In November 2023, the Cosmos Hub community approved the contentious proposal 848, which reduced the maximum inflation rate of the native token ATOM to 10% from 20%. At the time, ATOM’s actual inflation rate stood at 14%. The proposal was expected to fall through. However, just before the deadline, there was a surge of votes …
Monthly archives: February 2024
Microstrategy Chairman Says Bitcoin Is Superior to Other Asset Classes — Expects Capital to Keep Flowing Into BTC
Microstrategy’s executive chairman, Michael Saylor, sees bitcoin as “the strongest asset.” He believes that capital is going to keep flowing from other asset classes, such as gold and real estate, into bitcoin because the cryptocurrency is “technically superior to those asset classes.” He emphasized that bitcoin is an exit strategy and Microstrategy has no plan …
Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation
Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary hold on its bitcoin mining survey and quarantined the data gathered to date. DOE Puts Bitcoin Mining Inquiry on Hold Amid Legal Challenges …
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Bitcoin’s Scalability Foreseen by Satoshi Nakamoto to Outpace Visa, Historic Email Reveals
This week, crypto enthusiasts and historians alike have found themselves enraptured by the wealth of newly released emails from Satoshi Nakamoto, uncovering the visionary’s early efforts with Bitcoin. Specifically, one email, identified as number #3, offers unparalleled glimpses into Nakamoto’s considerations regarding Bitcoin’s scalability, economic framework, and prospects. Emails Suggest Satoshi Nakamoto Was Quite Confident …
Bitcoin (BTC) Witnesses Largest Weekly Net Outflow off Centralized Exchanges in Eight Months: IntoTheBlock
Bitcoin (BTC) flew off centralized exchanges this week at its highest level since June 2023, according to the crypto analytics firm IntoTheBlock. In a new analysis, Lucas Outumuro, IntoTheBlock’s head of research, tracked the top crypto asset’s netflows, which measure the Bitcoin moving in and out of centralized crypto exchanges by subtracting the amount of …
Social Media Giant Reddit Holds Bitcoin and Ethereum for ‘Treasury Purposes,’ According to SEC Filing
Social media giant Reddit holds both Bitcoin (BTC) and Ethereum (ETH) in its treasury, according to a filing with the U.S. Securities and Exchange Commission (SEC). The company submitted an S-1 registration statement to the securities regulator on Thursday related to its planned initial public offering (IPO). In the document, Reddit says it has invested …
Customer Threatens to Sue Bank of America After Tens of Thousands of Dollars Vanishes Without a Trace: Report
A Bank of America customer is considering whether to sue after the lender allegedly lost a certificate of deposit (CD) that has significantly grown in value after nearly 30 years. Realtor Enid Bavard says she bought a $10,000 CD in 1997 – money she set aside to help finance her son’s college education, reports Fox …
‘I Can Live With It’: Former President Donald Trump Changes Tune on Bitcoin, Calls for Regulation
Donald Trump has changed his tune on Bitcoin (BTC). The former president and presumptive Republican nominee in 2024 fielded a question about the top crypto asset during a Fox News town hall in South Carolina this week. Trump says he prefers the US dollar but acknowledges that Bitcoin has taken on “a life of its …
JPMorgan Chase Customer Furious After $49,500 Drained From Bank Account – Victim Says Trillion-Dollar Lender Was Alerted Immediately, Failed Miserably
A JPMorgan Chase customer who watched tens of thousands of dollars exit her account says she’s more upset with the bank than the scammers who made her a target. Kristal Kuhn in San Diego says she recently received a phone call from someone pretending to work at Chase’s fraud department, reports FOX News 5. Out …
Bitcoin network congestion eases as mempool clears in February
Bitcoin’s mempool is a holding area for transactions broadcast to the network but not yet included in a block. Analyzing the mempool provides insight into network congestion, transaction demand, and fee trends, offering a unique vantage point on the state of the Bitcoin ecosystem. During the final months of 2023 and the early weeks of …
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Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players
In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this upswing, with the stablecoin ethena usde at the forefront …
Weekly NFT Sales Rise 17% With Bitcoin Climbing Back to Second in Volume
Based on the most recent international standings and weekly figures, sales of non-fungible tokens (NFTs) have surged by 17.66% in the past week, amassing slightly more than $306 million in sales. This uptick marks a jump from last week’s 16.8% rise in NFT sales, with the leading blockchains in terms of volume — Ethereum and …
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Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry
Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no regulatory powers over these crypto companies, having usurped functions not given to it by …
Solana Primed To Skyrocket Over 340% From Current Price, According to Crypto Trader – Here’s the Timeline
A closely followed crypto strategist believes that Ethereum (ETH) competitor Solana (SOL) is gearing up for an explosive rally. Pseudonymous analyst Inmortal tells his 206,500 followers on the social media platform X that Solana could soar more than 340% from its current value by 2025. He believes that SOL may go parabolic similar to how …
This Blue-Chip Ethereum Rival Will Explode by Over 150% in the Short Term, Says Coin Bureau Host Guy Turner
The host of the Coin Bureau YouTube channel, Guy Turner, is bullish on an Ethereum (ETH) rival that’s more than tripled in price since October of 2023. In a new video, Turner tells the 2.41 million subscribers of the Coin Bureau channel that the native token of the layer-1 blockchain NEAR Protocol (NEAR) could go …