Their emergence over the past few months is a “cool example of how, just when you think Bitcoin has become boring, there’s something waiting around the corner that surprises everyone,” said Colin Harper, head of content for mining pool Luxor Technologies who did not expect transaction fees to surpass the block reward between now and when the 6.25 BTC subsidy gets halved. Source
Ripple CEO Brad Garlinghouse has revealed that his company is spending $200 million defending itself against the SEC in its lawsuit over xrp. The executive expects a decision on the lawsuit in three to six months. “If we win the lawsuit, it’ll be clear what xrp is, but the rest of the industry is still going to be unclear. And the whole crypto industry needs regulatory clarity in the U.S. to really thrive,” said the Ripple boss. Ripple’s CEO Shares New Info on SEC Lawsuit Over XRP The CEO of…
Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware. In a May 8 filing in the United States Bankruptcy Court for the District of Delaware, Bittrex estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities as part of bankruptcy proceedings. The declaration followed the U.S. Securities and Exchange Commission charging the company and its co-founder and former CEO William Shihara for securities violations in April. Cointelegraph reached out to Bittrex…
Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission. Source
MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain and issues stablecoin DAI, has announced that it has launched the Spark Protocol, a lending solution for DAI users. Announcing the Spark Protocol launch ⚡️ Starting May 9, 2023, Spark Protocol will be available to all DeFi users. An end-user, DAI-centered DeFi product deployed on Ethereum with supply and borrow features for ETH, stETH, DAI, and sDAI. pic.twitter.com/oLa8oeBmL1 — Maker (@MakerDAO) May 8, 2023 According to the Twitter announcement, the first version of the Spark Protocol will act as a…
Peer-to-peer crypto marketplace Paxful has announced it is back online after suspending operations in April. In an update posted to its website, Paxful said its team had relaunched the marketplace after more than 30 days. Though the platform said its wallet had “remained fully operational” during the suspended service, it’s unclear how Paxful intends to move forward. “Over the last month, our team has worked diligently to get the marketplace back online with the safety and security of users paramount,” said Paxful. : Paxful is back online. Over the next…
If passed, the mining incentives for each liquidity pool on Canto such as ETH/CANTO and ATOM/CANTO will be reduced on average by roughly 38%, according to a blog post. The governance proposals would also reduce Canto’s inflation rate, or the number of CANTO tokens emitted per block to 4.76 CANTO, representing a 15% decrease. Source
Warren Buffett, CEO of Berkshire Hathaway and one of the most renowned investors in the market, stated that he saw no viable option to become the world’s reserve currency besides the U.S. dollar. However, he warned about the dangers that printing too much money could bring to the strength of the currency in the future. Warren Buffett’s Only Valid Option for Reserve Currency Is the U.S. Dollar Warren Buffett, CEO of Berkshire Hathaway, also known as the ‘Oracle of Omaha’ due to his city of origin, gave his opinion about…
Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. While local payment providers refuse to comment on the decision, Argentina’s fintech chamber urged the government to reconsider, claiming that “it limits access to a technology that offers multiple benefits and opportunities for our society.” In France, the Senate Committee on Economic Affairs approved an amendment allowing registered cryptocurrency companies to hire social media influencers for advertising and…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fresh data from blockchain analytics platform, Token Terminal, shows that bitcoin had two times more daily active users than ethereum as of May 8. Bitcoin flips ethereum in user count At the time of writing, bitcoin still leads ethereum in terms of daily active users. Bitcoin has an average of 589,810 daily active users over a 30-day period, while ethereum has an average of 322,840 daily active users over the same time frame. Token Terminal is…