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PRESS RELEASE. Swisstronik , the layer-1 network for developing scalable dApps which safeguard and maintain privacy for users’ data while remaining regulatory compliant, is excited to announce the launch of its first testnet. Swisstronik Testnet 1.0 is now available, offering dApp developers powerful encryption and enterprise-grade transaction security through Intel SGX technology. Simultaneously, Swisstronik’s first Bug Bounty is launching, with rewards reaching up to $31,000 per bug found. Why join Swisstronik’s Bug Bounty? With 750+ applications already received for early access to Swisstronik’s Testnet 1.0, it seems clear that this is a great opportunity any Web3 developer should explore. But earning rewards of up to $31,000 per reported bug (paid mostly in USDT ) is not the only reason to join. By supporting Swisstronik, developers also help the crypto community stay true to the decentralization spirit while adapting to the new crypto regulations that transform the industry a...

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings. SEC Lawsuit Accuses Richard Heart of Running Unregistered Securities Offerings The SEC complaint alleges that beginning in December 2019, Heart offered and sold Hex tokens and promised investors incentives and bonuses while marketing Hex as a high-yield blockchain certificate of deposit. Between December 2019 and November 2020, Heart accepted more than $678 million worth of ether from investors in exchange for Hex tokens, the complaint states. The SEC lawsuit states: Through their actions, defendants Heart and Pulsechain violated, and unless enjoined will continue to violate, the antifraud provisions of the federal securities laws. Additionally, the complaint alleges that between July 2021 and April 2022, Heart conducted unregi...

Shiba inu remained close to a two-month high to start the week, as sentiment in the meme coin remained mostly bullish on Monday. This comes despite the global cryptocurrency market cap mostly consolidating in today’s session. Bitcoin cash was another notable exception, as the price rose by over 4%. Shiba Inu (SHIB) Shiba inu (SHIB) was close to a two-month high on Monday, as momentum in the meme coin remained bullish. Following a low of $0.000008171 on Sunday, SHIB/USD jumped to an intraday high of $0.000008688 earlier today. This has pushed SHIB close to its highest point since May 29, when price peaked at $0.000008888. Monday’s move came as the relative strength index (RSI) bounced from a recent support point at the 60.00 mark. At the time of writing, the index is tracking at 64.41, with the next visible point of resistance at 68.00. Should it reach this point, SHIB will likely hit a ceiling of $0.00000885. Bitcoin Cash ( BCH ) Another notable gainer on Monday was bitcoin c...

According to Brian Armstrong, the CEO of crypto exchange Coinbase, the U.S. securities regulator reportedly told his company to delist all digital assets save for bitcoin. Armstrong said acceding to the SEC’s demand would have “meant the end of the crypto industry in the U.S.” SEC Reportedly Refused to Explain Why It Classifies Digital Assets as Securities Prior to suing Coinbase, the U.S. Securities and Exchange Commission (SEC) reportedly asked the cryptocurrency exchange to delist all other digital assets except bitcoin. Brian Armstrong, the founder and CEO of Coinbase, claimed in an interview with the Financial Times that the U.S. regulator’s stance suggested it considered every other digital asset a security. According to the CEO, the SEC only filed its lawsuit against Coinbase after the latter ignored the regulator’s advice. However, in its lawsuit filed on June 6, the SEC only identified 13 coins as assets that meet the SEC criteria for investment contracts. Besides accusi...

Bitcoin started the week trading higher, as markets prepared for a big week of economic data in the United States. The headline announcement will be Friday’s nonfarm payrolls, in addition to services and manufacturing activity data. Ethereum continued to trade above a key support point on Monday. Bitcoin Bitcoin ( BTC ) was in the green to start the week, with the price trading at its highest point since last Friday. Traders are optimistic heading into August, which has historically been a bullish month for the cryptocurrency. BTC /USD hit an intraday high of $29,489.87, which comes following a low at $29,059.50 during Sunday’s session. Bitcoin chart by TradingView Bitcoin bulls rejected a breakout below the $29,000 mark, just as the relative strength index (RSI) closed in on a collision with a resistance level at 46.00. This ceiling appears to be a major obstacle preventing price from moving towards its obvious target at the $30,000 mark. At the time of writing, the RS...

NFTs represent unique and indivisible items, backed by blockchain technology, certifying their originality, scarcity, and authenticity. Whether it’s digital art, music, videos, virtual real estate, or collectible items, NFTs have become a powerful tool for artists, creators, collectors, and investors alike, unlocking new opportunities and experiences in the digital space. In the dynamic and ever-evolving world of cryptocurrency and NFTs, a groundbreaking project is on the rise, captivating the attention of cabaret club enthusiasts and investors alike. Introducing marumaruNFT, the one-of-a-kind NFT marketplace tailored exclusively for cabaret club hostess and hosts. With its unique approach, marumaruNFT aims to reshape the cabaret industry, open new revenue streams, and create a dynamic ecosystem for its users. Japan – In an exciting announcement, the marumaruNFT team revealed their innovative platform set to launch in August. This groundbreaking marketplace will enable cabaret clubs...

An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using cryptocurrencies. Japan Government Asked to Amend Tax Laws for Crypto Gains and Transactions The Japan Blockchain Association (JBA) has submitted a request to the government in Tokyo to revise the taxation regime for virtual currencies. The organization led by co-founder and CEO of Japanese crypto exchange Bitflyer, Yuzo Kano, insists that the proposed changes would allow more domestic companies to enter the Web3 sector. The JBA is calling for a review of the taxation system for crypto assets, which it says is hindering the growth of the Web3 business in Japan, as well as for the development of an environment in which citizens can own and use digital assets, the Japanese crypto news outlet Coinpos...

The Kenyan data regulator said it is conducting an “assessment of Worldcoin’s practices to ensure compliance with the law.” The data regulator has urged “increased vigilance” by Kenyans who are signing up to receive Worldcoin’s “free money.” Immaculate Kassait warned of the consequences to token recipients and issuers should the data regulator fail to ensure Worldcoin and others’ compliance with the law. Kenya’s Data Protection Laws The Kenyan data regulator, the Office of the Data Protection Commissioner (ODPC), has called for “increased vigilance” by residents seeking to get their hands on Worldcoin’s “free” tokens. In a statement issued via Twitter on July 28, ODPC stated that Worldcoin’s activities in the East African nation are governed by the country’s 2019 Data Protection Act. STATEMENT: @ODPC_KE Calls for Vigilance from the Public as It Engages WorldCoin on Compliance with Data Protection Act, 2019. pic.twitter.com/xoY7uOqcNG — OFFICE OF THE DATA PROTECTION COMMISSIONER...

On July 28, 2023, U.S. president Joe Biden made a trip to Auburn, Maine, where he delivered a speech at Auburn Manufacturing and subsequently attended a private fundraising gathering. Eric Brakey, the Republican senator representing Maine, greeted Biden upon his arrival in Auburn and handed him a note. In the message, he suggested that the president should consider granting clemency to the Silk Road creator Ross Ulbricht. Plea for Justice: Senator’s Push for Ulbricht’s Clemency During Biden’s Maine Tour When Joe Biden, the 46th and sitting president of the United States, made his way to Auburn, Maine, he marked the first presidential visit to the town in an entire 110-year span. Speaking at the Auburn Manufacturing site, Biden proudly proclaimed his conviction that ‘ Bidenomics ‘ is yielding success. “We now have more jobs than we had before the pandemic,” Biden explained during his visit. “People are coming off the sidelines — unemployment is down and so is inflation.” As Biden p...

This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once consistently taking the second spot week after week in the NFT sales ranking, Bitcoin-based NFT sales have now stumbled, finishing seventh in the last seven-day stretch. Amid 20 Million Ordinal Inscriptions, Bitcoin’s NFT Sales Nosedive On July 28, 2023, the tally of Ordinal inscriptions achieved a significant milestone, exceeding 20 million . These Bitcoin Ordinals, digital asset inscriptions within the Bitcoin blockchain, enable users to affix information to individual satoshis, the smallest fraction of BTC . Pioneered by Casey Rodarmor and facilitated by Bitcoin’s Taproot upgrade, this technology catapulted the blockchain into prominence. As the numbers swelled into the millions, Bitcoin Ordinal...

Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum ( ETH ) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million ether locked within their systems. Ethereum Liquid Staking Landscape Continues to Swell Liquid staking platforms based on ethereum ( ETH ) have continued to attract sizable deposits, as evidenced by an influx of 270,000 ETH , equivalent to slightly above $505 million at present ETH exchange rates. Back on July 14, 2023, about 10.38 million ETH was secured in these platforms, a figure that experienced a surge to 10.65 million by July 29. Lido Finance continues its reign over these 23 liquid staking applications, claiming 74.31% of the market share. Two weeks ago, Lido held 7.71 million ether within its infrastructure, a figure which has since climbed to 7.91 million. Coinbase, with its grip on 10.99% of the liquid-staked ETH market sha...

A recent study has shown that Singapore, the U.S., and Japan rank highest in the world by debt per citizen, according to United Nations data. In other news, a rare 2010 Bitcoin block reward has awakened after 13 years of dormancy, and the BRICS economic bloc has invited 69 leaders to its August summit. This and much more, just below, in the Bitcoin.com News Week in Review. Singapore, US With Highest Public Debt per Capita, China Most Indebted in BRICS: Study Singapore, the United States and Japan top the global chart in terms of sovereign debt per capita, according to research based on U.N. data. The burden of government debt for every American is 10 times heavier than that for a Chinese citizen, according to the study. Read More Rare 2010 Bitcoin Block Reward Stirs After 13 Years of Dormancy On July 24, 2023, a block reward from 2010 was transferred for the first time in 13 years, marking this month’s first expenditure of dormant bitcoin from that year. So far this year, a tot...

PRESS RELEASE. Road Town, BVI, July 30, 2023 – LBank Exchange, a global digital asset trading platform, will list DBear Coin (DBC) on July 31, 2023. For all users of LBank Exchange, the DBC/ USDT trading pair will be officially available for trading at 6:00 UTC on July 31, 2023. DBear Coin (DBC) is a lifestyle Blockchain-Commerce for the MZ generation, characterized by Web3.0, Metaverse, and customized NFT. All DBC platforms are interconnected like a universe, enabling users to learn, play, and shop. Its native token, DBC, will be listed on LBank Exchange at 6:00 UTC on July 31, 2023, with the goal of expanding its global footprint and supporting the realization of its forward-thinking objectives. Introducing DBear Coin DBear Coin (DBC) is a lifestyle Blockchain-Commerce for the MZ generation, characterized by Web3.0, Metaverse, and customized NFT. All DBC platforms are interconnected like a universe, enabling users to learn, play, and shop. DBC serves as both a membership point ...

Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry,” was Nakamoto’s curt response to questions surrounding the potential solutions for Bitcoin’s transaction speeds and double spending issues. The 13th Year Anniversary of Nakamoto’s Iconic Quote In the summer of 2010, Satoshi Nakamoto was a palpable presence in the nascent world of digital currency, busily shaping Bitcoin’s path and engaging in lively dialogues online. Within a span of two weeks – from July 2 to July 17, 2010 – Nakamoto found the time to articulate 73 thoughtful responses on specific discussions hosted on the forum bitcointalk.org. It was in this buzzing hub, on July 29, 2010, that Nakamoto memorably posted his now-famous line, “If you don’t believe me or don’t get it, I don’t have time to try to conv...

The French oversight agency, National Commission on Informatics and Liberty (CNIL), has raised doubts about the legality of Worldcoin’s biometric data collection methods. Besides questioning the legitimacy of its data acquisition processes, CNIL is also delving into how this biometric data is stored. Notably, Worldcoin has collected this data for over two million registrants who have participated in its project. French Regulator CNIL Questions Worldcoin’s Biometric Data Storage Worldcoin debuted last Monday, and based on available data and footage of individuals enrolling, the venture has been amassing momentum and recognition. In an email conversation with Reuters, CNIL disclosed to the media outlet that it was scrutinizing Worldcoin’s data gathering and has initiated inquiries. “The legality of this collection seems questionable, as do the conditions for storing biometric data,” CNIL informed the news platform. Ahead of launching its worldcoin (WLD) token, Worldcoin asserted it ...

Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC evaporating from circulation since last July. A 12-Month Decline of 86,000 WBTC in Circulation The Wrapped Bitcoin project has been around for over four years , originating as WBTC on the Ethereum blockchain at the dawn of 2019. As of now, WBTC stands as the 16th most valuable asset among a sea of alternative cryptocurrencies, boasting a market value of approximately $4.73 billion. Despite its ranking as the most prominent wrapped bitcoin ( BTC ) derivative token, a notable contraction in circulating coins has been observed since the previous year. To illustrate, rewind to July 13, 2022, when the circulating supply of WBTC stood at an estimated 247,832 WBTC . Today, that number has tapered off to 161,460 WBTC . This translates into a redu...

Dogecoin snapped a three-day losing streak on Saturday, as the meme coin found a point of support. The move came as X, formerly Twitter, continued its re-brand by showcasing its new logo over the San Francisco skyline. Shiba inu surged by over 5% today. Dogecoin (DOGE) Dogecoin (DOGE) rebounded on Saturday, as the token ended a recent three-day losing streak in today’s session. DOGE/USD hit an intraday peak at $0.07828 earlier in the day, following Friday’s drop to a bottom at $0.07653. Yesterday’s decline saw the meme coin move near a support point at $0.07600, however bulls rejected a full on collision. Although DOGE is now up by almost 2% from Friday’s low, price might have hit a wall, due to the current position of the relative strength index (RSI). The index is hovering below a ceiling at 63.00, which would need to be broken, if DOGE bulls intend to secure further gains this weekend. At the time of writing this, price strength is tracking at 62.53. Shiba Inu (SHIB) Shiba...

Ethereum moved closer to the $1,900 level on Saturday, as cryptocurrency markets made marginal gains. At the time of analysis, the global market capitalization has risen modestly by 0.32%, mirroring the effects of Friday’s U.S. consumer sentiment report, which fell short of expectations. Contrary to the projected sentiment of 72.6, the actual figure hovered at 71.6. Concurrently, bitcoin witnessed an uptick in its price. Bitcoin Bitcoin ( BTC ) moved above a key support point of $29,200 on Saturday, as cryptocurrency markets continued to consolidate. Following a low of $29,186.47 on Friday, BTC /USD jumped to an intraday peak at $29,521.51 earlier in today’s session. BTC has mostly consolidated this past week, as traders attempted to find a firm floor, after recent selloffs. Today’s consolidation comes as the relative strength index (RSI) appeared to have found its own floor at the 43.00 mark. At the time of writing this, the index is now tracking at 43.95, and appears to be he...

In a recent “fireside chat” with the deputy director of the Web3.0 Policy Office of Japan’s Ministry of Economy, Trade, and Industry, Yuga Labs CEO Daniel Alegre noted: “We’re not even in the first inning” of where Web3 “evolution” is going to go. During the interview with the politician, Alegre described new models of IP (intellectual property) that transcend national borders and break down barriers traditional IP models impose. Bored Apes: A New Paradigm for IP CEO of Yuga Labs Daniel Alegre recently sat down with deputy director of the Web3.0 Policy Office at Japan’s Ministry of Economy, Trade, and Industry to discuss the future of Web3 and product licensing, describing a new model of “community-based IP.” Speaking to Waka Itagaki about the power of the Bored Ape Yacht Club global community at the Webx conference on Tuesday, Alegre described: “Whether it’s a Bored Ape brewing company, that the team introduced me to yesterday, or whether it’s new artists that want to create [g...