bitcoin
North American bitcoin miner Core Scientific has reported a major turnaround in the first quarter of this year, posting $210.7 million in net income compared to a loss of roughly $400,000 in the same period last year. The company attributed its net income to a gain on extinguishment
bitcoin
Properly securing your bitcoin keys while traveling is crucial for maintaining control and minimizing risk. Here are seven tips to help you travel with your bitcoin securely. First, only carry the wallets you need, segregating your funds into multiple wallets and leaving the majority of your savings in secure cold
biden
A battle is brewing between the crypto industry and the Biden administration over a non-binding resolution passed in the U.S. House. The resolution demanded that the Securities and Exchange Commission (SEC) retract a staff bulletin on digital asset custody accounting, with the aim of promoting innovation in the digital
aksnetwork
TON (SCENEToncoin), the native cryptocurrency of The Open Network (TON), has experienced a significant price increase of nearly 13% in the past 24 hours, making it the second-largest coin in the top 100 cryptocurrencies by market cap. This surge in price came after the announcement that the anticipated token NOT
blockchains
Heroglyphs is a new protocol developed by OGs like 0xMaki, the anon co-founder of Sushiswap, that aims to address the centralization issue faced by Ethereum and other major blockchains. While Ethereum's shift to Proof of Stake brought improvements, it also raised concerns about consolidation of validation power and
banking
In a recent podcast, Hilary Allen, a law professor at American University, expressed concerns about stablecoins, describing them as a threat to the banking system and the public. She believes that stablecoins could destabilize banks and potentially require a government bailout. These comments come as there is a push in
agricultural
Euclid, a Nibiru-powered Web3 start-up, has emerged from stealth with a decentralized unified cross-chain liquidity infrastructure. The company recently raised $600,000 in a pre-seed funding round, which will be used for development, audits, marketing, and business development. Euclid aims to achieve liquidity unification by creating a single source-of-truth ledger
bitcoin
Bitcoin mining company Marathon Digital (MARA) reported lower-than-expected first-quarter revenue due to operational challenges. The company mined 2,811 bitcoin during the quarter, a 34% decrease from the previous quarter. Marathon attributed the decline to equipment failures, transmission line maintenance, and weather-related curtailments. Despite missing revenue expectations, the company reported
assets
Troy Paredes, a former commissioner at the SEC, believes that the regulator may be overstepping its boundaries when it comes to classifying digital assets as securities. Speaking at a conference, Paredes stated that the SEC has taken a broad view of what constitutes a security under the Howey test. He
blockchain
Two bugs in a fork of the Gains Network leveraged trading protocol could have allowed traders to profit 900% on every trade, regardless of the token's price, according to a report from blockchain security firm Zellic. One bug was patched in a previous version of Gains, while the
base
Coinbase is preparing for a future where billions of customers can safely use decentralized applications on millions of blockchains. They are integrating the Ethereum Virtual Machine (EVM) and Circle's USD Coin (USDC) into their system. Coinbase's head of tokenization, Anthony Bassili, spoke at TokenizeThis 2024 in
assistant
The White House plans to nominate Kristin Johnson, a Democratic Commissioner at the Commodity Futures Trading Commission (CFTC), for the role of Assistant Secretary for Financial Institutions at the U.S. Treasury Department. Johnson received support from Maxine Waters, the Ranking Democrat of the House Financial Services Committee, and her