The immutable nature of the blockchain was put in stark relief on Wednesday when CryptoPunk #2386, which is valued around 600 ETH (about $1.5 million), was acquired for a fraction of that price at 10 ETH (or just over $23,000)—after being locked up and overlooked thanks to a now-defunct website. CryptoPunks are some of the most valuable Ethereum NFTs around,…
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions […] Source: https://news.bitcoin.com/uk-bill-recognizes-digital-assets-as-personal-property-under-new-law/
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam. Source: https://cointelegraph.com/news/cftc-jonis-with-regulators-warn-crypto-pig-butchering-scams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitfinex’s analysts anticipate a potential shift in cryptocurrency market dynamics. With bitcoin’s dominance decreasing and altcoins showing resilience, they suggested that altcoins could outperform bitcoin in the coming months, especially if macroeconomic conditions improve. They discussed altcoin market capitalization growth, bitcoin’s declining dominance, and speculative exhaustion in altcoins as key indicators of this trend. Analysts […] Source: https://news.bitcoin.com/analysts-anticipate-altcoin-outperformance-and-bullish-q4/
DIA, an open oracle network, has launched a new oracle architecture called Lumina. The design aims to enhance trustless data infrastructure for Web3, offering improvements in scalability and decentralization. DIA Introduces Lumina: A New Trustless Oracle Architecture According to the statement provided to Bitcoin.com News, the Lumina system integrates modular components to gather, verify, process, […] Source: https://news.bitcoin.com/open-oracle-network-dia-launches-lumina-to-bolster-web3-data-infrastructure/
Kamala Harris has given cryptocurrency fans little to be hopeful about — despite some of the milquetoast rhetoric from her supporters. Source: https://cointelegraph.com/news/choke-point-continues-to-hurt-kamala-harris-crypto-reset?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum fell to a 40-month low in its ETH/BTC pair, and data suggests the downside is set to continue. Source: https://cointelegraph.com/news/3-reasons-why-ethereum-price-has-lagged-behind-bitcoin-in-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused of failing to adhere to anti-money laundering and terrorist financing regulations. Bank Account Holders Accused […] Source: https://news.bitcoin.com/nigerian-agency-gets-nod-to-freeze-330000-in-crypto-users-bank-accounts/
In the midst of shrinking revenues and rising operational costs, industry experts tell Decrypt that Bitcoin miners are continuing to invest in new, specialized hardware, displaying strong confidence in the future of the leading crypto network despite short-term struggles. According to a Glassnode report released this week, Bitcoin’s hash rate—an essential measure of mining activity—remains near all-time highs, just 1%…
As fundraising unfolds, OpenAI’s valuation is expected to reach $150 billion. Several tech giants, including Apple and Nvidia, are reportedly backing the round. Source: https://cointelegraph.com/news/openai-fundraising-could-push-valuation-150-billion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
