The government seeks a collaboration to research and develop the technology further.
Monthly archives: June 2024
Senator Cynthia Lummis Blasts Biden Administration Following President’s Decision To Veto SEC-Related Crypto Bill
A pro-crypto US senator is calling out the Biden Administration after the president vetoed a digital asset bill that passed the House and the Senate. In a new statement on the social media platform X, Republican Senator Cynthia Lummis of Wyoming says that the Biden Administration is attempting to skirt the law by vetoing a …
Bank Manager Steals $208,939 From Customer, Drains Accounts Before and After Victim’s Demise: US Department of Justice
A former bank manager has admitted to stealing from a customer’s accounts in a scheme that lasted even after the victim’s death. The U.S. Attorney’s Office for the District of New Jersey says 43-year-old James Gomes has pleaded guilty to one count of wire fraud affecting a financial institution. The DOJ says Gomes, who worked …
BNB, AR, XMR, and TIA set to rally — Will Bitcoin’s $70K breakout be the trigger?
Bitcoin price action could remain sideways for longer, but BNB, AR, XMR, and TIA may see some short-term gains.
What’s behind the nearly $1 billion surge in blockchain gaming investments
The following is a guest post from Yaniv Baruch, COO at Playnance. The first quarter of 2024 reinvigorated investors’ sentiment in the crypto market. With the landmark litigation against the SEC ending, US investors have finally received access to spot Bitcoin ETFs. This opened the doors to Web3 for large institutional investors: the weekly net …
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Bitcoin miner balances fall below 1.81 million BTC, lowest in years post-halving
Onchain Highlights DEFINITION: Balances in miner wallets are the total supply held in miner addresses. Bitcoin miner balances have shown significant shifts in recent months. The balance in miner wallets has seen a steady decline since late 2023, reaching lows not seen in years, reflecting miners’ responses to the recent Bitcoin halving in April 2024. …
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Pro-Bitcoin President Bukele Begins Second Term in El Salvador
The pro-bitcoin president of El Salvador, Nayib Bukele, commenced his second term on June 1 at the National Palace in San Salvador, with his family and a large crowd in attendance. Despite rising economic concerns, Bukele’s popularity remains robust. His administration’s notable policies include adopting bitcoin as legal tender. During his first term, over 80,000 …
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Musk vs. Nakamoto: A 210% Bitcoin Surge Could Change the World’s Wealth Rankings
At this moment, Tesla’s Elon Musk holds the title of the wealthiest individual on the planet, as reported by the Forbes Real Time Billionaires list on June 1, 2024. However, there exists a potential future where Bitcoin’s creator, Satoshi Nakamoto, could surpass Musk’s fortune. Given the current value of BTC, the price would need to …
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Bitmain Launches Antminer L9 With Enhanced 16 GH/s Capacity for Scrypt-Based Coins
Bitmain has announced the release of the Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that use the Scrypt algorithm, such as litecoin and dogecoin. The company reports that this new model provides 16 gigahash per second (GH/s) in hashing power and achieves an energy efficiency of 210 joules per gigahash (J/G). …
Sleepy Crypto Market ‘May Get Caught Offside’: QCP Capital Eyes Bullish Shift in Ethereum
This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from the Mt Gox distribution, estimated at $9.6 billion, and from the DMM Bitcoin …
Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD
This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers yield earnings on holdings, has exceeded the $3 billion threshold. As of …
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Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in Texas
Republican Senator Ted Cruz from Texas has announced that he purchased three application-specific integrated circuit (ASIC) bitcoin miners. “I just bought 3 Bitcoin miners that started hashing today in Iraan, TX,” the Senator stated on X this week. “I’m proud to join the ranks of Texas bitcoin miners,” he added. Cruz is an ardent advocate …
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Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives
The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a significant decline in the number of wrapped bitcoins in circulation, with more than 32% of …
Overlooked Indicator Hinting at ‘Stealth’ Bitcoin (BTC) Rallies to Fresh New All-Time Highs: Jason Pizzino
A closely followed crypto analyst says that one under-the-radar indicator is hinting at a sudden Bitcoin (BTC) rally to new all-time highs. In a new video update, crypto strategist Jason Pizzino tells his 328,000 YouTube subscribers that the top crypto asset by market cap has historically made “stealth moves” to the upside when its average …
‘Hundreds of Trillions’– Sergey Nazarov Says 2024 Is Year Crypto and Global Financial System Merge
Chainlink (LINK) co-creator Sergey Nazarov says this could be the year that sees a great merger between blockchain and the traditional global financial system. In a speech at the Consensus 2024 conference, Nazarov says the market for on-chain assets is more than $100 trillion. The Chainlink co-creator shares a chart showing that the $2.7 trillion …