impact – DIGIT INFO

Bitcoin Halving Events No Longer Drive BTC Price, Report Says

DIGIT — Thu, 05 Sep 2024 00:30:08 +0000

Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital […]

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Top 5 books to learn about blockchain

DIGIT — Wed, 05 Apr 2023 11:07:00 +0000

Discover the fundamentals of blockchain technology, its use cases and its impact on various businesses through the top five books about blockchain.

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Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

DIGIT — Sat, 11 Mar 2023 18:30:16 +0000

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure […]

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New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security

DIGIT — Thu, 09 Mar 2023 21:50:51 +0000

On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets, despite the exchange not being registered in the […]

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Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin

DIGIT — Thu, 09 Mar 2023 11:15:06 +0000

The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number of inquiries” and may not be able to respond to […]

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89% still trust centralized custodians despite 2022’s collapses: Survey

DIGIT — Wed, 08 Mar 2023 05:51:11 +0000

A January survey from Paxos found that 89% of respondents still trusted “intermediaries” to hold their crypto, despite the collapses and bankruptcies in 2022.

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Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner

DIGIT — Sat, 04 Mar 2023 20:45:03 +0000

On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire Transfer Withdrawals Open Until March 10 The cryptocurrency exchange Bybit, […]

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Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits

DIGIT — Thu, 02 Mar 2023 18:30:52 +0000

During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today. While […]

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Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

DIGIT — Tue, 28 Feb 2023 01:30:04 +0000

Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that […]

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Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder

DIGIT — Sun, 26 Feb 2023 17:30:50 +0000

On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of Tron. Liquid Staking Protocol Lido Records 150,000 Ether Inflow Lido, the liquid staking platform with the highest amount […]

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