106 / 255 Relevant items tagged with #Cryptocurrency
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Runes protocol sees significant decline in activity
[May 12, 2024 4:02 AM] Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last twelve days, signaling a notable decline.
Nigeria’s foreign investment at risk due to Binance bribery allegations
[May 12, 2024 2:22 AM] SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors.
Openai CEO Sam Altman Believes Processing Power Might Be the New UBI
[May 12, 2024 2:16 AM] Sam Altman, CEO of Openai, the company behind the artificial intelligence (AI) model Chatgpt, has reflected on how the new wave of universal basic income (UBI) initiatives might be organized. In an interview at the All-in podcast, Altman stated…
Nigerian Experts Say Past Central Bank Policies Drove Users to P2P Crypto Platforms
[May 12, 2024 1:10 AM] Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto trading. Nigerian authorities are…
Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’
[May 11, 2024 11:42 PM] In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing risks that could…
Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal
[May 11, 2024 9:48 PM] Ark Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking. This change marks a significant pivot from their earlier filings, which had contemplated engaging…
Veteran Trader Peter Brandt Warns of SEC’s Full-Scale Assault on Crypto Staking — ‘It’s Going to Be a Bloodbath’
Peter Schiff: Gold, Silver ‘Ready to Explode Higher’ — Sees ‘Biggest Precious Metals Bull Market in History’
Billionaire Mark Cuban Warns Gensler’s SEC Crypto Policies Could Cost Biden the Election
US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote
[May 11, 2024 1:35 PM] The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regulatory clarity in the U.S…
Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin
[May 11, 2024 10:33 AM] The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s…
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
[May 11, 2024 9:22 AM] Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating…
Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
[May 11, 2024 7:21 AM] Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3%…
NFT Sales See Week-Over-Week Decline as Market Continues to Cool
[May 11, 2024 6:39 AM] Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding…
Interpol Nigeria boosts cybersecurity with virtual asset training
[May 11, 2024 6:22 AM] The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter
[May 11, 2024 5:29 AM] In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of…
What is cryptocurrency insurance, and how does it work?
[May 11, 2024 4:38 AM] Learn how cryptocurrency insurance protects your digital assets from theft, hacks and other risks. Understand the coverage options and how this specialized insurance works.
IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar
[May 11, 2024 2:31 AM] First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the…
Anti-Crypto Mixer Blockchain Integrity Act Introduced in US House of Representatives
[May 10, 2024 11:34 PM] The Blockchain Integrity Act, a piece of legislation that seeks to put a 2-year moratorium on using cryptocurrency mixers, was introduced by U.S. Congressman Sean Casten on March 7 in the U.S. House of Representatives. Co-sponsored by Reps. Bill…
Coingecko Study: Low-Float Cryptocurrencies Make up 21.3% of Top 300 by Market Capitalization
[May 10, 2024 10:39 PM] According to the findings of a Coingecko study, low-float cryptos currently account for 21.3% of the top 300 cryptos by market capitalization. The four cryptos with the lowest float are worldcoin (WLD), cheelee (CHEEL), starknet (STRK), and saga…
India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers
[May 10, 2024 9:22 PM] Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously…
The Akash Network Phenomenon: Breaking Down Its 2400% Uptrend And Market Outperformance
[May 10, 2024 8:00 PM] Decentralized and open-source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2400% price increase year-to-date. While…
EigenLayer Launches Airdrop Season, Allowing Users To Claim 113M EIGEN Tokens
[May 10, 2024 6:00 PM] Restaking protocol EigenLayer has unveiled its highly anticipated airdrop season, during which eligible users can claim a portion of the initial EIGEN token supply. EigenLayer Sets September 2024 Deadline The protocol’s announcement on…
Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules
[May 10, 2024 5:16 PM] Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that…
Erik Voorhees Unveils New AI Platform Promising Privacy and Unfiltered Free Speech
[May 10, 2024 3:36 PM] Erik Voorhees, founder of Shapeshift, has announced the debut of Venice, an artificial intelligence (AI) application that promises enhanced privacy and unrestricted free speech. Unlike mainstream AI services, Venice is designed to operate without…
Crackdown on Crypto Investment Scam Leads to Massive Raids in Argentina: $100 Million Operation Uncovered
[May 10, 2024 2:37 PM] The detainment of two Chinese and one Argentine national involved in a $1.25 million crypto investment scam led to the discovery of a $100 million operation in Argentina. According to local reports, the investigation resulted in the raid of a…
Lightning Labs CTO Conducts First Mainnet Multi-Hop Asset Payment via Taproot Asset Channels
[May 10, 2024 11:42 AM] Olaoluwa Osuntokun, co-founder and CTO of Lightning Labs, recently executed the first successful mainnet multi-hop asset payment using Taproot Asset channels, marking a new development in asset transfer capabilities over the Lightning Network…
GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs
[May 10, 2024 10:34 AM] The U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday…
Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts
[May 10, 2024 7:43 AM] The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible…