Bitcoin transactions use an excessive amount of water, equivalent to filling a backyard swimming pool, due to the water required to power and cool the computers involved, which is concerning as many regions are already facing water shortages.
The U.S. Treasury Department has blocked Sinbad, a crypto mixing service, from the global dollar financial system due to allegations of supporting transactions linked to North Korea's hacking group, Lazarus Group.
ARK Invest CEO Cathie Wood has sold tens of thousands of shares in Coinbase while increasing holdings in Robinhood, indicating a shift in investment strategy.
The Cardano (ADA) price has been on a bullish trend since October, but it has yet to break out from a long-term resistance level, leaving traders divided on its future movement.
Wormhole, a developer platform enabling communication between different blockchain networks, has raised $225 million at a $2.5 billion valuation, attracting notable backers such as Jump Trading, Brevan Howard, Coinbase Ventures, and Multicoin Capital.
Cross-chain protocol Wormhole has raised a $225 million investment and reached a total value locked of $3.8 billion, facilitating over $35 billion in transactions since its launch in 2021.
Bioniq, a new Bitcoin Ordinals marketplace, is built on the Internet Computer blockchain instead of Bitcoin, offering faster transactions and no gas fees to traders. Users can transfer Bitcoin and Ordinals assets to Bioniq's wallet, wrap the assets on Internet Computer, and trade them without the limitations of Bitcoin's slower network. Bioniq plans to expand its features and offer borrowing options using Ordinals assets as collateral.
A new Bitcoin nonfungible token (NFT) marketplace called Bioniq aims to reduce network fees by utilizing the Internet Computer Protocol (ICP) and offers features such as smart contracts, cross-chain wallets, and an inscription tool. The platform operates on ICP's native Bitcoin integration, providing fast transaction finality times and zero gas or network fees.
Wormhole, the messaging protocol for developers across different blockchains, has raised $225 million at a $2.5 billion valuation, making it the largest funding round for a crypto project in 2023, and has formed a new company called Wormhole Labs to develop the protocol.
Footballer Cristiano Ronaldo is being sued for over $1 billion in a class action lawsuit in the US, with the plaintiffs claiming that his promotion of Binance, the largest cryptocurrency exchange, led to their loss-making investments.
Chainlink (LINK) rallied 4% today, indicating a potential recovery after a correction phase, with significant movements of aged coins and large-volume whale transactions suggesting accumulating interest and a broader market movement, while the mainnet rollout of Chainlink's native staking mechanism expands staking access and rewards to further strengthen its market position. On the other hand, Bitcoin Minetrix (BTCMTX) is attracting attention with its cloud mining concept, offering an affordable entry point and democratizing participation in Bitcoin mining with its accessible solution, potentially shifting industry paradigms and driving financial inclusion.
The Iota Ecosystem DLT Foundation, based in Abu Dhabi, has received approval from regulators and will be supported with $100 million in Iota digital tokens to focus on the growth of its distributed ledger technology (DLT) in the Middle East region and tokenize assets.
Spanish financial services giant Banco Santander has reportedly chosen digital asset management firm Taurus to safeguard its Swiss clients' Bitcoin and Ether, as the bank rolls out a new trading service for clients with Swiss accounts.
NFTs, powered by blockchain technology, have the potential to revolutionize industries such as healthcare, education, event ticketing, and the Department of Motor Vehicles by providing transparency, authenticity, and security.
Spanish banking giant Santander has selected cryptocurrency safekeeping technology firm Taurus to implement a self-custody model for digital assets.
The prices of TerraUSD Classic (USTC) and Terra Luna Classic (LUNC) have surged as positive developments indicate a revitalization of the Terra Classic network, with increased transactions and staking activity suggesting renewed interest in the ecosystem. However, sustained growth is necessary for Terra to regain its position in the competitive cryptocurrency market.
IOTA has launched a $100 million foundation in Abu Dhabi to promote the growth of its distributed ledger technology (DLT) in the Middle East, aiming to convert real-world assets into digital ones.
A planned moon mission funded by dogecoin (DOGE) has received regulatory approval and is set to launch aboard a SpaceX Falcon 9 rocket, with the satellite featuring a miniature screen displaying advertisements, images, and logos.
Bitcoin (BTC) holds steady at $38,000 as analysis warns of possible market corrections, with key U.S. macro data and a speech by the Federal Reserve's Jerome Powell potentially influencing BTC's price.
Meow, a neobank founded by Brandon Arvanaghi and Bryce Crawford, is providing financial services to startups and small businesses by offering high-interest checking accounts, T-bills, mortgages, and venture debt platforms, partnering with traditional banks to offer these services to its customers.
Germany's Bitcoin Group is taking steps to improve its internal control system after its subsidiary futurum bank was ordered by the financial regulator BaFin to address shortcomings in money-laundering and terrorist financing.
The U.K. government is urging crypto users to voluntarily disclose any unpaid capital gains or income taxes and has provided guidance on how to pay them, with penalties and potential recovery measures for non-compliance.
Charlie Munger, known for his investing success, had a witty sense of humor and expressed his disdain for crypto, referring to it as "rat poison" and "crypto shit."
A few crypto whales moved over $443 million worth of Bitcoin and Ethereum in 24 hours, including a single transaction of 2,554 BTC worth $95.6 million sent to Coinbase.
Robert Kiyosaki, author of 'Rich Dad Poor Dad,' recommends buying a Bitcoin ETF as he believes the global economy is slowing towards a possible depression.
Bitcoin surged above $38,000 as the possibility of a spot exchange-traded fund (ETF) approval and anticipated rate cuts boosted hopes, while Solana's SOL tokens led gains in the crypto market.
Charlie Munger, vice chairman of Berkshire Hathaway, passed away at 99, leaving behind a legacy of skepticism towards Bitcoin that he shared with Warren Buffett.
Soccer star Cristiano Ronaldo faces a proposed class-action lawsuit for promoting Binance-tied NFTs that allegedly facilitated investments in unregistered securities on the crypto exchange.
Ark Invest, led by Cathie Wood, has sold $5.3 million worth of Coinbase shares as the cryptocurrency exchange's stock reaches its highest level in 18 months, while also acquiring $1.2 million worth of Robinhood shares for its Ark Fintech Innovation ETF.
Standard Chartered Bank predicts that Bitcoin will reach a value of $100,000 by the end of 2024, with the approval of spot Bitcoin ETFs and the upcoming Bitcoin "halving" expected to drive the cryptocurrency's expansion.
The exploiter behind the $46 million KyberSwap hack threatens to delay negotiations for a potential return of funds unless hostilities from executives and tokenholders cease.
Digital Currency Group (DCG) and Genesis Global have agreed to a repayment plan to settle their lawsuit, with DCG set to pay $275 million to Genesis in three installments, partially in U.S. dollars and bitcoin, while also pledging Grayscale Trust shares as security.
The approval of BlackRock's Bitcoin ETF could significantly drive up Bitcoin's price due to the large amount of Bitcoin it would need to acquire, according to a leading Bitcoin author.
Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, surged following remarks by Federal Reserve Governor Chris Waller, who expressed confidence in the current Fed policy and suggested the possibility of rate cuts if inflation continues to decline. Waller's comments sparked optimism in the market and contributed to a rally in stocks.
Legendary investor Charlie Munger, known as Warren Buffett's right-hand man, has passed away at the age of 99, leaving behind a legacy of sound investment principles including investing in what you know, valuing the business before the stock, controlling emotions, and enduring market volatility.
Pika Labs has launched Pika 1.0, an AI video generation tool that aims to democratize video production by merging advanced AI capabilities with user-friendly features, allowing users to generate and edit videos in various styles through a new web experience and features like Text-to-Video and Image-to-Video conversions. With a growing community of half a million users, Pika has raised $55 million in funding and received praise from influential figures in the crypto community, indicating confidence in its vision and technology. The launch of Pika 1.0 comes at a time of growing interest and investment in AI-driven video technologies.
Crypto gaming platform Portal is planning an airdrop for its upcoming token, which users can earn by promoting the platform on Twitter and engaging with its content. The platform aims to unite different blockchain games and has garnered support from various collaborators, including Solana Labs and Polygon Labs. Portal also plans to hold a community presale for the token and is seeking accredited angel investors.
Coinbase may have to share user data with the CFTC after receiving a subpoena related to Bybit, and is working to limit the scope of the information.
Hut 8 is set to complete its merger with US Bitcoin Corp this week, creating geographic diversity and increased revenue streams for the combined business.
Solana-based play-to-earn games offer opportunities to earn tokens and stack SOL, with notable examples including Ev.io, Stepn, Aurory, Star Atlas: SAGE Labs, and DeFi Land.
Charlie Munger, vice chairman of Berkshire Hathaway and longtime business partner of Warren Buffett, has passed away at the age of 99, and throughout his life, he consistently expressed his disdain for Bitcoin and other cryptocurrencies, calling them "rat poison," "idiot booms," and "crypto crapple."
Aave's stablecoin GHO, which has struggled to maintain its value, has rallied to $0.985, thanks in part to the efforts of TokenBrice, a DeFi engineer who took over the liquidity committee and used targeted strategies on the DeFi protocol Maverick to incentivize buying support for GHO and push its price upward. The success of this approach has raised concerns about potential conflicts of interest but has also demonstrated the potential of Maverick as a solution for stablecoins.
Ripple lawyer John E. Deaton expresses concern over the declining dominance of the US Dollar (USD) as countries like the UAE shift away from using the USD for oil trades, suggesting that cryptocurrencies and stable coins could potentially play a role in the future.
Blockchain game studio Neon Machine is facing a legal battle over an alleged coup as six founders file a lawsuit against investors and private equity firms, claiming they are trying to take over the studio and jeopardize the highly-anticipated game Shrapnel.
Crypto analyst The Flow Horse is bullish on Chainlink and Solana as Bitcoin regains the $38,000 range, and predicts a potential market jump with the approval of a spot BTC exchange-traded fund.
Cryptocurrency exchange Bybit restricts use in the United States due to a subpoena from the CFTC, but it is still accessible using a virtual private network (VPN).
Coinbase shares reach their highest trading price of the year at $128.46, outperforming Bitcoin and Ethereum, while Cathie Wood's Ark Invest sells Coinbase shares and buys Robinhood shares.
As Coinbase shares reach their highest trading price of the year, Cathie Wood's Ark Invest takes profits by selling $5.3 million of its Coinbase holdings and buying $1.2 million worth of Robinhood shares.
Coinbase users have received emails stating that their information might be shared with the CFTC due to a subpoena connected to crypto exchange Bybit, although it is unclear how many customers are affected or what specific information is being requested. Coinbase is working with the CFTC to minimize the scope of data shared, and it is speculated that the subpoena may be part of a case against Bybit. The CFTC has previously taken action against crypto exchanges for various violations.
Coinbase CEO Brian Armstrong believes that the recent settlement between Binance and the U.S. Department of Justice marks a turning point for the cryptocurrency industry, allowing it to leave behind its history of bad actors, while emphasizing the importance of complying with regulations and the significance of launching a spot-bitcoin ETF.