Crypto

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Robert F Kennedy Jr Sees Cryptocurrency as the ‘Best’ Inflation Hedge — Says Crypto ‘Takes Control Away From the Government’

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U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” RFK Jr. Says ‘Crypto Equals … Read more

Kenya Resists US Government’s Lobbying for Worldcoin, Considers Limiting Use of Tiktok

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The U.S. government has attempted to persuade Kenyan officials to lift the suspension of Worldcoin’s operations in the country, but these overtures have been rejected, the Kenyan Interior cabinet secretary has said. The Kenyan government is also considering restricting officials’ use of the social media platform Tiktok. No Review of the Suspension Decision The Kenyan … Read more

FTX CEO Disputes Sam Bankman-Fried’s Claims of Solvency and No Harm to Creditors

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John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer and CEO Debunks Bankman-Fried’s FTX Solvency Claims John J. Ray III outlined the extensive efforts made to … Read more

Report: Bitcoin’s Mining Landscape Braces for Shift as Halving Could Slash 100 EH/s of Hashpower

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Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might be disconnected after the event. Bitcoin Miners Enjoy Revenue Boost, Yet Face Potential … Read more

From Rollups to Sidechains, L2 Watch Catalogs Dozens of Bitcoin Layer 2 Solutions

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In recent years, attention towards layer two (L2) scaling solutions for Bitcoin has persisted, though bitcoin capacity in the Lightning Network has seen a decline. In recent years, other varieties of L2 solutions have emerged, capturing the attention of the crypto community. On March 19, 2024, the lead developer at Blockchair unveiled L2 Watch, an … Read more

9 New Bitcoin ETFs Accumulate $1.3B in BTC in 6 Days as Funds Near the 500,000 Milestone

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In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In … Read more

Security Breach At Dolomite: Users Urged To Take Precautionary Measures

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The Ethereum contracts associated with the popular decentralized exchange, Dolomite, recently fell victim to a concerning approval attack, resulting in a significant loss estimated at around $1.9 million.  The old contracts of @Dolomite_io on Ethereum suffered an approval attack, resulting in a loss of ~$1.9M. The hacker exploited the batchTransfer function of the TradeDelegate contract … Read more

Pixel Game Sees Record Surge Amidst Growing Investor Interest

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The social casual web3 game, Pixel, has experienced an unprecedented surge in value over the past two weeks, reaching an all-time high. Powered by the Ronin network, Pixel has captured the attention of investors and enthusiasts alike with its innovative gameplay and potential for growth in the emerging web3 gaming space. A significant development occurred … Read more

NFT Sales Tumble 18.57% in 7 Days Amid Broad Crypto Market Retreat

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This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week of Falling NFT Sales In line with … Read more

From Peak to Present: GBTC’s Bitcoin Holdings Decrease by 266,827 BTC in 71 Days

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As of March 22, the bitcoin holdings of Grayscale’s Bitcoin Trust (GBTC) have diminished by 27,917.37 compared to its status three days prior, now amounting to 350,252 bitcoin valued at approximately $22.2 billion. Since evolving into an exchange-traded fund (ETF) listed on public exchanges, GBTC has shed billions in bitcoin over the preceding 71 days. … Read more

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