AI may lead to inflationary pressures: Bank of Canada

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

The Ethereum-based synthetic asset issuance platform Synthetix has lost over 37 million synthetic ETH (sETH) in an oracle attack, according to a report by The Block on June 24.While the amount of sETH in question is known to be over 37 million, the price of this loss in U.S. dollars is reportedly unknown due to…

Top Stories This WeekCEO of Defunct Mt. Gox Exchanges Faces Ten Year Jail Sentence Over EmbezzlementMark Karpeles, the former CEO of now-defunct Japanese Bitcoin exchange Mt. Gox, could be facing a ten-year jail sentence over charges of embezzlement. Karpeles, who headed the exchange during the major hack in 2014 that resulted in the loss of…

The pause affects multiple markets, including Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche. In addition, certain assets on Polygon, Arbitrum, and Optimism have been frozen.

Ethereum-based virtual-reality (VR) platform Somnium Space has moved from scalability solution Loom Network to Matic to enhance scaling.On March 23, Somnium Space said that it hopes the transition will allow it to achieve scalability and provide a superior user experience. The firm explained:“By implementing Matic’s high-performance Plasma-based sidechains, Somnium aims to solve any future issues…

French international soccer striker Kylian Mbappé filed a complaint on March 31 for the unauthorized use of his name on a cryptocurrency scam network, which is being investigated by local authorities.According to the newspaper L’Équipe, the soccer player, who plays for Paris Saint-Germain, is being impersonated to use his name in advertising campaigns for the…

The survey took place in the EU's major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands. 283 Total views 27 Total shares On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together,…

Bitcoin (BTC) is attempting to stage a relief rally but analysts at JPMorgan Chase believe that the short-term setup looks challenging. However, the analysts also pointed out that the crypto markets had started a healing process.A sign of this 'healing process' was seen when the crypto markets did not react negatively to the news that…

Twitter CEO Jack Dorsey’s payments service Square generated over $70 million in Bitcoin revenues in the first half of 2018, the company revealed in a quarterly report to the U.S. Securities and Exchange Commission (SEC) August 1. Square, which began offering users the option to buy, sell, and store Bitcoin in its wallet late last…