Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Bitmain Accuses Cryptocurrency Project of Impersonation
Cryptocurrency mining hardware manufacturer Bitmain has accused a cryptocurrency project of falsely using its name in the promotion of a product dubbed Mangocoin (MNG).In an Aug. 9 blog post, Bitmain states that it came across a fraudulent use of its brand in the sale of a product dubbed “Bitmain Cloud Miner” and in the promotion…

OnlyFans’ parent company bought $20M of Ethereum as revenue surged
Fenix International, the parent company of OnlyFans purchased the cryptocurrency between 2021 and 2022. 570 Total views 1 Total shares The parent company of subscription platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ether (ETH) in 2022.According to an Aug. 24 financial filing to…

Control is the end game
Control, not just ownership, is the goal in Web3. Ownership alone is not sufficient in the decentralized future.

Venezuela’s Maduro Shafted From Gold Storage, Self-Sovereign BTC Shines
Venezuela’s Maduro just lost a ruling regarding his supposed gold ownership. 867 Total views 19 Total shares Venezuela’s allegedly corrupt leader, Nicolás Maduro, recently lost a court battle involving approximately $1 billion of gold. “The UK High Court has ruled against Venezuela's government in a legal battle over access to $1bn (£820m) of gold stored in…

Bison Trails’ new Polkadot API promises faster access to data
The Polkadot Indexer is said to provide a more efficient way to get data from the Polkadot blockchain and its experimental platform, Kusama. 4310 Total views 9 Total shares Bison Trails, a blockchain infrastructure company that was recently acquired by Coinbase, has launched a new Polkadot API that could allow developers to build their applications…

China’s IT Ministry Calls for ‘Acceleration’ of Blockchain Standardization
A document published Nov. 12 on the official website of the Cyberspace Administration of China (CAC) calls on the country to “accelerate” the development of standards for the blockchain industry.The text has been authored by the Ministry of Industry and Information Technology (MIIT)’s Zhou Ping, who is also secretary general of the China Blockchain Technology…

Fed’s Waller supports rate cut pause while inflation plays out
Fed Governor Christopher Waller says January had uneven progress on inflation, but if the year plays out similar to 2024, rate cuts could be on the cards later this year.

Binance co-founder clarifies token listing process amid TST controversy
Concerns around Binance’s token listing criteria were ignited by the Binance-listed TST token, which briefly rallied to $489 million on social media hype.