Optimism reaches ‘Stage 1’ decentralization, implementing fault proofs
The team has implemented fault proofs on Optimism mainnet, and users can now independently initiate withdrawals “without involvement from any trusted third parties.”
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Nevada financial regulator petitions court to place Prime Trust into receivership
The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto. Following the filing of a cease and desist order, Nevada’s Financial Institutions Division has again moved against crypto custodian Prime Trust by petitioning for the appointment of a receiver.In a June 26 filing,…

Why Bitcoin’s market cap just hit a new record high before the price did
The latest leg of Bitcoin’s (BTC) recent rally saw its market cap push above $330 billion for the first time ever as prices rallied above $17,750 late Nov. 17.According to CoinGecko, Bitcoin’s previous record capitalization of $329.3 billion was posted on Dec. 16, 2017, amid the market’s all-time high price rally to test $20,000.BTC market…

Huobi delists 33 tokens in one day citing trading risk, low volume
Some tokens were delisted due to "severe violation of regulations." 414 Total views 1 Total shares Own this piece of history Collect this article as an NFTAccording to a Jan. 11 announcement, cryptocurrency exchange Huobi said that it would delist 33 tokens consisting of tickers ABT, ATP, APN, AST,DIE, DHT, DFA, EDEN, GEAR, HC, INDI,…

Ditch Google and Use a Bot Instead: Startup Says the Golden Era for Search Apps Is Over
Finding your way around a new city, or even discovering exciting things to do in areas you know well, is hard. Meanwhile, local economies have been struggling to prosper — with small businesses increasingly reliant on online behemoths such as Facebook and Google where users face information overload.A new blockchain-based startup believes the golden era…

Crypto Mining Service Coinhive to Shut Down Operations in March
Cryptocurrency mining service Coinhive is shutting down, as the project has reportedly become economically inviable. The team behind Coinhive announced the news in a blog post on Feb. 26.Per the announcement, the mining service will stop its operations on March 8, 2019, while users’ dashboards will be accessible until April 30, 2019. Among the reasons…

SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP
SBI invests $30 million in major crypto liquidity startup soon after revealing Japan’s first digital fund comprising 50% XRP. 512 Total views 8 Total shares SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2.The investment marks the beginning of a…

Chainalysis raises $100M in Series E funding led by Coatue
Chainalysis has secured hundreds of millions of dollars in the second quarter as venture firms allocate more resources to the emerging blockchain sector. 422 Total views 4 Total shares Blockchain analytics company Chainalysis has secured $100 million in Series E financing, bringing its total valuation to a staggering $4.2 billion and highlighting once again the…

Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain
Since the start of the year Bitcoin (BTC) has gained approximately 41% and on Feb. 5 the crypto asset thrilled investors as the price broke through the $9,500 resistance and rallied to set a new yearly high at $9,745. In light of Bitcoin’s strong trend reversal from its 2019 bottom at $6,400, there is a growing…