Tether, the issuer of the world’s largest stablecoin, is undergoing a reorganization to reflect its expansion into various aspects of the digital asset space. The company has formed four divisions – Data, Finance, Power, and Edu(cation) – to signify its broadening focus beyond stablecoins. According to Tether, these divisions represent its diversified mission, with each division serving a distinct purpose.…
Crypto exchange Binance is reportedly contemplating a comeback to India’s market after being banned in late 2023, with the potential re-entry subject to a penalty of around $2 million, as per the Economic Times report on Thursday. The platform’s prospective return hinges on its registration with the finance ministry’s Financial Intelligence Unit (FIU), responsible for overseeing virtual asset commerce. Binance…
BlackRock’s (NYSE:BLK)iShares Bitcoin Trust (NASDAQ:IBIT) is closing in on Grayscale’s dominance in the Bitcoin trust market, with impressive growth despite minimal inflows. According to data released on April 17, IBIT holds a significant market share of 32.6%, just trailing behind Grayscale’s Bitcoin Trust with 36.8%. IBIT’s remarkable rise began since its approval on January 10, amassing $19 billion worth of…
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s social media post expressing that “it’s been an honor to serve” as SEC chairman sparked speculation within the crypto community that he might be resigning from his position. Many people, including lawmakers, have criticized Gensler for taking an enforcement-centric approach to regulating the crypto industry. Gary […] Source: https://news.bitcoin.com/sec-chair-gary-genslers-social-media-post-led-some-to-believe-he-was-resigning/
Social media indicators are signaling a shift toward bearish sentiment among cryptocurrency enthusiasts regarding the future trajectory of Bitcoin’s price. Historically, periods of bearish sentiment in the crypto community have often coincided with market bottoms, reflecting a sentiment that aligns with American poet and novelist Charles Bukowski famously asserted that the masses are consistently mistaken, and true wisdom lies in…
Cryptocurrency exchange Kraken has acquired TradeStation Crypto, the digital asset-focused division of online brokerage TradeStation, to expand its regulatory licensing and presence in the United States. TradeStation Crypto, based in Florida, has obtained money transmitter and other regulatory licenses across most U.S. states in recent years. Kraken’s acquisition of TradeStation Crypto marks a strategic step to accelerate its growth and…
Bitcoin maintains its position above the significant threshold of $60,000, marking a resurgence amid recent dips that saw it hit six-week lows. Short-covering activity has been notably active, contributing to this upward trend. Despite recent corrections, Bitcoin continues to assert its dominance within the cryptocurrency market, attracting investors who are turning away from riskier currencies. Additionally, a slowdown in US…
A comprehensive X thread by Bitcoin developer and observer 0xB10C has uncovered that several prominent bitcoin mining pools are using identical block templates and transaction prioritization methods, mirroring those of Antpool. This revelation follows earlier findings that highlighted a notable concentration of custodianship among the same pools. Analysis Reveals Shared Mining Practices Among Top Bitcoin […] Source: https://news.bitcoin.com/recent-analysis-shows-common-transaction-patterns-among-several-bitcoin-mining-pools/
Here’s an extremely specific problem: Say you take a photo of your pet and put it online. Then, let’s say that photo becomes a viral meme. Eventually, that meme inspires a crypto token that rapidly generates hundreds of millions (if not billions) of dollars in value. Soon your pet is the hottest thing in crypto. Soon, she’s making anonymous traders…
A U.S. federal jury has convicted Avraham ‘Avi’ Eisenberg on charges of commodities fraud, commodities manipulation, and wire fraud due to his involvement in the $116 million exploit of Mango Markets, a Solana-based decentralized exchange (dex) platform. Jury Convicts Avi Eisenberg in $116M Mango Markets Crypto Fraud Case In this high-profile court case, Eisenberg was […] Source: https://news.bitcoin.com/report-mango-markets-exploiter-convicted-in-multi-million-dollar-crypto-fraud-case/
