A classic 'Rektember?' 5 Things to know in Bitcoin this week

Startups competed in a metaverse-based Web3 reality show called Build The Block to win an investment from Binance Labs. 108 Total views 20 Total shares Crypto exchange Binance has announced the winner of its Web3 reality show, titled “Build the Block,” held in the metaverse. Within the show, startups competed with each other to win…

BitMEX used to be the indisputable leader of Bitcoin (BTC) futures trading and if something similar to yesterday's civil enforcement action were to happen back in 2015-2018 the crypto markets would have completely collapsed.Regardless of partial recovery to $10,600, which was relatively quick, derivatives markets held steady during the $500 drop down to $10,400. Neither…

The United States Commodity Futures Trading Commission (CFTC) gives its fintech research unit LabCFTC status as an independent operating office.Blockchain and digital assets are an important part of developmentEstablished by the CFTC in 2017 with the goal of engaging with the fintech community, LabCFTC will now be reporting directly to the authority’s chairman Heath Tarbert.…

The two crypto mining operations stole almost $20,000 in electricity monthly. Officials in the Malaysian state of Johor shut down two crypto operations which had stolen more than $600,000 worth of electricity over three years. According to a Sept. 1 report from local news site The Star, Malaysia’s Energy Commission, power utility firm Tenaga Nasional Berhad…

The trending Luma AI Dream Machine, which turns stagnant memes into moving videos, has reached the crypto community and even inspired similar crypto-centric models.

Cardano founder Charles Hoskinson claimed that emerging markets are where cryptocurrencies matter, and that Facebook’s announced virtual currency Libra is not going to find success in this area, according to a report by Finance Magnates on June 26.According to Hoskinson, emerging markets are the future. He says:“Emerging markets are where cryptocurrencies matter [...] When I…

With one week to go until the Ethereum Shanghai and Capella upgrades on April 12, all eyes are on Ether(ETH). The second-largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a seven-month high of $1,922 on April 5. Ether price has momentum, and here are three strong reasons why.Multiple positive price…