Bitcoin (BTC) tapped lows beneath $41,700 after the Dec. 15 Wall Street open as BTC price action fielded fresh sell-side pressure. BTC/USD 1-hour chart. Source: TradingView Bitcoin balks at SEC Coinbase rejection Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving over $1,300 or 3.2% on the day. The largest cryptocurrency, fresh from a recovery from snap volatility the…
The Ethereum community has officially signed off on the ERC-3643 Ethereum Improvement Proposal (EIP), establishing it as a recognized standard for compliant tokenization of real-world assets (RWAs). According to a Dec. 15 announcement, the proposal reached its final status, meaning it has been formally reviewed, discussed, and agreed upon within the Ethereum community. That’s a similar process to the way ERC-20…
Crypto community members have posted their responses to the Ledger Connect Kit exploit that affected multiple decentralized applications (DApps) across the Web3 space. On Dec. 14, a hacker attacked the front end of multiple DApps using Ledger’s connector. The exploiter breached major apps like SushiSwap, Phantom and Revoke.cash, and stole at least $484,000 in digital assets. Ledger announced that they…
The U.S. Securities and Exchange Commission is “taking a new look” at applications for a spot Bitcoin ETF, following October’s landmark court ruling on Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) into an ETF. In an interview with CNBC Thursday, Gensler said that the regulator is reviewing “between eight and a dozen filings.” “We had in the past…
Meme coin of the moment Bonk (BONK) and the blockchain it runs on continue to attract substantial investor interest. Right now, Solana-based BONK is the best-performing cryptocurrency and has soared 101% in the past 24 hours, according to CoinGecko. The dog-themed token is trading hands for $0.00002913. In the past seven days, it has risen by over 130%. And over…
There’s a new SocialFi player in town, with an ambitious plan to help users and businesses navigate the latest changes to Twitter’s algorithm and fight the bots. SocialFi startup Reach today announced that its “fit-for-purpose” protocol, powered by its Ethereum-based REACH token, is rolling out of beta and on track for a full launch on Monday. The company also announced…
A study from two Europe-based nonprofits has found that Microsoft’s artificial intelligence (AI) Bing chatbot, now rebranded as Copilot, produces misleading results on election information and misquotes its sources. The study was released by AI Forensics and AlgorithmWatch on Dec. 15 and found that Bing’s AI chatbot gave wrong answers 30% of the time to basic questions regarding political elections…
As talk of the Bitcoin halving, exchange-traded funds and other macro factors seem to point to the beginning of the next bull market cycle for crypto, many might be considering starting a career in this space. It happens to many people involved with Bitcoin (BTC), blockchain or cryptocurrencies. At first, they are “investors” researching and buying assets in a new…
Renewable Bitcoin mining firm Iris Energy is set to increase its total hash rate to 10 exahash per second (EH/s) in 2024 by acquiring new Bitmain T21 mining rigs. The company announced that it had acquired an additional 1.6EH/s of Bitmain T21 miners, set for delivery in the second quarter of 2024. The company currently has 5.6 EH/s of operational…
The COVID-19 pandemic, rampant inflation and regional conflicts directly influenced Bitcoin’s (BTC) drop in value over the past two years. However, 2024 promises to be a resurgent period, according to Blockstream CEO Adam Back. The cryptographer, who pioneered the proof-of-work algorithm applied in Bitcoin’s protocol, tells Cointelegraph that the preeminent cryptocurrency is trailing below the historical price trend line of…
