The Bahamas, where bankrupt cryptocurrency exchange FTX was headquartered, has seen a new crypto law passed in parliament, The Securities Commission of The Bahamas announced on Tuesday. Source: https://www.coindesk.com/policy/2024/07/31/the-bahamas-dares-again-15-years-after-ftx-collapse-brings-in-new-crypto-law/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cryptocurrency insurance underwriter Evertas, a Lloyd’s coverholder, has teamed up with smart contract-based insurance marketplace Nayms to offer the on-chain policies. Source: https://www.coindesk.com/business/2024/07/31/lloyds-of-london-backed-insurance-policies-can-now-be-paid-for-in-crypto-on-ethereum/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A reentrancy attack earlier Wednesday briefly halted the network. It restarted after an “emergency” chain upgrade. Source: https://www.coindesk.com/tech/2024/07/31/terra-blockchain-restarts-after-4m-exploit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said. Source: https://www.coindesk.com/markets/2024/07/31/bitcoin-keeps-weekly-loss-as-anti-risk-yen-strengthens-after-boj-rate-hike/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

XRP trading activity is heightening in South Korea, where traders tend to push euphoric rallies on tokens. Source: https://www.coindesk.com/markets/2024/07/31/xrp-surges-7-amid-ripple-sec-settlement-hopes-600m-token-unlock/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin has exhibited a strong positive correlation with NVDA since late 2022. Source: https://www.coindesk.com/markets/2024/07/31/nvidia-becoming-more-volatile-than-bitcoin-and-ether/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The service, developed by Oxhead Alpha, will let users transfer vehicle titles in minutes without going to an office versus the two weeks in the traditional system. Source: https://www.coindesk.com/business/2024/07/30/california-dmv-puts-42m-car-titles-on-the-avalanche-network-in-digitization-push/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/policy/2024/07/30/us-strategic-bitcoin-reserve-to-be-funded-partly-by-revaluing-feds-gold-draft-bill-shows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/news-analysis/2024/07/30/coinbase-earnings-to-be-hurt-by-low-volume-but-trump-could-be-wild-card-analysts-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Proposed legislation regarding a strategic reserve of bitcoin for the U.S. government poses far more questions than answers at the moment. Source: https://www.coindesk.com/opinion/2024/07/30/the-us-government-may-begin-hoarding-bitcoin-but-how-and-why/?utm_medium=referral&utm_source=rss&utm_campaign=headlines