Cardano’s Charles Hoskinson is threatening legal action after the Wyoming Stable Token Commission’s decision to exclude his blockchain from its stablecoin project. He claims the selection process lacked transparency and violates state laws, urging for fairness in the evolving landscape of blockchain governance. In a passionate display of frustration, Charles Hoskinson, the founder of Cardano, … Read more
Solana introduces innovative tools called ‘Actions’ and ‘Blinks,’ facilitating seamless crypto trading on social platforms. These features make blockchain transactions more accessible, targeting mainstream audience engagement with meme coins. Major Solana wallets will support these tools, enabling users to easily integrate crypto transactions into everyday social media interactions, thus breaking down barriers to entry for … Read more
Two young men have been arrested in connection with a $230 million cryptocurrency scam. Malone Lam from Miami and Jeandiel Serrano from Los Angeles allegedly hacked into a victim’s crypto accounts and laundered the stolen funds. They are accused of extravagant spending on luxury items and international travel with the proceeds of their crime. The … Read more
Coinbase has launched Coinbase Wrapped Bitcoin (cbBTC), enabling users to leverage their Bitcoin in decentralized finance applications across Ethereum and Base networks. This token simplifies access, allowing for liquidity provision, collateral usage, and trading without complex systems. Initially available in several regions, cbBTC emphasizes security backed by Coinbase’s custodial experience. In a bold move to … Read more
This week in cryptocurrency saw El Salvador report an 81% return on its Bitcoin investment, Standard Chartered predict a market cap increase to $10 trillion, and Detroit announce it will accept crypto for taxes. Bitcoin surged past $75,000 following Trump’s victory, with speculation around Charles Hoskinson serving as a crypto policy advisor. Such developments indicate … Read more
Grass has officially completed its closed beta phase, showcasing its ability to access 100% of the web and already encompassing two million users. It plans to further expand its reach while automating node reward distribution using the Solana network. In a significant milestone, Grass, a pioneering AI web crawling project powered by the Solana network, … Read more
Elon Musk has declared a ‘financial emergency’ in the U.S., highlighting $35.7 trillion in national debt and the vast interest payments draining tax revenues. His endorsement of Bitcoin comes as investors seek security amidst inflation fears, and Musk envisions significant cost savings from government reforms. As Bitcoin prices rise nearly to all-time highs, elite investors … Read more
Bitcoin has experienced a dramatic price drop, descending below $50,000 and contributing to an $800 billion loss in the crypto market. Coinbase’s David Duong cautioned that despite potential short-term rebounds, investors should prepare for continued price volatility influenced by global economic shifts. This may spell trouble for many smaller altcoins as market sentiment remains negative. … Read more
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In August 2024, Riot Platforms mined 322 Bitcoin, exceeding 10,000 Bitcoin held. The company optimized power costs amid increased energy demand in Texas, achieving low operational costs while developing new facilities to enhance mining capacity and hash rate by year-end. In August 2024, Riot Platforms, Inc. demonstrated strong production results by mining 322 Bitcoin, bringing … Read more