Day: May 10, 2023

Jane Street and Jump Crypto Withdraws from US amid Regulatory Uncertainty

The exit of Jane Street and Jump Crypto will contribute to the liquidity crunch in the market segment and this outlook is unhealthy for the industry. Market-making firms Jane Street Group and Jump Crypto are retreating from crypto trading in the United States due to regulatory uncertainty in the country. According to a report from Bloomberg, people familiar with the situation stated that Jane Street is taking a step further by lowering its global cryptocurrency ambitions. On the other hand, Jump Crypto, the digital-assets unit of Jump Trading has emphasized…

Ernst & Young Starts Ethereum-Based Carbon Emission Tracking Platform

“Detailed traceability allows for tracking of emissions inventory through tokenization including the ability to link carbon output to specific product output,” Brody said in a statement. “By using carbon credit tokens, either created or sourced on the market, enterprises can now have visibility into their actions toward decarbonization.” Source

Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million

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Summary: A trader splurged almost $1 million buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network. This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was created by developer Casey Rodarmor. ORDI was introduced earlier this year using the BRC-20 standard after developer Rodarmor designed a protocol for embedding digital data like art on every satoshi and pseudonymous builder Domo unveiled a token format akin to ERC-20 on Ethereum. A trader spent 35 BTC buying Bitcoin Inscription #5232025 amid growing…

Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued – Regulation Bitcoin News

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Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking victims use social media platforms such as Facebook to lure unsuspecting individuals. Cryptocurrency Scams According to Philippines law enforcement, over 1,000 human trafficking victims were rescued following a recent raid on a compound in Mabalacat, approximately 90 kilometers northwest of the capital, Manila. According to officials, many of the trafficking victims…

Ethereum validators earn a record $46M as staking rewards rate surges

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Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. According to data, validators earned 24,997 Ether (ETH) in the week, representing a 40% increase over the previous week’s income of $33 million, when 18,339 ETH were distributed as rewards. The recent trading craze of a new memecoin called Pepe (PEPE) is the reason behind the increased rewards for validators. In the past week, the average fees on the Ethereum network have exceeded 100 gwei,…

QuadrigaCX, Bankrupt Crypto Exchange, Will Resume Interim Fund Distribution

Miller Thomson, the law firm representing QuadrigaCX stated that a small number of affected users are likely to receive notice of Disallowance of Claim. In a post earlier this week on May 8, Miller Thomson, a law firm representing the users of defunct cryptocurrency exchange QuadrigaCX announced that they would start an interim distribution of funds linked with the exchange’s bankruptcy proceedings in the coming weeks. As per the bankruptcy trustee Ernst and Young, this interim distribution would be in consultation with estate inspectors. Very soon, the trustee will also…

Top 4 Exciting Blockchain Developments in UK Not Related to Coronation

The developments mentioned in this article not only highlight the innovative spirit of the UK but also demonstrate the potential for transformative change that blockchain and crypto-enabled technologies possess. As news of the coronation of King Charles and Queen Camilla continue to dominate the UK airwaves, beneath the royal fanfare, a series of groundbreaking digital developments have been taking place. From trailblazing tax regulations for the cryptocurrency market to the expansion of an innovative digital metaverse, the UK is continuing to position itself as a leader within the realm of…

Massa Ecosystem’s Recent Hypergrowth Analyzed – Press release Bitcoin News

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press release PRESS RELEASE. Massa’s testnet has become a magnet for more than 16 projects since its launch back in July 2021. Interest towards this innovative blockchain ecosystem has exploded since the beginning of this year. But what is it that makes Massa special? Massa is an innovative blockchain network that aims to combine high performance with true decentralization from the ground up. The Massa testnet allows anyone to experiment with the protocol and witness its continuous improvements first-hand. One of the main reasons why Massa attracted so many web3…