Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains the dominant currency for most citizens, the ZIG is used for 40% of payments and 80% of government transactions. The government aims to eventually replace the U.S. dollar with the ZIG as the […] Source: https://news.bitcoin.com/zimbabwes-gold-backed-currency-sees-gains-but-us-dollar-remains-dominant/
Bitcoin price action seems uninterested in rapidly declining US dollar strength, as a shock payroll revision adds to DXY pressures. Source: https://cointelegraph.com/news/good-news-means-bad-news-bitcoin-weakest-us-dollar-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Story Protocol’s Series B was co-led by a16z Crypto and Polychain Capital. The funds were targeted at developing its layer-1 blockchain, designed for intellectual property tokenization. Source: https://cointelegraph.com/news/pip-labs-secures-80-m-story-protocol-valuation-hits-2-25-b?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
As bitcoin hovers just below the $60,000 mark, two long-dormant bitcoin wallets, untouched since 2014 and 2013, sprang to life, moving a total of 342.59 BTC, valued at $20.3 million at today’s rates. 2 Vintage Bitcoin Wallets Suddenly Awaken, Moving $20.3 Million On Wednesday, a bitcoin wallet that had been inactive since Aug. 18, 2014—almost […] Source: https://news.bitcoin.com/dormant-bitcoin-wallets-from-2013-and-2014-come-alive-moving-20-3m/
As an institutional trader, I learned not to borrow too much in leverage from the exchange I was trading on, and to be right more often than I was wrong. Source: https://cointelegraph.com/news/lessons-learned-as-institutional-trader?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
In a sweeping operation across Germany, financial regulators and law enforcement agencies have confiscated nearly €25 million ($28 million) in cash and shut down 13 cryptocurrency ATMs operating without proper authorization. The German Federal Financial Supervisory Authority (BaFin) announced the results of this coordinated effort on Tuesday, in a statement that highlighted concerns over money laundering risks associated with unregulated…
ETHA will be the first Ether exchange-traded fund to crest the $1 billion mark. Source: https://cointelegraph.com/news/blackrock-ishares-ethereum-trust-approaches-1-billion-net-inflows-morningstar?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Jack Dorsey says a marketplace of algorithms could fix toxic social media — but centralized platforms won’t give up their control easily. Source: https://cointelegraph.com/magazine/algorithm-choice-can-fix-social-media-but-only-on-decentralized-platforms/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly turning their attention to mining alephium (ALPH) and kaspa (KAS). These two digital currencies currently offer the highest profitability for miners, according to the latest […] Source: https://news.bitcoin.com/kaspa-and-alephium-mining-gain-traction-as-bitcoins-hashprice-remains-low/
The VIC bot and its “meat avatar,” Victor Miller, got 327 votes in Cheyenne, losing a primary election to incumbent Mayor Patrick Collins and two others. Source: https://cointelegraph.com/news/ai-cheyenne-mayor-wyoming-election-loss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
