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Crypto News

Avalanche Mainnet Upgraded with Cortina Release, Enhancing Network Capabilities

Avalanche has activated the Cortina upgrade on its mainnet, implementing changes to optimize the network for developers. The upgrade migrated the X-Chain to run the Snowman++ consensus, allowing for integration of Avalanche Warp Messaging and enabling complex X-Chain transactions. The upgrade also increased the C-Chain block gas limit from 8 million to 15 million gas, accommodating deployment of more complex dApps on the network. The upgrade comes as the C-Chain sees a resurgence, with daily transactions more than tripling year to date.

theblock - 1216 ngày trước

ChatGPT Plugin Update Brings AI-driven Blockchain Data Access to Solana

Solana Labs announced that users of the Solana network will soon be able to interact with ChatGPT, an AI chatbot developed by OpenAI, using an open-source plugin. The plugin will allow users to check wallet balances, transfer Solana-native tokens, and purchase non-fungible token (NFTs). While some have questioned the benefit of the integration, Solana Labs is offering $1 million in funding towards AI projects on its blockchain.

cointelegraph - 1216 ngày trước

Crypto Giant Uniswap Dominates Market with $1.5 Trillion Trading Volume

Uniswap, one of the largest decentralized exchanges, has maintained its dominance in the Decentralized finance (DeFi) market with over $4 billion in total value locked (TVL). Uniswap's trading volume surpassed $1.5 trillion in April, driven by an influx of investors after the U.S. regulatory clampdown and banking crisis. The platform has surpassed its centralized counterpart, Coinbase, for the second month in a row, with increased transaction counts and daily active users reaching a notable high since May 2021.

CryptoPotato - 1216 ngày trước

Google Cloud Unveils Shocking Web3 Integration

Google Cloud launches Web3 Startups Program, offering unique benefits such as a private Discord channel, Web3 training courses, and grants from major partners like Aptos, Celo, Flow, HBAR Foundation, Near, and Solana Foundation. The initiative aims to provide reliable, scalable, and sustainable infrastructure for Web3 startups, with up to $200,000 in Google Cloud credits over two years. The program focuses on supporting fast-paced Web3 innovation and accelerating adoption in the ecosystem.

Decrypt - 1216 ngày trước

Visa Unveils Ambitious Ethereum-Based Crypto Product Roadmap

Visa plans to expand into the Web 3.0 industry by hiring senior software engineers to develop scalable Web 3.0 products, as stated by Visa's head of crypto Cuy Sheffield. The job advertisement seeks software engineers with knowledge of public and permissioned DLT networks, security protocols, and Ethereum smart contract capabilities. Visa is expected to utilize the Polygon network to scale its Ethereum smart contract capabilities in Web 3.0 development. The move was applauded by the cryptocurrency community, including Circle co-founder and CEO Jeremy Allaire.

Coinspeaker - 1216 ngày trước

Coinbase Sues U.S. SEC Over Lack of Regulatory Clarity in Crypto

Coinbase has sued the U.S. SEC for regulatory clarity for the crypto industry, requesting a court to press the SEC to respond to its rulemaking petition within seven days. The SEC has not commented on Coinbase's request for clarity on the treatment of staking services. The lack of formalized decision-making from the SEC has created uncertainty for crypto companies and blocked them from adequately preparing for the future, as Coinbase argues there is no clear or workable regime in place in the US for smooth functioning of the market.

Blockworks - 1217 ngày trước

Ethereum Staking Sees Record Inflow of 572k ETH After Shanghai Upgrade

The recent Ethereum upgrade, Shanghai, saw a record-breaking weekly inflow of ether (ETH) deposits for staking, with investors depositing 571,950 ETH tokens worth over $1 billion. Institutional staking service providers and investors reinvesting rewards after withdrawal were the main drivers. The upgrade allowed for the withdrawal of tokens previously locked-up in staking contracts for the first time, resulting in the largest weekly token inflow in ether staking's history. Top institutional-grade staking service providers staked 235,330 ETH worth around $450 million since the upgrade.

coindesk - 1217 ngày trước

Solana Takes Lead in Blockchain Carbon Footprint Transparency

The Solana Foundation, partnering with data platform Trycarbonara, has launched a real-time carbon emissions tracking dashboard for the Solana blockchain. As the first major smart-contract blockchain to offer real-time emissions tracking, Solana aims to set a new standard for transparency in the sector. The dashboard displays indicators like total node count, megawatt-hours, and carbon emissions averages, and offers comparison charts for various activities. The initiative aligns with global efforts to use blockchain technology for monitoring carbon emissions.

cointelegraph - 1217 ngày trước

Russia Becomes Second Largest Bitcoin Miner After U.S.

Russia has become the second largest Bitcoin miner globally, after the U.S., according to a Kommersant report citing BitRiver data. Amid increasing U.S. crypto mining regulation, Russia's mining capacity reached 1 gigawatt (GW) between January and March. The U.S. led with 3-4 GW, while the Persian Gulf, Canada, and Malaysia followed in the top 10. Russia previously held third place at the end of 2021, as per the Cambridge Center for Alternative Finance.

Forkast - 1217 ngày trước

Zimbabwe Introduces Gold-based Digital Currency To Combat Inflation

The Reserve Bank of Zimbabwe is launching a gold-backed digital currency as legal tender to combat continued depreciation of the Zimbabwean dollar against the US dollar. The move will enable small amounts of Zimbabwean dollars to be exchanged for the digital gold token, giving citizens a chance to hedge against currency volatility. Zimbabwe has suffered from currency volatility and inflation for over a decade and has been printing their "own money" on scraps of paper.

cointelegraph - 1217 ngày trước

Bitcoin Set to Explode to $100K by end-2024, Standard Chartered Claims

Standard Chartered suggests Bitcoin could hit $100,000 by 2024, indicating the end of the "crypto winter." Factors driving this potential surge include banking sector turbulence, stabilization of risk assets as the U.S. Federal Reserve concludes its rate-hiking cycle, and enhanced crypto mining profitability. Though uncertainties persist, the path to $100,000 is becoming more apparent. Bitcoin has rallied this year, crossing $30,000 in April, rebounding after the massive crypto sector downturn in 2022 due to rate hikes and failing crypto firms.

Reuters - 1218 ngày trước

Dormant Ethereum ICO Participant Wakes Up After 7.7 Years

An Ethereum address that participated in the initial coin offering (ICO) has become active after 7.7 years, transferring one ether to a new address, possibly for a test transaction. This was the wallet's first outgoing transaction, and it received 2,365 ether during Ethereum's genesis, now worth around $4.42 million. Ether was priced at $0.31 during the ICO, but its current value is approximately $1,860, according to on-chain analysis by Lookonchain.

theblock - 1218 ngày trước

Ukrainian Government to Adopt EU's Crypto Market Rules

Ukraine plans to follow in the European Union's footsteps by implementing the crypto market rules approved by the European Parliament. The National Securities and Stock Market Commission of Ukraine (NSSMC) is working on the launch of the virtual assets market in Ukraine based on the MiCA regulation. While the nation's crypto tax rules are yet to be introduced, the Lviv Office of the State Tax Service has clarified that income from cryptocurrency transactions will be included in the total annual taxable income of private individuals.

Bitcoin News - 1218 ngày trước

Shiba Inu Burn Rate Soars, Whale Accumulates Tokens

The Shiba Inu community burned over 1.8 billion tokens in the past week, with more than 27 million entering the dead wallet recently. Shibburn data revealed a single wallet burned 15 million SHIBs, contributing to a 244.69% burn rate increase on April 21. A whale, BlueWhale0073, also accumulated 311,998,734 SHIBs, spending $3,325,906. Despite these events, SHIB's price remains unaffected. Binance moved SHIB out of its innovation zone, recognizing its growth, while ShibaSwap 2.0 is anticipated soon.

Twitter - 1219 ngày trước

Russia Explores Collaboration on International Digital Currencies

The Bank of Russia announces that the platform for the digital ruble will be capable of operating with various state-issued digital currencies. As the system underpinning Russia's central bank digital currency (CBDC) evolves, representatives of the Russian monetary policy regulator are working on mechanisms for interaction with digital coins issued by other countries' central banks. Officials have highlighted various models for interaction between the digital ruble and other CBDCs, such as two-way integration or an international digital platform facilitating multi-issuer interactions.

Bitcoin News - 1219 ngày trước

"Proof of Reserves' Bill Gets Texas House Approval

The Texas House of Representatives has approved a bill requiring crypto exchanges to maintain sufficient reserves to fulfill obligations to digital asset customers. The legislation amends the state's Finance Code, ensuring customers can fully withdraw their assets and prohibiting commingling of customer deposits with other accounts. Introduced by Republican Giovanni Capriglione, the bill addresses the "proof of reserves" issue. Exchanges must submit annual reports on deposits and assets, and customers can access quarterly accountings of liabilities and reserves. Non-compliant service providers may have their licenses suspended or revoked.

Decrypt - 1219 ngày trước

10-Year Dormant Satoshi Era Bitcoin Wallet Suddenly Active

A dormant Bitcoin wallet from the Satoshi era with 1,128 BTC worth $31.5 million has been activated after 10.5 years. The whale transferred 279 BTC worth $7.8 million to three new addresses, as per Lookonchain. Despite being known for coin dormancy, the Bitcoin network is seeing increased activity with over 270K daily organic transactions and a rise in hodling, as noted by Glassnode's recent report. Bitcoin's percent supply last active over five years has reached an all-time high of 28.58%.

U.Today - 1220 ngày trước

Abu Dhabi Global Market Seeks to Build Decentralized Economic System

Abu Dhabi Global Market's (ADGM) Registration Authority has proposed a legal framework for Distributed Ledger Technology (DLT) foundations, addressing governance, control, beneficiaries, and liquidation. The proposals aim to create a standalone DLT foundation framework, with a minimum asset value of $25,000, and recognition of token holder's legal status. The authority is seeking feedback on the proposals until May 12, 2023. The proposal highlights the opportunity for a standalone DLT foundations framework, recognizing token holders' legal status, and emphasizing transparency, fairness, and audited annual account submissions.

Watcher Guru - 1220 ngày trước

Gemini Plans to Open Offshore Crypto Derivatives Platform Amid U.S. Regulatory Hurdles

Gemini, the popular cryptocurrency exchange founded by the Winklevoss twins, is set to launch an offshore derivatives platform amid tightening regulations in the United States. The new division, called Gemini Foundation, will introduce perpetual bitcoin and ether contracts denominated in Gemini dollars. The contracts will not have an expiration date, unlike traditional derivatives. The move comes as crypto exchanges face heightened scrutiny from US regulators, prompting Gemini to seek opportunities overseas.

coindesk - 1220 ngày trước

Data Shows Bitcoin Lightning Network Fees 1,000x Less Than Visa And Mastercard

According to Glassnode, Bitcoin's Lightning Network has much cheaper median fee rates than traditional payment networks, with a fee rate of 0.0029% per 1 BTC sent across the network, equivalent to 3,000 Satoshis or $0.84 to send $28,800 worth of value. This is 1,000 times cheaper than MasterCard or Visa payment processors, which charge around 2-3% per transaction. This demonstrates that the Lightning Network is not only fast but also low-cost, offering businesses and users a cheaper alternative to legacy payment networks.

cointelegraph - 1220 ngày trước

US First Bitcoin-Enabled Real Estate Marketplace Launches via Coinbase Integration

Real estate marketplace MyEListing is set to launch the United States' first bitcoin-enabled real estate marketplace via Coinbase integration. Buyers can purchase U.S. real estate properties with bitcoin or cash. The platform will allow worldwide users to purchase properties within one business day and provide faster transaction times than current averages. The platform initially launches for Texas-only properties with plans to expand to other select states in June 2023. MyEListing's CEO, Caleb Richter, said the program will "drive innovation in the crypto and real estate industries."

Bitcoin Magazine - 1220 ngày trước

Telegram Wallet Unleashes Bitcoin Trading Options

Telegram has introduced a new feature for peer-to-peer Bitcoin (BTC) trading via its @wallet web interface. Users can now buy, withdraw, exchange, and make P2P transactions with BTC through the platform. The updated interface allows instant swaps between Bitcoin, Tether (USDT), and Telegram Open Network (TON). This move marks Telegram's efforts to expand its cryptocurrency services and become a major player in the evolving digital finance landscape as crypto adoption continues to grow.

Finbold - 1221 ngày trước

'Rich Dad Poor Dad' Author Robert Kiyosaki Forecasts Bitcoin to Hit $100,000

Robert Kiyosaki, the author of "Rich Dad Poor Dad," predicts that the price of Bitcoin will reach $100,000. Kiyosaki cites the decentralized nature of Bitcoin, free from government intervention, as the main reason for his bullish outlook. Despite Bitcoin's market fluctuations, Kiyosaki remains steadfast in his prediction and encourages investors to consider diversifying their portfolios by investing in BTC. His love for Bitcoin began after its meteoric rise to $20,000 and purchase of significant amount when the price was $6,000.

U.Today - 1221 ngày trước

Bitcoin Network Strengthens as Mining Difficulty Hits Record High of 48.71T

Bitcoin's mining difficulty has reached a record high of 48.71T, increasing by 1.72% at block height 786,240, as reported by BTC.com. This comes after a year of significant fluctuations, starting from 29.79T on April 27, 2022, representing a 63.54% increase in mining difficulty over the year. Despite the bear market, the average hashrate of the entire Bitcoin network also reached a new peak of 348.6 EH-s. The record high mining difficulty reflects the strength and resilience of the Bitcoin network, attracting more miners and investment, and enhancing network security.

U.Today - 1221 ngày trước

Gemini Announces Expansion to India Amid U.S. Crypto Exodus

Gemini crypto exchange, led by the Winklevoss twins, is expanding its global engineering and operations teams by opening a new office in Gurgaon, India. This comes amid an ongoing crackdown on the industry in the US. The India office will become the second-largest Gemini engineering hub, focusing on developing next-generation web and mobile experiences, compliance, security, and payments, as well as feature sets for NFT and crypto asset marketplaces.

BeInCrypto - 1221 ngày trước

Gemini Announces Expansion to India Amid U.S. Crypto Exodus

BeInCrypto - 1221 ngày trước

EU Parliament Approves MiCA Legislation to Regulate Crypto

The European Parliament has passed the Markets in Crypto-Assets Act (MiCA), which sets standard regulations and harmonized rules for crypto assets at the EU level. The regulation will provide legal certainty for the crypto industry and investors by establishing guidelines for the operation, structure, and governance of issuers of digital asset tokens. MiCA's passing is seen as a milestone for the crypto asset industry, but it still needs approval from the European Council before becoming effective regulation.

cointelegraph - 1221 ngày trước

Societe Generale's SG Forge Launched Euro Stablecoin on Ethereum Network

Societe Generale's crypto division, SG Forge, has unveiled EUR CoinVertible (EURCV), a euro-pegged stablecoin on the Ethereum blockchain, claiming it as the first asset of its kind on a public blockchain. The Paris-based bank's unit plans to offer EURCV to institutional clients to bridge the gap between traditional capital markets and digital assets. SG Forge aims to address the growing demand for a robust settlement asset for on-chain transactions and provide a means for on-chain liquidity funding and refinancing.

coindesk - 1221 ngày trước

Coinbase Gains Bermuda License, Offshore Exchange Debut Expected Soon

Coinbase has received a Class F License under the Digital Asset Business Act from the Bermuda Monetary Authority, enabling it to operate as a digital asset exchange and derivatives exchange provider. The crypto exchange reportedly plans to launch a derivatives exchange in Bermuda as soon as next week. Coinbase cites clear regulations and a favorable tax environment as key reasons for choosing Bermuda as one of its financial hubs.

cointelegraph - 1221 ngày trước

"Pepe the Frog" Token Sparks Attention as Sixth Largest Meme Coin

Pepe (PEPE), a new meme coin named after the famous frog meme created by Matt Furie, has entered the market, becoming the sixth-largest meme coin in terms of market capitalization, valued at $130 million. The number of PEPE tokens in circulation is 420.69 trillion, with 29,756 holders. The token is built on the Binance Smart Chain and is designed to support various meme projects. The creators of the token hope to expand its use beyond the meme community and into mainstream adoption.

coinmarketcap - 1221 ngày trước

Massive Satoshi-Era Whale Address Wakes, Crypto Community Intrigued

A long-dormant Bitcoin wallet holding 6,071 BTC ($178 million) has been activated after 9.3 years, sparking curiosity in the cryptocurrency community. With its value rising from $3.3 million in 2013, the wallet owner now holds a massive $173 million profit. Crypto analyst Ki Young Ju suggests the 2,071 BTC transfer was likely an over-the-counter trade. Market participants will watch for further movements from this whale address and potential market implications.

U.Today - 1222 ngày trước

Romania Enters NFT Market with MultiversX Platform for Government Services

Romania's National Institute for Research and Development in Informatics (ICI) and MultiversX launched "ICI Decentralized Services," an NFT trading platform. " The platform will be launched on April 26 and will feature Romanian sports teams, athletes, libraries, and an NFT collection titled "Past Present Future" showcasing scientific breakthroughs over the past half-century. The ICI plans to tokenize institutional ecosystems, such as education, intellectual property, and real estate, to develop a framework for a sustainable and secure economy, benefiting citizens, businesses, and institutional entities in decentralized digital ecosystems.

Blockworks - 1222 ngày trước

Tesla's Q1 Report Shows No Change in Bitcoin Holdings

Tesla did not make any transactions with bitcoin during the first quarter of 2023, according to the company's earnings release. The value of digital assets held by the electric car manufacturer at the end of the quarter was $184 million, unchanged from the previous quarter. Despite the price of bitcoin rising from $16,500 to $28,500 during Q1, Tesla did not book any gains due to current accounting rules. The company did not alter its bitcoin holdings for the third consecutive quarter.

coindesk - 1222 ngày trước

Australia Sees Rapid Growth in Bitcoin ATM Installations, Surpassing Asia

Australia has overtaken Asia in terms of total crypto ATMs installed, recording 364 Bitcoin ATMs, while Asia hosts only 355. Australia has been actively adding Bitcoin ATMs since the beginning of 2023, consistently climbing the ranks to become the third-largest network of Bitcoin ATMs. In contrast, leading European nations and the US reported a reduction in ATM installations during the same period. The rise in crypto ATM installations in Australia reflects the country's growing interest and adoption of cryptocurrencies.

cointelegraph - 1222 ngày trước

Hong Kong Court Officially Labels Cryptocurrencies as Property in Ruling

A court in Hong Kong has ruled that cryptocurrencies have property attributes and can be held in trust in a case involving defunct crypto exchange Gatecoin. Judge Linda Chan acknowledged that crypto can form the subject matter of trust and noted that the definition of "property" in Hong Kong is intended to have a wide meaning. The ruling could give insolvency practitioners greater clarity on digital assets and aligns Hong Kong with other jurisdictions that consider crypto to be property.

cointelegraph - 1222 ngày trước

Kraken Approved as Virtual Asset Service Provider in Ireland

Kraken’s Irish subsidiary, Payward Europe Solutions, has been granted virtual asset service provider (VASP) authorization from the Central Bank of Ireland, becoming the third cryptocurrency outlet to receive such authorization, after Gemini and Coinbase. The approval comes ahead of the European Union’s final vote on the Markets in Crypto Assets (MiCA) regulation, which is expected to pass. If implemented, the MiCA legislation will require any company operating as a crypto assets service provider (CASP) in the EU to register with one of the union’s 27 authorized regulators.

cointelegraph - 1223 ngày trước

Africa's Blockchain Sector Records 5x Funding Surge in 2022

Blockchain venture funding in Africa increased by nearly 430% in 2022 to reach $474 million, according to the African Blockchain Report 2022, published in cooperation with Standard Bank. Seychelles and South Africa accounted for 81% of the total funding. Africa's blockchain-focused annual funding growth was 759% higher than Asia, the report added. Furthermore, Africa was the only region to see an increase in median deal size, which reached $1.5 million in 2022.

Finbold - 1223 ngày trước

Cardano DeFi Ecosystem Sees Massive Growth, TVL Surges By 172% in Q1: Messari

Cardano, the seventh-largest crypto network, had a positive Q1 2023 with significant growth in market cap and total value locked in DeFi, according to Messari. The network saw a 172% growth in DeFi TVL, which reached $138.3 million at the end of the quarter, mainly driven by the growth of established ecosystem protocols and adoption of newer protocols and stablecoins. Stablecoin volume on Cardano grew faster than the network's TVL, with Indigo's IUSD and Djed's DJED contributing the most volume.

coinjournal - 1223 ngày trước

Russian Central Bank Permits Crypto Use for International Trade

The Central Bank of Russia will permit to test cryptocurrency for international business in a controlled environment. Governor Elvira Nabiullina, who had previously called for a ban on crypto, said cryptocurrency could be used for external settlements. A draft bill is being prepared and regulatory bodies will oversee the experiment. The move aims to help Russian importers and exporters, who have limited access to international markets due to sanctions.

Watcher Guru - 1223 ngày trước

UAE Regulator to Accept Crypto Service Applications

The Securities and Commodities Authority (SCA) in the United Arab Emirates (UAE) has approved a licensing regime for virtual asset service providers, requiring companies to obtain approval except for those already licensed in financial free zones. Firms must also demonstrate "operational efficiency and flexibility" and meet operational standards. Dubai and Abu Dhabi have already implemented licensing frameworks for crypto firms, and companies in Dubai must obtain a license from the Virtual Assets Regulatory Authority in addition to SCA approval. Amendments have been made to the virtual asset rulebook from 2022.

coindesk - 1223 ngày trước