The Ecosystem Fund will provide financial support to early stage projects.
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Crypto lender Babel gets extended creditor protection in Singapore
Hong Kong-based Babel Finance will totally have more than a year to repay debts to its creditors after suspending withdrawals last June.
Crypto lender Babel gets extended creditor protection in Singapore
Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022.
Bitcoin mining and increasing energy bills — Sen. Warren vs Crypto Twitter
“I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate," said Sen. Warren, while agreeing to a New York Times article on the matter.
UAE’s federal financial regulator opens licensing applications for VASPs
Companies that have already acquired licenses from the country’s financial free zones are exempted from the requirement of registering with the regulator.
‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax
Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly.
Video of SEC chair praising Algorand resurfaces after recently deeming it a security
Members of the crypto community have called out the SEC Chairman for “shilling” Algorand.
Video of SEC chair praising Algorand resurfaces after recently deeming it a security
A four-year-old video of United States Securities an Exchange Commission (SEC) chair Gary Genser giving praise to smart contract platform Algorand (ALGO) is circulating on Twitter following the SEC declaring ALGO is an unregistered security.
In the video, Gensler referred to Algorand as a “great technology” while he was contemplating whether a “high performance” smart contract network would be capable of integrating an Uber or Lyft-like application on its platform.
ALGO is one of six tokens that Gensler claimed was an unregistered security in the SEC’s lawsuit against crypto trading platform Bittrex on April 17 that took issue with the Algorand Foundation's initial coin offering (ICO) of ALGO in June 2019.
Cryptocurrency researcher Mason Versluis was one of the first to highlight the video in an April 17 tweet criticizing Gensler for “shilling” ALGO, with others calling out the SEC chair for his apparent hypocrisy.
Gensler’s praise of Algorand was heard by an audience at a Massachusetts Institute of Technology (MIT) “Fintech Beyond Crisis” conference held on April 25, 2019.
Video of SEC chair praising Algorand resurfaces after recently deeming it a security
Members of the crypto community have called out the SEC Chairman for “shilling” Algorand.
Coinbase to help UK on Web3 hub as Treasury reportedly revives blockchain taskforce
Brian Armstrong will give suggestions to the U.K. on regulations, taxes and ensuring collaboration between the banking and FinTech sectors.
MicroStrategy’s Saylor fuses work email address with Bitcoin Lightning
Fans of the Bitcoin bull have been transferring him 21 Satoshis as a way to test out the feature.
EU legislators call for ‘safe’ AI as Google’s CEO cautions on rapid development
A group of EU politicians called for a united front in developing AI while tech executives express concerns about its societal impacts.
Australian crypto scams increased by over 162% with nearly $150M lost
While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022.
Elon Musk to launch truth-seeking artificial intelligence platform TruthGPT
The tech billionaire made the announcement during a Fox interview on Monday.
Decentralized science is key to fixing academic research
Locked paywalls and high fees are defining characteristics of traditional academic research. DeSci can lower the barriers to access.
Total Arbitrum accounts surpass 5M after airdrop hype: Report
The milestone was accomplished less than one month after a much-anticipated airdrop.
Total Arbitrum accounts surpass 5M after airdrop hype: Report
The milestone was accomplished less than one month after a much-anticipated airdrop.
Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market
A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level.
Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market
Glassnode’s latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019.
The report shows that the Long-Term Holder (LTH) supply is just shy of a new all-time high, with a total supply balance of 14.161 million Bitcoin (BTC). In contrast, short-term holders (STH), who acquired coins after FTX failed, have seen their supply balance of 2.914 million BTC remain relatively constant in 2023.
By April 12, 155 days had passed since the FTX exchange collapsed on Nov. 8, 2022. The 155-day mark is crucial because it is the minimum length of time that a Bitcoin holder must have held their coins to be classified as a long-term holder (LTH).
Thus, the supply distribution can be divided into two halves, first, before FTX’s collapse to represent LTH supply, and the other after, to represent short-term holders.
Bitcoin Long/Short-Term Holder Supply. Source: GlassnodeThe report also drew a comparison of previous market cycles based on LTH behavior expressed via changes in their supply. It noted that Bitcoin is currently experiencing a period of “Plateau of Patience,” where LTH supply tends to hover around its ATH, often from several months to over a year.
CME Group to expand Bitcoin and Ether option expiries after record daily volume
The CME Group aims to offer market participants more accuracy and flexibility in managing the risk of short-term fluctuations in the prices of Bitcoin and Ether.