Month: July 2023

BarnBridge DAO to halt operations amid reported SEC investigation 

According to Douglas Park, a lawyer, the BarnBridge protocol should stop all operations due to an ongoing investigation by the US Securities and Exchange Commission (SEC). BarnBridge is a platform that builds infrastructure and protocols around a fiat stablecoin. BOND is the native governance token allowing holders to vote on proposals. Douglas Park, who was recently voted as BarnBridge DAO’s legal counsel, revealed via Discord that the DAO and individuals associated with the DAO are reportedly under investigation.  Without giving further information about what the regulator is investigating, Park advised the cessation…

‘No, we’re not smuggling people’

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From thumbs-ups from friendly strangers to midnight police searches, a Bitcoin-themed van continues a whirlwind tour around Europe. Ariel Aguilar has been behind the wheel of Bitcoin (BTC) promotion efforts, driving across Europe in a BTC-themed van called La Bitcoineta. Speaking to Cointelegraph journalist Joe Hall at Plan B Summer School, the Argentinian Bitcoin proponent recalled highs and lows of the journey across nearly a dozen European nations. “Bitcoin is work. Bitcoin is time. Bitcoin is hope.” La Bitcoineta parked at the Plan B Summer School in Lugano in 2023.…

Google Cloud furthers Bitcoin Lightning ambitions with Voltage partnership

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Google Cloud is the latest company to show interest in Bitcoin (BTC) Lightning. The $225-billion cloud and data service recently partnered with Voltage, an infrastructure provider specializing in the Bitcoin Lightning Network.  The partnership will allow one of the world’s largest cloud computing providers to roll out Bitcoin-based services worldwide while assisting the expansion of Voltage’s operations. Graham Krizek, CEO of Voltage, told Cointelegraph: “Voltage is leveraging Google Cloud to go to service our customers more globally. So, we have larger customers that need nodes deployed in specific geographic regions…

Do memecoins have a place in crypto — Where they stand

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In mid-April 2023, a frog memecoin called Pepe dominated discussions in crypto circles after going up parabolically in the span of a few hours, going up by as much as 21,000%. Pepe follows a long list of memecoins led by Doge and Shiba Inu that made millions for some and lost even more money for others.  In early April 2023, Elon Musk temporarily made the Dogecoin logo the face of Twitter. Again, the value shot up, then went back down again after. Critics point to the memecoins as the worst…

Shibarium could go live in August — Developer

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In a July 6 blog post, Shytoshi Kusama, the lead developer of Shiba Inu, said that the team will have discussions and possibly release the highly anticipated layer 2, Shibarium, during the Blockchain Futurist Conference, ETHToronto and ETHWomen hackathons, scheduled during August 2023 in Canada. The developer highlighted that this event is significant because it aligns with Shiba Inu’s third anniversary and takes place in the birthplace of Ethereum. In the announcement, Kusama stated that the Shiba Inu ecosystem would serve as the title sponsor for the upcoming Blockchain Futurist…

Over $30 Billion Lost to Blockchain Hacks, Reveals SlowMist Hacked Statistics

According to a research by SlowMist Hacked Statistics, the total amount of money that has been stolen from blockchains is an astounding $30,011,604,576.24. This information comes as a stunning surprise. The data, which encompasses a total of 1,101 hack occurrences, highlights the mounting worries over the sector’s security as blockchain and cryptocurrencies continue to gain popularity. The study includes a thorough analysis of the losses by category, showing the sectors that have been most impacted by the aforementioned security breaches. The Exchange category is at the top of the list…

European trade body warns against the exclusion of DeFi from MiCA

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The Association for Financial Markets in Europe (ASME), an industry advocacy group that represents wholesale market participants in Europe, called for the inclusion of the decentralized finance (DeFi) sector within the recently passed markets in crypto assets (MiCA) regulations. MiCA is considered the first potential comprehensive crypto legislation that is set to come into effect in December 2024. However, the crypto legislature excludes certain aspects of the crypto ecosystem including DeFi and nonfungible tokens (NFTs). The ASME in its paper addressed to the Europen Council noted that the exclusion of…

Bitcoin mining stock prices outperformed BTC in H1 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin mining stock prices outperformed bitcoin prices in H1 2023, recent data shows. Comparing the performance of the top nine public bitcoin (BTC) mining firms, based on market capitalization, reveals that their average year-to-date stock price are up by over 250% in 2023. At this level, it is over 3X the performance of the world’s most valuable coin during this period. Bitcoin price and stock performance The difference in performance between bitcoin mining stocks and bitcoin…

Polygon spinoff launches testnet bridge to allow for low-cost layer 2s

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Blockchain network Avail has launched a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer 2s that do not store full transaction data on Ethereum, the announcement stated. Avail was originally created by Polygon Labs, but was spun off as an independent project in March. Polygon’s co-founder, Anurag Arjun, is also the founder of Avail. Avail Block Explorer. Source: Avail.tools Layer-2 rollup networks like Optimism, Arbitrum, Polygon zkEVM, and zkSync Era…