Bitcoin News / Bitcoinist - 2 years ago
In a turn of events that has sounded alarms in the crypto community, Coinbase warned that it has observed a single mining pool, ViaBTC, controlling 53.8% of the Zcash network hash rate. The cryptocurrency exchange promptly took precautionary actions...
Bitcoin News / Bitcoinist - 2 years ago
One of the leading decentralized finance (DeFi) protocols, Balancer Protocol – an Ethereum-based automated market maker (AMM), has recorded the second hack in less than a month. In the ongoing hack, cybercriminals have hijacked the front-end we...
Bitcoin News / Bitcoinist - 2 years ago
In a recent development, Tether’s Chief Technology Officer (CTO) Paolo Ardoino has clarified the recent transaction that occurred in Tether’s treasury. 1 Billion USDT Authorized Not Issued In a tweet shared on his X (formerly Twitter) platform, Ardoi...
Bitcoin News / Bitcoinist - 2 years ago
In the world of crypto regulation, Germany’s financial watchdog, the Federal Financial Supervisory Authority (BaFin), is taking on the role of an air traffic controller. Rupert Schaefer, a notable presence at BaFin, has garnered attention by dr...
Bitcoin News / Bitcoinist - 2 years ago
In a fresh twist to the ongoing exploration of sidechain possibilities, Botanix Labs recently released a proposal for Spiderchain, a new layer 2 protocol for Bitcoin. With the community’s attention largely directed towards Drivechains, Jameson...
Bitcoin News / Bitcoinist - 2 years ago
In a recent development, one of the US most prestigious universities, Stanford, has agreed to return all donated funds from the defunct crypto exchange FTX following a lawsuit to recover them. Why Stanford Is Returning FTX Donations According to an...
Bitcoin News / Bitcoinist - 2 years ago
In a meticulous and comprehensive analysis shared on X, prominent analyst Will Clemente delved deeply into Bitcoin’s current stance against the prevailing macroeconomic landscape, connecting broad fiscal trends with the future trajectory of the...
Bitcoin News / Bitcoinist - 2 years ago
Stablecoin issuer Circle has launched the USD Coin (USDC) on the Polkadot network, expanding the token’s native operations to 14 blockchain networks, including Ethereum, Solana, Avalanche, etc. According to a blog post by Circle on September 19, all...
Bitcoin News / Bitcoinist - 2 years ago
Billionaire Elon Musk, a Dogecoin supporter, has seemingly been on a journey to eliminate bots from the X (formerly Twitter) platform after acquiring it back in 2022 for $54 billion. With multiple measures already put in place still not efficiently r...
Bitcoin News / Bitcoinist - 2 years ago
Unreal Engine, a development framework for deploying interactive 2D and 3D content by Epic Games, has integrated LUKSO’s mainnet and standards in their recently enhanced Blockchain integration plugin, according to a September 19 tweet. The tool curre...
Bitcoin News / Bitcoinist - 2 years ago
Nigeria, Africa’s most populous nation, has witnessed a burgeoning interest in digital currencies. According to a report, Nigeria’s recent spike in crypto usage can be attributed to economic conditions and the nation’s youth-driven...
Bitcoin News / Bitcoinist - 2 years ago
In a dramatic turn of events, the legal representatives of Joe Bankman and Barbara Fried, parents of crypto mogul Sam Bankman-Fried (SBF), have vigorously responded to FTX’s lawsuit against them. According to a report from The Block, the legal...
Bitcoin News / Bitcoinist - 2 years ago
The rise of cryptocurrencies and the continued acceptance of these tokens as a medium of exchange led to the emergence of a number of crypto gambling sites in a gambling industry that had already experienced significant growth over the last few decad...
Bitcoin News / Bitcoinist - 2 years ago
In a recent blow to the US Securities and Exchange Commission (SEC), a federal magistrate judge has rejected the regulator’s request for immediate access to Binance.US’s software. The decision comes as part of the ongoing case between the SEC...
Bitcoin News / Bitcoinist - 2 years ago
Data shows the Bitcoin mining hashrate has set a new all-time high recently, forcing the network to up its difficulty by about 5.5%. Bitcoin Mining Hashrate Has Observed A Strong Surge Recently The “mining hashrate” refers to the total am...
Bitcoin News / Bitcoinist - 2 years ago
The FTX saga continues to unfold almost one year after the crypto exchange first filed for bankruptcy. With the year 2023 already seeing moves being made to prosecute founder Sam Bankman-Fried and make creditors whole, the crypto exchange has made a...
Bitcoin News / Bitcoinist - 2 years ago
Thailand’s Revenue Department has unveiled its plans to impose personal income tax on the foreign earnings of residents. According to reports, this proposed tax policy has specific targets in the population, including crypto traders who reside in the...
Bitcoin News / Bitcoinist - 2 years ago
Since its anticipated launch on August 16, the Shiba Inu Layer 2 solution, Shibarium, has been under the spotlight, facing a mix of challenges and milestones. The platform, shortly after its launch, encountered an unexpected halt in block production...
Bitcoin News / Bitcoinist - 2 years ago
FTX lawyers have been making moves regarding lawsuits against crypto influencers and celebrities hired to promote the exchange during the height of its operations. However, the exchange looks to be finding other ways out of these legal disputes by ch...
Bitcoin News / Bitcoinist - 2 years ago
Ethereum layer-2 scaling solution Optimism has announced a new airdrop of OP tokens worth $26 million to active governance participants. This airdrop tagged Airdrop 3 marks the third round and will distribute 19.4 million OP tokens to 31,000 unique...
Bitcoin News / Bitcoinist - 2 years ago
TikTok, the wildly popular video-sharing platform, is currently grappling with an onslaught of fraudulent cryptocurrency giveaways that prey on users’ trust in themes related to Elon Musk, his electric vehicle and aerospace companies SpaceX and...
Bitcoin News / Bitcoinist - 2 years ago
Pro-Crypto US SEC Commissioner Hester Pierce has urged crypto firms not to back down in the push for regulatory clarity amidst the US Securities and Exchange Commission’s (SEC) continued clampdown on several notable digital asset companies. Regulato...
Bitcoin News / Bitcoinist - 2 years ago
Anticipation builds in both the traditional financial as well as Bitcoin and crypto sectors as the Federal Reserve’s FOMC rate decision looms this Wednesday at 2:00 pm ET. Federal Reserve Chair Jerome Powell will address the public, shedding li...
Bitcoin News / Bitcoinist - 2 years ago
With a market valuation of almost $520 billion and a current price of $26,690, Bitcoin has reclaimed the limelight. It now accounts for more than half of the entire cryptocurrency market. This turning point is important because it occurs at a time wh...
Bitcoin News / Bitcoinist - 2 years ago
In a notable development, the New York Department of Financial Services (NYDFS) has undertaken a substantial revision of its virtual currency framework, resulting in XRP, Dogecoin, Litecoin, among others being removed from the state’s “...
