Following the recent arrest of Telegram CEO Pavel Durov in France, the messaging platform is facing escalating legal challenges across multiple countries. Local media reports indicate that Indonesia is contemplating a ban on Telegram due to its alleged facilitation of pornography and online gambling activities. Global Scrutiny On Telegram According to a local media report, …
Monthly archives: August 2024
Ethereum Will Remain Bearish Until This Key Trading Reading Changes
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His …
Continue reading “Ethereum Will Remain Bearish Until This Key Trading Reading Changes”
Polygon On-Chain Activity Lights Up: MATIC Reversal Incoming?
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been …
Continue reading “Polygon On-Chain Activity Lights Up: MATIC Reversal Incoming?”
Elon Musk, Tesla beat Dogecoin manipulation lawsuit
A US District Court Judge dismissed the lawsuit, saying that “no reasonable investor” could rely on Musk’s Dogecoin tweets for investment decisions.
Ripple CLO Stuart Alderoty Challenges SEC OpenSea NFT Wells Notice, Citing 1976 Art Gallery Ruling
The chief legal officer of the crypto firm Ripple is publicly issuing a challenge to the U.S. Securities and Exchange Commission (SEC). Yesterday, the CEO of the world’s largest non-fungible token (NFT) marketplace, Devin Finzer of OpenSea, announced that the SEC had slapped OpenSea with a Wells Notice. A Wells Notice is a warning issued …
Bitcoin mining CEO eyes hashrate contracts to offset rising costs
The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners.
Threshold Network proposes acquisition of BitGo’s WBTC to address centralization worries
Threshold Network has proposed to acquire BitGo‘s Wrapped Bitcoin (WBTC) product, offering $36.4 million worth of their native T tokens. The move aims to transition WBTC from centralized custody to Threshold’s decentralized model, merging it with their tBTC Bitcoin (BTC) bridge. The proposal was presented by NuCypher’s co-founder and Threshold contributor MacLane Wilkison and involves …
Bitcoin falls back to $59k after bulls fail to sustain momentum
Bitcoin (BTC) lost the momentum seen over the past day and slid below $59,000 after bulls failed to push prices past the key $61,000 price, which has previously acted as a support and resistance level. The flagship crypto fell to a low of $58,866, erasing almost all of the 3.2% gain recorded over the past …
Continue reading “Bitcoin falls back to $59k after bulls fail to sustain momentum”
Ethereum ETFs show positive flows after 9-day losing streak
Available exclusively via The unlikely reality of Bitcoin as a reserve currency Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US. Go to Source
Bitcoin miner wallet balances continue to shrink
Available exclusively via The unlikely reality of Bitcoin as a reserve currency Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US. Go to Source
Oasys partners with Japanese TradFi giant SBI Holdings to push blockchain gaming
Oasys, a blockchain platform specializing in the gaming industry, announced a strategic partnership with Japan’s financial conglomerate, SBI Holdings, according to an Aug. 29 press release. The partnership includes a financial investment from SBI Holdings, which will be used to increase the liquidity of Oasys’ native OAS tokens and support the continued expansion of its …
Continue reading “Oasys partners with Japanese TradFi giant SBI Holdings to push blockchain gaming”
Cardano Chang hard fork to redefine decentralized governance from Sept. 1
Intersect, a Cardano membership organization, announced that the highly anticipated Chang hard fork will occur on Sept. 1, according to an Aug. 29 statement shared with CryptoSlate. Intersect highlighted that the Chang hard fork is a revolutionary step for the ecosystem, marking the final phase of the network’s decentralization process, Voltaire. Intersect director Jack Briggs …
Continue reading “Cardano Chang hard fork to redefine decentralized governance from Sept. 1”
Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies not reporting any workers directly associated with their operations. Paraguayan Bitcoin …
Continue reading “Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs”
Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio In its announcement, Cipher (Nasdaq: CIFR) shared that it invested …
Hamster Kombat Finally Announces Airdrop Event Date After Several Delays
Hamster Kombat, the TON-based tap-to-earn game, has announced the date for its token generation event (TGE) and the subsequent airdrop. The team revealed that the expected event will occur on September 26th, despite reports of the project facing legal actions in Russia from alleged early investors. Hamster Kombat Reaches Milestone, Reveals Airdrop Date Hamster Kombat, …
Continue reading “Hamster Kombat Finally Announces Airdrop Event Date After Several Delays”