The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121, a bulletin that leaves banks and financial institutions out of the cryptocurrency custody provider market. However, the resolution, advanced with bipartisan support, is unlikely to be passed at a vote on the House floor, according […]
From Low to High — Bitcoin Fees Jump Over 129% in 4 Days
After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $ 11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation …
From Learning Scientific Communism in the Soviet Union to Pioneering Fintech Entrepreneur – LHV Founder Rain Lõhmus
Rain Lõhmus is the founder of LHV Group, a public financial company listed on the Nasdaq Tallinn Stock Exchange in Estonia. He recently joined the Bitcoin.com News Podcast to talk about his experiences with cryptocurrency ventures as well as the banking business. Rain shared the story of his early days, how he first got interested […]
Crypto Exchange Bitforex Suspends Withdrawals Following $56.5M Drain From Hot Wallets
Bitforex, a centralized cryptocurrency exchange, abruptly halted user withdrawals. This sudden action occurred just moments after a reported $ 56.5 million was removed from the platform’s hot wallets. According to online crypto investigator Zachxbt, the Bitforex team has ceased all communication with users. No Official Word From the Bitforex Team On Feb. 23, Bitforex, …
Kyberswap Hack: Blockchain Security Firm Reports Movement of 800 ETH From Exploiter’s Address
Blockchain security firm Peckshield revealed on Feb. 26 that an exploiter labeled address associated with the Kyberswap hack had bridged approximately 800 ether tokens from Arbitrum to the Ethereum blockchain. On the same day, the Kyberswap team unveiled revised dates for reimbursing users impacted by the hacking. Kyberswap Hacker Starts Moving Funds Peckshield Alert, a […]
Quoth the Raven’s U-Turn: From Bitcoin Skeptic to Believer, Envisions a New Era of Financial Freedom
In a candid interview about his past skepticism towards bitcoin, Chris Irons, also known as ‘Quoth the Raven,’ founder of Quoth The Raven Research, has taken on a transformative journey from doubt to belief in the leading digital currency. During an episode of the “What Bitcoin Did” podcast with Peter McCormack, Irons explains his newfound […]
Gauntlet Withdraws From Aave Partnership, Citing Governance Challenges
Gauntlet has decided to withdraw from its role as Risk Steward for Aave, pointing to governance and operational challenges as the main reasons. This announcement marks the end of a four-year collaboration that has helped in growing Aave. Gauntlet Ends Partnership With Aave Due to DAO Disputes Gauntlet, a blockchain risk management firm, has officially […]
Startale Labs Secures $3.5M in Funding to Boost Web3 Innovation; Gains Support From Samsung Next and UOB
Startale Labs disclosed this week that it has garnered an additional $ 3.5 million in funding from UOB Venture Management. This latest seed funding round elevates the startup’s total investment to $ 7 million, which is earmarked for enhancing the firm’s Web3 offerings. Startale Labs Bags $ 3.5M Capital Injection From UOB …
Blockchain-Focused Super Pac Raises Millions From Crypto Magnates in January
According to a recent report, a super political action committee (PAC) focused on the cryptocurrency industry has secured $ 4.9 million in contributions from Cameron Winklevoss and Tyler Winklevoss. Additionally, the super PAC named Fairshake amassed $ 6.3 million in funds last month, as per records from the federal elections. Crypto Leaders Amplify …
Australian Police Officer in Court for Stealing Nearly 82 BTC From Seized Drug Trafficker’s Wallet
An Australian police officer recently appeared in a Melbourne court where he faced charges of stealing 81.616 bitcoins from a crypto wallet seized from drug traffickers. After initially blaming the drug traffickers,’ the Australian Federal Police later reopened the case after an expert found evidence linking the theft to a former police officer. The accused […]
US EIA Starts Requiring Energy Consumption Data From Cryptocurrency Miners
The U.S. Energy Information Administration (EIA), a statistics agency of the U.S. Energy Department, has sent letters to cryptocurrency miners requiring data related to energy consumption and configuration of their mining sites. According to one of the letters posted on social media, miners have until February 23 to report the info regarding the activities carried […]
Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023
According to Chainalysis’ report on money laundering trends, the value of crypto transferred by illicit addresses in 2023 fell by nearly $ 10 billion from $ 31.5 billion to the latest $ 22 billion. The report attributes the drop to the overall decline in both legitimate and illicit crypto transaction volumes in …
Bitcoin Technical Analysis: BTC Bulls Retreat From Near $49K Peak
Dydx Foundation Receives $30M From Community Treasury to Propel Strategic Initiatives
This week, the Dydx Foundation revealed it has secured a $ 30 million allocation from the Dydx Chain Community Treasury. This financial infusion is designated to extend the foundation’s operational capacity by an additional three years, facilitating the execution of the project’s strategic roadmap. Community Treasury Allocates $ 30 Million to Dydx Foundation …
Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App
Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent order from the Office of the Comptroller of the Currency (OCC). Vast Bank Closes Cryptocurrency App, Exits Digital […]