Bitcoin’s price action might be dull lately—and dipping further so far today—but at least one metric is booming: the cryptocurrency’s hash rate. The biggest digital coin’s hash rate today hit 742 exahashes per second (EH/s), according to Ycharts data. That’s an all-time high mark. This simply means the network is stronger than ever as every second, mining machines around the…
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […] Source: https://news.bitcoin.com/crypto-hedge-fund-galois-capital-fined-225000-by-sec-for-custody-rule-violations/
WSPN (Worldwide Stablecoin Payment Network), a leading provider of next-generation stablecoin infrastructure, has achieved a significant milestone in its mission to revolutionize the stablecoin market. The company has recently secured $30 million in seed funding, and appointed John Partridge, former President of Visa Inc., to its Board of Directors. The seed funding round was led […] Source: https://news.bitcoin.com/wspn-secures-30m-seed-funding-former-visa-president-joins-board/
Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees. Source: https://cointelegraph.com/news/arbitrum-stylus-mainnet-launch-evm-developers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Token2049 Singapore will play host to a “world’s first” immersive theater experience from HashKey Capital, Aethir and CARV. Mystery thriller “Decode: Legacy” promises to explore the past decade and a half of crypto history through “iconic Web3 characters, solving puzzles and uncovering secrets,” in the setting of Singapore’s iconic Raffles Hotel. Crypto. Reimagined. ⏳Step into a world where the past,…
Russian Foreign Minister Sergey Lavrov has emphasized that a barter trade system could be organized with China to overcome the current settlement problems. Lavrov noted that a similar system was studied by Brazil’s Lula outside the BRICS organization, proposing barter settlements among countries in Latin America and the Caribbean region. Russian Foreign Minister Sergey Lavrov […] Source: https://news.bitcoin.com/russian-foreign-minister-states-barter-trade-is-under-consideration-for-bilateral-settlements-with-china/
Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 Bitcoin. Source: https://cointelegraph.com/news/terraform-labs-bitcoin-do-kwon-extradition-montenegro?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Galois Capital, the crypto hedge fund that famously warned of the dangers around Terra’s LUNA and UST ahead of their 2022 collapse, has been charged by the U.S. Securities and Exchange Commission for misleading investors and for not properly safeguarding customer funds. The firm, which shut down in early 2023 after being impacted by the downfall of crypto exchange FTX,…
Over the past few years, Decentralized Autonomous Organizations (DAOs) have become commonplace in cryptocurrency. Whether you discovered crypto through meme coins, NFTs, or DeFi, chances are you’ve interacted with a DAO somehow. DAOs are organizational structures for businesses or communities where control is spread via the distribution of tokens rather than hierarchy. They’re typically online communities focused on a specific…
The plan would create markets for DAI-replacement USDS on Aave. Source: https://cointelegraph.com/news/aave-sky-float-partnership-bridge-defi-tradfi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
