Bitcoin Cash

FTX plans sale of Digital Custody for $500K in bankruptcy move

• by admin
• February 11, 2024

FTX’s legal team clarified that since FTX US hasn’t been restarted, Digital Custody holds little value for the estate, hence the sale. The FTX debtors estate, led by CEO John Ray III, has filed to sell Digital Custody to CoinList for a significant markdown of $500,000, with financing provided by DC’s original CEO and seller, […]

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Bitcoin Halving: How it works and Why it matters

• by admin
• January 30, 2024

What is Bitcoin halving? A “block” is a file containing 1 megabyte (MB) of Bitcoin transaction records on the Bitcoin blockchain. “Miners” compete to add the next block by solving a complex mathematical problem using specialized hardware, producing a random 64-character output known as a “hash,” finishing the process and locking the block so it […]

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Stolen crypto worth $674M successfully recovered in 2023

• by admin
• January 29, 2024

The funds were recovered from more than 600 large-scale hacks. Blockchain security firm PeckShield has published data summarizing the losses to hacks and scams in 2023. According to the company, $2.61 billion was lost in the year, excluding multichain losses. PeckShield noted in its report on Jan. 29 that the amount shows a 27.78% decrease […]

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China halts restricted shares lending amid market turbulence

• by admin
• January 29, 2024

The China Securities Regulatory Commission (CSRC) is suspending the lending of restricted shares in an effort to curb short-selling. The Chinese securities regulator has announced another move to limit short-selling activities amid stock market turbulence.  The China Securities Regulatory Commission (CSRC) reportedly announced on its WeChat account that it will suspend the lending of restricted […]

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Court status report confirms Binance, SEC at odds

• by admin
• January 28, 2024

Court filings reveal ongoing conflicts between Binance and the U.S. SEC over evidence production and the arrangement of witness testimonies. Binance and the United States Securities and Exchange Commission continue to clash over evidence production and witness depositions in the regulator’s case against the crypto exchange, court documents indicate. According to a joint status report […]

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Multiple US Senate bills object to CBDC definition as ‘money’

• by admin
• January 17, 2024

The bills could create significant roadblocks to a CBDC in the United States Bills against referring to central bank digital currency (CBDC) as money have been filed in the states of Utah, South Carolina, South Dakota and Tennessee. The bills would exclude a CBDC from the definition of money and could create significant roadblocks to […]

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Vanguard among MicroStrategy’s largest shareholders, indirectly exposed to Bitcoin

• by admin
• January 13, 2024

Vanguard Group Inc. had an 8.24% stake as of September 2023, making it the second-largest institutional shareholder in MicroStrategy. Asset manager Vanguard may not be planning to offer Bitcoin exchange-traded funds (ETFs) on its platform, but it still has exposure to the cryptocurrency, as it owns and manages a large stake in MicroStrategy (MSTR).  According […]

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Bitcoin will close 2023 as one of the top-performing assets, up 160% — Kaiko

• by admin
• January 11, 2024

Despite tight macroeconomic conditions and headwinds in the crypto industry, Bitcoin is up more than 160% in 2023, fueled by the excitement over ETF proposals. Bitcoin BTC $46,063 is set to wrap up the year outperforming all major traditional assets, data provider Kaiko Research predicts. The cryptocurrency is up more than 160% in 2023 despite […]

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Why is Bitcoin price volatile today?

• by admin
• January 10, 2024

Bitcoin price whipsaws, wiping out leveraged longs and shorts as the SEC’s social account falsely reported that all spot BTC ETFs had been approved. Bitcoin BTC $45,421 price shot up to over $48,000 after the SEC appeared to announce that all spot BTC ETFs were approved. Before the regulator even had a chance to address […]

Bitcoin Cash

BNB Developers to sunset Beacon Chain tokens

• by admin
• January 9, 2024

The BEP-2 and BEP-20 chain fusion is scheduled for April 2024. Developers of Binance’s BNB Smart Chain want to merge the dual BNB Beacon Chain (BEP-2) and BNB Smart Chain (BEP-20) chain structures into a single blockchain. According to the Jan. 8 announcement, users are “strongly recommended” to transfer their BEP-2 and BEP-8 (mini BEP-2 […]