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SHIBA INU TEAM BEGINS TESTING OF AUTOMATED SHIB TOKEN BURN MECHANISM RagnarShib, a Shiba Inu ecosystem team member, updates the community on Shibarium’s automated SHIB token-burning mechanism. The testing phase for the Shibarium burn mechanism has officially started and…
U.S. RAMPS UP PRESSURE ON CRYPTOCURRENCY MINERS The U.S. Energy Information Administration (EIA) is investigating the energy consumption of cryptocurrency mining operations. Crypto mining’s immense power use is compared to that of small countries, raising concerns over…
LARGE BITCOIN TRANSFERS TO COINBASE INSTITUTIONAL RAISE MARKET SPECULATION Big #Bitcoin moves to #Coinbase, making folks wonder what’s up. Grayscale loses lots of Bitcoin, but still has billions. $BTC price bounces around, but holds above $41,000.
Bitwise and Ark's Bitcoin Exchange-Traded Funds (ETFs) have reached a milestone by surpassing $1 billion in assets under management (AUM). Bitwise manages around $490 million, while Ark manages $512 million in Bitcoin. These ETFs have outpaced industry giants like BlackRock and…
UK ADVANCES TOWARDS A PRIVACY-CENTRIC DIGITAL POUND The UK government and the Bank of England are exploring a digital pound, prioritizing privacy and control. Decision on the digital pound is due by 2026, requiring UK Parliament legislation. The Bank of England suggests a…
Cryptocurrency lender Nexo is taking legal action against Bulgaria, seeking $3 billion in damages through arbitration. Nexo alleges that the investigations and charges by Bulgarian authorities were politically motivated. The Bulgarian Prosecutor’s Office dropped the case in…
AI VOICE CLONING STARTUP ELEVENLABS ATTAINS UNICORN STATUS WITH $80 MILLION FUNDING ROUND ElevenLabs secures unicorn status with an $80 million funding round led by Andreessen Horowitz, reaching a valuation of $1.1 billion. The company plans to expand its workforce from 40 to…
The departure of investors from Grayscale's Bitcoin Trust (GBTC) is causing Bitcoin to drop below $39,000. Grayscale's GBTC is experiencing substantial outflows, impacting the price of Bitcoin. Analysts hold different views on the extent of GBTC's departure; some anticipate a…
GRAYSCALE REDUCES BITCOIN HOLDINGS BY OVER 52,000 BTC Grayscale Investments sells off $2.14 billion worth of Bitcoin following SEC’s approval of spot Bitcoin ETFs. The company reduced its Bitcoin holdings by 52,227 BTC, now holding 566,973 BTC valued at about $23.21 billion.…
DOGECOIN CO-FOUNDER DEFENDS CRYPTO AGAINST RIPPLE CEO Ripple Labs CEO Brad Garlinghouse expressed skepticism about Dogecoin’s utility at the World Economic Forum in Davos. Garlinghouse criticized Dogecoin for its dependence on celebrity influence, specifically naming Elon Musk…
ETHEREUM INFRASTRUCTURE FIRM NETHERMIND RESOLVES CRITICAL BUGS IN ITS EXECUTION CLIENT Nethermind’s fix underscores Ethereum’s need for diverse clients. Geth’s dominance raises concerns amid Nethermind bug resolution. Ethereum community urges varied clients for network…
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