Author: Digicoinvision

Key points:Bitcoin’s drop has resulted in net outflows from BTC ETFs on Tuesday, but buyers are likely to step in and arrest the decline near $110,530.Ether bulls are trying to flip the $4,094 level into support, indicating a positive sentiment.Bitcoin (BTC) is attempting to bounce off the immediate support near $112,000, but higher levels are likely to attract sellers. BTC’s weakness triggered net outflows of $523.3 million from the US spot BTC exchange-traded funds on Tuesday, per Farside Investors data. That suggests the institutional investors are turning cautious in the near term.Blockchain analytics firm Santiment said in a post on…

Update, Aug. 22, 12:54 pm UTC: This article has been updated to include CoinW exchange’s response to the indictment.Taiwanese prosecutors reportedly indicted 14 people in what they say is the country’s biggest-ever cryptocurrency money laundering case, involving more than 1,500 victims and over $70 million in illicit funds.The Shilin District Prosecutor’s office indicted the 14 on charges related to fraud, money laundering and organized crime, requesting the confiscation of 1.275 billion New Taiwan dollars ($39.8 million), which was allegedly obtained from victims through fraud, according to a Friday report from local media outlet UDN.Prosecutors also requested confiscation of another 640,000…

The US Treasury is exploring whether identity checks should be built directly into decentralized finance (DeFi) smart contracts, a move critics warn could rewrite the very foundations of permissionless finance.Last week, the agency opened a consultation under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), which was signed into law in July. The Act directs the Treasury to evaluate new compliance tools to fight illicit finance in crypto markets.One idea was embedding identity credentials directly into smart contracts. In practice, this would mean a DeFi protocol could automatically verify a user’s government ID, biometric credential, or…

The US Treasury is exploring whether identity checks should be built directly into decentralized finance (DeFi) smart contracts, a move critics warn could rewrite the very foundations of permissionless finance.Last week, the agency opened a consultation under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), which was signed into law in July. The Act directs the Treasury to evaluate new compliance tools to fight illicit finance in crypto markets.One idea was embedding identity credentials directly into smart contracts. In practice, this would mean a DeFi protocol could automatically verify a user’s government ID, biometric credential, or…

The Ethereum community, key developers and researchers and others have always recognized scalability as perhaps the single most important key technical challenge that needs to be solved in order for blockchain applications to reach mass adoption. Blockchain scalability is difficult primarily because a typical blockchain design requires every node in the network to process every transaction, which limits the transaction processing capacity of the entire system to the capacity of a single node. There are two main paths to improving blockchain scalability. The first (“sharding”) involves creating better-designed base-layer blockchain protocols, which still maintain most of the desired decentralization and…

Key Takeaways Ethereum is back near its highs, but gas fees? Still cheap. Does this set the stage for a different kind of bull run? Despite Fed Chair Jerome Powell’s upbeat tone, Bitcoin [BTC] is still stuck chopping below $120k. That signals a market still leaning risk-off. Ethereum [ETH], though, is stealing the spotlight. It is up 7% on the week, only 2% off its all-time high. What’s more, the ETH/BTC ratio ripped straight through the 0.04 resistance that hasn’t been touched since election season. In short, the setup screams capital rotation out of Bitcoin, opening a textbook window for…

Lombard announced the upcoming pre‑launch Community Sale of its native token, BARD, on Buidlpad, a compliant token access platform that connects protocols with verified communities. The sale will distribute BARD to users as part of Lombard’s effort to broaden participation in its bitcoin-focused decentralized finance (DeFi) protocol and allow community members to engage in staking, […]

Thai authorities have arrested a South Korean man accused of helping a call center gang launder cryptocurrencies into gold worth more than $50 million.The Technology Crime Suppression Division (TCSD) said officers apprehended Han, 33, at Bangkok’s Suvarnabhumi Airport on Saturday under a warrant issued in February, according to a report from The Nation. He faces charges of fraud, computer crimes, money laundering, and involvement in a criminal syndicate.The case stems from a large-scale call center scam that began in early 2024. Victims were lured into “investment opportunities” promising 30%–50% returns. Initial payouts created a false sense of security, but as…

The Monero community is exploring a potential overhaul of its proof-of-work (PoW) consensus mechanism to make the network resistant to 51% attacks.Community members suggested several proposals, including localizing mining hardware, switching to a merge mining algorithm,  allowing XMR to be mined alongside Bitcoin (BTC) or other major cryptocurrencies, and adopting Dash’s ChainLocks solution.Dash’s ChainLocks uses “randomly selected masternodes” to reach a quorum on the first valid block broadcast by the network, locking the blockchain ledger into place and appending the chain only with blocks verified through the ChainLock system. This would function on top of the existing PoW Consensus.A proposal…

The Congress of the Philippines is weighing a proposal that could see the country’s central bank establish a strategic reserve of 10,000 Bitcoin, positioning the country among the first in Southeast Asia to adopt Bitcoin as a strategic asset. A House of Representatives bill filed by Camarines Sur Representative Migz Villafuerte in June made headlines on Thursday, as it aims to mandate the Banko Sentral ng Pilipinas (BSP), the country’s central bank, to purchase 2,000 Bitcoin (BTC) annually over a five-year period. The bill, called the “Strategic Bitcoin Reserve Act,” aims to mandate the BSP to buy 10,000 Bitcoin worth $1.1 billion…