Bitcoin News / Bitcoinist - 2 years ago
There is a new stablecoin brewing in the crypto market since last week. As things stand, the main players are Binance, Tether, USDC and Tron’s Justin Sun. While the connections are not yet clear and need further investigation, reputable researc...
Bitcoin News / Bitcoinist - 2 years ago
A group of FTX investors has filed a class action suit against FTXâs primary counsel Fenwick & West LLP, court filings reveal. According to the court document, the plaintiffs are suing the law firm for contributing to the âlargest financial fraud...
Bitcoin News / Bitcoinist - 2 years ago
The U.S. Securities and Exchange Commission (SEC) seems more than likely to approve a spot Bitcoin ETF, according to a recent report. The regulator rejected every petition for the financial instrument, but the world’s largest asset manager, Bla...
Bitcoin News / Bitcoinist - 2 years ago
In the fast-paced domain of cryptocurrencies, industry giants are constantly seeking ways to advance and adapt. San Jose-based payment platform, PayPal, has been no exception to this trend. The company’s recent introduction of its own stablecoi...
Bitcoin News / Bitcoinist - 2 years ago
Embattled cryptocurrency entrepreneur Justin Sun is currently in the news as a wallet address labeled âJustin Sunâ was recently reported to have transferred $200 million to the crypto exchange Huobi. As a result of the transfer, Huobiâs USDT reserve...
Bitcoin News / Bitcoinist - 2 years ago
Luxumberg-based cryptocurrency exchange, Bitstamp is looking to expand its global presence by broadening its reach in the European and Asian Markets. According to an August 8 Bloomberg report, the crypto exchange is raising fresh funds to support its...
Bitcoin News / Bitcoinist - 2 years ago
CoinsPaid, a cryptocurrency payments company headquartered in Estonia, has raised suspicions that the Lazarus Group, a group of hackers from North Korea, managed to breach its systems by utilizing deceptive recruiters who targeted company employees. ...
Bitcoin News / Bitcoinist - 2 years ago
Cardano has declined by 5% during the past week, but on-chain data show that large investors have only continued to buy more. Cardano Sharks & Whales Now Hold Highest Amount Since September 2022 According to data from the on-chain analytics firm...
Bitcoin News / Bitcoinist - 2 years ago
Cryptocurrency exchange Blockchain.com has been granted a payment license in Singapore, expanding its operations in Asia and the world at large. According to a press release on Monday, Blockchain.com announced it had obtained a major payment institut...
Bitcoin News / Bitcoinist - 2 years ago
Kenya has intensified its scrutiny of Worldcoin, a cryptocurrency venture managed by OpenAI’s founder, Sam Altman. Recent reports indicate that Kenyan police conducted a raid on Worldcoin’s Nairobi facility on August 7 in order to access...
Bitcoin News / Bitcoinist - 2 years ago
Circleâs CEO Jeremy Allaire has revealed that US customers only account for 30% of stablecoin USDCâs adoption. This may come as a surprise to many, considering that Circle and its USDC token have been thought to majorly be focused on the US market, e...
Bitcoin News / Bitcoinist - 2 years ago
In a significant move underscoring the growing importance of sustainable energy sources in Bitcoin mining, Singapore-based Bitdeer Technologies Group (NASDAQ: BTDR) has announced the completion of its state-of-the-art mining facility in the Kingdom o...
Bitcoin News / Bitcoinist - 2 years ago
PayPal has concluded an extended period of careful consideration, advancement, and setbacks to unveil its newly established stablecoin tied to the US dollar. The stablecoin, called PayPal USD (PYUSD), facilitates users in engaging in activities such...
Bitcoin News / Bitcoinist - 2 years ago
Stuart Alderoty, Ripple Labsâs Chief Legal Officer, took to Twitter to voice concerns over potential conflicts of interest involving former SEC official, Bill Hinman. Alderoty tweeted, “Crypto critic/x-SEC official John Reed Stark says there sh...
Bitcoin News / Bitcoinist - 2 years ago
Santiment, a blockchain analytics firm, shows that Chainlink’s development activity has been rapid since late May 2023. A metric that tracks the continuous enhancement of Chainlink, a blockchain-agnostic platform that links decentralized apps (...
Bitcoin News / Bitcoinist - 2 years ago
Over two years since Ethereum merged its proof-of-work layer with the proof-of-stake Beacon Chain via “The Merge,” the network has burned over half of all ETH issued. Ultra Sound Money data on August 7 shows that out of the over 6.5 milli...
Bitcoin News / Bitcoinist - 2 years ago
In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD. This development comes shortly after the House Financial Services Commi...
Bitcoin News / Bitcoinist - 2 years ago
Data shows the Litecoin mining hashrate is approaching a new all-time high, despite miners earning half the rewards since the halving. Litecoin Mining Hashrate Is Close To Setting A New All-Time High Like Bitcoin, Litecoin is a proof-of-work (PoW) ne...
Bitcoin News / Bitcoinist - 2 years ago
According to a recent report by CNBC, the United States Securities and Exchange Commission (SEC) is rapidly approaching a key deadline for making a ruling on ARK’s application for a Bitcoin (BTC) Spot Exchange Traded Fund (ETF). With the globa...
Bitcoin News / Bitcoinist - 2 years ago
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Bitcoin News / Bitcoinist - 2 years ago
Dogecoinâs popularity seems to be growing nonstop as the meme coin has now made its way into popular culture. The digital assetâs recent performance on the popular animated show Futurama outlines the far reach of this cryptocurrency which was created...
Bitcoin News / Bitcoinist - 2 years ago
The allure of altcoins and their incredible returns when crypto is bullish keeps investors buying the high beta assets. This comes with higher levels of risk and volatility. The altcoin market appears to be possibly be ready for final capitulation, a...
Bitcoin News / Bitcoinist - 2 years ago
In a surprising turn of events, the NFT community seems to have gotten a reprieve from NFT thefts following a report by Peckshield which revealed that NFT thefts have dropped by 31% in July. NFT Thefts on The Decline Non-fungible tokens (NFTs) have...
Bitcoin News / Bitcoinist - 2 years ago
Binance, the largest crypto exchange in the world, just released its latest report for its reserves. Following the FTX liquidity issue debacle, crypto exchanges have periodically published reports of their reserve holdings to address investor concern...
Bitcoin News / Bitcoinist - 2 years ago
Curve Finance witnessed a hack attack that drained over $61 million from its Vyper-based liquidity pools on July 30. The report revealed the attacker leveraged a vulnerability in Curveâs Vyper 0.2.15 reentrancy lock. After the hack, the protocol offe...
