Author: CoinVira
Circle, a stablecoin issuer, is making a significant move by relocating its headquarters to New York City. The decision, announced by Circle CEO Jeremy Allaire on social media platform X, is driven by the desire to fully immerse the company in the world of Wall Street as blockchain technology continues to intertwine with the financial system. Allaire expressed his rationale for the move, stating, “As this technology explodes into the mainstream, and as Circle becomes a more and more important company and infrastructure for this new internet financial system, it became clear that we needed to plant our flag, both…
Australia’s Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2024 is causing quite a stir, sparking intense debates over its potential impact on free speech. The bill, aimed at curbing misinformation surrounding elections, public health, and critical infrastructure, mandates that tech companies establish codes of conduct to regulate content on their platforms. Platforms that fail to self-regulate may face penalties enforced by the Australian Communications and Media Authority (ACMA), including fines of up to 5% of their total global revenue. Critics of the bill argue that this could lead to a chilling effect on legitimate public discourse and could potentially…
Cardano Sees Price Surge and Profit-Taking Activity Cardano has experienced a significant price surge of over 10%, breaking through a key resistance level and testing higher prices. Despite this bullish momentum, on-chain data indicates that long-term holders are starting to take profits. The ratio of daily on-chain transactions in profit to loss has turned positive, suggesting that many investors are cashing in on recent gains. Market Sentiment and Profit-Taking As the market dynamics evolve, ADA is striving to maintain its upward trend, fueled by positive sentiment and growing optimism for further price recovery. However, the recent profit-taking activity signifies that…
Arbitrum, a leading decentralized exchange (DEX) platform, has maintained its stronghold in the Layer 2 (L2) ecosystem with the highest Total Value Locked (TVL). Despite its dominance in the DeFi space, the native token ARB has been on a downward trend over the past three months. Recent data shows that almost all ARB holders are currently holding their positions at a loss, indicating a significant decline in the token’s value. The daily chart analysis reveals a steady decline in ARB’s price since May, with both short and long-moving averages pointing towards a downtrend. As of the latest update, ARB is…
TRON (TRX) has been on a remarkable upward trajectory in recent months, with its market capitalization experiencing a significant hike. This surge in interest and performance has captured the attention of investors, contributing to the positive momentum of TRX. Despite some minor downtrends in the past couple of days, TRX has shown an impressive 19% increase in value since July, as indicated by the price range indicator. The Relative Strength Index (RSI) also remains in the bullish zone, signaling continued positive momentum for TRX. Moreover, the number of long-term holders of TRX has been steadily increasing, indicating a strong bullish…
A spike in malicious activity linked to North Korean threat groups has caught the attention of cybersecurity researchers, who have uncovered a coordinated effort targeting the npm ecosystem. This campaign, which kicked off on August 12, 2024, involved the release of harmful npm packages aimed at infiltrating developer environments and pilfering sensitive data. The newly identified packages, such as temp-etherscan-api, etherscan-api, and telegram-con, showcase advanced tactics like multi-stage obfuscated JavaScript that fetches additional malware from remote servers. According to a recent blog post by Phylum, the malware found in these packages includes Python scripts and a complete Python interpreter. These…
Bitcoin mining executives from leading companies came together at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss the latest trends, challenges, and the future of the industry. Moderated by Anthony Scaramucci of SkyBridge Capital, the panel featured CEOs from prominent mining firms such as Bit Digital, Bitfarms, CleanSpark, Core Scientific, and Marathon Digital Holdings. During the panel discussion, Fred Thiel, CEO of Marathon Digital Holdings, highlighted the important role of Bitcoin miners in balancing energy grids. He emphasized that Bitcoin mining is a key load on the energy grid that can be curtailed, allowing miners to assist…
Bitcoin miners are facing new challenges as the cryptocurrency’s mining difficulty reaches an all-time high. On Sept. 10, Bitcoin’s mining difficulty rose by 3.58%, bringing it to a record level of 92.67 trillion. This news comes as Bitcoin’s overall hashrate approaches 700 exahashes per second, reaching 693 EH/s. The increase in mining difficulty means that miners will need more computational power to solve complex mathematical problems and validate transactions on the network. This will put pressure on miners to invest in more powerful hardware and consume more electricity, leading to higher operational costs. Despite the challenges, many miners are still…
A new cryptocurrency bill has been introduced on Capitol Hill, aiming to distribute oversight powers between two regulatory giants, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Proposed by U.S. Representative John Rose from Tennessee, the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets bill seeks to create a Joint Advisory Committee dedicated to cryptocurrencies. This collaborative approach would combine the knowledge and expertise of both the SEC and CFTC. Rep. Rose has criticized the current enforcement-heavy regulatory approach as ineffective. Instead of competing for oversight, he believes that the SEC and…
The US government is continuing to put pressure on Nigeria to release an employee of Binance, the world’s largest cryptocurrency exchange, who has been detained since February and is reportedly facing deteriorating health conditions while in prison. According to officials from the US State Department, US Secretary of State Antony Blinken raised the issue directly with Nigerian officials in May, and since then, US diplomats, including the ambassador to Nigeria, have been actively advocating for the employee’s release. The detained employee, identified as Mr. Gambaryan, aged 40, has been struggling with various medical issues during his time in custody, including…