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Gate.io announces support for $SOULS token migration
8.3.2024
Gate.io has announced its support for the migration of $SOULS tokens. The move comes after The Unfettered project experienced a hacking incident. The token swap will happen in a ratio of 1:1. Gate.io will support the swap services via a new ID. Users of Gate.io who already hold the token will...
Sony Files ‘Super-Fungible Token’ NFT Patent
8.3.2024
Sony, the Japanese electronics behemoth, has filed a patent involving the use of non-fungible tokens (NFTs) as part of in-game mechanics. Sony’s patent describes the usage of a “Super-Fungible Token,” an amalgamation of a set of gaming assets, allowing the selection of only one...
Optimism Foundation Executes $89 Million OP Private Token Transaction
8.3.2024
The Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working capital. This sale is part of the foundation’s...
Binance’s ‘Crypto Perfume’ for Women Receives Industry-Wide Criticisms
8.3.2024
The core reason for the release of a crypto scent is “to encourage more women to learn and explore the world of cryptocurrency.”
The post Binance’s ‘Crypto Perfume’ for Women Receives Industry-Wide Criticisms appeared first on Cryptonews
Worldcoin Ordered to Stop Operations in Spain
8.3.2024
Worldcoin, the biometric identity project, has been banned from operating in Spain for up to three months, according to a press release from the Spanish data agency, the AEPD. The agency will also require Worldcoin to stop using the already collected data from Spanish citizens, utilizing...
Tether’s rising influence on Bitcoin markets
8.3.2024
Tether (USDT) is a digital currency that stands out in the crypto world as a stablecoin, which means keeping its value as fixed as possible by linking its value with the value of a fiat currency, e.g., the US dollar. But this advantage is hard to specify, as Bitcoin is less stable than some other...
Kremlin Reveals Plans to Create a “Politics-Free” BRICS Blockchain-Based Payments System
8.3.2024
Yury Ushakov, an aide of Russian president Vladimir Putin, revealed plans to create a digital blockchain payment system for the BRICS bloc. Ushakov remarked that the countries of the group would benefit from implementing such a system for the use of governments, common people, and businesses...
Mark Cuban: Bitcoin Demand to Outpace Supply, BTC Is a Great Store of Value
8.3.2024
Billionaire investor Mark Cuban, a minority owner of the National Basketball Association (NBA) team Dallas Mavericks, expects the price of bitcoin to go up due to the supply-demand dynamic. “I do feel that the demand is going to exceed the number of people selling,” he explained...
Jerome Powell Clarifies: US Far From Introducing a Central Bank Digital Currency
8.3.2024
Federal Reserve Chair Jerome Powell stated before the Senate Committee on Banking, Housing, and Urban Affairs that the United States is far from adopting or even recommending the introduction of a central bank digital currency (CBDC), emphasizing a significant distance from such a possibility....
SEC Chair Gensler Cautions About Crypto Investing — Warns ‘Thousands’ of Crypto Tokens May Be Securities
8.3.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has cautioned about crypto investing. “This is a highly speculative asset class. One could just look at the volatility of bitcoin in the last few days,” he stressed, warning that thousands of crypto tokens may...
On-Chain Analysis Reveals Tesla Has 11,509 Bitcoins and Spacex Owns 8,285 BTC, Says Arkham
8.3.2024
Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first...
Transak Achieves Industry-First SOC 2 Type 2 Compliance in Crypto Sector
8.3.2024
In a landmark achievement for the cryptocurrency sector, Transak has become the first global on/off-ramp service to secure SOC 2 Type 2 compliance. The firm explained to Bitcoin.com News that the accomplishment underscores the company’s commitment to data security and customer trust, paving...
Elon Musk Sparks Excitement and Speculation in Crypto Community with OpenAI Troll
7.3.2024
Elon Musk's critique of OpenAI, the company he co-founded, has sparked a legal dispute and mixed reactions within the cryptocurrency community. His call for a more open AI dialogue contrasts with OpenAI's funding and strategic decisions, leading to a complex discourse on AI's future direction.
The...
Mogo Takes a Further Leap Into BTC, Eyes Long-Term Gains With $5M Bitcoin Reserve Investment
7.3.2024
In a statement released on March 7, the Canadian fintech entity Mogo disclosed its strategy to diversify its portfolio by investing in bitcoin and bitcoin exchange-traded funds (ETFs), earmarking an initial outlay of as much as $5 million. Canadian Fintech Mogo Dives Deeper Into Bitcoin...
Physical Bitcoin Worth Over $1 Million Presented At Auction Houses
7.3.2024
Well-known auction houses that typically offer rare coins, famous artworks, and other popular assets for collectors to bid on have started capitalizing on physical Bitcoin (BTC). Both Stack’s Bowers Galleries and Heritage Auctions are presenting “physical cryptocurrencies” as part of their upcoming...
High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea
7.3.2024
In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his extradition to the United States, marking a pivotal moment...
Bitcoin’s Warm-up Phase: Analyst Predicts a Market Evolution That Could ‘Shock’ Traditional Finance
7.3.2024
As bitcoin remains close to its peak price levels, a wave of positive sentiment and enthusiastic vigor is enveloping the crypto sphere. This week, onchain analyst Willy Woo, the same market strategist who asserted in November 2023 that bitcoin will probably not fall under $30,000 again, is of...
South Korea’s Bitcoin Premium Hits 2-Year High, Surpassing Global Rates by $4K
7.3.2024
The latest data reveals that the premium on bitcoin in South Korea has escalated to its highest level in more than two years. At 7:30 a.m. Eastern Time (ET) on Thursday, the weighted global average price for bitcoin hovers between $66,800 and $67,000, whereas on the South Korean exchange Upbit...
Bitcoin’s Hash Price Soars as Average Network Fees Spike by 288%
7.3.2024
According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $60,000 level for eight straight days, elevating the daily value...
Dogecoin Price Prediction as DOGE Bulls Hold $0.15 Level – $1 Incoming?
7.3.2024
The world’s favorite meme coin, Dogecoin (DOGE), is up 20% over the last week. That makes DOGE the only cryptocurrency in the top ten by market capitalization to realize double-digit percentage gains over the past seven days. Broadly speaking the largest market cap coins have all been...