Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency. Companies such as Marathon Digital Holdings Inc., Riot Blockchain Inc., and CleanSpark Inc. have seen their stock prices fall for three consecutive days. The Valkyrie Bitcoin Miners exchange-traded...
Worldcoin, the crypto project co-founded by OpenAI’s Sam Altman, has today announced a new blockchain “designed to bring all humans onchain.” The new World Chain is built to scale both Worldcoin and the broader Ethereum network to 1 billion people and beyond, said the press release shared with Cryptonews. The team expects the developer preview...
Upbit, one of South Korea’s largest cryptocurrency exchanges, has temporarily suspended deposits and withdrawals exceeding 1 million Korean won ($721). This decision, outlined in an official statement released today (April 17), follows modifications to the operations of Ten&Ten, a local VASP facilitating high-value transactions. Upbit Halts High-Value Transactions Following Ten&Ten Service Suspension Effective immediately, Upbit has...
Recent Bitcoin price predictions become a focal point as the cryptocurrency maintains its position at $63,900, with a modest uptick of 0.15%. This stability unfolds amidst varying market conditions, including the cooling interest in spot Bitcoin ETFs and notable discussions at the Rio WebSummit, where the potential for Bitcoin’s value to exceed $1 million was...
A recent report from SoSoValue shows significant movements in the Bitcoin exchange-traded funds (ETFs) market, mainly focusing on the outflows observed in Grayscale’s Bitcoin Trust (GBTC) and the broader net outflow of $58.03 million from Bitcoin spot ETFs. The data highlights the dominance of outflows, with GBTC alone experiencing a net outflow of $79.38 million, contributing to...
UK Member of Parliament (MP) Lisa Cameron called for increased digital training regarding Web3, AI, and blockchain technology in a debate Tuesday, to increase the country’s “necessary talent pipeline” and bolster the UK crypto economy. During the debate, Cameron argued that the UK needs to “level up” if it wants to be a superpower across...
Pavel Durov, founder of the encrypted instant messaging app Telegram, believes that growing government surveillance will drive innovation in secure communication, modeled on cryptocurrency hardware wallets. During an interview with Tucker Carlson, Durov expressed concern about government pressure on digital communication platforms such as Telegram, saying he prefers to “avoid big geopolitical powers” like China...
The Security Alliance (SEAL), a team of white-hat hackers, has bolstered its efforts to secure the crypto space by launching SEAL-ISAC, a threat-sharing platform. On April 17, Paradigm’s white-hat hacker and head of security, Samczsun, announced the launch of SEAL-Org’s latest initiative. SEAL ISAC: A Collaborative Approach to Crypto Security SEAL-ISAC is a free platform...
The Reserve Bank of New Zealand (RBNZ) has begun its public consultation on “Digital Cash,” a proposed central bank digital currency (CBDC), as disclosed in a consultation paper released by the central bank on April 17. The consultation is in its second stage and will last 101 days, between April 17 and July 26. After...
Authorities in Cyprus delivered a blow to the remnants of the collapsed FTX cryptocurrency empire on April 16. The Cyprus Securities and Exchange Commission (CySEC) officially announced an extension of the suspension on FTX Europe’s operating license, barring the firm from providing any services until September 2024. CySEC Directive Requires FTX Europe to Fulfill Obligations...