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SHIB team introduces Shibdentity, a new era of Web3 digital identity
25.1.2024
The Shib team has announced that it is soon bringing Shibdentity to mark the future of digital identity in the Web3 sphere. This has hinted that the 2024 year could be dedicated to Shiba Inu. This announcement comes after users have relied on their Web3 wallet addresses to verify their...
Uma’s Latest Innovation Ova Promises Fairer Profit Distribution in Defi
25.1.2024
UMA has officially introduced Oval, a novel product designed to optimize the use of oracle data by defi protocols. This tool changes how protocols manage oracle-based MEV, enhancing efficiency and fairness in Ethereum’s blockchain profits. Oval Launch by Uma Aims to Redistribute Profits Back...
Solana launches Token Extensions for enterprise-grade use cases
25.1.2024
Solana recently introduced token extensions, a futuristic token toolset. According to the X thread, the advanced token functionality will help developers on Solana. With the extensions, developers can quickly build custom token experiences. These experiences will be designed to keep up with every...
FINRA Claims Widespread Violations in Majority of Crypto Asset Communications
25.1.2024
Following an examination launched in November 2022, FINRA claims widespread potential violations in the way member firms communicate about crypto assets. FINRA Report Alleges Misinformation in Crypto Asset Marketing In a report released on Jan. 23, the Financial Industry Regulatory Authority...
Solana Unleashes Token Extensions to Enhance SPL Token Standard
25.1.2024
On Wednesday, Solana Labs unveiled the launch of token extensions, marking a noteworthy advancement in the SPL Token standard. The blockchain network’s token extensions aim to provide a suite of solutions for businesses transitioning to distributed ledger technology, emphasizing security...
IRS Revises Digital Asset Question on Tax Forms
25.1.2024
The Internal Revenue Service (IRS) has revised the question about digital assets included on income tax forms. Moreover, the tax authority has added the question to four additional tax forms. “The question must be answered by all taxpayers, not just by those who engaged in a transaction...
Bitwise Leads the Way as First US Bitcoin ETF to Publicly Disclose Wallet Address
25.1.2024
On Wednesday, Jan. 24, 2024, Bitwise, a leading digital asset manager, made a groundbreaking announcement as the first U.S. spot bitcoin exchange-traded fund (ETF) to reveal its bitcoin wallet address. Emphasizing its commitment to transparency, Bitwise stated, “proud to walk the walk with...
Okx Exchange Announces Plans to Compensate Users After OKB Token Flash Crash
25.1.2024
Following a sudden plunge in the value of its native token OKB, which fell over 50% in a matter of minutes, Okx exchange has committed to developing a compensation plan for users caught in the resultant wave of automatic liquidations. Okx Exchange to Roll Out Compensation After Unexpected OKB Token...
Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End
24.1.2024
On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of Bitfarms’ ambitious plan to escalate its capacity to...
North Korea Hackers’ Illicit Gains Dwindled in 2023 Despite More Attacks – Chainalysis
24.1.2024
Source: AdobeStock Blockchain analytics and security firm Chainalysis has reported a decrease in cryptocurrency theft in 2023. Sharing its insights in a blog post, the firm disclosed that the crypto market witnessed a collective loss of $1.7 billion. This marks a significant 54.3% reduction from...
New Cryptocurrency eTuktuk (TUK) Raises $500k In ICO – Best Eco Friendly Crypto To Invest In
24.1.2024
eTuktuk’s presale funding success highlights investor interest in eco friendly crypto projects with strong real-world utility. Image by Kerem Goktug Kaya, DALL-E 3. A new eco-friendly crypto project focused on environmentally sustainable transportation has raised over $500,000 so far in...
Bitcoin and Ethereum Price Prediction as BTC Traders Target $30,000 Level and ETH Bounces From Support
24.1.2024
In the ever-dynamic world of cryptocurrency, Bitcoin (BTC) and Ethereum (ETH) continue to navigate through turbulent waters. As of recent developments, Bitcoin, the pioneer and most valued cryptocurrency, experienced a significant downturn, breaching the $40,000 mark and stirring market...
GBTC Sees Over 80,000 Bitcoin Leave in 12 Days While Rival ETFs Amass 118,000 BTC
24.1.2024
Statistics reveal that Grayscale’s Bitcoin Trust (GBTC) has offloaded a further quantity of bitcoin, with the fund’s holdings decreasing from Tuesday’s 552,681.22 bitcoin to Wednesday’s total of 536,694.93 bitcoin. Over the last day, the fund experienced an outflow...
Best Crypto to Buy Now January 24 – SUI, Bittensor, Celestia
24.1.2024
The cryptocurrency market is showing signs of renewed momentum as Sui Network’s SUI token rallies after a successful bounce from the 20-day EMA, Bittensor’s TAO climbs on AI potential, and Celestia’s TIA rebounds from recent declines. For investors seeking the best crypto to...
Brink’s Makes Strategic Investment in Cryptocurrency Custody Firm BitGo
24.1.2024
On January 24, Brink’s announced the partnership with BitGo, a cryptocurrency custody firm. As part of this collaboration, Brink’s will serve as BitGo’s global secure logistics and vaulting provider. BitGo is delighted to partner with @Brinks as we advance financial innovation...
Hashkey Capital and FTSE Russell Launch Trio of Indices to Track Diverse Crypto Assets
24.1.2024
Digital asset investment company Hashkey Capital has collaborated with the London Stock Exchange Group (LSEG) subsidiary FTSE Russell to unveil three indices for tracking cryptocurrencies. These indices enable investors and traders to keep an eye on a diverse collection of assets spanning different...
AI Agents: The Next Big Buyers in Crypto, Predicts Palantir’s Joe Lonsdale
24.1.2024
This week, Joe Lonsdale, a founding partner of Palantir, engaged in a dialogue about artificial intelligence (AI) on CNBC’s “Squawk Box.” During this discussion, he highlighted the significant role AI will play in enhancing productivity. Furthermore, Lonsdale pointed out...
Stablecoin Market Capitalization Soars to 11-Month High, Taps $134 Billion
24.1.2024
The stablecoin market capitalization has surged to its highest point in 11 months with increased network activity recorded at the start of the year. A recent market research by cryptocurrency analytics firm, CCData shows an increase in the stablecoin market as the wider digital asset market...
Arkham Reveals Onchain Addresses Linked to 4 Major Bitcoin ETFs, Boosting Market Transparency
24.1.2024
On Jan. 23, Arkham, a firm specializing in onchain intelligence, announced the identification of four lists of connected addresses linked to four new spot bitcoin exchange-traded funds (ETFs). These groups of addresses are reportedly associated with fund managers including Blackrock, Fidelity...
KuCard, The Crypto Visa Card by KuCoin, Brings Apple Pay to Customers
24.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Victoria, Seychelles — 23rd January, 2024 — KuCard, the first crypto debit card introduced by KuCoin, a top 5 global cryptocurrency exchange, today brings its customers Apple Pay, a safer, more...