Bitcoin News / Bitcoinist - 2 years ago
Former CEO and co-founder of BitMex crypto exchange Arthur Hayes proposed a new stablecoin design with a value pegged to Bitcoin. He called it Satoshi Nakamoto Dollar (NUSD) or NakaDollar. The crypto community continues supporting stablecoins despite...
Bitcoin News / Bitcoinist - 2 years ago
Six executives of the Ponzi scheme AirBit Club have admitted their guilt in a fraud and money laundering scheme that allegedly bilked victims out of $100 million, according to prosecutors. On March 8, one of the founders, Pablo Renato Rodriguez, ple...
Bitcoin News / Bitcoinist - 2 years ago
On January 15, the Shiba Inu network announced the Shibarium Layer-2 solution, highlighting the benefits of the new update. However, the developers didn’t provide a specific date for the launch in the announcement. Since then, the community has been...
Bitcoin News / Bitcoinist - 2 years ago
In a recent development, a crypto investor jabbed Senator Elizabeth Warren for criticizing Silvergate bank. Warren shared a Twitter post, reacting to the recent collapse of the bank and reminding the crypto community of her earlier warnings. But the...
Bitcoin News / Bitcoinist - 2 years ago
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has once again reaffirmed the agency’s position that stablecoins should be classified as commodities and placed under its jurisdiction. At a Senate Agricultural Committe...
Bitcoin News / Bitcoinist - 2 years ago
Marathon Digital Holdings has announced the repayment of its term loan and the termination of its credit facilities with Silvergate Bank, resulting in a $50 million reduction of debt, according to a statement released on Wednesday. Hugh Gallagher, CF...
Bitcoin News / Bitcoinist - 2 years ago
Coinbase has announced the launch of a new feature that the largest exchange in the U.S. claims will attract millions of users to web3. The new product, “Wallet as a Service” (WaaS), will allow businesses to build new web3 experiences wit...
Bitcoin News / Bitcoinist - 2 years ago
Per several reports, crypto-friendly bank Silvergate will liquidate the financial institution and reduce its operations. The bank faced issues following the collapse of one of its major partners, crypto exchange FTX. Today’s announcement seems like...
Bitcoin News / Bitcoinist - 2 years ago
On-chain data shows the Bitcoin estimated leverage ratio has risen recently, a sign that a volatile move may be coming soon for the asset. Bitcoin Estimated Leverage Ratio Has Observed A Surge As an analyst in a CryptoQuant post pointed out, the open...
Bitcoin News / Bitcoinist - 2 years ago
According to a report from CoinDesk, crypto exchange Gemini lost a major partner, banking Giant JP Morgan. The report cites a person familiar with the matter, which failed to provide further details about the decision. In the past years, as the pri...
Bitcoin News / Bitcoinist - 2 years ago
According to a report from Reuters, the government of India has decided to introduce money laundering provisions in the crypto sector. The Finance Ministry released a notice on Tuesday stating that the anti-money laundering legislation shall be app...
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin once again slid below the $22,000 price level following a particularly slow start to the week. This falls in line with the previously bearish trend that was triggered after the digital asset was rejected at the $25,000 resistance. However, th...
Bitcoin News / Bitcoinist - 2 years ago
On-chain data shows that Bitcoin transactions going out of exchanges have been greater than the number of them going in since the FTX collapse. Bitcoin Exchange Withdrawals Have Been Above Deposits Recently As pointed out by an analyst on Twitter, BT...
Bitcoin News / Bitcoinist - 2 years ago
Regardless of the crypto market condition, regulators have continued to clamp down on several sectors in the crypto industry. Earlier today, the UK financial watchdog, proceeded in taking legal action against unregulated crypto ATMs in the city of Lo...
Bitcoin News / Bitcoinist - 2 years ago
Shitcoins are like fake coins that don’t work very well and can be a waste of money. And Vitalik Buterin, the co-founder of Ethereum, is aware of that. That’s why he has sold off the meme coins that were gifted to him in a move that...
Bitcoin News / Bitcoinist - 2 years ago
FTX lawyers working on the crypto exchange’s bankruptcy case billed nearly $40 million in expenses in January, according to documents filed in court. The lawyers are part of a group of legal experts hired to assist FTX in its Chapter 11 bankru...
Bitcoin News / Bitcoinist - 2 years ago
Brazil has started a pilot program for its Central Bank Digital Currency, or CBDC, becoming the latest country to experiment with the digital version of its national currency. The move is part of the country’s efforts to modernize its financia...
Bitcoin News / Bitcoinist - 2 years ago
Brad Garlinghouse, CEO of Ripple, took a swipe at the U.S. Securities and Exchange Commission (SEC) in a tweet today, reacting to recent setbacks the agency has taken since Monday. The SEC has suffered three setbacks in court this week. “ItR...
Bitcoin News / Bitcoinist - 2 years ago
Binance.US has received approval to acquire the assets of Voyager Digital, a bankrupt crypto lender, in a deal valued at more than $1 billion. The acquisition will allow Binance.US to expand its services and strengthen its position in the competitive...
Bitcoin News / Bitcoinist - 2 years ago
The long wait is over for the Shiba Inu community. The announcement for the public beta of Shibarium was made a few hours ago through the official Twitter account, which encouraged the SHIB army to stay tuned to the official social media for more det...
Bitcoin News / Bitcoinist - 2 years ago
Crypto engagement isn’t over and done with for esports org TSM. While the powerhouse esports player was in the midst of the FTX fallout late last year, TSM is still looking big picture courtesy of a new partnership announced on Tuesday. The org...
Bitcoin News / Bitcoinist - 2 years ago
The Tender.fi “white hat” hacker accused of withdrawing over $1.59 million from the Arbitrum-based decentralized finance (DeFi) lending protocol has returned the funds. A few days ago, the platform suspended lending services while attemp...
Bitcoin News / Bitcoinist - 2 years ago
The Bitcoin mining network has been gradually transitioning towards green energy. Here’s how much percentage of the network is sustainable today. 52.6% Of The Bitcoin Mining Network Is Now Using Sustainable Energy One of the most talked about c...
Bitcoin News / Bitcoinist - 2 years ago
Crypto exchange Algodex and wallet provider MyAlgo have undergone multiple security breaches over the past few weeks. Today, MyAlgo has issued another warning stating that users should withdraw their funds as the recent security breach has not been t...
Bitcoin News / Bitcoinist - 2 years ago
The crypto market remains in the bear zone, even after several months. In the last week, major coins, such as Bitcoin and Ethereum have seen a decline; for now, it’s impossible to determine the outcome in the nearest future. But certain firms a...
