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US District Judge Sanctions Binance’s $4.3 Billion Plea Deal
24.2.2024
Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3...
Bitcoin Miners Face Adapt or Perish Scenario as Halving Approaches in Under 60 Days
23.2.2024
Data indicates that we’re 96% through the journey to the next Bitcoin halving event, with under two months remaining until the reward for mining a block is reduced from 6.25 to 3.125 bitcoins. Although it’s still premature to pinpoint the precise date—given the average...
Spot Bitcoin ETFs Surge to $14.6 Billion in BTC Holdings 43 Days Post-Launch
23.2.2024
It has been 43 days since the debut of the spot bitcoin exchange-traded funds (ETFs) on the American stock market, and in this time, the nine newly launched bitcoin ETFs have accumulated 287,315 bitcoins, valued at approximately $14.6 billion. Leading the pack is Blackrock’s IBIT, boasting...
Crypto Cashback Programs Mature to Drive Accessibility and Financial Inclusion
23.2.2024
A recent report published by Bitcoin financial services provider Unchained found that 55% of 400 U.S. investors surveyed own Bitcoin. Findings further note that 34% of those surveyed think Bitcoin will be the best-performing asset in 2024 in comparison to gold, the S&P 500,...
Avalanche Blockchain Faces Outage Amid Inscription Wave: AVA Labs Investigates
23.2.2024
The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs’ co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions. Avalanche Hits Snag as Block Finalization Stall Disrupts Service Avalanche...
Riot and Texas Blockchain Council Challenge US Government’s Bitcoin Mining Data Request in Court
23.2.2024
The publicly listed mining firm Riot Platforms and the Texas Blockchain Council have initiated legal proceedings against the U.S. Department of Energy (DOE) and other federal entities, aiming to obstruct what they deem an unauthorized data collection effort targeting the bitcoin mining industry....
Grayscale files Privacy ETF Form N-1A with Zcash Trust Allocation
23.2.2024
Grayscale submitted Form N-1A to the US Securities & Exchange Commission. The idea is to seek approval for a Privacy ETF. The product will be dedicated to the realms of cybersecurity and privacy, making Grayscale the first player in the market to introduce such a product. The performance...
Bonk Price Prediction as BONK Market Cap Falls to $750 Million – When is the Next Rally?
23.2.2024
BONK has dipped by 2% today, with the Bonk price sinking to $0.0000118 as the cryptocurrency market suffers a similar 1.5% drop in the past 24 hours.
The post Bonk Price Prediction as BONK Market Cap Falls to $750 Million – When is the Next Rally? appeared first on Cryptonews
Bitcoin Technical Analysis: BTC Price Oscillation Reflects Crossroads and Market Indecision
23.2.2024
Bitcoin’s value on Friday added another page to its unfolding story, registering just under $51,000, showing a modest decline from its 24-hour peak of $51,965 down to a trough of $50,877. Despite this dip, bitcoin’s 24-hour trading volume remains at $25.07 billion, highlighting...
Reddit files IPO, names Bitcoin and Ether holdings
23.2.2024
Reddit submitted an application for an IPO with the US Securities and Exchange Commission. It revealed that Reddit has substantial holdings in Bitcoin and Ether. Also, Reddit invested in Ether and Polygon as a form of payment for sales of certain virtual goods. Reddit’s IPO filing is part...
FATF Grey Listing Concern Prompts Kenya to Establish a Crypto Working Group
23.2.2024
The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident that the approved regulations will designate a sole...
Blueberry Protocol attacked via inconsistent logic for token price
23.2.2024
BlockSec recently confirmed that the Blueberry Protocol was attacked over X/Twitter. The blockchain security platform suspects that the attack occurred via inconsistent token price normalization logic. The process involves a mismatch between the different price sources and their normalization...
Kraken fights back: Files motion to dismiss SEC lawsuit
23.2.2024
Kraken Exchange relocated to the Northern District of California in an effort to have the US Securities and Exchange Commission’s lawsuit dismissed. The agency had sued the exchange platform, citing several allegations. This included operating as a broker, exchange, and clearinghouse without...
Gauntlet Withdraws From Aave Partnership, Citing Governance Challenges
23.2.2024
Gauntlet has decided to withdraw from its role as Risk Steward for Aave, pointing to governance and operational challenges as the main reasons. This announcement marks the end of a four-year collaboration that has helped in growing Aave. Gauntlet Ends Partnership With Aave Due to DAO Disputes...
Digital Yuan Now Used to Complete Car Prepurchase Payments
23.2.2024
The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February...
Is staking BNB right for you? Weighing risks and rewards!
23.2.2024
Staking has emerged as a popular way for crypto enthusiasts to earn rewards by supporting the operations of their preferred blockchain networks. BNB, the native token of the Binance Smart Chain, offers staking opportunities that allow holders to earn passive income while contributing to...
Stellar Debuts Smart Contracts With Protocol 20 Update
23.2.2024
Stellar has announced the introduction of smart contracts as part of its Protocol 20 update, passed by a validator vote on Feb. 20. The upgrade introduces Soroban, the new smart contracts system, to mainnet, and initiates a phased rollout for validators to monitor the performance of these...
Micro-earn your way to ETH: Smart strategies for faucet users
23.2.2024
A crypto faucet is an online platform that dispenses small amounts of free cryptocurrency as a reward for completing simple tasks. Several popular faucets provide an opportunity to micro-earn tiny fractions of ETH (Ethereum native cryptocurrency) over time. Faucets act as a promotional tool...
What strategies and challenges exist for improving security in Crypto iGaming sector?
23.2.2024
The cryptographic iGaming industry offers both unique opportunities and challenges when it comes to enhancing security. A comprehensive strategy is essential to strengthen security measures in this field. Employing advanced encryption methods and secure wallet systems can effectively protect...
FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report
23.2.2024
Bankrupt cryptocurrency exchange FTX has been permitted to sell its shares in the artificial intelligence firm Anthropic, according to an issue ordered by U.S. Federal Judge John Dorsey on Thursday, reports Reuters.
The post FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report appeared...