“As Coinbase’s own submissions make clear, considering the various paths it suggests is a necessarily complicated endeavor,” the SEC filing said. “Yet Coinbase filed its rulemaking petition fewer than ten months ago, supplemented aspects of the petition fewer than three months ago, and sought to supplement the record again only weeks ago.” Source CoinbaseCreatingCryptoSpecificHasntProvenRulesSEC CryptoX Portal
Crypto mining data center Soluna Holdings (SLNH) shares experienced a significant 12.25% increase on May 15 as it announced a $14 million funding agreement with Navitas Global, which is earmarked for the completion of Project Dorothy 1B in Texas. This infusion of funds not only supports the development of the project but also may signal a resurgence of cryptocurrency mining. A comprehensive deal According to Google Finance, in the last 24 hours, the price of Soluna Holdings’ shares increased from $0.20 to $0.23. Soluna Holdings 5 Day Price Chart |…
Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced transaction fees, provide greater network security and enhanced compatibility with Ethereum. The Optimism team stated via a May 15 Twitter thread that the network will be down for 2-4 hours on June 6 as the upgrade goes through. “On upgrade day, transactions, deposits, and withdrawals will be unavailable for the duration of the downtime, and the OP Mainnet chain will not be progressing,” an…
Digital assets such as cryptocurrencies and nonfungible tokens (NFTs) should be recognized as legitimate property, especially as more of the world’s population goes digital, argues the co-founder of The Sandbox. Speaking to Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr, during Blockchain Week Rome last week, Sebastien Borget said thso-called “digital natives” — those who grew up with and subsequently have an increased confidence with digital devices — are growing. “More than half of the world’s population is now a digital native,” said Borget. The United Nations reported in December 2021 that almost…
According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers, as fabrication competition these days is limited. 18 ASICs Profit With Electricity Costs at $0.12 per kWh and Today’s Bitcoin Exchange Rates The average hashrate of the Bitcoin blockchain over the last 2,016 blocks stands at approximately 353.9 exahash per second (EH/s) at present. In an impressive feat this month, on May 2, 2023,…
Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. In January, the native tokens of blockchain-based metaverse projects Decentraland (MANA) and Sandbox (SAND) witnessed significant surges in price, due partly to swirling rumors about Apple’s venture into mixed reality. This trend was pointed out in a May 15 tweet from independent developer Udi Wertheimer, who in a backhanded comment to the absurdity of influencer-driven memecoins, spoke of the upcoming release as a potential…
“This partnership demonstrates our shared commitment to building a more secure, transparent, and accessible financial market infrastructure in the digital asset industry,” said Dmitry Tokarev, chief executive officer at Copper. “Copper has implemented a dedicated account structure for ClearLoop to address potential insolvency risks,” he added. Source
It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum staking tokens from liquid staking platform Lido which has just enabled withdrawals. On May 15, a transaction was identified on Celsius wallets for 428,015 stETH (Lido staked Ether) to the Lido staked Ethereum wallet. The whopping stash was worth $781 million at the time of transfer which some believe is in preparation for withdrawal. On-chain data points to Celsius performing a test withdrawal of 0.1 stETH a few hours later. Celsius stETH transfer – Etherscan.io According to…
Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s been skyrocketing this month. The number of daily transactions processed on the Bitcoin network has also hit an all-time high, with 682,281 transactions on May 1 and 671,668 confirmed transactions just nine days later. Bitcoin’s…
A scammer stole around $15 million worth of cryptocurrencies after cloning the user interface of HitBTC, a popular Hong Kong-based crypto exchange. Scammers make off with $15 million According to SlowMist, a crypto compliance expert, this scam has been operational for almost a year, successfully deceiving users into activating a phishing contract. The scammer executed a complicated scheme that earned over $15 million worth of bitcoin (BTC), ethereum (ETH), tether (USDT), and shiba inu (SHIB). The scheme involved a smart contract that requests users to connect their wallets. The victims…