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Bank of England has no tech skills to issue CBDC yet: Deputy governor
BoE deputy governor Jon Cunliffe compared a potential digital pound with Apple’s iPhone app store as it could “open a new frontier for people to improve payments.”
Breaking: Visa and Mastercard halt new crypto partnerships — Report
According to sources, Visa and Mastercard will delay the launch of new blockchain partnerships until market conditions improve and a clearer regulatory framework is established.
War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says
The adoption of crypto law in Ukraine has been slowed down mainly due to the need to adapt it to tax and civil codes, an official told Cointelegraph in an exclusive interview.
Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
Wrapped Bitcoin garnered DeFi traders' support in the 2021-22 bull season, but the demand started to fade post numerous crypto contagions led to redemptions.
Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
Wrapped Bitcoin garnered DeFi traders' support in the 2021-22 bull season, but the demand started to fade post numerous crypto contagions led to redemptions.
Crypto industry lobbying expenses rose by 120% in 2022 in the US
Coinbase remains a leader for lobbying expenditure for the sixth year in a row, but Binance.US is accelerating its efforts.
Bitcoin exchanges now own 16% less BTC than the oldest hodlers
"Wild" data shows that more of the BTC supply has been dormant for at least a decade than that available for purchase on exchanges.
Bitcoin exchanges now own 16% less BTC than the oldest hodlers
The latest data shows that Bitcoin (BTC) exchanges have less BTC to buy than at any time since early 2018.
On-chain analytics firm Glassnode confirms that as of February 2023, exchange reserves are at five-year lows.
“Wild stat” shows Bitcoin supply maturation
The latest statistics reflect the determination of Bitcoin hodlers, as major exchanges’ BTC balances are in “down only” mode.
As of Feb. 27, the latest date for which data is available, the platforms tracked by Glassnode held a combined 2,272,798 BTC.
It was in March 2018 that the number was previously so low, with March 2020 representing the current all-time high of 3,202,326 BTC.
UAE emirate to launch free zone for digital and virtual asset firms
Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have their own regulatory frameworks and tax schemes.
Bitcoin Depot converts BTC ATMs to software to reduce operating costs
Crypto ATM installations have seen a steady decline across the world over the past several months. While some ATMs have been taken out of operation due to geopolitical tensions and revenue decline, some providers like Bitcoin Depot have started converting their physical Bitcoin (BTC) ATMs to software.
Bitcoin Depot recently converted all of its 7,000 crypto ATMs and kiosks to a software-based offering powered by BitAccess. The software conversion drive came after Bitcoin Depot acquired majority equity in BitAccess back in November 2022. Months before the deal, Bitcoin Depot had revealed plans to go public in 2023 via an $885 million deal with a special-purpose acquisition company (SPAC).
The software conversion of the crypto ATMs, which vertically integrates Bitcoin Depot’s hardware and software, eliminates annual software licensing fees. The fees previously accounted for $3 million in annual operational costs.
Crypto ATM growth by manufacturers. Source: Coin ATM RadarIn the first half of 2022, BitAcess enjoyed the position of a market leader. However, since July 2022, the company has seen a consistent decline in total ATM installations, confirms data from Coin ATM Radar.
As shown in the above graph, BitAccess is currently down to third position after Genesis Bytes and Genesis Coin, both of whom have increased their market share in the same timeline. Explaining the motive behind the move, Bitcoin Depot’s VP of BTM Operations, Jason Sacco, stated:
Bitcoin Depot converts BTC ATMs to software to reduce operating costs
The software conversion of the crypto ATMs, which vertically integrates Bitcoin Depot’s hardware and software, eliminates annual software licensing fees.
Ethereum testnet successfully forks in Shanghai upgrade rehearsal
As Ethereum's Shanghai upgrade approaches next month, one of the network's testnets has successfully upgraded, simulating the slated hard fork.
Ethereum testnet successfully forks in Shanghai upgrade rehearsal
As Ethereum's Shanghai upgrade approaches next month, one of the network's testnets has successfully upgraded, simulating the slated hard fork.
Bitcoin core dev calls out 'misleading' auction selling his code as an NFT
Bitcoin core developer Luke Dashjr has called out the sellers behind an NFT auction for using his name and code without his knowledge or consent.
Bitcoin core dev calls out 'misleading' auction selling his code as an NFT
Bitcoin core developer Luke Dashjr has called out the sellers behind an NFT auction for using his name and code without his knowledge or consent.
MyAlgo users urged to withdraw as cause of $9.2M hack remains unknown
The Algorand wallet provider said it still hasn't determined the cause of the attack, urging users to withdraw funds from wallets created with a seed phrase.
Solana CEO hoses down claims network outages caused by on-chain voting
Anatoly Yakovenko, the founder and CEO of Solana Labs has downplayed claims that Solana's network outages were being caused by a high volume of validator messages and its on-chain voting system clogging its consensus layer.
While the Solana Foundation confirmed in a Feb. 27 post that the “root cause” of the recent 20-hour network outage is still not clear, the CEO responded to speculation that Solana’s decision to include on-chain votes as transactions is a “massive design flaw” that has led to its many outages.
The controversial thread in question was posted by Twitter user DBCryptoX earlier on Feb. 27 days after Solana's 20-hour network outage, suggesting that the high volume of validator messages and on-chain votes were clogging the network.
However, Yankovenko in a response Tweet some 20 minutes later called the theory as coming from “pure ignorance.”
In short, he explained that the votes — which are part of a “single giant quorum” — contribute to provide an “exceptional level of security and high throughput and low fees” simultaneously.
Solana CEO hoses down claims network outages caused by on-chain voting
Solana Labs founder and CEO Anatoly Yakovenko said claims that Solana's network outages were caused by on-chain voting were born out of "pure ignorance."
Americans 'frustrated' by financial system inequality, 20% own crypto: Survey
Crypto ownership among U.S. adults has remained steady over the last 12 months, with a large portion seemingly "frustrated" by the one-sided global financial system.