Galaxy Research data revealed that $174 million had been invested in Bitcoin layer-2s between January and September. Source: https://cointelegraph.com/news/bitcoin-layer-2-ecosystem-47-billion-prediction-galaxy-research?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Category: News
Former Head of China’s Digital Currency Project Faces Corruption Charges: Report
The former head of China’s central bank digital currency (CBDC) research project, Yao Qian, has been expelled from the Chinese Communist Party and removed from his government position, following allegations of corruption. According to reports in state-owned local media, Qian is accused of having abused “the right to recommend, formulate, and execute policies” and “abandoned the responsibilities of science and…
Vitalik Buterin Buys Anon, Token Surged 350%—What’s It All About?
Anoncast, a zero-knowledge app that allows users holding at least 20,000 ANON tokens to make anonymous posts on Farcaster saw its token surge 350%. It has since settled a bit, but is still trading 190% higher than it was this time yesterday. This happened after onchain data showed Ethereum co-founder Vitalik Buterin’s wallet swapping 0.082 ETH for 30,303 ANON Wednesday…
Bitcoin Hits $98,367 Lifetime High, Nears $2 Trillion Market Cap
Bitcoin (BTC) achieved a historic milestone, reaching an all-time high of $98,367 per coin, just 1.66% shy of the coveted $100,000 mark. Bitcoin Approaches $100K, Eyes Market Milestone On Thursday morning at 6 a.m. Eastern Time, the leading cryptocurrency bitcoin (BTC) rose 5.2% against the U.S. dollar in the past 24 hours and 7.8% over […] Source: https://news.bitcoin.com/bitcoin-hits-98367-lifetime-high-nears-2-trillion-market-cap/
Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation – Press release Bitcoin News
Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation – Press release Bitcoin News Source: https://news.bitcoin.com/shemaroo-entertainment-and-pwr-chain-announce-strategic-partnership-to-revolutionize-indias-digital-entertainment-through-blockchain-innovation/
President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’
Argentine President Javier Milei, who self-describes as anarcho-capitalist, issued recommendations to Elon Musk, head of the Department of Government Efficiency (D.O.G.E.), to develop his deregulation and state cleaning role. In Lex Fridman’s podcast, Milei urged Musk to be efficient and relentless in achieving D.O.G.E.’s objectives. “Just cut to the chase, cut to the chase. As […] Source: https://news.bitcoin.com/president-milei-issues-advice-to-elon-musks-d-o-g-e-cut-to-the-chase/
Artist threatens legal action on ‘Chill Guy’ meme tokens, community responds
Some community members advised the artist to just try to get rich from the situation and retire. Source: https://cointelegraph.com/news/chill-guy-creator-threatens-legal-action-memecoins?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
MicroStrategy stock surges 94% YTD as Bitcoin nears $100K
MicroStrategy stock has soared 94% in 2024, fueled by Bitcoin’s rally above $97,000, with $15 billion in unrealized gains. Source: https://cointelegraph.com/news/microstrategy-stock-surges-94-ytd-bitcoin-nears-100k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Solana killer’ Sui down, no blocks produced for more than 1 hour
Exchanges like the South Korean crypto exchange Upbit have temporarily disabled SUI deposits and withdrawals amid the network outage. Source: https://cointelegraph.com/news/sui-down-no-blocks-produced-1-hour?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Michael Saylor’s Microstrategy ‘Infinite Money Glitch’ Explained: Is It Sustainable?
Michael Saylor, co-founder and Executive Chairman of Microstrategy, the company that pioneered Bitcoin reserves among institutions, seems to have found an infinite money glitch that turns debt and bitcoin into more money and bitcoin. But what’s the endgame, and is it sustainable? Michael Saylor’s Bitcoin Infinite Money Glitch Criticized Michael Saylor, once a bitcoin critic, […] Source: https://news.bitcoin.com/michael-saylors-microstrategy-infinite-money-glitch-explained-is-it-sustainable/