The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.
TL;DR From Bitcoin to dApps, blockchain technology has experienced constant evolution, facing new challenges as it develops and seeking tools to solve them. Layer-2 (L2) solutions overlay existing Layer-1 networks to alleviate congestion and reduce transaction costs. Examples include the Lightning Network for Bitcoin and Polygon, Optimism, and Arbitrum for Ethereum. Layer-3 (L3) networks were […]
ConsenSys-backed Layer 2 network – Linea – has extended support to StarkWare’s statement denouncing Matter Labs’ attempts to trademark the term “zero-knowledge” (ZK) in nine countries. Matter Labs, the entity behind zkSync, aims to assert exclusive control over this foundational cryptographic concept, sparking outrage across the industry. Notably, Matter Labs has also pursued the registration […]
A closely followed trader is claiming that no new retail investors are joining the crypto market, but he believes one event could attract the newbies. Pseudonymous trader The Flow Horse tells his 217,800 followers on the social media platform X that it will likely take Bitcoin (BTC) hitting six figures before new retail investors start […]
President Biden has followed through on a promise to veto SEC-related crypto legislation that recently passed the House and Senate. The bill would have reversed guidance from the SEC that says certain companies should label crypto assets as liabilities on their balance sheet, even if they are simply holding the assets on behalf of customers. […]
TOKYO, May 31 (Reuters) – Japan's cryptocurrency exchange DMM Bitcoin said on Friday that it had lost 4,502.9 bitcoin, worth about 48.2 billion …
BlockDAG Dominates as the Leading Layer 1 Crypto with $38M in Presale, Outpacing TRON and Cardano Price Movements As Cardano gears up for potential market gains and TRON’s founder actively engages the community amid fluctuating prices, BlockDAG makes significant strides with a robust $38M in presale achievements bolstered by endorsements from key influencers. This remarkable […]
The Brazilian State Attorney General has dismissed allegations that Johann Steynberg, the late mastermind of a South African bitcoin ponzi scheme, was granted irregular access to a computer and the internet while in prison. Acting public prosecutor Lauro Machado Nogueira recently released a report stating that evidence from prison authorities contradicted these claims. Additionally, Steynberg, […]
Ethereum cofounder Vitalik Buterin delves into contentious Bitcoin block size war
Renowned commodities trader Peter Brandt predicted Bitcoin could surge 230% against Gold after 12-18 months. JUST IN: Legendary Trader Peter Brandt predicts the #Bitcoin price to rise 230% against Gold. Are you prepared? 🚀 pic.twitter.com/F50fgvm6N1 — Bitcoin Magazine (@BitcoinMagazine) May 31, 2024 Brandt has over 50 years of trading experience and correctly called Bitcoin’s parabolic […]
Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend. Consequently, there has been a continuous accumulation of BTC amongst large-scale investors despite its somewhat frustrating price action. The premier cryptocurrency’s price may have ended May beneath the psychological $70,000 mark, […]
This decision does not affect the ongoing collaboration between 21Shares and ARK Invest on other projects like the ARK 21Shares Bitcoin ETF launched in January.
Do Kwon appears to have reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC). In April, a jury found Kwon and Terraform Labs liable for defrauding investors regarding the stability of the algorithmic stablecoin Terra USD, which de-pegged and collapsed in 2022, causing crypto prices to plummet across the board. The case’s […]
TL;DR Divergent Viewpoints: Ethereum founder Vitalik Buterin revisits the Bitcoin block size debate, contrasting the small block caution against the big block push for Bitcoin to remain true to its original vision as digital cash. Debate Dynamics: Buterin initially supported the “big blockers” who wanted to increase the block size to keep transaction fees low […]
TL;DR Charles Hoskinson, founder of Cardano, commits to resolving payment issues at Intersect, which does not allow the use of ADA. Intersect came under heavy scrutiny regarding its commitment to integrating ADA into its ecosystem due to its initial decision to limit payment options. In response to Hoskinson’s expressed concern, Intersect quickly announced that it […]
Ethereum co-founder Vitalik Buterin donated 30 ETH, valued at around $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm through the decentralized fundraising platform Juicebox. According to the on-chain data, the transaction from an address linked to Buterin, named vitalik.eth, was made at 1:58 am EST on May 30 […]
The digital revolution in money transactions brought about by cryptocurrency and blockchain technology could potentially solve this global issue.
Delve into Web3 IP protection basics and utilize strategies for safeguarding your intellectual property.
Transak, a Web3 payments provider, has teamed up with blockchain development platform Cometh to introduce a streamlined fiat-to-Layer three (L3) onboarding solution. This new system reportedly simplifies the purchase of crypto assets directly on Cometh’s L3 blockchain, Arbitrum Orbit. Transak Partners With Cometh to Simplify Fiat-to-L3 Crypto Transactions According to the company’s announcement, Transak and […]
Meanwhile, whales have scooped up $112 million worth of DOGE over the past 24 hours
Yesterday, the Supreme Court of the United States issued two important cases which will likely have wide ranging impacts for Bitcoin and crypto. The decisions are National Rifle Association of America v. Vullo (NRA) and Cantero, et al. v. Bank of America, N. A. (Cantero). In NRA, the Court addressed a critical issue impacting not […]
Data shows the investors in the Ethereum derivatives market have been taking on very high leverage recently, something that could lead to volatility for the asset. Ethereum Estimated Leverage Ratio Has Been At Extreme Levels Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the ETH Estimated Leverage Ratio has been on […]
New data from market intelligence platform Santiment reveals that one Bitcoin (BTC) indicator that has historically predicted price rallies is flashing a bullish signal. In a new post on the social media platform X, Santiment says that when crypto wallets holding at least 10 BTC are accumulating, the price of BTC tends to go up. […]
A new report from bug bounty platform Immunefi shows that crypto losses due to hacks and fraud plummeted over the past year. According to Immunefi, the crypto sector saw 108 specific incidents of hacks and rug pulls in 2024 year-to-date. The financial losses amounted to $473,229,944, or 20% less than the $595,438,324 lost during the […]
YouTube Influencers Boost BlockDAG Appeal with $38M Presale Gain, Dominating Over XRP Holders’ Moves & Arbitrum Price Flux While XRP holders face losses and Ripple struggles at $0.55, BlockDAG‘s presale success sets it apart. Garnering $38 million and promising substantial returns, BlockDAG leverages crypto influencers’ endorsements. In particular, Oscar Ramos highlighted BlockDAG’s potential in a […]
The law enforcement agencies from Austria, Cyprus, and Czechia uncovered a cryptocurrency scam that defrauded investors out of millions early this month. This international collaboration, supported by Europol and Eurojust, led to the arrest of six Austrian suspects and the seizure of substantial crypto assets worth over EUR 500,000 and EUR 250,000 fiat currency. A […]
TL;DR In June 2024, more than $800 million in tokens will be unlocked, including Arbitrum, Aptos, and Starknet. This unlock presents opportunities and challenges for traders and investors due to potential market volatility. In addition to the main unlocks, there will be smaller but significant ones, such as Altlayer, Pixels and ApeCoin. With the arrival […]
Rashawn Russell, a former investment banker, has been sentenced to 41 months in jail for wire fraud related to a cryptocurrency and access device fraud. Russell’s sentencing took place at the Eastern New York District Court in Brooklyn after his September 2023 guilty plea. Former Banker’s $1.5 Million Crypto Fraud Prosecutors detailed that Russell began […]
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Brandt claimed that BTC’s price would fluctuate over the next 12–18 months before finally surging 230% against gold.
An infamous hacker group says it’s behind a breach at one of the world’s largest banks. The notorious group ShinyHunters says it’s responsible for a new data breach at Santander, claiming personal information from 30 million customers is now for sale. The group says the data will be sold one time to one bidder, for […]
Following the landmark news of former President Donald Trump’s conviction on 34 counts related to a hush-money scheme allegedly influencing the 2016 election, data from the Polygon-powered prediction market Polymarket shows Trump still leading in forecast bets for the 2024 election. Convicted But Leading: Trump Tops 2024 Election Predictions on Polymarket According to Polymarket, Donald […]