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Real-world use cases for spending and accepting Tether stablecoin
12.10.2023
Tether is a popular stablecoin in online retailers, e-commerce, gaming, trading, and more, as it offers a secure and reliable channel for transferring funds across various platforms. Using Tether eliminates the need for manual currency conversion and greatly reduces transaction fees. The rising...
Computable Functions Verified on Bitcoin — How BitVM Seeks to Elevate BTC’s Smart Contract Game
12.10.2023
A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its fair share of criticism. Can BitVM Set a...
Alameda’s $150M Bribery Bombshell: Thai Sex Workers and Sam Trabucco’s Disappearance Fuels Mystery
12.10.2023
In a riveting development, Caroline Ellison’s recent testimony revealed that Alameda Research is believed to have shelled out a whopping $150 million to Chinese officials to unlock accounts valued over $1 billion. The narrative thickens as the former co-CEO, Sam Trabucco, has seemingly...
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
11.10.2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing...
Soliciting the Saudi Crown Prince and Buying Snapchat: Ex-Alameda Chief Reveals Covert Dealings in SBF’s Fraud Hearing
11.10.2023
FTX’s former CEO, Sam Bankman-Fried (SBF), allegedly guided staff to inappropriately utilize FTX client resources and hide financial vulnerabilities from various lenders, revealed former Alameda Research CEO Caroline Ellison during Wednesday’s hearing in SBF’s ongoing fraud case....
Hata receives in-principle approval to be fifth Malaysian digital exchange
11.10.2023
The new exchange was founded by an executive from Malaysian market leader Luno. It will target investors, businesses, and high-net-worth individuals
Speculation vs. Utility: Cryptocurrency's Identity Crisis
11.10.2023
The key question facing the crypto industry is what the real utility of cryptocurrency is, according to Wall Street Journal columnist Jon Sindreu.
The reason for this new identity crisis in crypto, according to Sindreu, is that the sector has largely turned into a speculative bet on their...
Report: Long-Term Holders Gobble Up $1.35B in Bitcoin Each Month While Altcoin Mania Lies Dormant
11.10.2023
Seasoned crypto investors continue scooping up bitcoin (BTC) at a rate of 50,000 coins per month valued at $1.35 billion, according to blockchain analytics firm Glassnode’s latest onchain report. This supply tightening comes as the broader digital asset market remains “exceptionally...
Ethereum Inflation Rises as Onchain Activity Declines; $35.31M Added in 17 Days
11.10.2023
Ethereum’s shift from a deflationary to an inflationary model has witnessed a 0.178% uptick in the last 17 days. During this period, the network added 22,502 ether, valued at $35.31 million, to its total supply. Ethereum’s Growing Inflation Fueled by Onchain Downturn Previously...
Biggest Movers: DOGE Higher on Wednesday, After Falling to Recent 7-Week Low
11.10.2023
Dogecoin was marginally higher on Wednesday, after moving back above a recent support point during today’s session. The meme coin fell to a seven-week low on Monday, however bulls have moved to buy the dip. Toncoin was another token to rise, reentering the $2.00 region in the process. Dogecoin...
Standard Chartered’s Research Predicts Ethereum to Hit $8K by 2026 and Eyes $35K Long-Term
11.10.2023
Ethereum might soar to $8,000 by 2026, suggests a fresh investors memo penned by Standard Chartered’s lead on forex and crypto research. Geoffrey Kendrick, alongside his analytical squad at the bank, pinpointed Ethereum’s stronghold in smart contracts, gaming, and tokenization as...
Bitfinex is looking for a $150 million share repurchase
11.10.2023
Bitfinex’s proprietor is contemplating a $150 million share repurchase as a means of enhancing its operational control over the private company. The reason is more pressing as the emphasis on regulatory aspects continues to grow. Hong Kong-based iFinex has the same board of directors...
Galxe shares recovery plan for affected users
11.10.2023
Galxe suffered a security issue on October 6, 2023. The venture has now come up with a plan to make recovery accessible to those users who were affected. Reference first: select users had authenticated a transaction on the phishing site. Thereby, they lose their funds to the scammers. However...
Bitcoin, Ethereum Technical Analysis: BTC Hits 10-Day Low, Caroline Ellison Confirms Fraud on Behalf of SBF
11.10.2023
Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead of the upcoming U.S. Producer Price Index, which...
Solana gains while Ethereum loses, a stark comparison
11.10.2023
Solana has just seen one of the biggest inflows to the network. These are worth $24 million. While the inflows are a part of the development, this one comes as a major announcement because Ethereum, on the other hand, has seen outflows from the network. It happened in just a week, further cementing...
Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project
11.10.2023
The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents “interesting” use cases, HKMA CEO Eddie...
Ethereum’s game changing two-tiered staking for enhanced security and scalability
11.10.2023
Ethereum is the second-largest crypto in terms of market cap and the first blockchain-based smart contract to undergo a historic transformation from an energy-intensive mechanism of proof of work (PoW) to a more eco-friendly consensus mechanism of proof of stake (PoS). PoS fundamentals have...
Coins.ph and Circle encourage Philippine financial inclusion
11.10.2023
Coins.ph has announced a strategic partnership with Circle to boost financial inclusion across the Philippines. The idea is to facilitate a USDC-based remittance mechanism to cover the section of the population that is still unbanked. According to statistics, nearly 44% of the population...
Bitmain Halts Employee Salaries Amid Financial Woes, Report
11.10.2023
Mining hardware manufacturer Bitmain has temporarily suspended salary payments to its employees, a media report has revealed. News of the move comes along with information suggesting that the crypto giant is experiencing financial difficulties with poor results from its operations. Antminer Maker...
Cardano’s lead in the DeFi environment superseded by Bitcoin Spark’s remarkable potential
11.10.2023
Cardano is an emerging digital currency that has garnered an exponential number of retail and institutional investors. Charles Hoskinson, the CEO and founder of Cardano’s Foundation, has developed the project to promote transparency and efficiency. This has steadily increased...