Feb 10 2024
A spot Bitcoin exchange-traded fund (ETF) has been one of the hottest topics over the past few years. Many investment companies, both traditional and crypto-oriented, have been filing multiple applications with the United States Securities and Exchange Commission over and over again. On January 10th, 2024, the SEC finally gave the go-ahead and a total …
Feb 09 2024
12% of Salvadorans used Bitcoin at least once to pay for goods and services in 2023. This marks a significant decrease from 2022, when the same university reported that 24.4% had engaged in transactions using Bitcoin. The decline in numbers raised questions about the sustainability and widespread acceptance of the premier crypto asset in everyday …
Feb 09 2024
The group set up companies and call centers throughout Georgia. They created e-commerce platforms to enhance credibility, alluring victims with lucrative financial deals. This is how they allegedly embezzled “several million Swiss francs belonging to citizens of the Swiss Confederation,” read the statement. To facilitate the laundering of the fraudulently acquired funds, the suspects reportedly …
Feb 08 2024
Ripple’s Chief Technology Officer, David Schwartz, has shown his support for the proposed governance changes. The move comes in response to a comprehensive proposal by XRP Ledger developer David Fuelling. Schwartz described the proposal as a “straw man” to stimulate open dialogue and gather diverse suggestions. Some people have expressed skepticism about the proposal, suggesting …
Feb 08 2024
Argo Blockchain PLC, a London-based cryptocurrency miner, announced on Monday a drop in Bitcoin production for January. The company attributed the decrease in mining output to a 20% decline in daily production compared to December. According to the London Stock Exchange, Argo Blockchain’s shares are by 7.81% to 14.75 pence each in London on Monday, …
Feb 08 2024
Google has partnered with Polygon Labs to develop Web3. Web3 places decentralization at its core. It leverages blockchain technology to empower users with greater control over their data and digital assets. This article delves into the advancements heralded by Google’s swift adoption of the Web3 platform. It also explores the potential of decentralized technologies to …
Feb 08 2024
A study by Bitget focusing on the upcoming Bitcoin halving event indicated a positive outlook as market conditions continue to recover. 84% of the study participants foresee Bitcoin surpassing the previous bull market’s all-time high of $69,000. While optimism runs high across most regions, East Europe emerges as a notable exception. Over half of the …
Feb 07 2024
The highly-anticipated Dencun upgrade of Ethereum was successfully deployed on the Sepolia testnet on Jan. 30. This marks the second deployment out of three planned testnet launches, bringing the Ethereum community one step closer to embracing the features of DencUn. The Sepoliatestnet follows the earlier deployment on the Goerli testnet in January. Despite the initial …
Feb 07 2024
The Treasury and IRS have announced an extension of two weeks for the comment period on its proposed crypto reporting regulations. The final date for feedback has been extended to mid-November in response to the rule’s significant public interest since its August announcement. The proposed regulations focus on defining “brokers” in the crypto industry, including …
Feb 07 2024
Do Kwon, the co-founder of Terraform Labs, is at the center of a legal storm as new revelations regarding the terraUSD (UST) stablecoin collapse in 2022 come to light. Kwon was sued by the U.S. Securities and Exchange Commission (SEC) for allegedly providing false information to investors. An Oct. 18 in a New York court …