Author: News Room
UK Judge James Mellor has placed a $7.6 million asset freeze on Craig Wright, the controversial figure who has claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. This decision follows a heated legal battle with the Crypto Open Patent Alliance (COPA), which challenged Wright’s assertion of being the digital currency’s founder. Craig Wright Hit With Asset Freeze The court’s decision was based on overwhelming evidence presented during the Joint Trial, leading to Judge Mellor’s conclusion that Wright was not, in fact, the creator of Bitcoin. This ruling came as part of a wider copyright and database right action…
On Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors. Bitcoin Futures Open Interest Reaches Unprecedented $37.55 Billion Since the close of 2023, interest in bitcoin (BTC) derivatives has escalated, reaching […] Read the full article here
Deep-pocketed crypto investors are abruptly shifting hundreds of millions of dollars worth of digital assets to and from unknown wallets. New data from whale-surveying platform Whale Alert reveals that over $350 million worth of Bitcoin (BTC), the top crypto asset by market cap, was moved in two separate transactions. The first transaction saw a crypto whale move 3,599 BTC ($252,067,077) from one unknown wallet to another while the second transaction saw 1,500 BTC ($105,528,550) shifted from an unknown wallet to another. Bitcoin is trading for $69,671 at time of writing, a 1.9% decrease during the last 24 hours but a…
[PRESS RELEASE – London, United Kingdom, March 29th, 2024] Scorpion Casino’s presale has accumulated nearly $10 million to date. As the presale nears its end, the platform has announced another push of its $250,000 giveaway and the team hopes to further engage participants and attract additional investment. $SCORP Token at the Core of Presale Success Central to the interest in Scorpion Casino’s presale is the SCORP token. The token’s structure allows for daily returns to holders based on the casino’s earnings, distinguishing it within the online gambling industry. The team believes this feature enhances the appeal of the presale, playing…
Bitcoin (BTC) has seen a remarkable surge in value in the early months of 2024, reaching an all-time high surpassing $70,000. This surge is attributed to various factors including regulatory approvals and the launch of bitcoin ETFs, as well as increased market appetite for risk assets like stocks and cryptocurrencies due to anticipated interest rate cuts. What is Bitcoin halving? Bitcoin halving refers to the reduction in the rate at which new bitcoins are produced. This process is fundamental to Bitcoin’s design and economic model. The blockchain, which is the underlying technology of Bitcoin, is maintained by miners—individuals or companies…
Spark, a Maker SubDAO-built DeFi infrastructure, has deployed $100 million in new DAI liquidity with Morpho Blue, Morpho’s lending protocol. This move allows users to borrow Ethena’s stablecoins, USDe and sUSDe, at highly efficient leveraged positions backed by MakerDAO. Ethena’s USDe is backed 1:1 to the US dollar and collateralized with institutional custodians, including Fireblocks, Copper, Ceffu and Cobo. sUSDe is a value accruing “internet bond,” or a staked version of the USDe asset. In addition to creating new DAI markets, a DAI vault has been built on MetaMorpho, a protocol that enables vaults to be created on Morpho Blue…
After the successful activation of the Oxford 2 protocol on February 9th, the Tezos Blockchain community is once again buzzing. This time it’s about the proposals of the Paris protocol – Paris A and Paris B – which each promise significant advancements to the Tezos protocol. These proposals, identified by their hash keys, aim to introduce lower latency, faster finality, and crucial updates to the Proof-of-Stake (PoS) mechanism. Let’s delve into the complexity of these proposals and their significance for the future of Tezos. Updates and important improvements of the Tezos blockchain Main features Conclusions Updates and important improvements of…
The dogecoin (DOGE) price surged to its highest level since December 2021 on Thursday, with trading volumes and futures open interest rising significantly. Several posts from prominent Dogecoin community members on X speculated about the token’s implementation on the platform, especially in relation to a new payment branch being awarded more licenses in the U.S. Dogecoin (DOGE) surged to its highest since December 2021 on Thursday amid bullish sentiment and speculation about the use of the dog-themed meme coin on the social-media platform X. DOGE exchanged hands at 22 cents in European afternoon hours, a 17% gain over 24 hours.…
X Payments received the Check Sales & Money Transmitter certificate for Louisiana. The move triggered optimism within the crypto market, with the payments platform securing licenses in 23 states in the US. 💱 X Payments Granted Sale of Checks and Money Transmitters License from Louisiana!#X pic.twitter.com/JRAYotIvZ4 — Updates (@sirfupdate_) March 29, 2024 The continuous expansion reflects Elon Musk’s dedication to transforming the digital transactions landscape. The regulatory focus cements X Payment’s footprint in the United States market. Meanwhile, the latest Louisiana license updates triggered speculations in the cryptocurrency industry, with discussions on Dogecoin’s (DOGE) potential integration dominating trends. While there’s…
The total number of wallet addresses of Litecoin increased by 1 million to hit 8 million after declining from its peak in November 2023. Analysts expect LTC to hit $150 as no crucial resistance level appears to be found after $100. Litecoin’s (LTC) on-chain activities boom ahead of the much anticipated Bitcoin halving as the number of wallet addresses grows by more than 1 million in the last 12 months. As of March 28, the total number of wallet addresses was 8 million. Data also shows that the number of active addresses is following a similar trajectory as it nears…