Category Archive: Cryptocurrency, No picture
Luxor and Bitnomial launch first Bitcoin mining derivative in the US
Bitcoin Hashrate Futures, the first fully regulated Bitcoin mining derivative product has been launched for trading in the US by Luxor Technology Corporation and Bitnomial. The product will trade under the $HUP ticker with featuring 1 petahash (PH) contract sizes through monthly durations.The derivative product is designed to increase liquidity and transparency in the Bitcoin […]
SHIB whale realizes 41,900% profit after three years
An investor held a stash of Shiba Inu (SHIB) tokens for over three years before selling it for 41,900% profit, as reported by X user identified as Lookonchain. On February 1st, 2021, the investor swapped 2 Ether (ETH) for over 48 billion SHIB, transforming $2,625 into nearly $1.1 million after swapping SHIB back to ETH […]
Halving of BTFS Storage Rewards
Singapore, May 28, 2024 –To sustain the growth and success of the BitTorrent ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners on the BTFS network. From 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 […]
Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison after pleading guilty to conspiracy charges related to unlawful political contributions and operating an unlicensed money-transmitting business, as noticed by the US Attorney’s Office Southern District of New York (SDNY). Salame’s sentence also includes three years of supervised release and […]
Ethereum funds attract $35 million in inflows following ETF approvals
Digital asset investment products experienced over $1 billion in weekly inflows last week, marking the third consecutive week of inflows, as reported by asset management firm CoinShares. Ethereum (ETH) funds registered $35.5 million of inflows in the same period, its most substantial intake since March, and reduced the month-to-date outflows to $11 million.The recent uptick […]
Betting platform Rivalry launches RVLRY token in Web3 expansion
Sportsbook and gaming operator Rivalry today announced the Rivalry Token (RVLRY) a native crypto token designed to augment functionality and user engagement within its suite of products. The token’s launch, expected in the latter half of 2024, marks a strategic move to solidify Rivalry’s position in the crypto-gambling sphere and cater to its primary demographic […]
TRON network officially supported by LayerZero
Geneva, Switzerland, May 28, 2024 – The TRON DAO has officially announced LayerZero support for the TRON blockchain, making TRON the second non-EVM chain to be integrated into LayerZero’s cross-chain interoperability protocol. This significant development allows TRON ecosystem developers to seamlessly expand their applications to over 70 other networks supported by LayerZero.LayerZero is a cutting-edge […]
Possible BNB Chain exploit sees $80K in BTC lost
A recent incident on the BNB Chain has resulted in the loss of approximately $80,000 worth of Bitcoin (BTC) due to a potential exploit involving a series of suspicious transactions. While the amount may seem small compared to typical crypto exploits, the attacker’s identity and intentions have come under scrutiny.According to on-chain security firm Cyvers, […]
China’s Industrial Bank rewards digital yuan spending with carbon credits
Fuzhou-based commercial bank Industrial Bank (CIB), has unveiled a novel rewards system that enables users to earn carbon credit points through digital yuan (e-CNY) spending, according to a recent report from Cnfol.com, an online financial information platform.Through the bank’s mobile app, users can now accumulate carbon points for a range of transactions, from daily payments […]
Solana validators vote to keep full control of priority fees
Solana validators have voted on SIMD-0096, a proposal to self-allocate 100% of priority fees, ending the previous 50/50 split between burning fees and rewarding validators. The proposal was passed with a 77% approval.According to descriptions of the proposal, it was designed to address specific flaws in Solana’s current validator system while maintaining alignment with incentives […]
