Bitfarms adopts shareholder rights plan as Riot attempts takeover

11.4 million Bitcoin is held by long term investors, diminishing the tradeable supply to only 20% of the total Bitcoin supply. 1403 Total views 43 Total shares According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians.Breakdown of Bitcoin supply. Source: Chainalysis.Digital goldThe company…

In light of the Twitter rebranding Elon Musk posted that in the coming months, users can expect to conduct their “entire financial world” via the X platform. 361 Total views 2 Total shares Elon Musk posted an update for users with more information on the rebranding of Twitter to X saying it is part of…

On Oct. 3, United States District Court Judge Analisa Torres rejected the U.S. Securities and Exchange Commission’s (SEC’s) motion to appeal its loss against Ripple Labs, the company behind the XRP (XRP) cryptocurrency. Torres denied the SEC’s motion, claiming the regulator failed to meet the burden to show that there were controlling questions of law

Draft legislation that would allegedly impose a ban on the use of cryptocurrencies in India is being circulated by local blockchain legal experts on social media.An unverified document published to Scribd by tech lawyer Varun Sethi on July 15 appears to reveal a draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies.”…

Distributed naming system Ethereum Name Service (ENS) has announced the launch of multicoin support as 15 cryptocurrency wallets already plan to utilize the new feature.According to an official Medium post published on Oct. 17, this will allow crypto enthusiasts to use one ENS name for all of their crypto wallets.Ongoing implementationIt is noted that ENS’s…

Shrapnel: The game at GDC everyone’s talking about As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and…

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17.USD Coin is an Ethereum-based token compliant with the ERC20 standard that was first announced in May last year and released in September.Per this week’s announcement, the audit…

The Ethereum blockchain has successfully completed its shift away from proof-of-work to proof-of-stake (PoS) consensus following the merge of the Mainnet and the Beacon Chain.The Merge took place on Sep.15 as the network shifted to PoS seamlessly, seeing hardware-based miners replaced by validators that stake Ether (ETH) to process transactions, add new blocks and maintain…