of its launch, fueled by promotional posts from Sweeney's compromised account. The token's value plummeted by 90% shortly after, with the market cap dropping to $1.2 million. The hacker, linked to a Telegram channel, claimed responsibility for the breach and hinted at targeting more celebrities. This incident follows a trend of minor celebrities endorsing crypto tokens, with mixed results. Notable figures like Caitlyn Jenner and Floyd Mayweather have also been involved in promoting memecoins. Despite initial success, these tokens have experienced significant market cap fluctuations. The rise of celebrity-endorsed tokens poses risks, as seen in the case of Sweeney's hacked account promoting the SWEENEY token. Read more AI-generated news on: https://app.chaingpt.org/news

Headlines often highlight massive Bitcoin and crypto futures liquidations, with many blaming retail traders' excessive leverage. While retail-oriented exchanges like Bybit and Binance see high liquidation rates, not all are due to reckless trading. Professional traders also face liquidations, but it doesn't always mean losses or over-leveraging. Futures trading, especially perpetual contracts, offers easy access to high leverage but comes with risks. Traders should avoid relying solely on directional trades and consider strategies like exploiting low-liquidity pairs or cash and carry trades. Funding rate arbitrage, capitalizing on varying rates across markets, can also be profitable. These approaches show that leveraging derivatives wisely can lead to profits even in less volatile markets. However, success requires knowledge, experience, and a strong capital base to navigate market fluctuations effectively. Read more AI-generated news on: https://app.chaingpt.org/news

VanEck and 21Shares have submitted a Solana-based exchange-traded fund (ETF) application, but its approval remains uncertain, hinging on the US presidential election outcome. If a Republican like Donald Trump wins, approval chances may increase. Analysts like James Seyffart believe approval is unlikely under the current administration, especially if Democrats maintain control. The appointment of a Securities and Exchange Commission (SEC) head by Trump could sway the decision. Speculation about potential SEC chair replacements, including Dan Gallagher, is rife. Despite skepticism, institutional interest in Solana is high, as seen with Grayscale's Solana Trust. GSR predicts a significant price surge for Solana if ETFs are approved. The complex mix of market dynamics, regulations, and politics makes the Solana ETF filings a risky bet, dependent on US leadership changes. Read more AI-generated news on: https://app.chaingpt.org/news

Tether has strengthened its position in Turkey by collaborating with a local cryptocurrency company to enhance industry knowledge. The issuer of the Tether stablecoin, Tether, has signed a memorandum of understanding with BTguru, a local crypto platform, to explore digital asset educational programs in Turkey. The partnership aims to introduce stakeholders to the benefits of cryptocurrency and blockchain technology, as well as promote peer-to-peer technology. Tether and BTguru will also investigate real-world asset tokenization for banks and assess payment network scenarios. This move comes as Turkey experiences a surge in cryptocurrency adoption, ranking fourth in transaction volume globally. The collaboration between Tether and BTguru signifies a commitment to advancing digital assets and P2P technologies in Turkey's evolving crypto ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

The Monetary Authority of Singapore (MAS) has heightened the risk assessment for cryptocurrency exchange platforms from medium-low to medium-high in accordance with the country's laws on Countering the Financing of Terrorism (CFT). The update to Singapore's Terrorism Financing National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism aims to safeguard against terrorist exploitation of the country's economic openness. Crypto exchange platforms, categorized as digital payment token (DPT) service providers, now face increased risk levels. The MAS, actively regulating the digital asset market, has expanded regulations to include digital token services providers, ensuring user protection. Singapore, known for its pro-crypto stance, recognizes Bitcoin and Ether as legal cryptocurrencies. With a high crypto adoption rate of 11.2%, Singapore remains at the forefront of embracing digital currencies. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency community is abuzz with speculation over the German government's handling of its substantial Bitcoin reserves. A recent transfer of 1,500 BTC, valued at $95 million, has triggered concerns among seasoned investors. The fear of a potential government sell-off, reminiscent of a previous $195 million transfer that led to a 3.5% price drop, looms large. Analysts like Vijay Pravin caution against a significant market downturn if large-scale sales occur. However, some experts suggest that the transfer may be part of a strategic portfolio rebalancing effort to diversify holdings. Alternatively, it could be a test of market liquidity or a prelude to future trades. Regardless, the German government's actions underscore the increasing influence of institutional players in the crypto sphere, with their $2.82 billion Bitcoin holdings shaping market trends. Despite concerns, Bitcoin's current price of $62,947 and market cap of over $1.24 trillion signal a positive outlook. Read more AI-generated news on: https://app.chaingpt.org/news

South Korea’s Digital Asset Exchange Alliance (DAXA) has introduced new guidelines for reviewing over 1,300 cryptocurrencies listed on local exchanges. Starting July 19, 2024, these guidelines aim to prevent mass delistings by establishing standardized criteria and processes for transaction support reviews. Developed in collaboration with 20 domestic crypto exchanges, the 'Best Practices for Supporting Digital Asset Transactions' cover review processes, termination procedures, and disclosure requirements. Aligned with the Virtual Asset User Protection Act, the initiative seeks to create a secure and transparent market for investors. The guidelines follow recommendations from financial authorities and emphasize the need for self-regulation within the industry. To address concerns about delistings, exchanges have already implemented the review items. The six-month re-examination period will ensure fair procedures and transparency in transaction support terminations. Criteria focus on issuer reliability, user protection, technology, and compliance with laws. The move aims to enhance investor trust and market integrity in South Korea's crypto industry. Read more AI-generated news on: https://app.chaingpt.org/news

The crypto market saw a 2% increase in total market capitalization, reaching $2.32 trillion on July 1. Bitcoin and Ether also experienced gains of around 2.5% and 2.2% respectively. Factors contributing to this uptrend include a positive macro environment, reduced selling pressure, and a stronger market structure. Recent data suggests a strengthening market sentiment following the FOMC meeting on June 12, where the Fed Funds Target Range remained unchanged. Analysis shows increased volatility in trading activity, with corrections and consolidations. Stablecoin outflows from exchanges have decreased, indicating reduced selling pressure. Bitcoin's spot price fell below short-term holders' realized price, signaling potential seller exhaustion. Technical analysis suggests a possible rise towards $2.52 trillion, but challenges lie ahead between $2.30 trillion and $2.358 trillion. Readers are advised to conduct their own research before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

German Bitcoin mining and cloud computing company Northern Data AG is reportedly preparing for an initial public offering (IPO) in the United States, aiming for a valuation of up to $16 billion. The firm, Europe's largest Bitcoin miner by market cap, is looking to list its 'Taiga' and 'Ardent' entities on the Nasdaq in the first half of 2025. Additionally, Northern Data's Bitcoin mining business, Peak Mining, may also undergo a separate listing. Despite previous considerations for an IPO in February 2021, the company is now exploring this option further. With banks suggesting a valuation between $10 billion and $16 billion, Northern Data's plans are still subject to change. The company, which began as Northern Bitcoin AG in 2009, has since expanded into AI, following a trend among Bitcoin miners to diversify their operations. Read more AI-generated news on: https://app.chaingpt.org/news

Bitfarms, a Bitcoin miner, boosted its Bitcoin production by 21% in June despite facing a takeover bid from Riot Platforms. The company mined 189 Bitcoin and sold 134 for $8.8 million, holding 905 Bitcoin worth $57 million. Production dropped by 51% due to a halving event. Bitfarms raised its hashrate to 11.4 exahashes per second, aiming for 21 EH/s by 2024. It upgraded its mining fleet by adding 39,000 new miners and shutting down less efficient ones. Operations expanded in the US and faced disruptions in Paraguay. Riot's $950 million buyout offer failed, with Bitfarms blocking attempts to acquire more than 14.9% stake. Despite challenges, Bitfarms remains resilient in the face of competition and market fluctuations. Read more AI-generated news on: https://app.chaingpt.org/news