Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs’ chief technology officer Andre Cronje showcased the network’s testnet performance, highlighting a transaction finality of 720 milliseconds. This achievement suggests the project could set a new standard as the fastest distributed […] Source: https://news.bitcoin.com/rebranded-fantom-project-sonic-labs-set-to-redefine-blockchain-speed-with-720ms-finality/
Month: September 2024
CEX.IO resumes UK operations, backs stricter crypto rules
Following a voluntary suspension in October 2023, CEX.io has successfully resumed operations in the UK after ensuring compliance with new FCA regulations. Source: https://cointelegraph.com/news/cexio-resumes-uk-operations-backs-stricter-crypto-rules?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
DOGS memecoin ease of access can be a ‘double-edged sword’
Bitget CEO Gracy Chen believes that despite DOGS memecoin’s record-breaking adoption, its ease of access for non-crypto natives may hinder its long-term success. Source: https://cointelegraph.com/news/dogs-token-record-breaking-adoption-long-term-challenges?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Greece plans new $330M data center to boost AI expansion
Paris-based Data4 plans to invest in Greece to develop a major AI data center hub outside of Athens, signaling a boost to the country’s digital infrastructure and economy. Source: https://cointelegraph.com/news/greece-300m-data-center-ai-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June […] Source: https://news.bitcoin.com/court-sentences-missouri-man-to-3-years-in-prison-for-crypto-and-tax-fraud/
Uniswap CEO denies bribe allegations for protocol deployment
The reaction comes after users took to X to complain about Uniswap asking for as much as $20 million for protocol deployment. Source: https://cointelegraph.com/news/uniswap-ceo-refutes-claims-protocol-deployment-fees?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinbase Launches Wrapped Bitcoin Token Following BitGo WBTC Controversy
America’s biggest crypto exchange Coinbase has launched its wrapped Bitcoin token—first teased in August—at a time when the leading version of the token is stirring lots of controversy in the fast-moving space. The idea with the new token—called Coinbase Wrapped BTC, or cbBTC—is that traders can use their Bitcoin on Ethereum: It runs on the crypto network behind ETH, the…
Coinbase launches 'cbBTC' wrapped Bitcoin digital asset
The exchange announced that cbBTC is now available in the United Kingdom, Australia, Singapore, and all US states except New York. Source: https://cointelegraph.com/news/coinbase-launches-wrapped-bitcoin-product?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Climbs Above $58,000, But Experts Say Bullish Sentiment Is Waning
Bitcoin climbed 3% on Thursday morning, rising past $58,000, driven by investor response to August’s Consumer Price Index (CPI) report. The headline CPI slowed to a 2.5% annual increase, slightly below the expected 2.6%, marking its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3% on a monthly basis, surpassing forecasts of 0.2% and…
Report reveals Bybit’s 2,700%+ token surge on day 1 listings
A report by Simplicity Group Research uncovers Bybit’s dominant day one token price performance, outperforming Binance and Coinbase. Source: https://cointelegraph.com/news/bybit-leads-day-1-crypto-token-surge-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound