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 …
Feb 07 2024
Bitcoin is at the end of one of its most favorable and positive trading weeks in a long time. Several altcoins have outperformed the largest cryptocurrency, including Chainlink, Aptos, and Cardano. Bitcoin’s price slipped under the $34,000 level but the bulls managed to intercept the move and the asset stands just north of it as …
Feb 06 2024
The exploit is designed to deceive Bitcoin and Exodus wallet users into unwittingly downloading a fraudulent version of the software. Kaspersky mentioned that the malware, distributed through pirated applications, is distinctive in its focus on compromising wallet applications. Unlike typical proxy trojans or remote control software, this malware stands out in two ways. First, it …
Feb 03 2024
Digital asset investment products received a total of $326 million in inflows, marking the highest weekly influx since July 2022. Bitcoin dominated the total, accounting for 90% of the total at $296 million. The asset manager speculated that the rising optimism from investors that the US Securities and Exchange Commission would approve a spot-based Bitcoin …