Day: March 1, 2023

Coinbase Launches Crypto435 to Advance Pro-crypto Policy in All US Congressional Districts

Coinbase has promised to empower the Crypto435 community with information on how to connect with their political representatives. Coinbase Global Inc (NASDAQ: COIN) has undertaken several initiatives to steer forward cryptocurrency adoption in the United States. As the leading publicly traded cryptocurrency exchange, the company understands the need to educate policymakers about the nascent crypto asset industry. Furthermore, the policy decisions being stipulated in Congress now about the digital asset industry will significantly impact the way Americans interact with crypto in years to come. For instance, the United States Securities…

OKX Seizes 2 Million USDT Stablecoins Linked to Market Manipulation

OKX has decided to compensate all the impacted users by air-dropping more than 3 million USDT by putting its own 1 million USDT in addition to the seized amount. On Tuesday, February 28, crypto exchange OKX seized more than $2 million worth of Tether’s USDT stablecoins allegedly linked to five crypto accounts involved with “malicious market manipulation” of the Celestial (CELT) token. Furthermore, the crypto exchange has also panned a $3 million reinstitution for all the affected users. Over the last weekend, Celestial developers announced the creation of a new…

Over 400 machines went off the grid under 60 days

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Crypto ATMs — one of the key infrastructure pillars for the mass adoption of cryptocurrencies — have seen a drastic reduction this year. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines. Since 2014, the total number of crypto ATMs maintained a steady upward trajectory while catering to millions of users worldwide for seamless crypto-fiat conversions. For ov a year, between December 2020 to January 2022, more than 1000 crypto and Bitcoin (BTC) ATMs were being installed every month. However, the bear…

Bitcoin ‘millionaires’ increased 140% as BTC price crossed $20K — data

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Bitcoin (BTC) millionaires are made when the BTC price crosses $20,000, data reveals. According to on-chain analytics firm Glassnode, there are currently over 67,000 BTC wallets worth $1 million or more. $20,000 makes 50-BTC hodlers happy Bitcoin is famous for its relationship with the $20,000 price tag. Prominent since becoming the all-time high of Bitcoin’s previous halving cycle, $20,000 is more than just a technical and psychological line in the sand. As Glassnode now shows, when BTC/USD crosses that price point, many hodlers either gain or lose U.S. dollar millionaire…

Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders – Africa Bitcoin News

Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the two companies.” Harnessing the Benefits of the Blockchain The Zimbabwean blockchain startup Flex ID and the South Africa-based Whatsapp remittance platform, Uhuru Wallet, recently said they have launched a platform that offers “combined digital identity and remittance services to millions of Zimbabwean immigrants in South Africa.” In a statement shared…

Jack Dorsey’s decentralized Twitter rival enters App Store

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Jack Dorsey, co-founder of the online microblogging service Twitter, is progressing with Bluesky, a decentralized Twitter alternative, as its mobile application is now being tested in private beta. Bluesky has hit the App Store as an invite-only app, allowing certain persons to try out the new social experience by creating an account via an invite code. According to a report by TechCrunch, the Bluesky iOS app debuted on Feb. 17 and has amassed about 2,000 installs as of Feb. 28. The app is reportedly not yet available for Android testers…

Platypus Finance creates compensation portal for users following $9.1M exploit

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Decentralized finance (DeFi) protocol Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit that the platform suffered. On Feb. 16, the DeFi protocol suffered a flash loan attack, pushing the Platypus USD stablecoin to break its peg with the U.S. dollar. At the time, Platypus confirmed a loss of around $8.5 million from its main pool. The firm also said that they have contacted the hacker to negotiate a bounty. A post-mortem report from Platypus auditor…

Solana plans to improve its blockchain: Here’s how

The Solana network experienced a noticeable slowdown in block production after its most recent 1.14 network update on Feb. 25. In an immediate response to transaction disruptions, validators downgraded the software to up performance levels. However, on Feb. 28, Anatoly Yakovenko, the founder and CEO of Solana Labs, released another statement about how the ecosystem plans to improve its recent network upgrades. The major focus of the plan is on stability as the network continues its transition.  2022 priorities were shipping new features and new tools. 2023 is stability. Tldr 1/3…