Crypto-news

Dubai Customs has announced the launch of a new blockchain platform aimed at smoothing out supply chain friction within Dubai and across its borders. The blockchain solution was launched as part of a broader strategy to cement Dubai’s position as a leading “smart” city, Dubai Media Office said in a July 8 statement. “This innovation reflects our…

Oladotun Wilfred Akangbe, the chief marketing officer of Flincap — a platform for African over-the-counter crypto exchanges — has highlighted the cryptocurrency industry’s remarkable growth and maturity, focusing mainly on Solana’s resilience and community efforts in Africa. Akangbe told Cointelegraph that the crypto industry is steadily maturing, demonstrating its ability to withstand various challenges that…

Germany shifts another 1,400 BTC The German government has transferred another 1,400 Bitcoin — worth $80 million at current prices — in its latest string of Bitcoin movements. On July 6, a wallet address associated with the German government transferred 700 BTC to an unknown wallet address. A day later, on July 7, the same address…

Coinciding with the decline in Bitcoin prices, the global network of active Bitcoin ATMs decreased by 334 machines in less than 40 days. In June, 107 Bitcoin ATMs went offline, ending the 10-month trajectory of month-on-month increases in net installation. The reduction was further catalyzed in July. Within five days, as of July 5, 227 crypto…

Tron founder Justin Sun has revealed his team is building a gasless stablecoin solution to make peer-to-peer transfers free for all. Sun hopes to integrate the stablecoin solution on the Tron blockchain this fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible public chains soon after. “Transfers can be made without paying any gas tokens, with…

Most of the Bitcoin being repaid by defunct exchange Mt. Gox will likely be sold, threatening to cause more downside pressure on the price of Bitcoin. The Mt. Gox repayments could add $8.2 billion worth of additional selling pressure to the Bitcoin price, according to finance analyst Jacob King. The analyst said that onchain movements already…