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Sen. Cynthia Lummis, R-Wyo formally introduced a bill to the U.S. Senate on Wednesday seeking to establish a national Bitcoin reserve as political interest for the industry comes into focus. Dubbed the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2024, the bill aims to strengthen "the position of the U.S. dollar in the global financial system," per the text of the bill. The legislation was first announced by Lummis during the annua...

Riot Platforms, a NASDAQ-listed Bitcoin miner, reported a net loss of $84.4 million in its latest quarterly financial report, even as the price of the world’s largest crypto remained relatively stable. Instead, its loss was primarily driven by a 52% year-over-year (YOY) decline in the number of Bitcoin mined between April 1 and June 31, Riot said Wednesday. Riot also reported a non-cash stock-based compensation expense of $32.1 million, along with depreciation and amortization costs amounting to...

To get listed on major exchanges, many crypto projects are over-inflating their valuations at launch, scaring away investors. How do founders get exposure to VC funding withou...

Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, a report said.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 25-31.

Simon's Cat is one of the world's biggest cat meme brands and animation series by social media followers.

Ripple's XRP gained 3.5%, while Solana's SOL rose 2.6%