Legislation has been introduced in the American state of South Dakota to amend the Uniform Commercial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central bank digital currencies (CBDCs) would still be considered money under the proposed new definition. The 117-page amendment, introduced into the state House of Representatives by Republican Mike […]
Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits
During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today. While […]
Celo president Rene Reinsberg explains why the protocol is optimizing for mobile
On Episode 10 of Cointelegraph’s Hashing It Out podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw (GhCryptoGuy) to discuss the regenerative finance (ReFi) movement, which focuses on the building blocks of decentralized finance (DeFi) and the principles of regenerative economics. Reinsberg also explains how Celo intends to stay relevant in the multichain world of […]
Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing
The Office of the Attorney General for the District of Columbia in the United States is moving forward on a lawsuit against business intelligence firm MicroStrategy executive chair Michael Saylor related to tax evasion. According to a Feb. 28 filing with the U.S. Securities and Exchange Commission, MicroStrategy said the court had not dismissed a […]
Xapo Bank Becomes First Bank To Offer Bitcoin Lightning Payments
Xapo is partnering with Lightspark to allow its customers to send bitcoin near-instantaneously to any vendor who accepts BTC over Lightning. Gibraltar-licensed private bank Xapo Bank has partnered with Lightspark, the startup spearheaded by former Facebook crypto lead David Marcus, to integrate the Lightning Network and enable near-instant bitcoin payments for its customers. Xapo Bank […]
The Big Flip: Interest Rate Expectations Repricing Upward
The Big Flip thesis has been gaining traction in the financial world and describes the market’s misplaced belief in the path of inflation and policy rates. The article below is a free full piece from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights […]
BitKeep remains on track to fully compensate victims of $8M APK exploit
According to an official Telegram statement on March 1, Singaporean cross-chain crypto wallet developer BitKeep says it has reimbursed 50% of user assets lost during a security breach stemming from Dec. 26, 2022. On the date of the incident, an estimated $8 million was stolen by hackers after BitKeep’s APK 7.2.9 (Android Package Kit) installation […]
Binance Launches Bicasso: An AI-Powered Tool to Mint NFTs
Binance, the largest cryptocurrency exchange in the world, has launched a new AI-powered NFT generator called Bicasso. Thanks to this new NFT generator, users will be able to […]
Crypto Influencer Confronted On-Camera Over Alleged Scam
What happens when you combine a dubious crypto project, a rekt investor, and a wealthy founder enjoying his profits? A fight in an upscale shopping center, of course. Prominent Venezuelan crypto influencer Newman Perez was earlier this month confronted at a Colombian shopping center by a man who accused him of stealing his funds. The […]
Investigator Reveals Bitbns Customer Assets Stolen In $7.5 Million Hack
Based on the investigation, the hack occurred on February 1 and resulted in the theft of customer assets valued at $7.5 million. Bitbns CEO Reveals Details Of $7.5 […]