Financial technology company Digital Asset has announced it will be launching a privacy-enabled interoperable blockchain network designed for institutional assets to provide a decentralized infrastructure, it announced Tuesday.Source
The move worked out in the end as the entity is sitting on a fat profit of several hundred thousand.Source
FTX founder Sam Bankman-Fried filed pretrial motions to dismiss a majority of the charges he faces on various grounds late Monday.Source
The company said the product’s finalized payoff depends on the joint performance of both BTC and its gold-backed token XAUT.Source
ALSO: A crypto market analyst calls bitcoin’s travails of the past two days “growing pains,” and says the largest crypto by market cap “will be fine in the long run.”Source
The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America.Source
Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC.Source
Speculative mania in meme coins has historically presaged bearish reversals in bitcoin.Source
Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits.Source
Deribit’s forward-looking ether volatility index (ETH DVOL) hit lifetime lows over the weekend. Expectations for price turbulence appear underpriced considering the lingering macroeconomic uncertainties.Source