The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, the mechanisms and decentralized structure of Cardano effectively mitigated the attack, ensuring uninterrupted stability and operation.ย This display of resilience has garnered praise from bullish investors and renewed confidence in the price appreciation prospects of Cardanoโs native token, ADA. DDoS Attack Propels Bullish Sentiment Jaromir Tesar, an industry expert, highlighted that most services, including SundaeSwap, which processed many orders, continued to operate effectively during the attack.ย The attacker incurred transaction…
Month: June 2024
US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvadorโs Success
U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s technological leadership. Lawmaker Proposes Bill to Allow Federal Income Taxes to Be Paid […] Original
Bitcoin Miner Marathon (MARA) Mined $15M Kaspa (KAS) Tokens to Diversify Revenue
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Abra Settles With 25 States for Operating Without Licenses, Will Return Up to $82M to U.S. Customers
“The corresponding consent orders will settle all state matters related to the Abra App in the U.S. for the period from March 2021 to June 2023,” the spokesperson said. “Since June 2023, 99% of assets held by U.S. retail customers of Abra using the Abra App have already been returned โ over $250 million. Abra continues to operate in the United States through Abra Capital Management, an SEC-registered investment advisor, that allows clients to invest in crypto, earn yield, stake and borrow against their crypto holdings.” Source
U.S. moves $240m Silk Road Bitcoin to Coinbase
Bitcoin fell 2% after the U.S. government moved 3,940 Bitcoin seized from a Silk Road vendor. Bitcoin (BTC) came under selling pressure as the U.S. government transferred $240 million worth of crypto to a Coinbase Prime Address. Arkham Intelligence said the 3,940 BTC sent to Coinbase was originally forfeited from Silk Road vendor and narcotics dealer Banmeet Singh in a January trial.ย Silk Road BTC moved to Coinbase | Source: Arkham Intelligence Silk Road was a dark web marketplace created by Ross Ulbricht in 2011. The Federal Bureau of Investigation…
Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from […] Source
SEC Chair Gensler: Spot Ethereum ETF Approval Process โGoing Smoothlyโ
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the spot ethereum exchange-traded fund (ETF) approval process is โgoing smoothly.โ He stressed that โitโs really about the asset managers making the full disclosure so that those registration statements can go effective.โ SEC Chair Gensler on Spot Ethereum ETF Approval U.S. Securities and Exchange [โฆ] Source BitcoincryptoexchangeExchanges CryptoX Portal
CoinShares Analyst Predicts โTrue Correctionโ Amid Outflows
Bitcoin-based crypto investments have witnessed another week of outflow in what was an unpleasant week for Bitcoin and other cryptocurrencies. Bitcoin investors, in particular, were disappointed as they watched the price of the worldโs biggest asset decline during the week, temporarily falling below $60,000. According to recent inflow data from CoinShares, this correction also flowed into crypto investment products. Notably, crypto investment products registered $584 million outflows last week to extend outflows to $1.2 billion in two weeks. True Correction Is Underway For Bitcoin According to the CoinShares report, most…
Blast’s $3B Airdrop and Bitcoin’s Mt. Gox Moment
FREE, FOR A FEE: Token airdrops are, after all, free money โ one reason why project teams might be less sympathetic to users who complain that they didn’t get what they thought they were owed. Now, the blockchain interoperability project LayerZero has introduced a new twist to the process โ what some observers are calling “pay to claim.” When LayerZero Foundation came out last week with the ZRO airdrop, it forced users to fork over a “proof-of-donation” before they could claim the new tokens. As detailed by CoinDesk’s Shaurya Malwa,…
Assangedaoโs JUSTICE Token Surges and Dips Amid Julian Assangeโs Release
In a significant display of volatility, the Assangedao cryptocurrency token JUSTICE climbed by over 80% on Tuesday, only to fall by 18% the next day. This fluctuation follows the recent release of Wikileaks founder Julian Assange, igniting renewed interest and speculative trading in the token. JUSTICE Token Sees Wild Fluctuations Following Julian Assangeโs Release The [โฆ] Source CryptoX Portal