Devs for the Blast L2 are accused of stealing open-source code that’s available to all. Is that cheating, or a sincere form of flattery? Source
Blast From the Future: Can You Plagiarize Something Meant to Be Copied?
Month: February 2024
Bitcoin To $5 Million? S2F Model Predicts When This Will Happen
Using historical and future Bitcoin halving events, the Bitcoin Stock to Flow (S2F) live data chart model has pointed toward a BTC surge to unprecedented highs during the 2028 to 2032 halvings. Bitcoin To Hit $5 Million After 2028 Halving Crypto analyst Bit Harington recently shared insights in a post on X (formerly Twitter) about the potential surges in the price of Bitcoin during the next halving stages. Using data from the Bitcoin S2F chart, Harington predicted the price of Bitcoin would reach $500,000 by the fourth halving, which is taking…
Man Behind Defunct BTC-e Exchange Once Popular with Criminals Faces U.S. Charges
One of the men behind BTC-e, a now-defunct crypto exchange once popular with cybercriminals and money launderers, has been arrested and charged in the U.S., the Department of Justice (DOJ) said Thursday. Source
The Biggest BONK Whale Just Invested in 'Ycombinator for Solana'
BONK DAO is writing a $500,000 check for the venture fund of Colosseum, Solana’s new hackathon organizer. Source
U.S. Sen. Lummis Says ‘Delicate’ Talks Underway Over U.S. Crypto Legislation
Stablecoins such as Tether’s USDT and Circle Internet Financial’s USDC, which are tokens tied to the value of the U.S. dollar, are a vital part of the crypto markets, used as steady means of transacting in other more volatile assets. (Collectively, stablecoins have a market cap of about $136 billion.) Some legislative efforts have approached the finish line in the past few years, with Democratic and Republican lawmakers finding common ground on regulating the tokens. But one of the key sticking points has been the role of the Feds or…
Bitcoin Set For ‘Dullest Rally’ With A Twist, Whale Forecasts
Bitcoin has been unable to retain its bullish momentum and seems likely to extend its current downside trend. However, the long run remains positive, and the next months could see BTC reach its all-time high, but in a different fashion than in previous rallies, according to a large investor. As of this writing, Bitcoin trades at $42,000 with a 1% loss in the last 24 hours. Over the previous week, the cryptocurrency still records a 5% profit. BTC’s price trends to the upside on the daily chart. Source: BTCUSDT on…
Bitcoin mining causing health, noise crises in small Texas town
Residents of Granbury, Texas, are facing unprecedented disturbances, health issues, and environmental crises due to a local Bitcoin mining operation, as reported by TIME. The continuous sound from the mining facilities has become a nightly ordeal for locals, as several residents have complained about migraines and sleep issues. There are also reports of wildlife disappearing from the area due to these noises. Bitcoin mining facilities have significantly increased across the U.S., with Texas emerging as a hub due to its affordable energy, land availability, and favorable regulations. As of 2023,…
Bitcoin could stay rangebound, Solana poised for breakout
Bitcoin investors have high hopes for 2024 given the cryptocurrency’s almost too-good-to-be-true setup , but they may have to wait a few weeks more for its next big ascent, according to Wolfe Research. On Wednesday, bitcoin finished the month of January right where it started, just above the flat line at the $42,000 level, despite the long-awaited launch of spot bitcoin exchange-traded funds in the U.S. That’s largely due to an extended sell-the-news phenomenon that pushed bitcoin below $39,000 at one point. The price has recovered but has yet to…
Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90?
Two high-volume transactions involving Solana (SOL) have caught the attention of the crypto community considering the impact they could have on the crypto token’s price. Moreover, these transactions have come at a time when SOL risks dropping below the psychological price level of $90. Solana Whales Move $82 Million Worth Of SOL Data from the blockchain analytics platform Whale Alert shows that an unknown wallet address (7v2M…Ao3C) moved 659,283 SOL to another unknown wallet address (3vxh…gkom). The movement of such a significant amount of SOL has raised speculations as to…
Germany’s DZ Bank to run crypto trading trial in 2024
DZ Bank, Germany’s second-largest financial institution, plans to launch a cryptocurrency trading pilot. Souad Benkredda, a board member at DZ Bank, stated that the Frankfurt-based bank aims to offer a variety of cryptocurrencies. The initiative is designed for customers who prefer to invest independently without seeking financial advice. “According to a study by the Genoverband, every second bank wants to offer this solution for their customers.” Souad Benkredda in an interview with Bloomberg However, Benkredda noted that the decision to adopt such a service ultimately rests with each individual institution.…