Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Hester Peirce is Against SEC Actions in LBRY Case
Reading Time: < 1 minuteCommissioner Hester Peirce of the SEC has expressed her belief that the agency could have better utilized their time and resources by focusing on developing a workable regulatory framework, rather than devoting them to the LBRY case.
USDT Represents 80% of Digital Currency Transactions in Brazil
Reading Time: < 1 minuteAccording to the Brazilian Tax Service, USDT is responsible for up to 80% of digital currency transactions in the country.
UN Says There is a Correlation Between Bitcoin Price and Network Energy Consumption
Reading Time: < 1 minuteUN scientists concluded that the increase in their energy consumption to 173.42 TWh in 2020-2021 happened at the same time as Bitcoin reached its all-time high of $69,000.
Ethereum Puts Off Dencun Hard Fork to 2024
Reading Time: < 1 minuteAccording to a report by Blockworks, Ethereum client developers have confirmed that the anticipated Dencun update will not be activated on the main network until the end of 2023.
Cryptos Are An Innovative Tool: Report
Reading Time: < 1 minuteCoinbase has discovered that a significant number of millennials in the US consider digital currencies to be an integral part of the modernization of the global financial system.
Animoca Brands Purchases Azarus
Reading Time: < 1 minuteAnimoca Brands, a Hong Kong-based company in the blockchain gaming industry, has acquired the Web3 streaming platform Azarus, according to a report from VentureBeat.
Gary Gensler Says Scams Are Abundant in Crypto Industry
Reading Time: < 1 minuteAccording to Gary Gensler, the chairman of the Securities and Exchange Commission, the digital asset industry is plagued by fraudulent activities, scams, bankruptcies, and money laundering.
Elliptic: The Share of Cryptos in Terrorism Financing is Small
Reading Time: < 1 minuteBlockchain experts, including Elliptic and Chainalysis, believe the use of virtual currencies by extremist groups is often overstated.
JPMorgan Says SEC Will Face Lawsuits if Bitcoin ETFs are Rejected
Reading Time: < 1 minuteAccording to experts at JPMorgan, the US Securities and Exchange Commission (SEC) could potentially face multiple lawsuits if it rejects applications for spot exchange-traded funds based on the first cryptocurrency.
SEC Imposes $2.5M Fine on BlackRock
Reading Time: < 1 minuteThe SEC has charged BlackRock with knowingly providing false information about their investments in the entertainment industry.
US is Losing Control Over Stablecoins: Circle CEO
Reading Time: < 1 minuteAccording to Circle’s CEO Jeremy Allaire, the US government is not taking decisive action towards legalizing stablecoins, causing companies to move to other countries.
Mexican Billionaire: BTC is a Reliable Hedge Against Inflation
Reading Time: < 1 minuteAccording to a recent interview with Bitcoin Magazine, Mexican billionaire Ricardo Salinas Pliego, founder of the Grupo Salinas group of companies, discussed his views on BTC.
Nym Technologies Unveils $300M Fund with a16z Support
Reading Time: < 1 minuteThe CEO of Nym Technologies, Harry Halpin, has announced the launch of an Innovation Fund program with the goal of supporting developers of privacy-focused solutions for the decentralized web.
NFT Trading Volume Drops to Lowest Level in 2 Years
Reading Time: < 1 minuteThe NFT market experienced a significant decrease in trading volume in September, reaching its lowest level since January 2021.
Report: US Residents Conducted $1T in Crypto Transactions in a Year
Reading Time: < 1 minuteBetween July 2022 and June 2023, US residents conducted over $1 trillion in cryptocurrency transactions, making it the highest in the world.
4,800 BTC from Closed Darknet Market Abraxas Enter into Motion
Reading Time: < 1 minuteIt was recently discovered that an unknown group of individuals has moved approximately 4,800 BTC, which is equivalent to around $144 million, from the darknet marketplace Abraxas.
Berkshire Vice President: Investing in Bitcoin is Pointless
Reading Time: < 1 minuteAs per Berkshire’s Vice President Charlie Munger, there is absolutely no reason to buy into the hype surrounding Bitcoin.
MicroStrategy’s Paper Profit on Bitcoin Surpasses $170M
Reading Time: < 1 minuteAs of October 23, as the price of Bitcoin surpassed $30,000, MicroStrategy, a software analytics provider, saw a positive return on their investment in digital gold.
Former ConsenSys Employees File Lawsuit Against Joseph Lubin
Reading Time: < 1 minuteA lawsuit has been filed by more than 20 ex-employees of ConsenSys against founder Joseph Lubin, alleging that he failed to fulfill a stock agreement for the infrastructure company.
Finland to Integrate Digital Euro into Financial System
Reading Time: < 1 minuteThe Central Bank of Finland is planning to implement the digital euro (CBDC) into its payment system.
LBRY Shuts Down
Reading Time: < 1 minuteLBRY, the developer of the decentralized media platform Odysee, has announced that it will be shutting down, citing debts amounting to several million dollars.
Gary Gensler Refuses to Say When BTC ETFs Will Be Approved
Reading Time: < 1 minuteSecurities and Exchange Commission (SEC) Chairman Gary Gensler stated that the regulatory agency will not rush in approving applications for Bitcoin ETFs.
Kyrgyzstan is Becoming a Blockchain Hub in Asian Region
Reading Time: < 1 minuteThe Kyrgyz government is opposed to recognizing Bitcoin as a legitimate form of payment, but is taking steps to encourage the growth of blockchain technology.
Developers Are Leaving the Bitcoin Industry: Report
Reading Time: < 1 minuteAs of October 1, 2023, there were 19,300 developers working on open source crypto projects, a decrease of 27% in 12 months according to a report by Electric Capital.
El Salvador Says BTC Has Contributed to Country’s Recovery
Reading Time: < 1 minuteAccording to El Salvador’s Vice President Felix Ulloa, the country’s decision to adopt the first cryptocurrency as legal tender in 2021 was crucial for its recovery from the crisis.
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