bitcoin
South Korea's left-wing Democratic Party is planning to request a review of the currently banned spot bitcoin exchange-traded funds (ETFs) by financial regulators. This move is part of the party's initiative to make spot bitcoin funds accessible within the country. Following their victory in April'
binance
Binance CEO Richard Teng has publicly called for the release of colleague Tigran Gambaryan, who has been detained in Nigeria since February. Gambaryan, a compliance officer for the crypto exchange, was arrested alongside Binance's Africa regional manager, Nadeem Anjarwalla, on accusations of illegal transactions. Anjarwalla managed to escape
bitfinex
Bitfinex's chief technology officer, Paolo Ardoino, has confirmed that the claims of a large-scale data breach targeting the exchange were "fake." Ardoino stated that Bitfinex's user database was not breached and that the alleged hackers posted a list of emails and passwords stolen from
bitcoin
The Bitcoin network has achieved a significant milestone by processing its one billionth transaction. This achievement comes 15 years and 4 months after the mining of Bitcoin's genesis block in January 2009. With an average rate of 178,475 transactions per day over its lifespan, Bitcoin has demonstrated
analysis
According to a report by Bloomberg, an analysis co-developed by Visa has found that over 90% of stablecoin transaction volumes are not coming from genuine users. Out of the total $2.2 trillion in transactions in April, only $149 billion originated from "organic payments activity." The analysis removed
actors
Stablecoins could surpass Visa in total payment volume this quarter, according to research firm Sacra. Sacra argues that stablecoins have a strong advantage in cross-border money movement, offering convenience, speed, and lower costs compared to traditional payment methods. They also claim that major banks are working on integrating stablecoins into
bitcoin
South Korea has excluded digital currencies from its newly amended donation legislation, which could impact charities and donation drives in the country. Starting in July, individuals will be able to donate to charitable organizations using various methods such as gift vouchers, stocks, and loyalty points, but not cryptocurrencies like Bitcoin.
bluesky
Jack Dorsey, co-founder of Twitter, has left the board of Bluesky, the decentralized social media platform he created and funded in 2019. Bluesky confirmed his departure and expressed gratitude for his contributions. Dorsey had previously responded with a simple "no" when asked if he was still on Bluesky&
bitcoin
Earnings from Bitcoin mining saw a significant drop in May following the fourth Bitcoin halving event. The halving mechanism, which limits the issuance of Bitcoin, reduced mining rewards from 6.25 BTC to 3.125 BTC. Despite initial excitement and the launch of Bitcoin Runes, miners experienced a strong decline
bitcoin
A dormant Bitcoin address that dates back to the time when Satoshi Nakamoto was active has recently become active again after 10 years. The wallet contained 687 BTC, which is equivalent to $43.9 million, and it transferred its holdings to two different wallets on May 6. The movement of
bitcoin
zkSNACKs, the company behind the Bitcoin wallet Wasabi Wallet, has announced that it will discontinue its CoinJoin coordination service. The decision was made to ensure compliance with the latest legal and regulatory updates in the United States. The closure of the CoinJoin service is due to the lack of clarity
bitcoin
An inactive bitcoin wallet that hadn't been used for over a decade transferred its entire stack of 687.33 BTC, worth over $44 million, early this morning. The wallet originally received the bitcoins in 2014 when the price of one bitcoin was $917. The reason for the transfer