Month: June 2023

Node operators urged not to upgrade to the latest version of a Bitcoin lightning network node implementation

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The technology product manager of Lightning Labs, one of the development companies behind the Lightning Network, has pointed out a memory leak bug in the recent Lightning Network Daemon (LND) version 0.16.3, and is now urging operators not to upgrade or roll back to the previous version for those who have already upgraded their software. Don’t upgrade to LND 0.16.3, the memory leak bug is bad. If you did upgrade you can safely downgrade back to…

Is the cryptocurrency market about to break its 10-week losing streak?

The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market’s resilience and end-of-week price gains amid uncertainty in stablecoins’ reserves provides hope for bulls, it might be too soon to celebrate. Crypto regulatory conditions deteriorate The past few week have seen a bearish trend fueled by regulatory uncertainty. Last week, Bitcoin (BTC) and BNB saw 2.5% gains, but XRP dropped 5.2%, and Ether (ETH) traded down 0.7%. Total crypto market cap in USD, 1-day. Source: TradingView Notice…

On-chain data show crypto whales accumulating ethereum

On-chain data from Lookonchain, a blockchain analytics platform, reveals that in the past few trading days, crypto whales have been accumulating ethereum (ETH), buying millions worth of the coin. Whales accumulating ethereum Notably, some of the whale moves involved Hashkey. On-chain data shows that Hashkey made several strategic moves to capitalize on the market conditions. In one instance, the whale bought 1,747 ETH for $2.5 million at $1,431 during the de-pegging of USD Coin (USDC).  The whale then sold 3,540 ETH for $7.4 million at the highest price point of…

Wyre, a crypto payments platform, shuts down, selling assets

Wyre, a platform facilitating payments with digital currencies, is closing shop due to the ongoing decline in the market. The portal has since its winding-down procedure, stating that potential purchasers interested in acquiring the company’s assets are now invited to express their interest. Wyre shuts down After nearly ten years, the San Francisco-based provider of cryptocurrency payment solutions said their decision to wind down follows challenges posed by the bearish market conditions rather than any stringent “regulatory agency directives” in the United States. In a statement on June 16, the…

Hinmann documents unsealed in Ripple vs. SEC case, Binance faces more regulatory headwinds

During the past week, Coinbase and Binance encountered challenges due to increased regulatory scrutiny, coinciding with bearish market conditions following the US Securities and Exchange Commission’s (SEC) charges. Binance faced additional regulatory obstacles on a global scale, while its US-based counterpart, Binance.US, successfully settled with the SEC, preventing a complete freeze of its assets. The SEC also remained in the spotlight as a bill to remove chairperson Gary Gensler advanced through Congress. Significant developments also occurred in the SEC vs. Ripple case, as previously undisclosed internal emails about the Bill…

early bitcoin and ethereum investors exploring InQubeta 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto is changing rapidly. People who invested in bitcoin (BTC) and ethereum (ETH) early on are now examining the next opportunities. InQubeta (QUBE) has generated interest from seasoned and novice cryptocurrency enthusiasts due to its unique and innovative approach. Its potential impact on the market is noteworthy. As the crypto market continues to evolve, InQubeta stands out as a decentralized finance (DeFi) project that can redefine industries and shape the future of decentralized technology. The secret behind…

Network to reward validators, stakers with XRP

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Root Network is looking to foster the XRP ledger-EVM interoperability issue while also rewarding validators and stakers with XRP. According to reports, Root Network, a cross-chain platform, will soon offer XRP rewards to its validators and stakers. XRP is the native token of the XRP Ledger. Community supporter Dip Collector made this claim in response to a discussion regarding the possibility of XRP Ledger side chains. The #RootNetwork is a very advanced blockchain based on #substrate…

DeFi tokens to watch in H2 2023

The state of decentralized finance (DeFi) in 2023 is a mixed bag. On the one hand, the sector has seen significant growth in recent months, with total value locked (TVL) reaching an all-time high of over $200 billion in February 2021. This growth was driven by several factors, including the launch of new DeFi protocols, increased adoption by institutional investors, and the growing popularity of DeFi-based yield farming. On the other hand, DeFi has also been plagued by many high-profile hacks and exploits. For example, the Ronin Network was hacked…

Binance CEO responds to resolution of SEC’s request for emergency relief

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance CEO Changpeng “CZ” Zhao expressed pleasure at the amicable resolution of a recent emergency relief request from the U.S. Securities and Exchange Commission (SEC) that would have resulted in the freezing of client funds. Binance.US and SEC agree on consent order CZ highlighted the company’s commitment to ongoing operations despite the difficulties and regulatory barriers faced by Binance recently. He emphasized that user funds are safe and secure across all Binance-related services and will remain…

Binance sends cease and desist notice to fraudulent Nigerian entity

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Binance CEO Changpeng Zhao has announced that Binance has officially issued a cease and desist notice to the fraudulent entity known as Binance Nigeria Limited.  On Sunday, June 18, Zhao took to Twitter to make the announcement. On June 9, the Nigerian Securities and Exchange Commission (SEC) released a circular stating the illegality of Binance Nigeria Limited in the country. According to reports, a Binance spokesperson responded that the entity mentioned in the circular is not affiliated with the company. The spokesperson expressed the company’s intention to seek clarity from the Nigerian SEC…