Search
Developer Says Ordinals Are Exploiting a “Vulnerability” to Spam Bitcoin Network, Proposes Bug Fix
6.12.2023
Image Source: Pixabay Bitcoin Core developer Luke Dashjr has proposed a bug fix to potentially alleviate the network congestion caused by new Ordinals and BRC-20 tokens. In a recent post on X (formerly Twitter), Dashjr claimed that these tokens are taking advantage of a vulnerability within...
IBM Unveils New Cold Storage Technology for Enhanced Crypto Asset Security
6.12.2023
Source: DALL·E IBM has announced the release of latest technology designed to enhance the security of cold storage for digital assets, aiming to revolutionize the way cryptos are managed and protected. The IBM Hyper Protect Offline Signing Orchestrator (OSO) is specifically developed to overcome...
Bitcoin Ordinals Token Tap $1 Billion Market Cap as BTC Moves Past $43,500
6.12.2023
Source: Pixabay / Michael Wuensch Bitcoin (BTC) has recorded a massive uptick in the past week surging above 14% as the wider market rebounds igniting bullish sentiments hinged on several factors. The refueled rally of the market leader comes on the heels of increased network activity pushed by...
Cathie Wood’s Ark Capitalizes on Bitcoin Rally, Sells Millions in Coinbase and GBTC Shares
6.12.2023
Source: Adobe Stock Cathie Wood’s Ark Invest is capitalizing on the recent surge as it offloaded millions of Coinbase and Grayscale Bitcoin Tryst shares when the leading crypto surpassed the $44,000 threshold. On Tuesday, the investment firm led by Wood sold over $33 million worth of Coinbase...
Crypto Mining Firm Phoenix Shares Surges 50% on Abu Dhabi Debut
6.12.2023
Source: Adobe Phoenix Group Plc, an Abu Dhabi-based Bitcoin mining and colocation service provider, has reported a significant 50% surge in shares. The company announced Sunday, its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), slated for December 5th. The event marked...
Hong Kong Monetary Authority Set to Launch Second Tokenized Green Bond in Coming Months
6.12.2023
Source: iStock/Onfokus The Hong Kong Monetary Authority (HKMA) is gearing up to introduce its second tokenized green bond, expected to be unveiled within the next few months. The government authority aims to leverage blockchain technology for increased efficiency and transparency in the redemption...
Japan to Exempt Companies From Unrealized Crypto Gains Tax – Report
6.12.2023
Source: Pixabay Japanese lawmakers discussed Tuesday on plans to exempt companies from paying tax on unrealized cryptocurrency gains. The proposal is set to be included in the fiscal 2024 tax reform plan. According to a Nikkei report, the proposal is being discussed by the country’s ruling...
Bitcoin Futures Open Interest on CME Hit $5 Billion
6.12.2023
Source: Adobe Stock Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) – has seen a spike rising from $2.20 billion on September 30th to $5.09 billion today, according to data from Glassnode. The rise in open interest is due to bitcoin’s ongoing uptrend to $44,400 on Tuesday...
Dogecoin Surges 10% in a Day as Popular Meme Coin Celebrates 10th Anniversary
6.12.2023
Source: AdobeStock / bizoo_n Dogecoin (DOGE) has gained more than 10% over the past day as the cryptocurrency celebrates its tenth anniversary, marking a decade since its inception. At the time of writing, the popular meme coin is trading at $0.09909, up by 10% over the past 24 hours, according...
SEC Delays Decision on Grayscale’s Spot Ethereum ETF Until January 2024
6.12.2023
Source: Pixabay / vjkombajn The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale‘s application for its spot Ethereum exchange-traded fund (ETF), extending the review period with a new deadline set for January 2024. According to the SEC’s latest filing,...
South Korean Customs Service Swoops on Int’l ‘USDT-Gambling Ring’
6.12.2023
Source: Tatyana Maksimova/Adobe South Korean law enforcers are continuing to crack down on crypto-powered crime, with customs officials shutting down a suspected international gambling ring that used USDT. According to the broadcaster KBS, officers arrested seven people in raids, with one remanded...
Korean Won Overtakes Dollar as Top Fiat Trading Pair Amid Recent Bitcoin Rally: Report
6.12.2023
Source: Pexels South Korean crypto traders are emerging as key influencers in driving Bitcoin price up by over 50%, reaching its highest price level in two years. As per data compiled by CCData for November, Korean won surpassed the dollar, becoming the largest fiat trading pair in crypto for...
Dogecoin Price Prediction as DOGE Hits 8 Month Highs on Elon Musk’s Plans to Raise $1 Billion for X.AI – Can DOGE Hit $1?
6.12.2023
Source: Pexels Dogecoin (DOGE), the first major meme cryptocurrency that powers the decentralized layer-1 Dogecoin blockchain, hit eight-month highs above $0.095 on Tuesday, with sentiment rising on the news that Elon Musk’s X.AI company is set to raise $1 billion via an equity offering, as per...
Belarus Wants to Use Its CBDC to Evade Sanctions
6.12.2023
Source: christophe/Adobe Belarus wants to accelerate the launch of its CBDC as it looks to evade US and EU-led sanctions and let its firms trade with international partners. Per Belarus’ Ekonomicheskaya Gazeta, President Alexander Lukashenko could issue a CBDC-related verdict in the coming days....
Lead Glassnode Analyst Expects Bitcoin Pump to “Correct” After Rally to $44k
6.12.2023
Source: prokop.photo/Adobe Can Bitcoin (BTC) sustain its bullish price momentum this week? Not for long according to James Check – lead on-chain analyst at Glassnode. The leading cryptocurrency exploded to $44,400 on Tuesday, marking a new yearly high up 16.5% from 7 days prior. Yet despite...
Ripple CTO David Schwartz Accuses SEC of Mishandling Debt Box Case
5.12.2023
Source: YouTube/UNCHAIN Convention Ripple’s Chief Technology Officer (CTO), David Schwartz, recently criticized the US Securities and Exchange Commission (SEC) via his official X (formerly Twitter) handle, alleging questionable illegal activities in the Debt Box case. I've just read over...
NYDFS Not Afraid to Take Legal Actions Against Defaulting Crypto Companies: Superintendent Harris
5.12.2023
Source: YouTube/Financial Technology Association The momentum of cryptocurrency regulation in the United States continues to intensify, with the New York Department of Financial Services (NYDFS) asserting its readiness to call out defaulting businesses. Speaking at a Financial Times (FT) event...
Crypto Firms Should Use Binance’s Settlement As a “Template” For How to Operate, Says CFTC Commissioner Kristin Johnson
5.12.2023
Source: Pixabay Binance’s $4.3 billion fine from the Commodity Futures Trading Commission should be used as a “template” for how to operate, CFTC Commissioner Kristin Johnson said. Speaking at the Financial Times’ Crypto and Digital Assets Summit: Winter Edition on Tuesday, Johnson asserted that...
Web3 Firm Thirdweb Finds Major Vulnerability In Smart Contracts
5.12.2023
Source: Pixabay Web3 developer Thirdweb has disclosed a security vulnerability that has the potential to affect a range of smart contracts within the Web3 ecosystem. In an X post on Monday, the firm notified its followers that it had found a vulnerability in a commonly used open-source library that...
Solana’s BONK Token Hits Record High Amid Crypto Surge
5.12.2023
Source: video screenshot / YouTube / BONK The Solana-based meme coin BONK is continuing to surge in the market, hitting an all-time high with a market capitalization close to $420 million on Tuesday. According to data from CoinGecko, the token had risen more than 21% just in the last 24 hours...