By Omkar Godbole (All times ET unless otherwise noted) A new Bitcoin improvement proposal, BIP-110, which aims to reduce spam-like data that clutters the blockchain, is facing backlash from some industry leaders who say it risks doing more damage to the network’s reputation than the spam itself. BIP-110 is a “soft fork,” a type of […]
Proposal to improve Bitcoin to block spam draws heat from heavyweights Read More »
The crypto market continued to show weakness Tuesday morning, largely following a selloff in U.S. tech stocks and a correction in precious metals prices. Bitcoin is trading at $68,000, down 1.25% since midnight UTC, while Nasdaq and gold futures have lost 0.55% and 2.4%, respectively, over the same period. Altcoins also lost ground as popular
Bitcoin BTC$68,153.35 is struggling to create bullish momentum, even as the key panic indicator retreats from its high earlier this month and hints at renewed stability. Bitcoin’s 30-day implied volatility, the fear or panic gauge that reflects investors’ expectations for 4-week price swings, fell to 52% annualized, according to data source Volmex. The decline reversed
Bitcoin remains under pressure near $68,000 even as panic ebbs Read More »
Fast food chain Steak ‘n Shake announced its decision to accept Bitcoin BTC$68,324.61 nine months ago, same-store sales increased “significantly.” Bitcoin payments are routed directly to its strategic Bitcoin reserve, which is then used to fund bonus payments to its employees, according to a statement posted Monday on the company’s X account. “Nine months ago
The UK’s crypto regulatory framework is moving in the right direction, but not fast enough to support the country’s ambitions to become a global digital asset hub, Andrew MacKenzie, CEO of sterling stablecoin developer Agant, told CoinDesk. The government has repeatedly pledged to position London as a center of global activity in crypto and digital
Decentralized lending protocol ZeroLEnd is shutting down operations after three years, citing unsustainable economics amid inactive blockchains and growing security threats. The protocol, which operated crypto lending markets on various blockchains, said sustained efforts could not overcome challenges such as removing support from price data providers and decreasing liquidity on networks like Manta, Zircuit and
DeFi ZeroLend protocol shuts down after 3 years, citing inactive chains and hacks Read More »
Bitcoin Price Today: Stable at $68,000 Amid Thinned Holiday Trading
Bitcoin Price Today: Stable at $68,000 Amid Thinned Holiday Trading Read More »
Investors are the most bearish on the dollar in more than a decade, according to the latest Bank of America (BofA) survey, and this extreme bet could lead to bitcoin. BTC$68,266.99 volatility, but not in the way crypto bulls have become accustomed to. BofA’s February survey shows that investor positioning on the US dollar has
The bearish positioning of the dollar reaches its highest level since 2012. Read More »
HONG KONG — Oleg Ogienko, A7A5’s director of regulatory and foreign affairs, is looking to debate anyone who accuses him of breaking compliance laws through his stablecoin company. Speaking to CoinDesk at Consensus Hong Kong, the public face of ruble-denominated stablecoin issuer A7A5 – which grew faster last year than USDT or USDC – stressed
Inside Sanctioned Stablecoin Issuer A7A5’s Race to Build a Crypto Giant Read More »
The Hong Kong Securities and Futures Commission (SFC) has granted a crypto license to Victory Fintech (VDX), an affiliated entity of publicly listed financial services company Victory Securities (8540). Victory was granted permission to operate a digital asset trading platform on Friday, according to the SFC’s register of licensed crypto companies, the first addition since
Hong Kong regulator approves first crypto company license since June last year Read More »
