Tag Archives: social

After tapping a 10-day high yesterday, bitcoin has lost some momentum but still trades around $27,000. Most altcoins are also with minor losses today, aside from LINK, which has pumped once again and now sits above $8. BTC Uncertain $27K Last weekend was highly uneventful for the primary cryptocurrency, which had recovered some of the Thursday losses and stood mostly at $26,600. Monday was different, though, as the asset fell hard and dipped below $26,000. Nevertheless, the...

Binance announced the sale of its Russian entity to a relatively unknown company called CommEX, the transaction of which raised several questions and concerns within the crypto community, primarily due to the limited information available about the company and its ownership. Moreover, CommEX was officially launched on Tuesday. To address these concerns and provide clarity, Binance CEO Changpeng ‘CZ’ Zhao took to X (formerly Twitter) to provide insights into the deal and its...

Coinbase co-founder and CEO Brian Armstrong has condemned the planned move by Chase UK, a subsidiary of the US-based multinational financial services behemoth JPMorgan, to restrict its clients in the United Kingdom from making cryptocurrency transactions. The Coinbase chief advised UK crypto holders to close their accounts with Chase in response to the bank’s ban. Armstrong Not Pleased With Chase UK Crypto Restrictions Brian Armstrong took to X to slam Chase UK’s crypto...

The trend coincided with a notable surge in block space demand – a trend that has happened on par with the release of Ordinals and Inscriptions. The elevated demand has been sustained ever since, according to Glassnode’s latest analysis. Despite the concerns surrounding Ordinals congesting the Bitcoin network, the blockchain intelligence firm suggests that there is “minimal evidence” that inscriptions are displacing monetary transfers. Are Inscriptions Displacing Monetary...

While the advent of Metaverse is seen as a major step in the crypto frontier, a report released by NYU Stem Center for Business and Human Rights (CBHR) warned that these developments could lead to an unprecedented erosion of privacy and a rapid surge in physical aggression. CBHR’s report recommends adopting solid steps by both the Web3 space and governments to avert a looming security and privacy crisis. Unprecedented Erosion of Privacy Metaverse, Extended Reality, or Spatial...

Polygon Labs has suggested that the Celo blockchain community consider utilizing its Chain Development Kit (CDK) to streamline the intended layer-2 migration on the Ethereum network. The proposal comes after cLabs, the primary development team behind Celo, unveiled an alternative strategy in July to transition its layer-1 into an Ethereum-compatible layer-2 solution by utilizing Optimism’s OP Stack. OP Stack is a similar customizable toolkit that leverages Optimism’s...

Amid increased regulatory scrutiny in the United States, Europe has become an attractive destination for crypto firms. Galaxy Digital, the crypto venture led by US billionaire Mike Novogratz, is now venturing into the European market for greener pastures. As part of this expansion, the company has appointed Leon Marshall, formerly an executive at the crypto broker Genesis, as its first Head of Europe. Marshall is tasked with establishing a regional presence based in London....

Core Scientific, Inc., a prominent player in high-performance blockchain computing data centers and software solutions, has revealed that Bitmain, a global leader in manufacturing digital currency mining servers, will be making a significant investment of $53.9 million in it. This move further strengthens the longstanding relationship between the two companies. Bitmain and Core Scientific have agreed to acquire new Bitcoin mining equipment and host a new hosting agreement....

Rashawn Russell, a former investment banker and registered broker who worked for Deutsche Bank, has pleaded guilty to charges relating to investment fraud, after orchestrating a cryptocurrency scheme to swindle investors. The ex-Deutsche executive could face a maximum sentence of 30 years in prison for his crimes. Russell to Pay Restitution of Over $1.5 Million The United States Department of Justice (DOJ) announced Russell’s guilty plea in a press release on Sept. 19, 2023....

The Singapore Police Force has seized more assets in relation to an ongoing money laundering probe, bringing the total value of confiscated funds to more than S$2.4 billion. The reported figure notably doubled from the first operation in August. Seized Assets Worth Over S$2.4 Billion In a statement published on Sept. 20, the Singapore Police Force said the additional asset seizures happened following additional operations by the police. All assets seized by the authorities so...