Bitcoin

Bitcoin miner Marathon Digital found itself in the spotlight when it inadvertently mined an invalid block at height 809478 on the Bitcoin mainnet. The blunder was attributed to a transaction ordering issue, as revealed by pseudonymous Bitcoin developer and Spiral grant recipient 0xB10C. The incident underscores the intricacies and potential pitfalls of blockchain technology. At the core of the issue …

Coinbase CEO, Brian Armstrong, has called for clear, comprehensive legislation in the crypto industry, cautioning that the United States is approaching a “5G moment” for cryptocurrency. During an exclusive interview with Yahoo Finance, he emphasized that without immediate action, the US risks losing ground in a sector he perceives as pivotal. Crypto Faces Its “5G Moment” Armstrong described the current …

Following the ruling in his appeal, FTX founder Sam Bankman-Fried (SBF) and his lawyers are back with another request to the court just less than a week before his trial commences.  What Is SBF’s Request? In a letter addressed to Judge Kaplan, the Judge in charge of Sam Bankman-Fried’s case, the Defense’s lawyers have requested that the court order a …

The lawyers representing Terraform Labs and its CEO Do Kwon in the ongoing court case with the US Securities and Exchange Commission (SEC) have pushed against an extradition request of the securities regulator. In a petition submitted on September 27, the defendants are nudging the court to reject the SEC’s request to transport Do Kwon to the US for questioning …

The US Securities and Exchange Commission (SEC) is reportedly fast-tracking the launch of Ethereum futures exchange-traded funds (ETFs), with a potential trading debut as early as next week. This comes amid mounting anticipation of a possible US government shutdown. First Ethereum Futures ETF Could Launch Monday Bloomberg ETF analyst Eric Balchunas provided significant insight on this development in a tweet: …

Kraken, a regulated cryptocurrency exchange based in the United States, reportedly plans to expand beyond crypto by offering stock and exchange-traded fund (ETF) trading to clients in the United States and the United Kingdom. According to recent reports, Kraken has since created a new division called Kraken Securities to facilitate the development of this new service set for launch in 2024.  …

Binance, the world’s largest cryptocurrency exchange, has announced its full exit from Russia with a sale to a newly launched exchange. This move comes as a response to the firm’s compliance issues related to Western sanctions imposed on Russia. In August, Binance began considering an exit from the Russian markets following reports of its continued support for sanctioned Russian banks …

A recent incident involving a former CEO of a local US bank has been the latest reminder of the risks tied to the crypto world. As the industry grows despite tales of fortunes made and lost abound, this particular story paints a cautionary tale of corporate responsibility gone awry. High-Risk Crypto Investment Goes Sour Heartland Tri-State Bank, a cornerstone in …

Is the Bitcoin mining network decentralized enough? Or do the big miners control a significant part of it? Here’s what the latest data says. Public Bitcoin Miners Control Around 28% Of The Total Hashrate In a new post on X, Bloomberg Intelligence market analyst Jamie Coutts discussed how the mining industry has evolved. The first thing Coutts talked about is …

In a bipartisan effort, members of Congress from both parties have sent a strong message to Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the approval of Bitcoin (BTC) spot exchange-traded funds (ETFs) and an end to discriminatory practices.  The letters, sent before Gensler’s hearing before the House Financial Services Committee, highlight the need for fair treatment and increased …

Shiba Inu developer Kaal Dhairya confirmed renouncing the ShibaSwap governance token BONE. This action implies that the smart contract creator gives up control of the token.  Furthermore, the creator can no longer alter or manipulate the contract. Consequently, renouncing a smart contract makes it trustless and transparent, attracting more investors, some believe.  This development could likely boost the prices of …

Researchers at the Federal Reserve have delved into the world of tokenizing real-world assets (RWAs) on blockchain technology. This exploration sheds light on the transformative power of tokenization, emphasizing its potential benefits and financial stability implications. Tokenization, as elucidated in the paper, is the process of creating digital avatars, known as crypto tokens, for non-crypto assets, often referred to as …