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The Boring Company, an Elon Musk-founded infrastructure and tunnel construction company, has embraced Dogecoin (DOGE) payments. CNN reported on July 6, noting that the firm integrated the meme coin payment option into Loop, its Las Vegas transit system. This integration symbolizes Musk’s latest support for the canine-themed meme coin. The DOGE payment option became available after the company launched a new Loop station at Resorts World. This is the first station outside the Las Vegas Convention Center, which already has…

FTX CEO Sam Bankman-Fried (SBF) predicted on Monday that the worst has likely passed from the crypto industry’s latest financial meltdown. Should things get worse, SBF assured the community he still has “a few billion” dollars to support struggling firms. Speaking with Reuters, the FTX CEO said that there are still companies reaching out to his exchange asking for financial support. However, none save a few small exchanges are facing life or death scenarios. SBF’s firms have already dedicated hundreds…

The Bitcoin Policy Institute (BPI) has submitted a report to the US Department of Commerce highlighting how Bitcoin can serve US interests. It explores the unique attributes of Bitcoin and its potential to support matters like financial inclusion, energy, and national security Why Bitcoin is Special The BPI is a think tank dedicated to better understanding the policy implications of Bitcoin and other emerging monetary networks. Its cohort of economists, coders, and scientists look to advance the pro-Bitcoin narrative among…

Panelists conclude Digital Dollars would add very little to the US economy.   Following a recent conference held by the United States Federal Reserve, it appears that the country’s key economists might not be too keen on CBDC development yet. The Fed Comes Together to Discuss the USD The Federal Reserve Board and the Federal Reserve Bank of New York hosted the event together. The conference mainly centered around the International Roles of the U.S. Dollar and featured top Reserve…

Luxembourg-based crypto exchange Bitstamp has modified its operational strategy to boost trading volumes. The company announced plans to introduce an inactivity fee starting August 1. Specifically, the exchange intends to charge select inactive accounts €10 ($10.27) per month. According to the announcement, the inactivity fee will not apply to all accounts. Bitstamp specified that it targets users that have not deposited, withdrawn, or staked assets for more than a year. Moreover, the exchange said this change would only affect inactive…

Crypto lending firm Voyager Digital has filed for bankruptcy days after suspending operations. Voyager announced yesterday, noting that it voluntarily started the Chapter 11 process to maximize value for stakeholders. According to the announcement, the firm and its subsidiaries filed reorganization petitions with the US Bankruptcy Court of the Southern District of New York. Through this filing, Voyager seeks recognition of the bankruptcy case in the Ontario Superior Court of Justice pursuant to the Companies' Creditors Arrangement Act. The company…

Grayscale CEO Michael Sonnhenshein spoke to Fox Business on Wednesday about his fund’s rejected Bitcoin ETF application. Though he believes that Grayscale is receiving unfair treatment, he denies regulators having a larger agenda to suppress Bitcoin. During the interview, host Charles Payne asked if Sonnhenshein thought there were “underlying reasons” for its hesitancy to approve an ETF. In a similar vein, he asked whether the CEO viewed Bitcoin as a “threat” to the establishment. To the contrary, Sonnhenshein believes that…

Jordan Belfort – the former stockbroker who inspired the film The Wolf of Wall Street – is still bullish on Bitcoin. The trader-turned-novelist argued that investors are nearly guaranteed to make money if they hold Bitcoin for over three years. HODL, says Belfort In a conversation with Yahoo Finance on “The Crypto Mile,” Belfort warned Bitcoin investors against taking a "12-month or 24-month horizon". Rather, he maintained that Bitcoin is best viewed as a long-term inflation hedge, and valuable for…

Turkish residents are turning to cryptocurrency and gold as the nation remains in the grip of rapidly rising inflation rates. Inflation Rates Soar Over the years prices in Turkey have shot up gradually. However, June marked the highest increase the nation has seen in nearly a quarter-century. At the moment, Turkey’s statistics institute places the annual inflation rate at 78.62%. The agency recorded a 4.95% increase from May’s 73.5% inflation rate. Various factors have contributed to the skyrocketing prices. These…