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Helius may launch Solana’s Mainnet v1.18 version on May 27
24.4.2024
The Chief Executive Officer of Helius, Mert Mumtaz, has announced plans to launch the next mainnet version of Solana. It has been titled v1.18 and is all set to launch on May 27, 2024. The date is said to be tentative, contingent on how things work out until the very end. The goal of launching...
Binance launches spot copy trading to enhance user trading experience
24.4.2024
In recent news on the Block, Binance plans to launch a spot copy trading feature that will enable users to mimic and carry out the same transactions as successful traders. Rohit Wad, the CTO of Binance, mentioned that this tool was developed in response to feedback from the community and...
Nigeria’s central bank forced to deny claims of crypto account freeze
24.4.2024
The CBN, through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited
South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers
24.4.2024
South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading...
HBAR Token Price Soars 96% After Misinterpreted Blackrock Announcement
24.4.2024
A misinterpreted announcement by the HBAR Foundation suggested that Blackrock’s ICS US Treasury Fund was tokenized on the Hedera blockchain in partnership with Archax and Ownera, leading to a significant misunderstanding and a 96% increase in the HBAR token price within 24 hours. However...
How is blockchain revolutionizing sports investment?
24.4.2024
Cryptocurrencies and other applications rely on blockchain technology, a digital ledger system, which provides the basis for trustless, transparent, and anonymous transactions without a third party involved. Those are some of the key features of blockchain technology (security, transparency,...
Noones CEO Ray Youssef Blasts Bitcoin Fees: ‘We Have Failed the Global South’
24.4.2024
Ray Youssef, the former Paxful CEO, has commented on the negative impact of high transaction fees on bitcoin adoption in emerging markets. Youssef stated on social media that the recent developments in the bitcoin fee market have pushed users to alternatives such as USDT on the Tron blockchain over...
Philippines Securities Regulator Requests Apple and Google to Remove Binance Apps
24.4.2024
The Securities and Exchange Commission (SEC) of the Philippines has requested that tech giants Apple and Google remove Binance apps from their respective app stores. The SEC chairman stated that the blockade on Binance, coupled with the removal of its app, curbs the further spread of its unlawful...
Cosmos Developers Patch Critical Flaw in IBC Protocol, Safeguarding $126 Million in Assets
24.4.2024
Cosmos developers have successfully rectified a critical security vulnerability in its Inter-Blockchain Communication (IBC) protocol, which had placed assets worth at least $126 million in jeopardy, following a private notification from Asymmetric Research. This flaw, existing in the protocol since...
Bitcoiners Seek Constitutional Reform to Allow Swiss National Bank to Purchase Bitcoin
24.4.2024
Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, is launching a popular initiative to amend the country’s constitution to allow its central bank to purchase and hold bitcoin. The initiative is also supported by Bitcoin Suisse President Luzius Meisser, who believes...
Ripple Asks Court to Reject SEC’s $2 Billion Penalty Request in XRP Case
24.4.2024
Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their...
Jack Dorsey’s Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig
23.4.2024
On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from...
SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’
23.4.2024
Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading...
PayPal Proposes Incentive Program for Bitcoin Miners Utilizing Low-Carbon Energy
23.4.2024
On April 22, PayPal announced a new initiative to support Bitcoin mining that uses less energy. The multinational payment company intends to use Bitcoin to compensate cryptocurrency miners that use renewable energy.
The post PayPal Proposes Incentive Program for Bitcoin Miners Utilizing Low-Carbon...
Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions
23.4.2024
PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate...
Controversy Swirls Around Bitcoin’s BIP-420: Push Behind Opcode ‘Isn’t in Good Faith,’ Says Developer
23.4.2024
On Monday evening, Taproot Wizards co-founder Udi Wertheimer unveiled a Bitcoin Improvement Proposal (BIP) that reintroduces the OP_CAT opcode to Bitcoin. This opcode could facilitate more streamlined and efficient decentralized file hosting systems, payment channels, and sophisticated Bitcoin...
Fidelity Digital Assets ‘Signals’ Report Revises Bitcoin Outlook to ‘Neutral’
23.4.2024
The latest quarterly report from Fidelity Digital Assets (FDA) Research reveals key insights into the bitcoin and ethereum markets as of Q1 2024. With a detailed analysis of market conditions and future outlooks, FDA’s research report provides several predictions for short and long-term...
Crypto market will continue to surge, says Glassnode Co-founders
23.4.2024
If the ongoing trends in the crypto market are anything to go by, it is right to assume that Bitcoin is narrating the tale of survivors—those who held onto BTC in their portfolios at a time when the market was struggling to get past $20,000. As a result, the token has now risen above $65,000. ...
Ethereum sets the stage for $3,400 with a reversal trend in sight
23.4.2024
Ethereum was previously poised to surpass the milestone of $4,000. However, that was when the market was coming fresh from the Spot Bitcoin ETF announcements. Sentiments have transitioned since then, and the market is volatile. Not that volatility ever left the space, but it did show signs...
Bitcoin’s ‘DeFi Summer’ surge mimics Ethereum’s 2020 boom
23.4.2024
In a seismic development within the cryptocurrency sphere, Bitcoin is currently basking in what analysts describe as a “DeFi summer” moment, akin to the surge witnessed by Ethereum in 2020. Analysts at Bernstein have highlighted this phenomenon, attributing it to the launch of a...