Author: CoinVira
Fractal Bitcoin, a new project that recently launched its mainnet, has quickly captured the attention of the cryptocurrency community. According to data from the project’s block explorer, Fractal Bitcoin now controls over 35% of Bitcoin’s total hashrate. This is a significant milestone for the project, as it demonstrates the growing interest and support for its innovative sidechain solution. Bitcoin, the world’s leading cryptocurrency, currently boasts an impressive hashrate of 681 exahash per second (EH/s). However, Fractal Bitcoin has managed to attract about 241 EH/s of merged mining hashpower since its mainnet launch. This means that Fractal Bitcoin is now responsible…
The recent warning from the securities regulator about scams involving ‘crypto asset securities’ has sparked a debate on the legal status of the term. Ripple’s Chief Legal Officer, Stuart Alderoty, argued that the term lacks a legal definition when the SEC used it in an FTX-related filing. In the SEC’s enforcement actions with exchanges and crypto companies, the question of what truly qualifies as a “crypto asset security” under US law remains unanswered. The SEC has not provided a clear definition of ‘crypto asset securities’. In a recent post, the US Securities and Exchange Commission (SEC) cautioned investors about crypto…
CoinDesk, a renowned media outlet that focuses on the cryptocurrency industry, recently underwent a significant change in ownership. In November 2023, it was acquired by the Bullish group, the owner of Bullish, a regulated digital assets exchange. The majority stakeholder in the Bullish group is Block.one, a company with diversified interests in blockchain and digital asset businesses, as well as significant holdings in digital assets like bitcoin. Despite the acquisition, CoinDesk continues to operate as an independent subsidiary with an editorial committee in place to safeguard journalistic independence. This means that the journalists at CoinDesk adhere to a strict set…
Bitcoin made headlines once again as it surged past the $60,000 mark on September 14, marking its second time hitting this price level after facing rejection at $65,500 on August 26. While investors were pleased to see this upward movement, there were concerns lingering about the future trajectory of the largest cryptocurrency. Let’s delve into the factors that contributed to this surge and what potential scenarios could unfold next. Microstrategy, a leading public company known for its significant Bitcoin holdings, made waves in the market by acquiring an additional 18,300 Bitcoins on September 13. This purchase increased Microstrategy’s total Bitcoin…
Former President Donald Trump reaffirmed his support for Bitcoin and the broader cryptocurrency industry in a recent speech at the Economic Club of New York on September 5. In his address, Trump outlined his vision for a “national economic renaissance” and emphasized that his economic policies would encourage the growth of emerging technologies and industries through clear regulations rather than stifling them. During his speech, Trump declared his commitment to making America the global hub for crypto and Bitcoin. He emphasized that his administration would prioritize eliminating unnecessary regulations, stating that for every new regulation enacted, ten would be removed…
Arbitrum Foundation made a splash at this year’s WebX in Tokyo, the premier Web3 conference in Asia, bringing Web3 gaming to the forefront with a lineup of panel discussions, playable demos, and evening events. At the Arbitrum Foundation and ApeChain booth, attendees had the chance to get hands-on with popular titles like onchain RPG Tarochi, memecoin racing game Kitty Kart Racing, and GameFi battler Gensokishi. The booth also showcased other exciting games such as Aavegotchi, Pirate Nation, Beacon, Zeeverse, and InfiniGods, as well as promotional footage for upcoming releases like Poglin Smash and Ubisoft’s Captain Laserhawk – The G.A.M.E. One…
The UK has taken a significant step towards regulating digital assets with the introduction of the Property (Digital Assets etc.) Bill. This new draft law seeks to classify digital assets, such as Bitcoin and NFTs, as personal property, providing clarity and protection to owners in the rapidly evolving crypto industry. The UK’s approach is seen as business-friendly, offering legal recognition to digital assets and positioning the country as a global leader in technology-driven markets. Justice Minister Heidi Alexander has emphasized that the Bill will drive growth and keep Britain at the forefront of the international legal industry. This move is…
Privasea and easeflow have joined forces in a groundbreaking partnership, signaling a major advancement in blockchain technology. The announcement was made via Privasea’s official X account, unveiling a collaboration aimed at transforming node management and decentralization. This strategic alliance is set to introduce a range of innovative features designed to enhance blockchain participation on a global scale. One of the key highlights of this partnership is the introduction of a new Node Delegation feature, which will benefit NFT holders. easeflow will play a pivotal role in the sale and management of Privasea nodes, streamlining the deployment and management processes for…
Russia Mines $3 Billion Worth of Bitcoin in 2023, Legalizes Crypto Mining Approximately 54,000 Bitcoin (BTC) was mined in Russia last year, amounting to around $3 billion in value, according to Sergey Bezdelov, the Director of the Industrial Mining Association. This information was shared at the Eastern Economic Forum 2024 and was first reported by media outlet Izvestia. Bezdelov highlighted that this significant amount of Bitcoin mining could potentially generate around 50 billion rubles in taxes for the Russian government. With the recent legalization of crypto mining in Russia, he anticipates that more investors will be attracted to the industry,…
Are you a crypto investor looking for the next big thing in the world of digital assets? Look no further than NEIRO, SUN, and ETFSwap (ETFS) – three tokens that are making waves in the market and could potentially be your ticket to financial success. ETFSwap (ETFS) is leading the charge in tokenized investments with its innovative DeFi platform. By offering a wide range of tokenized exchange-traded funds (ETFs), ETFSwap (ETFS) allows investors to easily diversify their portfolios with real-world assets such as real estate, commodities, equities, cryptocurrencies, and more. The platform also provides leverage features, including 10x and 50x…