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Cryptocurrency

Bitcoin miners made nearly $600K from Ordinals’ NFT transactions in two months

The Ordinals hype is real with the NFT inscriptions now regularly taking over 50% of Bitcoin block space.

Stablecoins not the target in BUSD crackdown: Matrixport head of research

Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.

OFAC-compliant blocks on Ethereum hit three-month low of 47%

Back in November, the percentage of Ethereum blocks complying with orders from the Office of Foreign Asset Control peaked at 79%.

SEC to target crypto firms operating as ‘qualified custodians’ — Report

If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will...

Binance withdrawals and BUSD redemptions surge post Paxos crackdown

Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."

CFTC and SEC cases against SBF deferred until after criminal trial

Damian Williams, U.S. Attorney for the Southern District of New York pushed to defer the civil cases due to a major overlap between the...

Iris Energy to nearly triple hash rate with estimated 44,000 new BTC miners

With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company.

Bitcoin hits record 44M non-zero addresses, thanks to Ordinals: Glassnode

Glassnode noted that this is the first time in Bitcoin history where the network has been used for purposes other than for monetary purposes.

Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

Paxos said it will engage with the US securities regulator on the matter and is prepared to "vigorously litigate if necessary."

Bakkt sunsets its consumer-facing crypto app to focus on B2B solutions

The app is expected to cease operations on March 16, 2023.
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