Month: April 2023

Sphere 3D files lawsuit against Gryphon Digital Mining after BTC transfer

boss

Crypto miner Sphere 3D has filed a lawsuit against its partner Gryphon Digital Mining after an allegedly spoofing attack led to the irregular transfer of Bitcoin (BTC), according to court documents on April 7.  “Today we filed litigation against Gryphon, the custodial management services provider of our blockchain and cryptocurrency-related services, for materially breaching the Master Services Agreement (“MSA”) we entered into with Gryphon,” said Patricia Trompeter, CEO Sphere 3D in a statement for investors, adding that “Gryphon has put the Company’s assets at significant risk and willfully violated their…

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner – Economics Bitcoin News

boss

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision followed Saudi Arabia’s resumption of its relationship with Iran in a deal brokered by China. Riyadh Joins China’s SCO; Kingdom Ends 7-Year Breakup With Iran China, a member of the BRICS bloc, has been strengthening…

RenQ Finance Presale Smashes Expectations, Raising in Total Over $5M and $200K in the Last 24 Hours – Press release Bitcoin News

boss

press release PRESS RELEASE. RenQ Finance has recently announced the launch of the fourth stage of its fundraising plan on its official website, following the successful completion of stage 3. The project has already raised a total of $5 million in a short period of time since its launch. The latest update reveals that the Stage 4 fundraising has reached an impressive milestone, with $5M raised in total, of which already $200K in the last 24 hours. This presale event is part of an 8-stage fundraising plan to raise close…

Binance.US unable to find bank partners in the United States: Report

boss

The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner to serve as a fiat on-ramp and off-ramps for its clients in the country, according to a Wall Street Journal report on April 8.  The recent failures of Silvergate and Signature Bank left Binance.US without banking services, depending on middleman’s banks to store funds on its behalf, according to the WSJ, citing “people familiar with the matter”. The regulatory crackdown on banks with crypto clients is also another factor contributing to…

NFT Sales Rise 7.28% to $179.64 Million in 7 Days, Nakamigos Takes the Top Collection Spot  – Bitcoin News

boss

Sales of non-fungible tokens (NFTs) increased this week, with $179.64 million in sales over the last seven days. NFT sales rose 7.28% and transactions grew by 2.29% during this period, but the number of digital collectible buyers decreased by 4.34%. NFT Sales Improve This Week, Rising 7.28% Higher Sales of non-fungible tokens (NFTs) have trended higher this week, increasing by 7.28%, with $179.64 million in sales recorded over the past seven days. Of the total sales, $111.62 million, or 62.35%, came from NFT sales on the Ethereum blockchain, cryptoslam.io stats…

How will the Shanghai upgrade impact ETH price? Expert explains

boss

While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be extremely bullish for Ethereum’s native token, as it will attract more capital to staking and increase the network’s security, according to Ethereum researcher Vivek Raman.  The Shanghai upgrade, scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since December 2020. The upgrade will complete the network’s transition to a proof-of-stake system, which started last October with the Merge. Around 18…

ETH price set for more gains versus Bitcoin in April

boss

Ethereum’s Ether (ETH) token dropped by over 7.5% in its Bitcoin (BTC) pair in 2023. But ETH/BTC may wipe its year-to-date (YTD) losses entirely in April as Ethereum’s long-awaited Shanghai hard fork is just days away. The upgrade is set for April 12, enabling Ethereum stakers to withdraw around 1.1 billion ETH in rewards — worth over $2 billion as of April 8.  ETH price undergoes key technical bounce Many experts see the hard fork as bullish for Ether in the long term. For instance, the Shanghai buzz has helped Ether…

Paxos’ hopes of becoming a national bank die, application for charter expires

Details from the United States Office of the Comptroller of Currency (OCC) show that Paxos’ application for a national banking charter, under “2020-NE-Charter-318305”, expired on March 31. Paxos national banking charter application expires Paxos, a stablecoin issuer regulated by the New York Department of Financial Services (NYDFS), had applied for a license under the Charter National Bank Under Holding Company (Trust Bank).  The OCC received the application on Dec. 8, 2020, and gave them the “preliminary conditional approval” on April 23, 2021. However, by the time the application expired on March 31,…

How Polygon Emerged As The 2nd Largest Gaming Blockchain In March

Polygon, Ethereum’s layer-2 scaling solution, is swiftly emerging as a powerhouse in the gaming industry, thanks to a rise in user activity on its network. Polygon had a 53% growth in daily unique active wallets (dUAWs) last month, reaching 138,081 in March, making it the second-largest blockchain gaming network in terms of UAWs, according to DappRadar. Polygon’s expansion in the game business is important, given the company was originally recognized for its DeFi dApps. In March, the network surpassed Hive to take second place, a positive indication for Polygon as it develops…

Biggest Movers: ADA Extends Gains, as SOL Consolidates on Saturday – Market Updates Bitcoin News

boss

Cardano rose for a second straight session to start the weekend, as the token continued to move away from a key price floor. Cryptocurrency markets were marginally higher in today’s session, with the global market up 0.56% as of writing. Solana continued to consolidate on Saturday. Cardano (ADA) Cardano (ADA) rose for a second consecutive session, as the token moved away from a recent support point. Following a low of $0.3783 on Friday, ADA/USD jumped to an intraday peak at $0.3902 to start the weekend. As a result of the…