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Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation
11.2.2023
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following...
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
11.2.2023
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put...
Bit2Me Debit Card Launch Gives Users up to 9% Cashback on All Purchases
11.2.2023
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than...
Ordinal Inscriptions Take the NFT World by Storm: Over 50,000 Added to the Bitcoin Blockchain in 2023
11.2.2023
As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high...
NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements
11.2.2023
Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week....
Biggest Movers: SHIB, LTC Rebound From Recent Losses on Saturday
11.2.2023
Shiba inu continued to move away from a recent one-week low on Saturday, as the meme coin rebounded to start the weekend. Although overall sentiment remains bearish, prices are starting the weekend relatively stronger. Litecoin also rebounded in today’s session. Shiba Inu (SHIB) Shiba...
2023 is a make-or-break year for blockchain gaming: Play-to-own
11.2.2023
While the thesis is compelling for crypto gaming, the way forward is unclear. Interoperability is one thorny issue and playability is still yet to catch up to traditional games
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500 Level to Start the Weekend
11.2.2023
Ethereum neared a breakout below $1,500 to start the weekend, pushing prices closer to a one-month low. Overall sentiment remained mostly bearish, with the global cryptocurrency market cap trading 0.96% lower, as of writing. Bitcoin also edged lower, with prices remaining below $22,000. Bitcoin...
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
Kenyan AI and Blockchain Startup Receives Investment From Swiss VC Firm
11.2.2023
Fastagger Inc, an artificial intelligence and blockchain startup from Kenya, recently revealed that it had received an investment from the Swizterland-based blockchain investor CVVC. Mutembei Kariuki, said the investment will be used to fund the further develop Fastagger’s “cutting-edge...
Analysts suggest: Bitcoin, Cardano, & Orbeon Protocol: Best Potential Movers in 2023
11.2.2023
2023 could be the year of explosive growth for cryptocurrencies, and the top analysts are pointing to Bitcoin (BTC), Cardano (ADA), and Orbeon Protocol (ORBN) as the best potential movers. But what makes Orbeon Protocol stand out from the rest? Orbeon Protocol is an innovative platform that aims...
JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol
11.2.2023
JPMorgan, one of the biggest financial institutions in the world, estimates that the arrival of the next Ethereum upgrade, codenamed Shanghai, will bring more investors to stake their funds in the protocol. The firm believes that this number might reach 60% of the ether issued, a number already...
State-backed Crypto Mining Farm under Construction in Russia’s Buryatia
11.2.2023
A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver...
Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force
11.2.2023
A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will have to renew...
Bank of New York Mellon: ‘Clients Are Absolutely Interested in Digital Assets’
11.2.2023
Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets noted: “We need responsible actors who can offer reliable services that live...
Ground Handling Firm to Use a Blockchain Document Solution at 28 Saudi Airports
11.2.2023
The Kingdom of Saudi Arabia-based airport ground handling services firm, Saudi Ground Services, has said it plans to implement a blockchain-based document solution that allows it “to issue over 10,000 digital documents annually including licenses.” According to the firm’s Ayman...
Bitcoin price correction was overdue — Analysts outline why the end of 2023 will be bullish
10.2.2023
BTC and the crypto market will continue to battle with strong headwinds, but analysts explain why Q3 and Q4 of 2023 could turn out well for Bitcoin
Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors
10.2.2023
Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms
Friends With Benefits DAO Releases Social Networking App
10.2.2023
The new application will allow members to connect with each other, read governance proposals and discover in-person events
Coinbase Product Head Departs for a16z Crypto
10.2.2023
Surojit Chatterjee tweeted his new role as executive in residence at Andreessen Horowitz