Binance has phased out of supporting Bitcoin (BTC) non-fungible tokens (NFTs) shortly after adding them to its marketplace. Binance revealed its plans “to streamline product offerings” on the Binance NFT marketplace in a blog post that was published on April 4th. In keeping with these initiatives, the exchange’s marketplace will
Environmental organizations have long criticized Bitcoin and its proof-of-work system for using too much energy. With the use of an Ethereum Virtual Machine (EVM) and a mobile treasure hunt based on NFT that coincides with the mainnet launch, the new Bitcoin layer-2 staking network Social Network seeks to alter this.
Enforcement Chief of the U.S Securities and Exchange Commission (SEC), Gurbir Grewal, took aim at the cryptocurrency sector, highlighting their reluctance to comply with regulations and their desire to skirt them. Grewal stressed the SEC’s dedication to adapting current securities rules to the evolving digital asset world while speaking at
According to ARK Invest CEO Cathie Wood, Bitcoin’s (BTC) ascent might be attributed to its status as a “flight to safety” from depreciating fiat currencies. In an interview that was made public on April 3 by CNBC, Wood characterized BTC as an investment that has both upside and downside risks.
Crypto exchange Coinbase has partnered with the open-source protocol Lightspark to provide its users a Layer-2 solution for the Bitcoin network. Users of Coinbase would supposedly benefit from faster and cheaper Bitcoin transactions in the future as a result of this strategic alliance. To enable inexpensive and quick transactions across
Bitcoin Market—Asian investors are experiencing wild swings as automated trading systems react swiftly to data from US exchange-traded funds (ETFs) holding the cryptocurrency. This phenomenon was evident on Tuesday when Bitcoin faced its sharp decline in a month during Asian trading hours, driven by outflows from these ETFs. According to
Practicing Law Institute’s “SEC Speaks” event featured U.S SEC Commissioner Hester Peirce, who criticized the agency’s regulatory stance on the cryptocurrency sector, with an emphasis on Staff Accounting Bulletin 121 (SAB 121). Peirce, who is well-known for her dissenting opinions within the Commission, brought attention to the difficulties caused by
In order to increase output and efficiency in preparation for the halving event, Bitcoin miner Bitfarms has purchased 87,796 miners. Bitfarms revealed their ambitions to expand their farm in the future, acquire more miners, and increase their capacity this year in a social media post on X on April 2.
On April 2, the U.S government sent 30,175 BTC—almost $2 billion in value—to a wallet connected to Coinbase. At the time of the transfer, the price of Bitcoin dropped significantly, reaching a weekly low of $64,500. But shortly after that, the price of the cryptocurrency sustained over $65,000. One of
In March 2024, the Bitcoin mining industry witnessed remarkable growth as cryptocurrency prices surged to new ATHs, propelling mining profitability to new heights. According to recent data, bitcoin miners generated a staggering $2.01 billion in revenue from rewards and transfer fees, marking a significant milestone in the network’s history. Of
