Ordinals inscriptions, also known as “NFTs on Bitcoin,” have become a popular trend in recent weeks. While they are loved by fans and appreciated by miners looking to make a profit, they have also faced criticism from blockchain purists. These inscriptions have experienced a resurgence, driving up Bitcoin transaction fees to an all-time high.Not only […]
Hardware wallet provider Ledger has announced that it will fully compensate users who were impacted by a recent vulnerability in its ConnectKit library. The compromise resulted in the theft of approximately $600,000 in digital assets from users who blind-signed on Ethereum virtual machine (EVM) decentralized applications (dApps). Ledger has committed to reimbursing the affected individuals […]
Bitcoin bull Michael Saylor believes that the approval of a spot Bitcoin exchange-traded fund (ETF) could be the most significant development on Wall Street in 30 years. Saylor compared it to the creation of the S&P index, which allowed investors to trade all 500 S&P companies at once. He explained that a spot Bitcoin ETF […]
El Salvador has become the first country to adopt bitcoin as legal tender, using it as a means to boost its economy. President Nayib Bukele has received regulatory approval to launch a bitcoin-backed “volcano bond” in 2024. This move has garnered attention and support from other leaders, such as Javier Milei, the libertarian president of […]
A security vulnerability in the iOS applications of cryptocurrency exchange OKX has been identified by blockchain security firm CertiK. The flaw could potentially allow hackers to gain unauthorized access to users’ personal data and cryptocurrencies. CertiK urged OKX users to update their apps promptly to mitigate the risks. OKX swiftly addressed the vulnerability and released […]
More details have emerged about Ethereum’s Initial Coin Offering (ICO), with revelations from an insider that could potentially destabilize the Ethereum ecosystem. Former Ethereum core developer Lane Rettig recently made a video in which he claimed that 70% of pre-mined ETH was immediately distributed, with the majority going to the Ethereum founders.These revelations have reignited […]
The U.S. Securities and Exchange Commission (SEC) has initiated additional proceedings regarding three proposed crypto exchange-traded funds (ETFs), effectively delaying their approval. The proceedings concern NYSE Arca’s proposed rule change for Grayscale’s Ethereum Futures Trust ETF and Nasdaq’s proposal for Hashdex’s spot Ethereum ETF. The SEC has raised concerns over market manipulation and has asked […]
The cryptocurrency industry is eagerly awaiting the decision of the US SEC on the Bitcoin spot ETF applications, which is expected to be announced in mid-January. While many are optimistic about the approval of the ETF, there is concern that if the applications are dismissed, it could lead to a significant downturn in the crypto […]
As the 2024 election cycle approaches, three political action committees (PACs) backed by influential figures in the cryptocurrency industry are preparing to make a significant impact with a $78 million war chest. The alliance, consisting of Fairshake and its affiliated super PACs, Protect Progress and Defend American Jobs, aims to shape the political landscape by […]
Cardano founder Charles Hoskinson is facing backlash for his past comments about XRP and its community. A year ago, Hoskinson stated that XRP had no technical or partnership value and labeled the XRP community as toxic. When questioned about his stance amidst XRP’s ongoing legal struggles with the SEC, Hoskinson doubled down on his criticism. […]
