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Jupiter Airdrop Farmer Makes $1.1 Million Using Nearly 10,000 Wallets After Token Launch
1.2.2024
An airdrop farmer has made over $1 million in Jupiter tokens after creating nearly 10,000 Solana wallet addresses, according to a February 1 X post. Blockchain tracking firm Lookonchain revealed that the airdrop farmer had received 1.85 million Jupiter tokens through 9,246 wallets. Airdrop Farmer...
Polygon Labs Lays Off 19% of Staff Following Restructuring, Increases Workers’ Pay by 15%
1.2.2024
Polygon blockchain developer Polygon Labs has cut 19% off its workforce, according to a blog post published by CEO Marc Boiron on Thursday. Polygon Labs Lays Off 60 Employees Boiron called the decision “difficult, but necessary” to ensure the team’s “extreme focus, diligence, efficiency...
Crypto Lawyer Reveals Fed’s Involvement in ‘Operation Chokepoint’ on Digital Assets
1.2.2024
Image Source: Jimmy Aki, Midjourney On January 31, popular crypto lawyer James Murphy exposed subtle anti-crypto moves by the US Federal Reserve against crypto custody firm Custodia Bank. ‘Master Account’ Approval Takes Forever In a post on X (formerly Twitter), James “MetaLawMan” Murphy revealed...
Jupiter’s JUP Token Makes a Grand Entry With $700M Airdrop on Solana Blockchain
1.2.2024
Jupiter successfully launched its JUP token. The airdrop, one of the largest in crypto history, distributed an astounding $700 million worth of JUP tokens to almost a million wallet holders. Jupiter’s JUP Token Airdrop Distributes to Nearly a Million Users The cryptocurrency world witnessed...
U.S. Regulatory Approach Pushing Crypto Overseas, New 21Shares Report Says
1.2.2024
The push by U.S. lawmakers for stringent regulations in the crypto industry is driving business overseas, a 2024 market outlook report released on January 28 from ETP provider 21Shares revealed. The U.S. Desperately Needs Regulatory Clarity 21Shares’ State of Crypto report claims regularity...
Crypto Influencer BitBoy Ends YouTube Show Amid Ongoing Legal Battles
1.2.2024
Source: Midjourney Renowned crypto influencer BitBoy, real name Ben Armstrong, has announced the end of his daily crypto show on January 31. Cash Crunch and Legal Battles Prompt Closure In a surprising turn of events, BitBoy bid farewell to his three-year daily crypto show. Revealed on his YouTube...
Derivatives Trading Protocol Aevo To Launch Native Token – Airdrop Confirmed
1.2.2024
Derivatives trading protocol Aevo has announced that it is set to launch its native Aevo token. In an announcement published on January 31st, the project revealed that it plans to distribute a portion of the supply to early adopters through an Aevo token airdrop. Today, we are pleased to announce...
Digital Asset Exchange Bybit Applies For Hong Kong VATP License
1.2.2024
Digital asset exchange Bybit has applied for a Virtual Asset Trading Operator (VATP) license in Hong Kong. The exchange filed the application to Hong Kong’s Securities and Exchange Commission (SFC) through Spark Fintech Limited according to the regulator’s website. The SFC official website shows...
Could Scotty The AI (SCOTTY) Become The Mascot For The Crypto Market? See Why SCOTTY Matters
1.2.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Here’s a project that you should check out as soon as possible: Scotty the AI (SCOTTY), an innovative fusion of AI and blockchain technology that offers a multitude of valuable features...
Binance Launches Inscription Marketplace for BRC-20 Tokens
1.2.2024
Digital asset exchange, Binance has launched its inscription marketplace that will allow users to trade and inscribe BRC-20 tokens and other related assets. According to a Feb 1 announcement, Binance noted that the marketplace will be a one-stop solution for inscription-based tokens with...
US Gets Serious About Tracking Crypto Mining Electricity Usage
1.2.2024
A US government agency responsible for managing energy-related data is going after crypto-mining companies over their power consumption. The Energy Information Administration (EIA) said on Wednesday that it will collect electricity consumption data from identified US-based crypto mining companies...
What Crypto Can Learn From the Internet’s Playbook
1.2.2024
The connection between crypto and the internet is rooted deep in the digital DNA that defines our modern era. A recent Architect Partners report delves into how the internet’s journey can offer valuable lessons for the development of crypto. It explores the maturation of emerging tech...
UK Police Seized $1.77 Billion in Bitcoin from Chinese Investment Fraud + More Crypto News
1.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s crypto news selection: UK Police Seized £1.4BN of Bitcoin from Chinese Investment Fraud Industry Leaders Band Together to Launch the Digital Assets...
Protocol Village: Prediction Market Zeitgeist Launches DLMSR-Based AMM
1.2.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 1-7
Families of Hamas-Attack Victims Sue Binance Over Alleged Role in Terror Financing
1.2.2024
Families of victims of the Oct 7 Hamas attack on Israel have filed a lawsuit against cryptocurrency exchange Binance over its alleged role in facilitating the transfer of funds utilized by terrorist groups. Court Filings Submitted Against Binance, Iran, and Syria A Jan 31 court filing shows...
Kadena’s hashrate reaches ATH despite a fall in Bitcoin
1.2.2024
Kadena has announced that it has achieved an important milestone as hashrate touches an ATH of 666.88 PH/s, that is, Petahashes per second. This has been termed incredible considering there is a decline in Bitcoin. It is also incredible since the lowest it has ever been was 63.19 PH/s. The...
Fintech Provider Portal Raises $34 Million in Seed Funding
1.2.2024
Portal, the provider of a decentralized Bitcoin ecosystem, announced on Jan. 30 that it has raised $34 million via a seed funding round. Portal said the raised capital is set to fund the development of a decentralized exchange platform and a wallet. Layer 2 Atomic Swap Technology Portal, a fintech...
Doom’s Unconventional Journey: Now on Bitcoin, Dogecoin, and Gut Bacteria
1.2.2024
The iconic first-person shooter game Doom has surpassed traditional platforms and made it onto blockchain networks like Bitcoin and Dogecoin. Using protocols like Ordinals, enthusiasts have inscribed simplified versions of Doom on the Bitcoin (BTC) network. Ordinals refer to a relatively recent...
IBC introduces IBC Channel Upgradability with the ibc-go v8.1
1.2.2024
IBC recently introduced its latest update, ibc-go v8.1. The update has brought IBC Channel Upgradability to the platform. With ibc-go v8.1, IBC can upgrade existing channels for new apps and features like fee middleware. It also allows the network to use interchain accounts alongside unordered...
USDC to Go Native on Celo Blockchain, Eyeing Role as Gas Currency
1.2.2024
The Celo Foundation has partnered with Circle to bring USDC, a leading stablecoin, into its network. This integration not only diversifies Celo’s stablecoin offerings but also positions USDC to become an official gas currency on the blockchain. Celo Embraces USDC for Enhanced Digital Currency...