Tokenizing music catalogs: The next frontier for Web3 and the music industry
At the Proof of Talk 2024 conference in Paris, Serio Mottola, the CEO of Music Protocol, advocated for integrating blockchain technology into the already established billion-dollar music industry.
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Shariah Law Opens to Crypto Trading, but Full Adoption Highly Unlikely
Even though in most western countries today, matters related to religion and money have been independent of one another. However, in Islam, especially those following the Shariah code of ethics, the two are intertwined inextricably. Also, in the past, there have been serious efforts to introduce crypto within the world of Shariah-based cooperative finance, such…

Crypto trader weighs in on possible Bitcoin extinction scenarios
Episode 11 of Cointelegraph’s Crypto Trading Secrets podcast features crypto trader Mohit Sorout. 302 Total views 1 Total shares Episode 11 of Cointelegraph’s Crypto Trading Secrets podcast is now live, welcoming crypto trader Mohit Sorout for an interview that took place on July 21. Host Benjamin Pirus asked Sorout several questions, including one regarding Bitcoin’s…

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing
The senator said he had "significant concerns with the non-standardized terms applicable to redemption of particular stablecoins" in separate letters to eight crypto firms. 647 Total views 13 Total shares Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to…

Meta drops 15% on weak outlook and high AI and metaverse spending
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.

No more cheap electricity for Inner Mongolian crypto miners, officials say
The halcyon days of state subsidized electricity are over. Officials from Inner Mongolia are mulling an electrical policy that would prevent cryptocurrency miners from using inexpensive, state-subsidized electricity.Per the Inner Mongolia Electric Power Group Co, the region expects to recover around 6.732 billion yuan ($977 million) in taxes and fees thanks to these new measures.…

REN Price Surges With 10,000 Bitcoin Tokenized on RenBTC
DeFi token Ren surges as tokenized BTC grows in popularity. Wrapped Bitcoin competitor, renBTC, has made massive gains over the past week as the project’s token’s price, and the total amount of Bitcoin tokenized using the protocol surges.Ren is in second place behind Wrapped Bitcoin, or wBTC, which is currently the most popular method of…

Binance Australia offices reportedly searched by local regulator
Binance said it’s cooperating with Australian regulators to meet local regulatory requirements amid reports of office searches. Binance Australia is working with local authorities on meeting compliance requirements amid reports alleging that the company’s offices were searched on July 4."We are cooperating with local authorities and Binance is focused on meeting local regulatory standards in…

Crypto trading firm Auros Global misses DeFi payment due to FTX contagion
Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects. 300 Total views 10 Total shares Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan.Institutional credit underwriter M11 Credit, which manages…