New Crypto to Watch: 99Bitcoins Token Raises $1M and is Offering $99K BTC Airdrop
Every once in a while, a new crypto project makes investors sit up and pay attention. That’s exactly what’s happening with 99Bitcoins Token (99BTC) right now. The project has raised over $1 million in funding so far – and the development team…
TRUMP and BODEN Coins Soar Following Trump’s Crypto Endorsement and Critique of Biden
Following the recent crypto endorsement by former U.S. President Donald Trump, and his criticism of current President Joe Biden, the value of the two meme coins linked to these political figures — TRUMP and BODEN — have significantly increased over…
The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since…
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Trump Attacks Biden’s Crypto Awareness, Says ‘Biden Doesn’t Even Know What It Is’ at NFT Gala
Former U.S. President Donald Trump convened with enthusiasts of his non-fungible tokens (NFT) collection on Wednesday and announced to the audience his decision to accept cryptocurrency for campaign contributions. Trump also shared with the group…
Genesis Digital Assets to Launch Flare Gas Powered Bitcoin Mining Site in Argentina
Genesis Digital Assets, a leading digital miner, has partnered with YPF Luz, an Argentine power company, to receive power from a flare gas installation to operate a bitcoin mining site in Argentina. The data center facility, in the Bajo del Toro…
Bank of Thailand Tests Potential of a Retail CBDC, the Digital Baht
The Bank of Thailand (BOT) has released a report on its Retail Central Bank Digital Currency (CBDC) pilot project, conducted using Giesecke+Devrient’s (G+D) technology solution. The project tested the digital version of the Baht and its potential…
Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge
Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss of $0.4 million from the same period last year, driven by an…
Macquarie Bank to Go Cashless as the Banking Sector Shifts to Digital-Only in Australia
Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its office branches starting this month. The move comes as the bank goes cashless, and transitions to digital payments…
Revolut Launches Stand-Alone Crypto Trading Platform in the UK
Revolut, the London-based fintech firm, has announced the launch of a new product, Revolut X. This stand-alone crypto exchange is specifically designed for professional crypto traders and marks a major step in the company’s expansion into the…
Optimism Stack Update: OP to Support Layer Three With Funding, Features, and Revenue Sharing
Ethereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three applications on top of its OP Stack, aiming to foster a Superchain network where Layer threes can build and share revenue with…
Ghana Postal Company Launches ‘Crypto Stamp’ to Mark Ascension of Traditional Ghanaian Ruler
The Ghana Post Company recently launched what it termed the first-ever crypto stamp to commemorate the 25th anniversary of the reign of a ceremonial ruler in Ghana. The managing director of the Ghana Post Company asserted that the crypto stamps…
Rwandan Research Paper Recommends CBDC With ‘Partial Pseudo-Anonymity’
A recent research paper from the National Bank of Rwanda recommends a two-tier, universal, zero-interest central bank digital currency (CBDC) with partial pseudo-anonymity. Although the research paper identifies 15 opportunities for CBDC, only four…
Crypto Wallet Firm Exodus Faces Unexpected Setback in NYSE Uplisting Plan
Exodus Movement, a crypto wallet company, announced that its planned listing on NYSE American will not proceed as scheduled due to the U.S. Securities and Exchange Commission (SEC) still reviewing its registration statement, despite the statement…
Tokyo-Based Crypto Exchange Coincheck to List on Nasdaq Through Merger
Coincheck, a Japanese cryptocurrency exchange, has made a public filing to list Coincheck Group B.V. on Nasdaq through a De-SPAC transaction with Thunder Bridge Capital Partners IV Inc. This follows an earlier announcement from March 22, 2022…
Crypto Derivatives Exchange Bitmex Ventures Into Options Trading
On Wednesday, the cryptocurrency exchange and derivatives trading platform Bitmex declared its introduction of new trading options. Users now have the opportunity to engage in a broad selection of crypto options, which are margined in bitcoin…
Standard Chartered: Second Trump Term Would Be ‘Broadly Positive’ for Crypto
Standard Chartered Bank predicts that a second term for the Trump administration would create a favorable regulatory landscape, leading to a positive outlook for the crypto sector. The bank has revised its forecast citing improved market sentiment…
Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities
Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated…
ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’
Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening…
Vaneck Introduces Meme Coin Tracking With ‘MEMECOIN’ Index
The investment management firm Vaneck has expanded into the meme coin sector with the launch of its new Marketvector meme coin index, “MEMECOIN.” This index, available through Marketvector Indexes—a company focused on digital assets and…
Binance CEO Says Nigeria’s Detention of Employee on ‘Spurious’ Charges Sets ‘Dangerous Precedent’
Binance CEO Richard Teng has warned that Nigeria’s decision to invite and subsequently detain mid-level employees on what he calls “spurious” charges sets “a dangerous precedent for companies worldwide.” Teng stated that…
Ethereum Proposal by Vitalik Buterin Introduces Advanced Account Abstraction Features
A new Ethereum Improvement Proposal, EIP 7702, spearheaded by Vitalik Buterin and fellow collaborators, aims to refine account abstraction on the Ethereum network, enhancing quantum resistance and compatibility with existing standards. EIP 7702…
Grayscale Withdraws Ethereum ETF Proposal Amid Skepticism Over SEC Approval
Grayscale has retracted its application to list its ethereum trust, known as ETHE, as detailed in a filing with the U.S. Securities and Exchange Commission. James Seyffart, a Bloomberg analyst specializing in exchange-traded funds (ETF), expressed…
Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains
Following two days of positive inflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $15.7 million exiting on Tuesday. Grayscale’s Bitcoin Trust (GBTC) saw $29 million leave during the day’s trading…
Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate…
As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to $64,413, with a trading volume of $17.91 billion and a market capitalization of $1.22 trillion. Despite a decline of 2.1%…
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the relocation of its proprietary miners, which were…
GoMining Secures Bitscale Capital Backing to Accelerate Its NFT-Based Bitcoin Mining Operation
PRESS RELEASE. British Virgin Islands / Wednesday / GoMining, the infrastructure company easing access to Bitcoin mining with its Liquid Bitcoin Hashrate protocol, has raised $3 million through a direct investment from Bitscale Capital, a top…
Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes
Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this…
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax…
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