The crypto industry waits anxiously for the decision of Judge Analisa Torres of the Southern District Court of New York on the Securities and Exchange Commission (SEC) versus Ripple Corporation case. Ripple owns the popular XRP crypto token, which is currently still in the Top 10 of Coinmarketcap.com, a popular token-tracking website. The SEC charged in December 2020 that “Ripple…
Month: March 2023
BTC Moves Briefly Back Above $25,000 – Market Updates Bitcoin News
Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in today’s session. Bitcoin Bitcoin (BTC) rose back above the $25,000 level in today’s session, as market…
Ethereum Layer-2 Solution Arbitrum Announces Token Airdrop, Opens Tech Stack to Devs
Arbitrum is finally decentralizing into the hands of its community. The popular Ethereum scaling solution today announced the imminent launch of its native ARB token, joining other layer-2 projects like Optimism. The governance token will let holders vote and propose any changes that they would like to execute to Arbitrum. The project is an optimistic rollup solution, which moves network…
Coinbase expects high demand for ETH unstaking with Shanghai upgrade
Ether (ETH) stakers who have had their holdings locked up during the Ethereum Merge event might soon have access to “unstaking.“ Coinbase has announced in a tweet that unstaking requests on its platform may take the protocol weeks or months to process. According to the tweet, it expects a flood of staking withdrawal requests after the update to the Ethereum…
Coinbase expects high demand for ETH unstaking with Shanghai upgrade
Ether (ETH) stakers who have had their holdings locked up during the Ethereum Merge event might soon have access to “unstaking.“ Coinbase has announced in a tweet that unstaking requests on its platform may take the protocol weeks or months to process. According to the tweet, it expects a flood of staking withdrawal requests after the update to the Ethereum…
FTX fiasco set the approval of Bitcoin spot ETFs back: Valkyrie investment chief
In episode 11 of Hashing It Out, Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) speaks to Steven McClurg, the chief investment officer of Valkyrie Investments, about the state of Bitcoin ETFs and the way forward. Regulators in the United States of America have mounted stiff opposition against listing Bitcoin spot ETFs even though Canadian and European regulators have given the green light.…
What are fan tokens, and how do they work?
Fan tokens work by allowing fans to buy ownership in a specific asset or experience related to a sports team, celebrity or artist and giving them access to exclusive content and benefits. Teams looking to launch fan tokens collaborate with blockchain-based platforms, like Socios, to mint the tokens on a blockchain. A fan token offering (FTO) is scheduled where fans…
Bitcoin returns to $25K as Credit Suisse bailout precedes EU rate hike move
Bitcoin (BTC) rebounded for a fresh challenge of $25,000 on March 16 ahead of a key interest rate decision in Europe. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Credit Suisse stock up 40% after “decisive action” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost $1,000 versus overnight lows of $24,229 on Bitstamp. The pair remained buoyant as…
After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender – Africa Bitcoin News
The Nigerian central bank has said the recently demonetized ₦200, ₦500 and ₦1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the demonetized naira banknotes, followed a rebuke of the CBN by the outgoing Nigerian president, Muhammadu Buhari. Central Bank’s Silence and the Resulting…
$300,000 stolen by fake Blur airdrop websites
Scammers continue to prey on nonfungible token (NFT) users looking to claim Blur token airdrops through the use of numerous scam websites. According to data from TrustCheck, over $300,000 has been stolen from unsuspecting users that have linked wallets to malicious websites. The legitimate Blur platform is a newcomer to the NFT marketplace space and has made waves in the…