cryptobriefing
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Binance obtains crypto license in Indonesia through local subsidiary
Key Takeaways Tokocrypto secures PFAK license from Indonesia’s Bappebti, strengthening its regulatory position. Tokocrypto’s user base grows to 4.5 million…
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Bitcoin funds register $643 million in outflows amid record weekly drawdown
Key Takeaways Digital asset investment products saw $726m in outflows, matching the March 2024 record. US-based products experienced the largest…
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Friend.tech’s FRIEND token tanks to record low as team abandons control of smart contracts
Key Takeaways FRIEND token’s value dropped over 30% in the last 24 hours. Friend.tech transferred smart contract control to a…
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Block Inc. surpasses Coinbase in market cap as crypto stocks see decline
Photo by Block Inc. Key Takeaways Block Inc. has surpassed Coinbase in market capitalization for the first time since March.…
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Tether uses gold to back new synthetic dollar as gold is less volatile than Bitcoin, says Paolo Ardoino
Key Takeaways Tether’s new gold-backed digital asset aims to enhance user confidence with blockchain technology. Tether’s CEO sees the US…
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Thoma Bravo founder says firm permanently exits crypto post-FTX fiasco
Key Takeaways Thoma Bravo has withdrawn from crypto investments after its FTX bet fell flat. The company’s founder maintains a…
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SingularityNET, Fetch.ai, and Ocean Protocol launch FET token on Cardano
Key Takeaways The ASI Alliance has launched the FET token on Cardano to promote a decentralized AI ecosystem. Enhanced tools…
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Stablecoin supply reaches $162 billion amid rising institutional demand and liquidity hunt
Key Takeaways Stablecoin supply grew by 3% in August, reaching $162.1 billion despite crypto market downturn. Tether (USDT) leads the…
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VanEck to liquidate Ethereum futures ETF as its crypto strategy shifts
Key Takeaways VanEck’s EFUT ETF will stop trading on September 16, 2024, and liquidate by September 23. Shareholders to receive…
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Ripple co-founder backs Kamala Harris alongside 87 other executives
Photo by edmund on wallpapers . com Key Takeaways Chris Larsen, Ripple co-founder, signed a letter with 87 corporate leaders…
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