Busan is developing an Ethereum-compatible mainnet to become a ‘Blockchain City’

The city administration behind the project aims to make Busan a blockchain city and has launched a $75 million development plan to realize the goal. News Join us on social networks South Korea’s second-largest city Busan is developing a public blockchain network compatible with mainstream blockchain platforms such as Ethereum and Cosmos. The aim is …

US Anti-CBDC bill moves a step closer to passing

The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee. News Join us on social networks The CBDC Anti-Surveillance State Act, aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has taken one step …

Phishing victim sends eye-watering $4.5M in USDT to scammer

On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange before eventually arriving at an address purportedly owned by a scammer. News Join us on social networks An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46-million phishing scam. According to data from Etherscan, $4.46 million in Tether (USDT) was …

Optimism to sell $160M in OP tokens to 7 purchasers via private sale

The Optimism network has revealed that it will sell 116 million OP tokens in a series of planned sales. News Join us on social networks Ethereum layer-2 scaling solution Optimism has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes. At current prices, the sale will see $159 …

Crypto Isn’t (Yet) Accessible for All

HodlX Guest Post  Submit Your Post   We intrinsically know that crypto investment and participation should be for everyone, but just how realistic is this? Crypto has been positioned as a groundbreaking financial innovation, promising financial inclusion and empowerment. Its adoption, however, remains uneven, with some significant barriers limiting access for many. This post explores three …

Breaking: Mt. Gox trustee changes repayment deadline to October 2024

Rehabilitation trustee Nobuaki Kobayashi has extended the Mt. Gox repayment deadline by one year. Breaking news Join us on social networks Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchange’s creditors from Oct. 31, 2023, to Oct. 31, 2024. In a Sept. 21 letter, Kobayashi wrote that, with the permission …

Bitcoin energy pivot achieves what ‘few industries can claim’ — Bloomberg analyst

Bitcoin’s hash rate has continued to increase, yet its emissions intensity has been trending down, contrary to most other industries, Bloomberg analyst Jamie Coutts explained. News Join us on social networks While the Bitcoin network has continued to expand over the years, the Bitcoin (BTC) mining industry has yet to see a comparable increase in …

Bitcoin pioneer Hal Finney talks ZK-proofs in 25-year-old unearthed footage

A recently resurfaced video shows Hal Finney discussing the possibility of zero-knowledge proofs at an annual cryptology conference in California some 25 years ago. News Join us on social networks Early Bitcoin (BTC) pioneer Hal Finney shared his vision for zero-knowledge (ZK) proofs more than 25 years ago, a full decade before the launch of the …

Here’s What’s in Store for XRP, Chainlink and One Low-Cap Altcoin, According to Analyst

A widely followed crypto strategist is outlining what’s on the horizon for XRP, Chainlink (LINK) and one controversial new altcoin. Looking at the cross-border payments solution first, analyst Michaël van de Poppe tells his 667,200 followers on the social media platform X that he’s waiting for XRP to flash signs of strength. “Full retrace on …

Australian regulator sues Kraken provider over margin trading product

The regulator alleged that Bit Trade — which is the provider for Kraken in Australia — did not make a target market determination before offering its margin trading product to Australian customers. Breaking news Join us on social networks The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against Bit Trade, the …

Whales, Fresh Wallets Accumulating, Maker (MKR) Spikes 120% In 3 Months

On-chain data reveals that whales and new wallets are scooping more Maker (MKR), which seems to be propping the token, fanning demand. As of September, MKR is one of the top-performing tokens, adding roughly 120% in three months from June 2023 lows. When writing, MKR is changing hands above $1,300 and inching closer to July 2023 highs. …

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