Coinbase’s cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper. Source: https://cointelegraph.com/news/coinbase-chief-legal-officer-responds-to-cb-btc-service-terms-fears?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles
Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to a significant economic crisis by 2025. Zang Warns of Hyperinflation as U.S. […] Source: https://news.bitcoin.com/lynette-zang-hyperinflation-looms-as-us-dollars-purchasing-power-dwindles/
Bitcoin price strength extends to AVAX, SUI, TAO and AAVE — Are altcoins back?
Bitcoin’s rally to $64,000 increased traders’ interest in altcoins like AVAX, SUI, TAO and AAVE. Source: https://cointelegraph.com/news/bitcoin-may-take-a-break-but-avax-sui-tao-and-aave-may-continue-higher?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
This Week in Crypto Games: ‘Flappy Bird’ on Telegram, ‘Dookey Dash’ Returns, and New ‘Hamster Kombat’ Season
The crypto gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves…
Texas Court Dismisses Consensys’ Lawsuit Against SEC Over Ethereum Investigation
In a recent decision, a Texas court dismissed Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC), which was filed in April 2024 to protect the Ethereum ecosystem from regulatory overreach. The court’s dismissal was based on procedural grounds, without addressing the merits of Consensys’ claims. Despite this setback, Consensys highlighted a significant win […] Source: https://news.bitcoin.com/texas-court-dismisses-consensys-lawsuit-against-sec-over-ethereum-investigation/
Kamala Harris leading in 4 of 6 swing states on Polymarket
According to the current Polymarket odds, 77% of participants believe Vice President Kamala Harris is favored to win the popular vote. Source: https://cointelegraph.com/news/kamala-harris-leading-in-4-6-swing-states-polymarket?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
1.71 Million BTC From 2009-2012 Block Rewards Still Dormant, Worth Over $100B
This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleeping’ bitcoins from Bitcoin’s early days, it’s a good time to reflect on just […] Source: https://news.bitcoin.com/1-71-million-btc-from-2009-2012-block-rewards-still-dormant-worth-over-100b/
Bybit Becomes First Exchange to Complete $CATI Airdrop Distribution
DUBAI, UAE, Sept. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces the successful listing of Catizen ($CATI), which went live at 10 AM Dubai time today. Bybit is the first exchange to complete the distribution of the $CATI airdrop to its users, further demonstrating the platform’s exceptional reliability and leadership in the digital…
Betting Markets and Polls Show Harris Ahead of Trump as Election Nears
With only 44 days remaining until the U.S. election, the blockchain-powered predictions market Polymarket shows Vice President Kamala Harris slightly ahead in a wager against former President Donald Trump. As of Sunday, Sept. 22, Harris holds 52%, with Trump close on her heels at 47%. Harris Tops Trump in Polls and Prediction Markets as Countdown […] Source: https://news.bitcoin.com/betting-markets-and-polls-show-harris-ahead-of-trump-as-election-nears/
BTC Miners Increase Earnings With Fractal Bitcoin Mining
According to the latest data, the blockchain network Fractal Bitcoin continues to capture around 226 exahash per second (EH/s) of Bitcoin’s hashrate via merged mining. Additionally, Fractal Bitcoin’s native crypto asset, FB, achieved an all-time high (ATH) last week but has since dropped 61.9% below that ATH just six days later. Mining Pools Reap Rewards […] Source: https://news.bitcoin.com/btc-miners-increase-earnings-with-fractal-bitcoin-mining/