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Jack Dorsey’s Block Announces Mining Development Kit For Novel Bitcoin Mining Use Cases
[Mar 7, 2023 1:40 PM] The development kit is envisioned as having multiple components that would enable increase the accessibility and openness of bitcoin mining hardware.Jack Dorsey’s Block has posted a new blog that details the Mining Development Kit, a new project…
Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million
[Mar 7, 2023 12:30 PM] Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions…
Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC
[Mar 7, 2023 12:26 PM] DC Circuit judges hammered the SEC’s lawyers as they defended their decision to not approve Grayscale’s move toward a spot bitcoin ETF.Grayscale Investments LLC participated in oral arguments on Tuesday in the United States Court of Appeals for the…
Swiss Bitcoin App Relai Raises $4.5 Million Led By Jeff Booth’s Ego Death Capital
[Mar 7, 2023 10:19 AM] The funding will be used to expand the platform's retail Bitcoin on-ramp in Europe, add zero-fee trading, support for Lightning and more.Relai, a Swiss non-custodial bitcoin platform, has announced a $4.5 million funding round led by Ego Death…
Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders
[Mar 7, 2023 9:00 AM] FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that…
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
[Mar 7, 2023 2:30 AM] Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages…
Spain a Hotbed for Cryptocurrency Real Estate Deals, According to Study
[Mar 6, 2023 11:30 PM] A recent study indicates that Spain is one of the hottest countries regarding real estate offerings that can be paid with cryptocurrency. The report, prepared by Forex Suggest, found that Spain is the country with the most properties available for…
Ripple Survey Suggests Latam Merchants Will Adopt Crypto Payments Massively After Three Years
[Mar 6, 2023 5:30 PM] Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment…
FTX Debtors Sue Grayscale Investments And Its Executives
[Mar 6, 2023 4:00 PM] Grayscale’s CEO as well as owners Digital Currency Group and Barry Silbert allegedly violated trust agreements, according to the lawsuit.Alameda Research Ltd., the hedge fund belonging to disgraced ex-billionaire Sam Bankman-Fried, is suing…
Terawulf Brings First Fully Nuclear-Powered Bitcoin Mining Operation In America Online
[Mar 6, 2023 11:33 AM] A joint venture with Cumulus Coin, LLC. has brought the first nuclear-powered Bitcoin mine online in Pennsylvania.Terawulf has announced roughly half of its nuclear-powered Nautilus Cryptomine has come online. The mining facility, a joint venture…
Brazilian Tax Authority Numbers Reveal Cryptocurrency Market Recovery in January
[Mar 6, 2023 12:30 AM] Numbers from the Brazilian tax authority indicate that the cryptocurrency market experienced a resurgence in January, with trading increasing more than 10% compared to December. Tether’s usdt is still the currency that moves the most volume…
US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access
Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
Galaxy Digital Report Predicts Bitcoin NFT Market Could Reach $4.5 Billion by 2025
[Mar 4, 2023 11:00 AM] As the number of Bitcoin-based Ordinal inscriptions nears the 300,000 mark, Galaxy Digital’s research team published a report on the subject that says the market size of non-fungible tokens (NFTs) built on Bitcoin could reach $4.5 billion…
FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation
[Mar 3, 2023 4:30 PM] On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as…
Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday
[Mar 3, 2023 2:00 PM] According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin…
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
[Mar 3, 2023 11:30 AM] On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline…
Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership
[Mar 2, 2023 4:30 PM] On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is…
U.S. Treasury Introduces CBDC Working Group, Discusses Potential Routes For Digital Dollar
[Mar 2, 2023 3:04 PM] The Treasury’s statements explore the potential forms and implementations of an American CBDC.The U.S. Department of the Treasury has released comments from Undersecretary for Domestic Finance Nellie Liang on the “Next Steps to the Future of Money…
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
HSBC, Nationwide Banks Crack Down On Bitcoin And Crypto Access
[Mar 2, 2023 1:45 PM] Two of the U.K.’s largest banks have imposed further restrictions on their customers’ ability to acquire cryptocurrencies.British banks have continued to crack down on their customers' cryptocurrency purchases. According to a Bloomberg report…
Binance Announces Support For New African Currencies Without Third Parties
[Mar 2, 2023 1:30 PM] Users from Liberia, Sierra Leone and more can now directly utilize their local currencies to buy and sell bitcoin through Binance P2P.Cryptocurrency platform Binance has announced that its peer-to-peer (P2P) marketplace will now support more…
Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits
Xapo Bank Becomes First Bank To Offer Bitcoin Lightning Payments
[Mar 2, 2023 11:46 AM] Xapo is partnering with Lightspark to allow its customers to send bitcoin near-instantaneously to any vendor who accepts BTC over Lightning.Gibraltar-licensed private bank Xapo Bank has partnered with Lightspark, the startup spearheaded by former…
Jack Dorsey’s TBD Announces New Bitcoin Lightning Service Provider C=
[Mar 2, 2023 10:00 AM] Lightning node operators can connect to TBD and Block’s new Lightning infrastructure starting today.TBD, a Bitcoin-focused subsidiary of Jack Dorsey’s Block, has announced a new Lightning Network business called c=.The purpose of the company is to…
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
[Mar 2, 2023 9:30 AM] On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech…
Over 20,000 Ukrainians Sign Up for Free Course on Crypto, Official Says
[Mar 2, 2023 6:30 AM] Crypto classes organized for Ukrainians have begun on a government-run portal, a minister announced. More than 20,000 people have registered for the educational course in the war-torn country which maintains an objective to become “the best crypto…
Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report
[Mar 2, 2023 1:00 AM] Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the…
Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run
[Mar 1, 2023 5:30 PM] On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named Bicasso, and CZ said the beta version dropped…