Cryptocurrency Analysis and News Portal
Recent insights from Glassnode’s cofounders, shared under their X (formerly Twitter) account ‘Negentrophic’ have sparked interest in Bitcoin market dynamics, leading to
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The Blockchain Association and the Crypto Freedom Alliance of Texas have taken legal action against the U.S. SEC. The two groups contend that the SEC is instituting a new rule, adopted in February, that would negatively impact the crypto industry. The SEC’s rule extends federal securities laws to market participants with
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El Salvador’s state-controlled Bitcoin wallet is embroiled in a second data breach incident after hackers published another batch of sensitive information. On April 23, anonymous bad actors called CiberInteligenciaSV leaked some of Chivo’s source code and VPN credentials for state-operated Bitcoin (BTC) ATMs in El Salvador. The information was released on
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While bitcoin miners anticipated that the halving would significantly cut revenue, the introduction of Casey Rodarmor’s Runes protocol – designed to create fungible tokens on Bitcoin – which went live at the halving, was supposed to be the antidote to this, given the level of activity it would create on-chain. Source
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OP_CAT recently unveiled its BIP-420 proposal amid the ongoing discourse surrounding covenants within the Bitcoin community. According to Udi Wertheimer on X, an advocate for OP_CAT, the proposal aims to enable covenants on Bitcoin, opening avenues for smart contracts, secure bridges, on-chain trading, zk proof verification, and more. However, it’s worth
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Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their entirety,” Ripple
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Samson Mow, the chief executive at Jan3, recently spoke to Forbes about the latest Bitcoin halving and its potential to catalyze what
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Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize low-carbon energy sources by offering financial incentives. Paypal Blockchain Research Team Advocates for Low-Carbon Mining With Financial Incentives The rise
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On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from the initially planned
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Bitcoin’s recent halving, completed on April 19, may not immediately impact market dynamics, with analysts suggesting a potential two-month wait for significant effects. Despite an 8% increase in bitcoin’s spot price since the halving, experts anticipate a delay in supply and demand
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