Author: e_cash_top
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Consensys CEO believes decentralization will lead to a ‘generational paradigm shift’
[ad_1] Consensys CEO and Ethereum co-founder Joseph Lubin said the world is on the cusp of a generational paradigm shift fueled by decentralization as the current monetary system of the world is failing. He made the statements during a fireside talk at ETHDenver, where he discussed his thoughts on what could drive the next supercycle…
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StanChart exec predicts $200K Bitcoin by 2025-end as demand continues to outpace supply
[ad_1] Standard Chartered head of crypto research Geoffrey Kendrick predicts Bitcoin will continue to rally over the coming 24 months to culminate in a $200,000 price per coin by the end of 2025. Kendrick made the statement during a CNBC interview on Feb. 29. He said that macro and fundamental indicators all point to a sustained…
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Biden administration’s notorious Bitcoin mining survey halted after legal backlash
[ad_1] The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas Blockchain Council. According to the March 1 court filing, the EIA must destroy any survey information it has already received and information…
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Grayscale CEO says there is ‘insatiable demand’ for spot Bitcoin ETFs
[ad_1] Grayscale CEO Michael Sonnenshein said the financial industry has “never seen such insatiable demand for an ETF wrapper” as it has seen with Bitcoin ETFs. Sonnenshein made the statement during a CNBC interview on March 1, where he shared his insights about the performance of spot Bitcoin ETFs and the market’s response to their…
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Crypto losses hit $67 million in February, pushing yearly losses to $200 million – Immunefi
[ad_1] Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97.54% of funds stolen, according to Immunefi’s latest crypto losses report. Meanwhile, the remaining 2.46% of the funds stolen were lost due to fraud. Despite the significant losses during the month, there was a notable decrease compared to…
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Texas Blockchain Council challenges controversial Bitcoin mining energy survey
[ad_1] In the recent SlateCast episode, Texas Blockchain Council Chairman President Lee Bratcher discussed the controversial emergency survey recently issued by the Energy Information Administration (EIA) regarding Bitcoin mining energy usage. As Bratcher explained: “[The EIA] created this farce of an emergency and rushed it through without the notice and comment period.” He elaborated that…
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SEC faces pushback from states over crypto regulations in Kraken case
[ad_1] Several US state attorneys general and pro-crypto factions have lodged amicus briefs opposing the Securities and Exchange Commission’s (SEC) case against Kraken. Montana, others brief against SEC On Feb. 29, a coalition of state attorneys general from Montana, Arkansas, Iowa, Mississippi, Nebraska, Ohio, South Dakota, and Texas jointly submitted a brief that does not…
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Hungary issues draft law allowing banks to offer crypto services
[ad_1] Hungary is advancing a legislative proposal that would enable banks, investment funds, and asset managers to offer services in Bitcoin and other cryptocurrencies, according to a March 1 report by Bloomberg Law. The initiative marks a significant development in Hungary’s financial sector, aligning with a broader European movement towards the adoption of digital assets.…
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Nigeria reportedly considers $10 billion Binance fine over illegal transactions and registration
[ad_1] The Nigerian government is reportedly considering imposing fines of up to $10 billion on Binance. Local media outlets reported that Bayo Onanuga, the special adviser to the Nigerian president, said the exchange profited from facilitating illegal transactions in the African country while the nation suffered huge losses. According to Onanuga, the fine would be…
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xAI Corp owner Elon Musk sues OpenAI for straying from non-profit roots
[ad_1] Elon Musk has filed a lawsuit against OpenAI, its co-founders Sam Altman and Greg Brockman, and other related entities. According to the Feb. 29 court filing, Musk alleged that the defendants were in breach of their founding agreement, which stipulated that the company would develop artificial general intelligence (AGI) for the benefit of humanity,…