Crypto news

Bitcoin-friendly Republican Senator Cynthia Lummis doesn’t think the Biden Administration’s proposed 30% excise tax on Bitcoin miners isn’t likely to make it through the House.  On stage at Bitcoin Miami 2023, the politician remained supportive of miners, and believes the industry’s proliferation throughout the United States is a matter of national security.  Mining: Dirty or Clean? During the interview, Lummis spoke about the excise tax with Perianne Boring, a member of the...

The ordinals are coming in dank this week. Bitcoin Frogs was the #1 selling NFT collection for the 24-hour period on Wednesday. Frogs sales outpaced Bored Apes Yacht Club, CryptoPunks, and other popular collections for the day. The BRC-20 memecoin project describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.” As of publication time, 3,700 frogs had owners. Meanwhile, hundreds were listed for sale on NFT marketplaces. That gecko that...

Global payments giant Visa has deployed experimental smart contracts on Ethereum’s Goerli testnet to pilot gasless transactions through account abstraction. The two sets of smart contracts, dubbed Paymaster, will simplify user interaction with the Ethereum network by performing complex tasks and managing transaction costs on behalf of other accounts. Visa Tests Paymaster for Frictionless Transactions Account abstraction is a proposal to increase flexibility in the management...

Ether holders are rushing to stake their tokens with network validators. This has pushed the deposit activity to the highest level since the Shapella upgrade last month. In fact, the total volume of crypto-asset staked has exceeded 20 million. The latest milestone comes a month after the much-anticipated Ethereum Shanghai upgrade that brought a record-breaking weekly inflow of Ether deposits for staking. “It has only been a month since Ethereum’s Shapella Upgrade. Since then,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The recent kidnapping and murder of a woman in Seoul, South Korea (the nation’s capital city) has turned up some new evidence. Police investigating the matter believe the woman may have been involved in various crypto-related disputes, and that her attacker was associated and hired by the opposing party. Why Is...

Developers of decentralized exchange (DEX) Swaprum have drained $3 million in ether (ETH) tokens from the protocol in an apparent rugpull, otherwise known as an exit scam. The exchange, launched on the Ethereum layer-2 network Arbitrum, offers high farming rewards, low swapping fees, and potential earnings of up to 100% annual percentage yield (APY). Swaprum Rugpulls Users for $3M Blockchain security firm Peckshield flagged the incident on Friday, disclosing that...

Sportswear and footwear retail company Foot Locker took a beating in its Q1 2023 report after sustaining an 11% drawdown in revenue.  Foot Locker Retail Inc (NYSE: FL) plunged 25% following a big earnings miss in the Q1 2023 outing. For the first quarter of 2023, the sportswear and footwear retailer reported revenue of $1.93 billion versus the $1.99 billion analysts expected. In addition, the company realized earnings per share of 70 cents adjusted versus 81 cents expected. Following...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The picture above is a return test chart of a quantitative strategy. Before the back test week is 2021 to 2023, 25 months, the rate of return is as high as 7869%, which is equivalent to an annualized rate of return of 3779%, which is the annualized rate of return. The rate is close to 40 times. It’s time to...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A new report has emerged talking about what it was that really led to the destruction and collapse of the FTX digital currency exchange. Why Did FTX Really Fall? Everyone would like to think it was heavy corruption or something similar, but per the words of the report, it was merely “hubris and greed.” Hubris...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up We are here with exciting news! Working on the blockchain, Xrp Classic is nearing the end of their blockchain, which they call Classic Chain. Classic Chain is configured using the powerful and reliable Proof of Authority protocol. Xrp Classic is proud to share the results of closed beta tests and in this...