Altcoin News

The evolution of funding: From utility to equity tokens

• by admin
• January 11, 2024

The shift from utility to equity tokens in Web3 has the potential to open new paths for blockchain funding. Web3 projects are increasingly turning to equity tokens as a more secure and transparent way to raise capital. Brickken, a tokenization solution provider, is simplifying the process of issuing equity tokens, making it easier for projects […]

Altcoin News

Celsius files intent to claw back certain pre-bankruptcy withdrawals

• by admin
• January 10, 2024

The embattled crypto lender has filed an intent to claw back funds from those who withdrew $100,000 or more in the three months before it declared bankruptcy. Creditors of the bankrupt crypto lender Celsius that withdrew large sums from the platform before it declared bankruptcy may be required to return part of those funds or […]

Altcoin News

US senators seek Gary Gensler’s report on X breach, deadline Monday

• by admin
• January 10, 2024

Senators J.D. Vance and Thom Tillis raised concerns about the Commission’s internal cybersecurity procedures while demanding clarity on the incident. Two United States senators are calling on the United States Securities and Exchange Commission (SEC) to provide a report to Congress about the Jan. 9 breach of its X (formerly Twitter) account.  In a same-day […]

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Curve Finance debt will cause ‘one more stress test’ in February — Analyst

• by admin
• January 9, 2024

X user DeFi Made Here claimed that Curve still contains a “systemic risk” that could compromise its entire ecosystem. The systemic risk that lies at the heart of the Curve Finance protocol has not been completely resolved, and the protocol will face “one more stress test” in February, according to a Jan. 8 report from […]

Altcoin News

ARK Invest dumps further 133,000 Coinbase shares as BTC ETF deadline looms

• by admin
• January 8, 2024

ARK Invest sold off 133,823 shares of Coinbase across three ETFs in its portfolio, accounting for roughly $20.6 million in value as of Jan. 8. Cathie Wood’s ARK Invest sold a further 133,823 shares of the cryptocurrency exchange Coinbase on Jan. 5 as the stock opened trading for the day at $152.67 and ended at […]

Altcoin News

ECB issues vendor call, progress report on digital euro rulebook

• by admin
• January 4, 2024

The eurozone monetary authority is in the preparatory stage for the launch of a central bank digital currency. The European Central Bank (ECB) Rulebook Development Group has been designing a set of rules, standards and procedures for digital euro payments. The group has published a report on the rulebook draft, allowing the public to glimpse […]

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Central Bank of Nigeria bans banks from servicing crypto exchanges

• by admin
• December 31, 2023

Nigeria’s central bank has prohibited commercial banks from providing account services to crypto exchanges. The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country.The prohibition was contained in a circular issued by the CBN on Friday. According to the central bank’s notice, […]

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New protocol launches for cross-chain trading of inscription tokens

• by admin
• December 27, 2023

A new trading protocol aims to support the growth of popular inscription tokens by aggregating liquidity from various trading platforms across blockchain networks. Bitcoin has kicked off a dynamic ecosystem with blockchain, its underlying technology. The evolution has only accelerated with the emergence of the Ethereum network and smart contracts. After meme tokens, nonfungible tokens […]

Altcoin News

Bitcoin hash rate hits new peak, but profitability tumbles

• by admin
• December 26, 2023

Bitcoin network hash rate has reached a new all-time high of over 540 exahashes per second. However, hash price and profitability are sinking again. Bitcoin network computing power — or mining hash rate — reached a new all-time high on Christmas day, but has put putting more pressure on miners amid a slump in profitability.  […]

Altcoin News

Turkey’s Erdogan picks crypto professor for central bank board: Report

• by admin
• December 24, 2023

Fatma Ozkul has been a lecturer at Marmara University in Istanbul since 2012, with an academic focus on accounting, finance, auditing, blockchain and digital assets. Turkey’s President Recep Tayyip Erdoğan has reportedly appointed professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s monetary body. According to Bloomberg, a decree […]