With zero knowledge (ZK) proofs expected to be a game changer for blockchain scaling, Polygon may be on the brink of a major rally. Taking to X on February 2, crypto market commentator Polynya, asserts that ZK technology is the “endgame” as its “1,000x efficiency upside is irresistible for networks.” Will “ZK” Technology Be The “End Game”? …
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Bankrupt crypto lender Genesis is reportedly agreeing to pay a $21 million civil fine to settle with the U.S. Securities and Exchange Commission (SEC) over the now-defunct Gemini Earn program. According to a new report by Reuters, the settlement will allow Genesis to focus on repaying customers and creditors instead of having to defend itself …
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Continue reading “Spot Bitcoin ETFs rank among largest commodity ETFs by assets held”
The major stock exchange Nasdaq announced on Feb. 2 that it has listed BlackRock’s iShares Bitcoin Trust (IBIT). Nasdaq said that BlackRock’s spot Bitcoin ETF is now trading on its platform while an executive endorsed the fund’s various features. Kevin Kennedy, Nasdaq’s VP of of North American Markets, said: “Through the ETF wrapper, investors can …
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Genesis Global and its affiliated entities have settled with the Securities and Exchange Commission (SEC), agreeing to a $21 million penalty to resolve claims over the unregistered sale and offer of securities, according to a court filing. The settlement, filed on Jan. 31 in the U.S. Bankruptcy Court for the Southern District of New York., comes …
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Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2, less than a month after its previous record-setting increase on Jan. 6. Mining difficulty saw a significant increase of 7.33%, the highest this year, marking the most difficult period to mine Bitcoin in its history. This …
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A widely followed cryptocurrency analyst and trader believes Ethereum (ETH) is on the verge of a massive breakout. Michaël van de Poppe tells his 691,900 followers on the social media platform X that there are three main reasons why he believes ETH could soon soar by more than 70% from its current value. He thinks …
A widely followed crypto analyst is laying out his vision for Bitcoin (BTC) while drawing attention to two top altcoin projects. Crypto trader Michaël van de Poppe tells his 697,100 followers on the social media platform X that he expects BTC to consolidate. “My vision of Bitcoin remains the same. I think we’ll consolidate, and in that …
Customers at a JPMorgan Chase branch say deposits aren’t showing up in their accounts, and the bank has been reluctant to address the issue. Carla Garling, a small business owner, says that despite having a deposit slip, her local Chase branch hasn’t confirmed a $13,478 deposit to her account, reports KFOR Oklahoma News 4. Since …
The developer behind the Polygon (MATIC) ecosystem is laying off 19% of its workforce, though the company’s chief executive says the staff shakeup isn’t due to financial reasons. Marc Boiron, CEO of Polygon Labs, says in a new announcement that the company is letting go of 60 people to create “an efficient, surgical team with …
Hong Kong, China KIP Protocol, the Web 3.0 base layer for AI (artificial intelligence), has successfully closed its strategic funding round led by Animoca Ventures. KIP Protocol builds secure and gas-efficient Web 3.0 infrastructure that makes it possible for AI creators – whether app developers, model makers or data owners – to do the following. …
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Binance just introduced a one-stop shop allowing users to mint and trade thousands of tokens in Bitcoin and Ethereum’s emerging inscription ecosystems. The world’s largest crypto exchange says the newly launched Binance Inscriptions Marketplace enables users to buy, sell and inscribe Bitcoin’s BRC-20 tokens and Ethereum Virtual Machine (EVM) tokens. “In our ongoing quest to …
Regulators approved spot Bitcoin ETFs in January. Spot Ethereum ETFs could be next in line. January 2024 saw the launch of spot Bitcoin ETFs, a type of investment vehicle that allows investors to purchase shares of a fund holding Bitcoin. Those spot Bitcoin ETFs have seen rapid success, with top funds achieving $4 billion in …
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Continue reading “Tether CEO bashes JPMorgan’s ‘hypocrisy’ amid stablecoin dominance concerns”
