Category: Latest news

[ad_1] Quick Take The Bitcoin mining industry has reached a significant milestone, surpassing a market capitalization of $20 billion, now standing at $20.6 billion, according to Farside data. This milestone emphasizes the growing significance of public miners within the Bitcoin ecosystem, contributing approximately 28% of the global hash rate. They are valued at around 1.55%…

[ad_1] Google has taken legal action against a group of individuals it accuses of defrauding over 100,000 people globally by distributing counterfeit crypto apps through its Google Play store, CNBC reported. The lawsuit was filed in the Southern District of New York on April 4. The move represents Google’s effort to combat crypto scams and…

[ad_1] Crypto exchange Binance, currently facing criminal charges in Nigeria, notably lacked legal representation at its April 4 court hearing in the African nation. Instead, the hearing was only attended by its compliance chief, Tigran Gambaryan, who the Nigerian government has detained since the end of February. However, despite expectations for the proceedings to advance,…

[ad_1] Ripple’s Chief Legal Officer Stuart Alderoty has strongly criticized Gurbir Grewal’s, the Director of Enforcement at the Securities and Exchange Commission (SEC), comment about the crypto industry’s compliance efforts. At a recent SEC event, Grewal suggested that the emerging industry was utilizing various methods to evade the financial regulator’s oversight, such as relocating or…

[ad_1] Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Ripple’s entrance into the market. Earlier today, crypto firm Ripple revealed plans to launch a stablecoin that would be 100% backed by US dollar deposits, government bonds, and cash equivalents. In response, Allaire said it was “encouraging to see more companies taking a compliance-first…

[ad_1] Crypto exchange Binance said its non-fungible token (NFT) marketplace will discontinue support for Bitcoin NFTs by April 18, per an April 4 statement. According to the exchange: “Starting from 2024-04-18 06:00 (UTC), users will no longer be able to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace via the Bitcoin…

[ad_1] Bitcoin-focused blockchain Elastos is partnering with the decentralized physical infrastructure networks (DePIN) network IoTeX on digital identity validation. However, the collaboration also aims to bring Bitcoin’s robustness and trust to the forefront of DePIN, marking a significant leap toward integrating digital and physical assets using Bitcoin. The partnership represents an effort to leverage Bitcoin’s…

[ad_1] Bitcoin Cash experienced a notable surge, soaring over 10% following the completion of the blockchain’s network halving. The digital asset, which has been on a consistent upward trajectory since the year began, has witnessed a remarkable 23% surge over the past week and an impressive 43% upswing in the last 30 days, according to…

[ad_1] Quick Take On April 3, Bitcoin (BTC) exchange-traded funds (ETFs) experienced a notable increase in net inflows, reaching $113.5 million, marking the most substantial daily net inflow since March 28. This surge was primarily fueled by Fidelity’s FBTC, which saw its highest net inflow since March 26, totaling $116.7 million. Consequently, FBTC’s total net…

[ad_1] Google is reportedly considering the introduction of paid “premium” features powered by generative AI to its search engine, The Financial Times reported on April 2. Sources close to the matter told the newspaper that Google is exploring the possibility of incorporating AI-enhanced search capabilities into its existing suite of premium subscription services. The suite…