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 …
Feb 03 2024
Invesco and Galaxy Asset Management have joined the ongoing battle over fees in the spot Bitcoin ETF space. The two companies announced that the Invesco Galaxy Bitcoin ETF (BTCO) will now have an expense ratio of 0.25%, reduced from its previous 0.39%. The fund will waive its fees for the initial six months or until …
Feb 03 2024
Einstein’s 4-hour chat paints a more clear picture of the recent price action. The cryptocurrency has been forming a falling wedge pattern since failing to break above the $2,700 resistance area. Meanwhile, considering the availability of several support levels, investors can still be optimistic about the short-term trend. A bullish breakout from the wedge can …
Feb 03 2024
OP, the native token of the layer-2 Optimistic Rollup network, incurred weekly losses of over 20%. Despite this, a substantial number of token holders maintained a profitable position. Such a trend is viewed as positive for the crypto asset, indicating the resilience of long-term investors who have navigated through the market’s volatility. It also underscores …
Feb 02 2024
In a recent interview, Jack Dorsey and Luke Dashjr shared their insights on the current state and future trajectory of Bitcoin. The interview also shed light on Ocean Mining’s innovative efforts to combat the centralization of mining pools. Dorsey believes BTC can potentially contribute to “world peace” and “energy abundance” The conversation then shifted to …