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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...
Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC
23.4.2024
The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since...
DOT is expected to rise 79% to $15 in the coming weeks
23.4.2024
Just two days before the halving, the altcoin market was shaken up, and investors and traders worried about how the market would handle the anticipated halving. It has been five days since the halving, and some altcoins have hit home. One of them is Polkadot (DOT), which rightfully shot up by...
Paypal Promotes Low-Carbon Bitcoin Mining With New Research Paper
23.4.2024
Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize low-carbon energy sources by offering financial incentives. Paypal...
All eyes on PEPE following Bitcoin halving
23.4.2024
Bitcoin Halving was potentially a success, as it has set BTC on the path to surpass the milestone of $100k by the end of this year, that is, 2024. Although an actual impact has yet to be registered by the crypto market, all eyes are turning to everyone’s favorite cryptos. PEPE is on the list …