Search
Canada crypto exchanges get more time for stablecoin compliance
27.9.2024
Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said
Canada crypto exchanges get more time for stablecoin compliance
27.9.2024
Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said
Crypto exchanges subject to EU Travel Rule in 6 months
5.7.2024
New EU regulations mandate crypto exchanges to comply with Travel Rule Guidelines, enhancing AML/CFT measures starting Dec. 30
Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product
14.3.2024
ASIC filed a case against Finder Wallet in Dec. 2022 alleging that the Finder’s Earn product offered a debenture without a disclosure document.
The post Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product appeared first on Cryptonews
Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears
20.1.2024
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with a single exception occurring when it briefly fell...
Bitcoin’s Hashrate Hits Record 549 EH/s in Early 2024 Amid Rising Difficulty and Lower Hash Price
7.1.2024
As the first week of 2024 concluded, Bitcoin’s hashrate shattered another lifetime high on Jan. 6, achieving an unprecedented 549 exahash per second (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a low of 510 EH/s, it rebounded amidst a declining hash price...
Crypto Exchanges Witness Bitcoin Deposit Boom Amidst Ethereum Retreat
4.1.2024
According to recent data, in the past month, the quantity of bitcoin residing in centralized cryptocurrency exchanges surged by 32,058 bitcoin. Concurrently, the ethereum reserves on these exchanges have diminished, with 262,904 ether, valued at $597.42 million, being withdrawn from trading...
New Year’s Eve Sees Bitcoin Network Break Daily Transfer Record With Over 731,000 Transactions
1.1.2024
As 2023 drew to a close on New Year’s Eve, the Bitcoin network eclipsed yet another record by verifying a significant 731,351 transactions in a single day. This achievement outstripped the previous high set on Dec. 24, 2023, or Christmas Eve, where miners confirmed a total of 723,459...
Cryptocurrency Miner Kidnapped for Ransom in Russia
1.1.2024
In Izhevsk, Russia, a 23-year-old bitcoin miner was forcefully abducted from his residence as kidnappers demanded a ransom of 15 million rubles ($166,000). 23-Year-Old Russian Bitcoin Miner Kidnapped for Ransom On Dec. 25, in a rapid sequence of events, it was reported that the crypto miner...
5 Mining Pools Dominated in 2023, Discovering Over 84% of Bitcoin’s Blocks
31.12.2023
Over the past year, statistics reveal that 54,002 bitcoin blocks have been mined from Dec. 30, 2022, to Dec. 30, 2023. Leading the industry this year, Foundry USA topped the charts by mining 16,492 blocks in the past 12 months. Additionally, miners navigated through a total of 27 difficulty...
DOJ Halts Second Trial Against FTX’s Bankman Fried, Citing Sufficiency of Initial Evidence and ‘Public Interest’
30.12.2023
On Dec. 29, 2023, past 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) conveyed in a letter to Judge Lewis Kaplan its decision to not move forward with a subsequent trial against Sam Bankman-Fried, the ex-CEO of FTX. FTX’s Bankman Fried Avoids Second Trial According to several...
CAKE Token Supply Cut — Pancakeswap Community’s Decisive Vote Spurs Market Surge
29.12.2023
The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE, decreasing the total supply from 750 million to...
Defi Platform Levana Protocol Says $1.14 Million Was Lost During an ‘Oracle Attack’
29.12.2023
The decentralized finance platform Levana Protocol confirmed on Dec. 27 that unknown attackers had drained approximately $1.14 million from the liquidity pool. The Levana team however insisted that the issue has “been fixed and opening positions will relaunch next week.”...
FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings
28.12.2023
On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual who held bitcoin on FTX would receive $16,871...
Ethereum Technical Analysis: Ether Bulls Clench the Reins and Charge Toward Resistance
27.12.2023
Ethereum’s market behavior on Dec. 27, 2023 presents a complex tapestry of signals for traders and investors alike. Oscillating within a 24-hour price range of $2,189 to $2,290, Ethereum demonstrated a consolidation phase, subtly hinting at both potential gains and imminent cautions. As...
KyberSwap’s CEO Says Staff Strength Reduced by 50% Following Exploit and Related Challenges
27.12.2023
Source: KyberSwap KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected users with their assets. In a Dec 25 post, the CEO took to X (formerly Twitter) to explain...
SEC Sets Deadline for Spot Bitcoin ETF Applicants — 3 Days Left to Update Filings for Early January Decision
27.12.2023
The U.S. Securities and Exchange Commission (SEC) has reportedly set a deadline of Dec. 29 for spot bitcoin ETF applicants to finalize their filing amendments. According to reports, the SEC has told spot bitcoin ETF issuers that applications that are fully updated and filed by this Friday will...
Bitcoin Closes 2023 With 27 Dynamic Difficulty Adjustments, Netting a 74% Rise in Mining Challenges
27.12.2023
Three days ago, on Dec. 23, 2023, Bitcoin marked its 27th and final difficulty adjustment for the year. This year witnessed 27 shifts in epochs, with the most substantial one on Jan. 15 at block 772,128, seeing a surge in network difficulty by 10.26%. Bitcoin’s Year: 20 Ups, 7 Downs Total...
ORDI’s Record Rally — Leading the Charge in Bitcoin’s BRC20 Token Boom
26.12.2023
On Dec. 26, 2023, the Bitcoin-based BRC20 token, ORDI, soared to a record $81.34 per coin before declining over 14% from its peak. BRC20s have emerged as significant players in the crypto asset arena, with several tokens mirroring ORDI’s trajectory. Bitcoin’s BRC20 Token ORDI Peaks...
zkSync Era Resolves Network Glitch Triggered by Automated Safety Check
26.12.2023
Source: zkSync The zkSync development team recently addressed and resolved a network glitch in the zkSync Era platform with “no funds at risk,” according to a post by zkSync Development. The network glitch in the zkSync Era platform occurred on Dec. 25 at 05:50 UTC, as reported by the development...