#bitcoin

Since early July, the German government has liquidated half of its Bitcoin holdings, amounting to about $1.5 billion. This massive sell-off introduced significant downward pressure on the cryptocurrency market.

Developer Antoine Poinsot and five colleagues have released a letter detailing a new policy for notifying users about vulnerabilities and bugs in Bitcoin Core's code, which is crucial for network node operators.

In the second quarter of 2024, crypto projects lost $572 million to fraud and hacks, more than doubling the $265 million in the same period last year. The two biggest victims were centralized exchanges: Japan’s DMM Bitcoin ($305 million) and Turkey’s BtcTurk ($55 million).

Bloomberg reports that Standard Chartered, a multinational financial corporation, is developing its own platform for trading Bitcoin (BTC) and Ethereum (ETH). This new division will operate as part of the bank's global banking sector, with its management hub based in London.

Jay Jacobs, BlackRock's Head of Thematic and Active ETFs, explained the primary allure of ETH compared to BTC while presenting the company's spot Ethereum ETF to investors. He emphasized that Bitcoin's main attraction is its scarcity, whereas Ethereum's appeal lies in its versatility.

Cryptocurrency exchange Gemini has become a sponsor of the English football club Real Bedford, owned by Peter McCormack, host of the popular podcast What Bitcoin Did. The sponsorship deal was paid in Bitcoin, which will be used for club development and the launch of a youth academy.

Donald Trump's committee returned part of the donations from the Winklevoss brothers, which exceeded the legally established limit of $844,600 per person. Each brother donated $1 million in Bitcoin. It is unclear whether the committee returned BTC or an equivalent dollar amount.