The latest cryptocurrency news is the main thing on July 5
Date: 2023-07-06 Author: Karina Ziganova Categories: BLOCKCHAIN
Searches in the office of Binance, bitcoin overtook the Nasdaq and S&P 500 in terms of payback, hackers continue to launder money through Tornado Cash - the main results of the day in the BeInCrypto digest
Today, the bearish sentiment reigns in the cryptocurrency market again. Most cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), declined in price at the end of the day.
What's wrong with bitcoin today?
Bitcoin has risen by more than 80% in the first half of 2023, overtaking the Nasdaq and S&P 500 indices. The price of bitcoin in the BTC/USD pair reached $30,381 in July. In terms of payback, bitcoin overtook the Nasdaq and S&P 500 indices by more than 33%. The rate of ether (ETH) also overtook the Nasdaq and S&P 500 indices, but did not reach the level of bitcoin.
Enthusiasts have introduced a new standard in the Bitcoin blockchain to reduce fees for issuing non-fungible tokens (NFTs). A platform for launching NFT tokens based on the Bitcoin network called Luminex has introduced a new standard that reduces fees by 90%. The new BRC-69 standard requires only one line of text to issue an NFT, without inserting an image into the Bitcoin blockchain. The text is automatically converted to an image with a unique serial number of the Satoshi standard (ordinal).
What's on the market today
The office of the Binance crypto exchange in Australia was searched due to an ASIC investigation. The regulator wants to know about the derivative services provided by Binance Australia. An ASIC spokesman did not confirm or deny the searches, but acknowledged the investigation against the exchange. In April, ASIC revoked Binance Australia's derivatives license due to additional risks to consumers.
Sanctions against the Tornado Cash mixer did not prevent cybercriminals from laundering cryptocurrency through it. As of the end of June, more than 165,000 ETH (approximately $285 million) have been deposited into Tornado Cash, and more than 142,340 ETH (approximately $246 million) have been withdrawn. Tornado Cash maintains a large lead in terms of the volume of laundered cryptocurrency among other mixers. Activity around Tornado Cash fell, but sanctions did not "bury" the mixer.
The UK has convened a meeting of the UN Security Council on the risks associated with the development of AI. The meeting is scheduled for July 18. Within its framework, the testimony of international experts and the UN Secretary-General will be heard. The UK wants to make sure that member states are aware of the possibilities and risks of AI, as the technology carries serious risks associated with the management of nuclear or autonomous weapons.
