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  • Russia expands crypto mining ban to Moscow through 2032
    by Helen Partz on August 1, 2026 at 10:23 am

    Russia has added Moscow, the Moscow Region and parts of Kursk Region to its cryptocurrency mining ban list, citing power supply concerns behind the restrictions.Russia has expanded its cryptocurrency mining restrictions to Moscow, with the ban set to take effect on Aug. 15, 2026, and remain in place through Dec. 31, 2032.Russia’s Resolution No. 936, signed by Prime Minister Mikhail Mishustin on July 25, 2026, amends an earlier mining restriction order issued in December 2024, according to records published on Pravo.ru.The updated rules add Moscow, the Moscow Region and several territories in Russia’s Kursk Region to the list of restricted areas. The measure expands existing restrictions on cryptocurrency mining in areas facing electricity supply concerns. The ban also covers eight municipal districts and the city of Lgov in Kursk Region.Read more

  • Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysis
    by Helen Partz on August 1, 2026 at 9:23 am

    Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.Galaxy Research, the research arm of crypto investment company Galaxy Digital, identified 1,196 addresses linked to the Coldcard wallet incident that lost 1,082.65 Bitcoin, worth about $70.2 million at the time of the transactions.Galaxy Research traced the Bitcoin movements between 1:10 AM and 1:51 AM UTC on July 30 across blocks 960,183 to 960,191, about 30 hours before Coldcard published its first security advisory, according to an X post on Friday.Earlier preliminary analysis of the Coldcard incident by AnchorWatch CEO and co-founder Rob Hamilton estimated that 594.48 Bitcoin, worth around $38 million, moved across 500 transactions within a three-block window.Read more

  • Bitcoin ETFs end July in the green despite late-month selling
    by Helen Partz on August 1, 2026 at 7:23 am

    Spot Bitcoin ETFs attracted $172.4 million in July inflows but remained $5.3 billion negative year to date after heavy withdrawals in May and June.US-listed spot Bitcoin exchange-traded funds (ETFs) finished July in the green despite a late-month wave of selling and BTC price volatility.Bitcoin ETFs attracted a modest $172.4 million in net inflows in July, reversing two consecutive months of outflows, according to SoSoValue data.The monthly inflows came despite a volatile end to July, as the funds logged a $265.4 million net outflow on Friday, marking their largest daily withdrawal since July 13.Read more

  • Bank of Italy finds no consistent cost advantage for stablecoin remittances
    by Nate Kostar on July 31, 2026 at 8:10 pm

    Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin remittance costs and settlement times.A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays.Researchers tested 200 USDC (USDC) remittances across 10 bidirectional payment corridors linking Italy with Brazil, Argentina, Japan, the United Arab Emirates and South Africa, comparing end-to-end costs and settlement times with traditional remittance services. They found that exchange fees and currency conversion made up most of the cost, while blockchain transaction fees represented only a small share.Geographic design of the remittance experiment. Source: Bank of ItalyRead more

  • Pump.fun laid off workers before they received millions in PUMP tokens: Report
    by Turner Wright on July 31, 2026 at 7:16 pm

    Pump.fun co-founder Noah Tweedale reportedly attributed the layoffs to the company growing too quickly. Solana-based memecoin launchpad Pump.fun reportedly fired employees two months before they were due to receive PUMP tokens worth millions of dollars.According to a Friday Sandmark report, at least one Pump.fun worker was due to receive PUMP tokens worth in the seven-figure range. The news outlet reported that Pump.fun co-founder Noah Tweedale said the company “grew too quickly,” resulting in layoffs of an undisclosed number of employees. The employees were reportedly fired in April, just two months before they were due to start receiving the company’s tokens based on agreements signed in 2025. The agreements, according to documents viewed by Sandmark, said that Pump.fun would unlock a quarter of the employees’ allocated tokens in one year, scheduled for June 2026.Read more