NewsRoom Articles - Page 32 of 178

WednesdayMar 06, 2024 9:00 am

UK Regulations Easing Crypto Asset Seizures to Take Effect Soon

The United Kingdom government has released statutory instrument material that represents a major advancement in the field of cryptocurrency law enforcement. As per the provided material, authorities will have the right to freeze cryptocurrency assets linked to illicit activity as of April 26, 2024, even in the absence of an official conviction. The announcement made public on Feb. 29, 2024, delineates the revisions introduced to the “Economic Crime and Corporate Transparency Act 2023.” These revisions extend authority to the UK’s crime agency, empowering it to confiscate and take cryptocurrency assets suspected of being involved in illegal activities without the necessity…

MondayMar 04, 2024 2:48 pm

Blockchain Life Week in Dubai: we have never seen this before

The upcoming Blockchain Life 2024 Forum is set to be a game-changer for industry professionals and crypto enthusiasts from all over the world. With a lineup of renowned speakers confirmed, including the Founder of Tron, CEO of Tether, and CEO of Ledger along with many other leaders of the global crypto market. Gathering over 8000 attendees from 120 countries, this massive Forum has to be considered as the main event of the first half of 2024. But the excitement doesn't stop there. From April 13 to 21 crypto people will dive into an unbelievable Blockchain Life Week, filled with exciting…

MondayMar 04, 2024 9:00 am

US Judge Orders Government to Halt Attempts to Audit Crypto Miners’ Energy Use

The United States government has halted its efforts to monitor crypto mining operations due to concerns about increasing energy consumption, following a lawsuit by a sector accused of exacerbating the climate crisis by environmental organizations. A Texas federal judge has ordered a temporary injunction to stop the imposition of new regulations aimed at evaluating the energy use of cryptocurrency miners. According to the judge, if these restrictions were made mandatory, the crypto sector would be severely harmed. An emergency initiative was launched last month by the U.S. Energy Department to assess how much energy mining activities used. These activities make…

FridayMar 01, 2024 9:00 am

Bybit Research Shows Ether Overtook Bitcoin as Favorite Investment for Institutions

According to a recent report released by Bybit, institutional investors are favoring Ethereum (ETH) over Bitcoin (BTC) in their investment portfolios, in contrast to retail investors, who show more enthusiasm toward the latter digital currency. Bybit’s analysis, which polled traders who are active on the platform, revealed that institutions have boosted their allocation to Ether and Bitcoin, making up 80% of their portfolio. This shift is notably influenced by the awaited Dencun upgrade, particularly driving the significant bet on ETH. Meanwhile, retail investors display a different pattern, demonstrating a lower concentration on Ether and Bitcoin while showing a stronger inclination…

WednesdayFeb 28, 2024 9:00 am

How the Upcoming Bitcoin Halving Could Affect the Crypto Industry

Every few years, a significant event captivates the crypto world: Bitcoin halving. This eagerly anticipated occurrence slashes the rewards for Bitcoin miners in half, directly impacting the rate of production and the available supply. With the upcoming halving scheduled for 2024, speculation is mounting about its potential effects on the wider crypto market. The looming question is: Will prices soar due to the reduction in new coin supply, or will the dwindling rewards undermine the crypto’s mining infrastructure? While the exact outcomes are uncertain, one thing is certain—this year’s halving will reverberate throughout the industry. As enthusiasts and investors eagerly…

MondayFeb 26, 2024 9:00 am

Coinbase Removes UTXO, Bitcoin from Merchant Platform

Leading cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) has made a decision to discontinue its support for Unspent Transaction Output (UTXO) and native Bitcoin from its merchant platform, Coinbase Commerce. For years, Coinbase Commerce has been a go-to choice for merchants interested in accepting payments in various cryptocurrencies, including Bitcoin. The platform has provided merchants with user-friendly tools such as hosted checkout, eCommerce options, payment buttons and invoicing via its API. Coinbase head of product Lauren Dowling announced the decision on X on Feb. 18, 2024, noting that the move was prompted by difficulties faced while trying to integrate new…

FridayFeb 23, 2024 9:00 am

BlackRock CEO Hints at XRP ETF Feasibility

BlackRock has sparked curiosity within the crypto community by suggesting the possibility of introducing an exchange-traded fund (ETF) based on XRP. Although there’s no official confirmation of immediate plans for an XRP spot ETF filing, speculations have surged after enigmatic remarks from BlackRock CEO Larry Fink along with its association with other crypto ETF proposals. Fink’s reticent answer in a recent interview — “I cannot discuss that” — in response to questions about an XRP ETF, was taken by XRP investors as a possible sign that BlackRock is thinking about the idea, which might boost the XRP market. However, the…

WednesdayFeb 21, 2024 9:00 am

Peter Thiel’s VC Fund Injected $200M into Cryptos Before Recent Bull Run

Founders Fund, a venture capital (VC) firm established by Peter Thiel, has once again shown interest in the crypto market, investing in ether and Bitcoin, sources report, suggesting a resurgence of attention toward cryptocurrencies in Silicon Valley. The company set aside $200 million to purchase cryptocurrency tokens in the late summer/early fall of last year. The investment was evenly split between ether and Bitcoin, the two leading cryptos, according to sources familiar with the matter. The previously undisclosed investment by the renowned Silicon Valley VC company highlights the return of institutional investors to digital assets and token investments, a strategy…

FridayFeb 16, 2024 9:00 am

Bitcoin Breaches $50,000 Level as Bull Run Continues

Bitcoin surged above the $50,000 mark on Monday, Feb. 12, 2024, reaching its highest point in more than two years. According to data from Coin Metrics, the price of the leading crypto rose by 4% to $50,168.36. Earlier in the day, it peaked at $50,334.00, marking its highest point since December 2021. Meanwhile, ether also experienced gains, rising by more than 5.5% to $2,643.80, reaching its highest point since Jan. 12, 2024, when it hit $2,638.62. Commenting on the significance of Bitcoin surpassing the $50,000 milestone, Antoni Trenchev, a cofounder of Nexo, a crypto services company, noted that although the…

WednesdayFeb 14, 2024 9:00 am

Reports Suggest Cryptocurrency Unit at SEC Could See Attorney Exodus

A Feb. 9, 2024, report by Charles Gasparino, a Fox Business contributor, has hinted at the imminent departure of experienced legal professionals from the United States Securities and Exchange Commission’s (SEC) digital assets and cyber unit. According to Gasparino, there has been a rise in resumes circulating among current SEC employees, suggesting a desire to explore other opportunities. This comes amid growing dissatisfaction within the cryptocurrency industry regarding the perceived stringent approach of Gary Gensler, the commission’s chair, toward companies operating in the sector. Eleanor Terrett, a journalist at Fox Business, recently disclosed that the commission is pursuing a record-breaking…