Hashrate recovery reduces Bitcoin miners’ selling pressure in July
Miner revenues soar 50%, pushing Bitcoin hashrate higher and reducing selling pressure from miners’ reserves.
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Fed’s dovish move will slash $625M in interest income for stablecoins
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.
Liquid Federation Announces 10 New Members
Blockstream’s Liquid sidechain settlement network welcomed 10 new members to the Liquid Federation on March 27.The new additions bring the Liquid Federation’s membership up to 45 — including crypto exchange trading desks, and financial institutions.New members come from diverse backgroundsThe new members include hardware wallet manufacturer Ledger, peer-to-peer exchange Hodl Hodl, crypto trade firm MerklePro,…
Do Kwon proposes Terra hard fork to save ecosystem
Terraform Labs will put the proposal up for a governance vote on May 18 Asia time. 1422 Total views 4 Total shares On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out…
Silk Road Founder Ross Ulbricht Spends Seventh Birthday in a Row in Jail
Ross Ulbricht turns 36 years old today. This will be his seventh birthday in incarceration.Ulbricht is the convicted felon serving two life sentences plus 40 years for his role in creating the Silk Road, the online contraband market notorious for its associations with cryptocurrency. Ulbricht says Silk Road was initially envisioned as a libertarian paradise,…
Swiss Exchange SIX granted approval to launch crypto marketplace
The Switzerland financial authority has today given the green-light for the launch of a digital asset marketplace utilising DLT. 323 Total views 24 Total shares The Swiss Financial Market Supervisory Authority, or FINMA, have today announced their approval for regulated Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on…
Binance-owned Indian exchange WazirX investigated for alleged AML failings
India's Enforcement Directorate will probe crypto exchange WazirX for alleged violations of AML laws and FEMA, in connection with crypto transactions worth $389 million. 907 Total views 2 Total shares The well-known Indian crypto exchange WazirX, which Binance acquired in 2019, is under investigation for alleged violations of India's Foreign Exchange Act (FEMA). The probe…
Vitalik Buterin floats ‘soft pause’ on compute in case of sudden risky AI
Vitalik Buterin says a last resort to “slow down” risky forms of superintelligent AI would be to have the capability to restrict available global computing power for a year or two.