China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021 Source: https://cointelegraph.com/news/chinese-bitcoin-miners-control-55-of-network?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Coinbase Wrapped Bitcoin Arrives on Solana as CLO Clarifies BTC Custody Terms
Coinbase Chief Legal Officer Paul Grewal clarified the company’s liability if it loses any of the Bitcoin (BTC) backing its newly debuted Coinbase Wrapped Bitcoin (cbBTC) is strictly limited to the actual amount of BTC lost. The clarification from Grewal also emphasized the custodial relationship Coinbase holds with its users. Under Coinbase’s terms, if any BTC is lost due to…
Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder Meeting
Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms’ special shareholder meeting on Nov. 6, 2024. Riot Withdraws Bid to Restructure Bitfarms’ Board in Settlement Deal […] Source: https://news.bitcoin.com/bitcoin-miners-riot-and-bitfarms-reach-settlement-ahead-of-shareholder-meeting/
After Friend.tech’s failure, SocialFi must ‘cross the chasm’ to succeed
In the wake of Friend.tech’s collapse, Cointelegraph spoke with industry leaders to find out what went wrong and what comes next. Source: https://cointelegraph.com/news/friendtech-failure-socialfi-success-adoption?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BlackRock Bitcoin ETF demands 12-hour BTC withdrawals from Coinbase
BlackRock and ETFs have saved “BTC’s price from the abyss repeatedly,” according to Bloomberg’s senior ETF analyst. Source: https://cointelegraph.com/news/blackrock-bitcoin-etf-amendment-coinbase?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s new price targets of over $80K may not actually be the 'all-time high'
Bitcoin reached a new all-time high of $73,880 in USD terms earlier in 2024, but toppling it by 2025 does not take it above 2021’s inflation-adjusted value. Source: https://cointelegraph.com/news/bitcoin-new-price-target-80k-all-time-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
TON-based wallet to support crypto assets on Tron
MyTonWallet said that it would support TRX, USDT and other crypto assets using the TRC-20 token standard. Source: https://cointelegraph.com/news/mytonwallet-supports-tron-digital-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum Technical Analysis: ETH Trades Above $2,600 Amid Strong Market Activity
As of Sept. 23, 2024, ethereum is trading at $2,646, with an intraday price range of $2,531 to $2,684. Over the past 24 hours, ethereum has recorded a trading volume of $16.36 billion and a market capitalization of $318.56 billion. The cryptocurrency’s price is holding steady, reflecting a balanced market with mixed signals from technical […] Source: https://news.bitcoin.com/ethereum-technical-analysis-eth-trades-above-2600-amid-strong-market-activity/
AI bills have ‘positive intent’ but potentially ‘burdensome’ outcome: Lawyer
Lawyer Dina Blikshteyn explains that many of the AI-related bills being drafted and passed in California may have good intentions but could burden small developers. Source: https://cointelegraph.com/news/ai-bills-positive-intent-potentially-burdensome?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
CFTC Wins $36 Million Judgment Against New York-Based Crypto Scammer
A federal judge has ordered a fraudster to pay over $36 million in fines and restitution for his part in a fraudulent crypto and forex scheme. According to a September 20 announcement by the U.S. Commodity Futures and Trading Commission (CFTC), William Koo Ichioka was ordered to pay $31 million in restitution to defrauded victims of his scheme, and a…