Rejection Aside, Calls for a Bitcoin ETF Are Only Escalating
Despite the rejection of a bid for a bitcoin ETF, the crypto market remains confident other proposals will persevere.
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Bitcoin Whale Addresses Hit Highest Number Since August 2019
Apr 30, 2020 at 17:50 UTCThe increase in the number of addresses with more than 10,000 BTC is likely the result of long-term holders coming back online to expand their holdings. Credit: Shutterstock Bitcoin Whale Addresses Hit Highest Number Since August 2019Large crypto investors, popularly known as “whales,” seem to be accumulating bitcoin amid the…

US Sanctions Three Alleged Crypto Hacking Groups From North Korea
news The U.S. has sanctioned three North Korean entities for cyber crimes, mentioning cryptocurrency thefts as one of the reasons for the action. In a Sept. 13 announcement, the U.S. Department of the Treasury identified the Lazarus Group, Bluenoroff and Andariel as entities now on its the sanctions list, who are believed to be responsible…

ApeCoin DAO Votes In Two New Special Council Seats, Replacing Alexis Ohanian and Yat Siu
ApeCoin DAO, the decentralized autonomous organization (DAO) made up of ApeCoin (APE) holders, has voted in two new members of its Special Council governing body, filling seats formerly held by Animoca Brands chairman Yat Siu and Reddit co-founder Alexis Ohanian.ApeCoin is an Ethereum-based native currency of the Bored Ape Yacht Club ecosystem launched in March…

Ethereum-Based Protocol Alkimiya Creates Market for Hedging Bitcoin Fees
Blockchain protocol Alkimiya launched, introducing a tool that allows users to hedge against volatile Bitcoin (BTC) transaction fee rates. The hardest part might be getting hardline bitcoiners – sometimes known as "maximalists" or "maxis" – to use the new protocol since it's built atop the Ethereum blockchain. Target users for the platform, described as a

Three Iranian Power Plants Plan to Sell Electricity to Crypto Miners
Sep 21, 2020 at 12:00 UTCUpdated Sep 21, 2020 at 12:04 UTCThe Shahid Salimi Power Plant outside of Neka, Iran (TruthPraiser / Wikimedia Commons)Three Iranian power plants with enough output to supply half of New York City will soon begin selling surplus electricity to cryptocurrency miners, in a bid to create a new source of…

How PayPal Upended the Crypto Debate in Washington D.C.
As the end of July arrived, House Financial Services Committee Republicans achieved its goal of passing a bipartisan stablecoins bill. Still, they left D.C. without the broad bipartisan vote Chair Pat McHenry had labored to achieve. The session ended with new recriminations over old disputes, namely the degree of federal vs. state regulation in a…

GMO’s Cryptocurrency Business Made $2.3 Million Profit in Q2
After a net loss reported in Q1, the Japanese IT giant says it made an 11 percent profit through its crypto business this last quarter.

Ether Awaits Price Breakout After Bitcoin’s Record Daily Close
Ether continues to struggle for a breakout above key resistance even as bitcoin, the crypto market leader, looks north after record daily close.The native token of Ethereum’s blockchain is yet to take out the falling trendline drawn from May and September highs. Bitcoin cleared similar resistance two weeks ago and ended Tuesday above $64,000 –…