Former U.S. president Donald Trump seems to soften his stance on Bitcoin during a town hall event in South Carolina this week. Speaking to Fox News ahead of the state’s Republican Primary, Trump explained that “many people are embracing” Bitcoin and he’s “seeing people wanting to pay [with] Bitcoin,” and that he can “live with it one way or the…
Bitcoin’s value on Friday added another page to its unfolding story, registering just under $51,000, showing a modest decline from its 24-hour peak of $51,965 down to a trough of $50,877. Despite this dip, bitcoin’s 24-hour trading volume remains at $25.07 billion, highlighting the crypto asset’s persistent market vigor. Additionally, the leading digital currency’s market […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-btc-price-oscillation-reflects-crossroads-and-market-indecision/
Ethereum co-founder Vitalik Buterin isn’t convinced that all complex features developers want on Ethereum should be built on Layer 2 scaling solutions. People use L2s like Optimism, Polygon, and Arbitrum because they’re cheaper and faster than using Ethereum mainnet. At the time of writing, L2s are processing about 75 transactions per second (TPS) compared to Ethereum mainnet’s steady 12 TPS,…
The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident that the approved regulations will designate a sole regulatory body to oversee the cryptocurrency industry. Lack of Regulation Threatens […] Source: https://news.bitcoin.com/fatf-grey-listing-concern-prompts-kenya-to-establish-a-crypto-working-group/
Recently, Ebay, the e-commerce behemoth, implemented significant changes within its Web3 division. These changes resulted in a 30% reduction in the division’s workforce and the departure of a pivotal employee. Among those affected by this restructuring is David Moore, the founder of Knownorigin, a marketplace for non-fungible tokens (NFTs), whose post is redundant. Ebay’s Dedication […] Source: https://news.bitcoin.com/ebays-web3-division-reportedly-lays-off-30-of-its-employees/
Roughly $3.6 billion in Bitcoin options contracts across some of the largest derivatives exchanges will expire later today. What does that mean for the price of the biggest digital coin? Most of the options are on Deribit, which has $95 million, and CME, which has $1.6 billion worth of expiring contracts, according to Coinglass and CME data. In the world…
Gauntlet has decided to withdraw from its role as Risk Steward for Aave, pointing to governance and operational challenges as the main reasons. This announcement marks the end of a four-year collaboration that has helped in growing Aave. Gauntlet Ends Partnership With Aave Due to DAO Disputes Gauntlet, a blockchain risk management firm, has officially […] Source: https://news.bitcoin.com/gauntlet-withdraws-from-aave-partnership-citing-governance-challenges/
The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February in Shenzhen, and several customers are already purchasing their vehicles […] Source: https://news.bitcoin.com/digital-yuan-now-used-to-complete-car-prepurchase-payments/
Stellar has announced the introduction of smart contracts as part of its Protocol 20 update, passed by a validator vote on Feb. 20. The upgrade introduces Soroban, the new smart contracts system, to mainnet, and initiates a phased rollout for validators to monitor the performance of these transactions before scaling them at a subsequent phase. […] Source: https://news.bitcoin.com/stellar-debuts-smart-contracts-with-protocol-20-update/
Finally, humanity has found the perfect use for a $3,500 automated robot lawn mower: playing Doom, id Software’s influential first-person shooter game from 1993. After debuting at last November’s DreamHack Winter event in Sweden, outdoor power tools maker Husqvarna announced Friday that an officially authorized port of Doom will be released via a downloadable update for its NERA line of…
