Crypto Biz: X payment system, Block moves into Bitcoin mining and more
This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more. Go to Source
Month: April 2024
Acinq to Withdraw Phoenix Wallet From US Markets Amid Regulatory Concerns
On Friday, April 26, Acinq announced that its Lightning Network bitcoin wallet, Phoenix, will cease services for U.S. residents from May 3, 2024. This announcement followed closely on the heels of the Samourai Wallet indictment and what is perceived as a targeted U.S. government effort against financial privacy and non-custodial solutions. Lightning Network Platform Phoenix … Read more
John Deaton files amicus brief in support of Coinbase appeal against SEC
The lawyer said he had filed a brief on behalf of 4,701 Coinbase customers for no charge as part of his advocacy work in the crypto space. Go to Source
EU DeFi regulations set to welcome big banks, challenge crypto natives
New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects. Go to Source
Contrary to Crypto Influencer Hype, Data Reveals ‘It is Not Altcoin Season’
Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since early April, signaling that an altcoin season is unlikely … Read more
Biden’s Homeland Security team taps tech elite for AI defense board
The board includes the CEOs of Adobe, Alphabet, Anthropic, AMD, AWS, IBM, Microsoft, and Nvidia, as well as other business, civil rights, and academic leaders. Go to Source
Bitcoin price holds steady amid spot BTC ETF outflows and uptick in unfriendly regulation
Bitcoin price holds above $63,000 even as regulatory enforcement ramps up and spot BTC ETF outflows raise concern. Go to Source
Custodia Bank takes case to higher court after March setback
Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account. Go to Source
Liquid staking on BNB Smart Chain, millions stuck in DeFi bridge contracts: Finance Redefined
Arkham Research notified DeFi wallet owners to look at the addresses and try to retrieve their funds, which have been stuck for months in bridge contracts. Go to Source
Bullish Market Gains Ground After Bitcoin Halving: Meme Coins Like Shiba Inu, Pepe, and Raboo See Gains
The crypto landscape has again been transformed by the recent Bitcoin halving event, setting the stage for a bullish market trajectory that has energized investors. Particularly noteworthy is the surge in meme coins, which have carved a niche of vibrant growth and innovation within the broader crypto market. Among these, Shiba Inu, Pepe, and the … Read more