Lightning labs set to ‘Bitcoinize The Dollar’ with stablecoins on Bitcoin
Lightning Labs is making significant strides towards ‘Bitcoinizing the dollar’, aiming to foster the creation of stablecoins and other assets on the Bitcoin blockchain through the use of the Lightning Network. Lightning Labs launched “Taproot Assets” on the mainnet, facilitating the issuance of stablecoins and other financial assets on the Bitcoin blockchain. According to the […]
Atomic wallet puts a freeze on $2M worth of suspicious deposits
In an active response to user-reported unauthorized transactions, cryptocurrency wallet Atomic Wallet has put a temporary freeze on $2 million in ‘suspicious deposits.’ This decisive action is the result of a collaborative effort between Atomic Wallet, several centralized exchanges, and forensic firms. The wallet firm worked closely with blockchain intelligence agencies Chainalysis and Crystal to […]
Matrixport predicts Bitcoin to surge to $42K if Blackrock’s Bitcoin ETF gets green light
Crypto financial services provider, Matrixport, anticipates a significant Bitcoin (BTC) rally, potentially reaching $42K, driven by favorable macroeconomic factors and the possible approval of BlackRock’s Bitcoin ETF. Matrixport’s recent report highlighted the stellar performance of Grayscale Investments’ Bitcoin Trust (GBTC) shares, which have surged by 167% year-to-date, outperforming Bitcoin’s own 71% growth. The turning point, […]
Bitcoin wallets with 100+ BTC hit new heights in single-day surge
There has been a significant one-day increase in Bitcoin (BTC) wallets containing 100 or more BTC, marking the biggest jump in 2023. Crypto analysis firm Santiment revealed that the number of Bitcoin wallets with over 100 BTC spiked to 15,970 last Saturday. Currently, 100 BTC is valued at approximately $2.8 million. This surge coincides with […]
Shibarium community burns 97M Shiba Inu tokens; no impact on SHIB supply
Shiba Inu’s Layer-2 network, Shibarium, recently witnessed the burning of 97 million SHIB tokens. However, this event did not affect the total supply of SHIB. The inaugural token burn on Shibarium was carried out by Shib CoOp, a metaverse real estate project managed by the community. This marked a significant milestone for the network and […]
Georgia doctor admits to using Bitcoin in attempted murder-for-hire plot
Dr. James Wan, a physician from Georgia, confessed to using Bitcoin in a murder-for-hire scheme on the dark web, aiming to stage his girlfriend’s death as a carjacking accident. The plot, initiated in April 2022, involved multiple Bitcoin payments that amounted to roughly $24,200. Dr. Wan believed the pseudonymous nature of Bitcoin would keep his […]
Is Bitcoin’s supply halving still a bullish event? Crypto experts weigh in
Is Bitcoin’s halving a catalyst for price discovery or just a narrative for novice investors? This question was recently discussed at the Swan Pacific Bitcoin festival. During the panel, host and founder of Bitcoin Layer, Nik Bhatia, posed this question to Marathon Digital CEO Fred Thiel, Swan CIO Ralph Zagury, and Swan product manager Andy […]
US lawmakers question crypto’s role in financing terrorism in Israel-Hamas conflict
A group of 105 bipartisan US lawmakers led by Senators Elizabeth Warren (D-MA) and Sherrod Brown (D-OH) have addressed a letter to President Biden’s top advisors, seeking clarity on cryptocurrency’s involvement in recent attacks on Israel. The legislators are pushing for answers on how cryptocurrency may have sponsored recent attacks by the militant group Hamas […]
Grayscale’s legal head foresees bright future for Bitcoin ETF
Grayscale Investments’ Chief Legal Officer, Craig Salm, has expressed confidence over the imminent arrival of a spot bitcoin exchange-traded fund (ETF). Salm voiced his optimism during a recent SiriusXM radio interview. The discussion followed the Securities and Exchange Commission (SEC)’s announcement that it would not appeal a court ruling mandating it to reconsider Grayscale’s bid […]
Kraken co-founder slams Reddit’s move to discontinue community tokens
Jesse Powell, co-founder of Kraken, has voiced concerns over Reddit’s decision to discontinue its blockchain-based reward service, Community Points. This move has resulted in a significant drop in the value of related tokens. Reddit recently announced plans to end the Community Points beta by November 8, with no clear path of scaling it broadly across […]