Search
Venezuela’s Petro Cryptocurrency to Cease Operations on Jan 15
13.1.2024
Source: RawBeautyPixels/Adobe Venezuela’s national cryptocurrency, the Petro (PTR), is set to cease operations on January 15. The Petro, introduced in 2018 with the goal of helping the country evade United States sanctions, failed to gain widespread adoption throughout its existence....
Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 African Countries
13.1.2024
The leading crypto exchange Coinbase has said it will expand access to its products to 20 African countries. Coinbase also claimed that its partnership arrangement with the Africa-focused crypto exchange Yellow Card can help increase financial freedom in countries where it is lacking. Increasing...
Coinshares Expands US Footprint Through Strategic Takeover of Valkyrie and Its Array of ETFs
12.1.2024
On Friday, Coinshares International Limited, announced that the firm has acquired Valkyrie Funds LLC, the U.S.-based digital asset manager. The Saint Helier company said the decision comes after a direct result of Valkyrie’s spot bitcoin exchange-traded fund (ETF) approval. Coinshares Amplifies...
World Economic Forum Confronts AI Challenges and Public Cynicism Ahead of Davos Summit
12.1.2024
In three days, the World Economic Forum (WEF) Annual Meeting will convene on Jan. 15-19, and much of the world’s elite will be in Davos for the event. Before the meeting, the WEF published the 19th annual edition of the Global Risks Report, which highlights the risks of disinformation, and...
Navigating Spot Bitcoin ETFs in the US: What You Need To Know
12.1.2024
In 2013 an entity affiliated with the Winklevoss twins sent the first application to The United States Securities and Exchange Commission (SEC) to create a spot Bitcoin (BTC) exchange-traded fund (ETF). The SEC officially approved spot Bitcoin ETFs on Jan. 10 this year. It has taken over 10 years...
CoinShares Exercises Option to Acquire Valkyrie Funds Following Spot Bitcoin ETF Approval
12.1.2024
Source: Adobestock Investment management company, CoinShares has exercised the right to acquire Valkyrie Funds, a unit of Valkyrie Investment Inc. following the approval of its spot Bitcoin (BTC) ETF by the Securities and Exchange Commission (SEC). CoinShares solidifies position as a bridge between...
Ethereum Developers Cite Blockchain State to Oppose Vitalik Buterin’s Gas Limit Increase Proposal
12.1.2024
Source: Pixabay Ethereum developers have expressed concerns over the recent proposal by the network’s co-founder Vitalik Buterin to increase the gas limit on the blockchain. Opposition to Vitalik Buterin’s Proposal In a Jan 11 blog post, Ethereum developer, Marius van der Wijden wrote...
Record $2.3B in Bitcoin ETF Trades as BTC Rockets to $49K, Then Plummets Below $46K
11.1.2024
At 11 a.m. Eastern Time (ET) on Jan. 11, 2024, the newly launched spot bitcoin exchange-traded funds (ETFs) boasted a remarkable trading volume of $2.3 billion. However, in a dramatic turn of events later that afternoon, bitcoin’s spot markets experienced a steep decline, with prices falling...
EBA Discusses Proposed Guidelines for Stablecoin Issuers
11.1.2024
Source: AdobeStock / rarrarorro European banking regulators have urged stablecoin issuers and other stakeholders to dialogue with regulators ahead of proposed stablecoin rules under the Markets in Crypto Assets (MICA) regulation. EBA Calls for Synergy Between Stakeholders and Regulators...
Web3 Fundraising Fell 70% Per Quarter Last Year, Female Startups Receive 6.3%: Bitget
11.1.2024
Source: AdobeStock / Rafael Henrique Cryptocurrency exchange Bitget has released a report on blockchain funding across 2022 and 2023 highlighting the latest trends including gender disparities in the present VC ecosystem. In a Jan 11 release, the exchange revealed that blockchain startups have...
Elon Musk Tips Use of Bitcoin On Mars, Highlights Possible Challenges
11.1.2024
Elon Musk. Source: a video screenshot, Elon Musk Zone / YouTube Tesla CEO Elon Musk says there’s a possibility cryptocurrencies could be utilized on Mars as he answers questions about what he would use on the planet. Speaking in an X (formerly Twitter) space, “Ark 21Shares Bitcoin ETF (ARKB)...
Decentralized Platform Aave Wins Community Votes to Onboard PYUSD Stablecoin
11.1.2024
Source: AdobeStock / Sundry Photography Aave, a decentralized platform that allows users to borrow/lend crypto, might consider adding PayPal’s PYUSD stablecoins to its Ethereum pool. The platform proposed its plans to integrate PYUSD stablecoin in December, seeking community vote. The voting window...
Binance Spot Market Share Spiked First Time in Months as BTC Futures Products Rise: CCData
11.1.2024
Source: Adobe The cryptocurrency market recorded massive gains towards the end of 2023 in several areas as the uptick in asset prices was seen in centralized exchange numbers, institutional funds, and decentralized applications (dApps). A Jan 10 market report by cryptocurrency research firm CCData...
Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists
10.1.2024
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $11.17 per transfer. Although there has been a decline in onchain fees, they currently...
AsiaPay Partners with BLOX to Explore Crypto Payment Solutions in Malaysia
10.1.2024
Source: Pixabay / Michael Wuensch Digital payment company AsiaPay has partnered with BLOX, a Malaysian web3 firm, to explore payment solutions around digital assets in the country. In a Jan 10 press release, the firm explained the need to look into other payment options as more sectors emerge...
Ethereum Bounces Back: Surpasses 2-Year Low Against Bitcoin Following Erroneous SEC Announcement
10.1.2024
On Jan. 9, 2024, ethereum’s value relative to bitcoin plummeted to its lowest level since November 2021. Yet, in the past 24 hours, ether has rallied, gaining 3.66% against bitcoin, recovering from this two-year low. Ether Rebounds Strongly in Wake of SEC Misstep On Wednesday, ethereum (ETH)...
Bit.Store Leads with a First: BRC20 Token Integration for Crypto Card Recharges
10.1.2024
PRESS RELEASE. Lithuania, 10th Jan 2024: In a groundbreaking move, Bit.Store has become the first crypto card service to integrate BRC20 tokens (Bitcoin Originals) for card recharges. This pioneering step demonstrates Bit.Store’s commitment to innovation in the cryptocurrency space, offering...
‘Extreme Greed’ — Bitcoin’s Price Rise Leads to Highest Fear and Greed Index Level Since 2021
9.1.2024
Hovering just below the $47K mark, bitcoin’s price rise has coincided with the Crypto Fear and Greed Index (CFGI) reaching a notable 76 on Jan. 9, 2024. This signals a phase of “extreme greed,” a sentiment intensity not witnessed since the cryptocurrency’s previous bull...
Less Than 15,000 Blocks to Halving: ETF Hopes and Ordinal Inscriptions Serve as Life Preserver for Bitcoin Miners
9.1.2024
As of Jan. 9, 2024, fewer than 15,000 blocks remain before the fourth Bitcoin halving event. This milestone will halve the block reward from 6.25 to 3.125 bitcoins per block. Expected to occur in April 2024, this event will render bitcoin increasingly scarce. However, it may exert considerable...
New Scientist’s Bitcoin Ban Article Sparks Backlash: Experts Slam ‘Bad Science’ and Bias
9.1.2024
On Jan. 8, 2024, a New Scientist article sparked debate by questioning whether nations ought to consider banning bitcoin due to its environmental footprint. The editorial has drawn significant criticism from numerous bitcoin supporters. Environmental, social, and governance (ESG) expert Daniel...