The median price to send an Ethereum transaction hit 1.9 gwei on the weekend, with low-priority transactions priced even lower. Source: https://cointelegraph.com/news/ethereum-median-gas-fees-five-year-low?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit
Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.” Shameless Litigation Stablecoin issuer Tether Holdings Ltd. has rejected the “baseless” claims by the bankrupt crypto lender Celsius Network that the […] Source: https://news.bitcoin.com/tether-slams-celsius-networks-baseless-2-billion-lawsuit/
Zcash founder joins Shielded Labs, pushes for hybrid PoS upgrade
Zooko Wilcox is now the new head of product at Shielded Labs and wants to speed up the protocol’s upgrade to a hybrid PoS consensus mechanism. Source: https://cointelegraph.com/news/zcash-founder-joins-shielded-labs-pushes-for-faster-hybrid-pos-upgrade?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BitGo CEO argues WBTC security is unchanged amid concerns
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some. Source: https://cointelegraph.com/news/bitgo-ceo-argues-wbtc-security-unchanged-amid-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto user fat fingers $90K fee for a $2K ETH transfer
An anonymous user appears to have accidentally spent 34 ETH to transfer a little more than $2,200 in ETH. Source: https://cointelegraph.com/news/crypto-user-fat-fingers-90k-fee-eth-transfer?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
47 Companies Apply to Operate in Turkey Under New Crypto Regulations
Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets […] Source: https://news.bitcoin.com/47-companies-apply-to-operate-in-turkey-under-new-crypto-regulations/
Tether Slams Celsius Lawsuit as a ‘Shakedown,’ Vows to Fight Claims in Court
Tether Limited has hit back against a lawsuit from Celsius Network over disputed Bitcoin, labeling it a “shakedown” and “baseless” while vowing to defend itself vigorously in court. Filed on August 9 in the U.S. Bankruptcy Court for the Southern District of New York, the suit seeks to claw back some $2.4 billion in Bitcoin that former crypto lender Celsius…
Venezuela blocks Binance, X amid presidential election dispute
Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X. Source: https://cointelegraph.com/news/venezuela-blocks-binance-presidential-election-dispute?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case
Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that […] Source: https://news.bitcoin.com/ripple-legal-chief-discusses-potential-sec-appeal-after-final-ruling-xrp-case/
BOJ ex-board member says another rate hike unlikely this year
The Bank of Japan is unlikely to raise interest rates again for the rest of the year, but it’ll be a “toss up” whether there will be another before March. Source: https://cointelegraph.com/news/boj-ex-board-member-says-another-rate-hike-unlikely-this-year?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound