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Lightspark CEO David Marcus Profiles Bitcoin as Global Payment Network
13.9.2023
David Marcus, CEO of Lightspark and co-creator of Diem, Meta’s failed cryptocurrency project, explained his intentions of turning Bitcoin into a global payments network. Marcus explained that there was no universal protocol for sending value over the internet and that we were still in...
21co Unwraps New Suite of Wrapped Cryptocurrencies
12.9.2023
21.co, the parent company of crypto exchange-traded products provider 21shares, has introduced a suite of wrapped tokens pegged to top crypto assets across multiple blockchains. The wrapped tokens are designed to increase liquidity and interoperability between different crypto networks. 21co...
Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners
12.9.2023
At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining machines, the A1466I, boasts an energy efficiency of fewer than...
Suspected $28 Million Coinex Hot Wallet Hack Emerges
12.9.2023
Numerous reports have surfaced, pointing to a potential security breach in Coinex’s hot wallets, suggesting a hacker’s involvement. Peckshield, a blockchain security and data analytics firm, observed a concerning pattern – an unusual outflow of substantial assets originating...
IMF Publications’ Report Highlights Growing Risks of Generative AI in Financial Sector
12.9.2023
As artificial intelligence (AI) continues its expansion into the finance sector, a new report published on the International Monetary Fund (IMF) Publications web portal cautions about risks associated with the latest AI capabilities in the financial world. The Rise of Thinking Machines: Report...
Biggest Movers: BCH 6% Higher, as Price Nears $200 Level
12.9.2023
Bitcoin cash was one of Tuesday’s biggest movers, as bullish sentiment returned to markets, following recent declines. After huge losses on Monday, bulls have seemingly moved to buy the dip in price, pushing the global market cap 1.55% higher as of writing. Solana also surged...
Vitalik Buterin Confirms His X Account Was Hacked by SIM Swap
12.9.2023
Ethereum founder Vitalik Buterin took to social media to share details about the hacking of his profile on X, formerly Twitter. The influential crypto figure confirmed suspicions that the account was targeted in a SIM swap attack allowing perpetrators to promote a crypto scam enticing victims with...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 3-Month Low, as Bulls ‘Buy the Dip’
12.9.2023
Bitcoin dropped below the $25,000 mark late on Monday, as bearish sentiment intensified to start the week. The cryptocurrency has since rebounded, and as of writing is hovering marginally above the $26,000 level. Ethereum also declined, hitting its lowest level since March. Bitcoin Bitcoin fell...
Former FTX CEO Sam Bankman-Fried Allegedly Being ‘Extorted and Physically Harmed’ in Jail
12.9.2023
Jeremy Lorenzo, aka “Poops,” has given more insights on the difficulties that former FTX CEO Sam Bankman-Fried is allegedly facing during his stay at Brooklyn Metropolitan Detention Center (MDC). Lorenzo shared that Bankman-Fried had computer code confiscated and that he might have been...
Wirex and Polygon CDK Join Forces to Revolutionize Digital Payments With W-Pay
12.9.2023
PRESS RELEASE. Wirex, a major player in crypto payments with over 6 million users, has chosen to partner with Polygon CDK (Chain Development Kit) to create a new App Chain focused on payments, named W-Pay. This move marks a significant development in the world of cryptocurrency payments....
Report: More Than 50 Virtual Currency Platform Operators Want to Join the Taiwan Market
12.9.2023
About 52 virtual currency operators have shown interest in joining Taiwan’s financial market, the Financial Supervisory Commission has said. The commission also said that it is planning to announce the region’s first virtual asset management guiding principles sometime in September....
Examining the Concept of Flatcoins: Crypto Tools to Battle Inflation
12.9.2023
With the issue of inflation rising as a real problem for global economies last year, there has been a renewed need for people to seek a way of preserving their purchasing power. Flatcoins, stable currencies that change their value according to the inflation in a determined jurisdiction, have surged...
Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos
12.9.2023
The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. From Ethereum to Aptos Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain....
Coinbase Cloud and Kiln ‘Unlock’ Native Ethereum Staking: No More 32 ETH Minimum
12.9.2023
Coinbase Cloud and blockchain infrastructure company Kiln are now allowing ethereum (ETH) users to stake any amount of ether natively. The new offering removes the previous 32 ETH minimum staking requirement. Staking for All: Coinbase Cloud and Kiln Break Down Minimum Barriers With the integration...
India to Finalize Crypto Stance in Coming Months, Economic Affairs Secretary Says
12.9.2023
India’s economic affairs secretary says the Indian government will decide on the country’s crypto position “in the coming months.” He explained that the government will consider all the recommendations presented at the G20 summit regarding crypto regulation “very carefully...
Coinbase CEO Discusses US Crypto Regulation — Sees More Institutional Investors Coming In
12.9.2023
Coinbase CEO Brian Armstrong has explained that crypto regulation in the U.S. will happen in one of a few ways. He noted that Coinbase is seeing more institutional investors coming in and signing up as they seek “a flight to quality.” The executive added: “There’s a possibility...
Study: Weekly Digital Asset Investment Outflows Hit $59M; BTC Sees Largest Drop
12.9.2023
In the first week of September, an outflow of $59 million worth of digital assets managed by Digital Asset Funds was recorded, the latest Coinshares data has shown. The latest outflow means the value of digital asset investment products under management has dropped by a total of $294 million...
FTX Estate Controls $1.1B in Solana and $560M in Bitcoin Amid Bankruptcy Revelations
11.9.2023
The FTX estate, currently overseeing the bankruptcy and restructuring of the once-active crypto exchange, reveals holdings of $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC). 16% of Solana’s Market Cap Is Held by FTX In a recent Monday court filing, a stakeholder update...
Bitcoin Dips Below $25K in a Tumultuous Crypto Market, While Traditional Equities Soar on Tesla’s Rise
11.9.2023
Bitcoin’s (BTC) value dipped under the $25K mark on Monday, a level unseen in 88 days, pushing the global cryptocurrency market cap perilously close to falling below the $1 trillion benchmark. Presently, BTC is hovering just above the $25K mark at 2:00 p.m. Eastern Time on Monday afternoon....
Dormant Bitcoin Awakenings: $958 Million in ‘Sleeping Coins’ Stir in 2023
11.9.2023
In 2023, a notable wave of dormant ‘sleeping bitcoin’ transactions resurfaced, totaling a staggering 37,330 BTC valued at $958 million based on current BTC exchange rates. Throughout the year, analysis revealed that these inactive bitcoin wallets from 2010 and 2011 are becoming...