Bullet Blockchain, a blockchain technology and cryptocurrency mining company, announced its first patent licensing agreement with a Bitcoin ATM kiosk manufacturer based in the United States. The deal will allow the kiosk manufacturer to integrate Bullet Blockchain’s proprietary blockchain technology…
USDC Depeg’s, currently at .92cents, Circle Confirms $3.3B Stuck with Silicon Valley Bank
Circle, the company behind USDC, the second-largest stablecoin in circulation, recently confirmed that its cash reserves worth $3.3 billion(alleged 9.8 billion from Deloitte audit ) have been stuck with Silicon Valley Bank (SVB), which was taken over by regulators and…
Bitcoin Advocates Heartbroken as SEC Disapproves VanEck’s Spot BTC Trust Product – But Hope is Not Lost!
The United States Securities and Exchange Commission (SEC) has once again disapproved a Bitcoin exchange-traded fund (ETF) proposal, this time from asset manager VanEck. The proposal sought to create the VanEck Bitcoin Trust, which would have been traded on the…
Coinbase pauses USDC to USD for the weekend – Puts investors in worry
Coinbase temporarily pausing USDC:USD conversions over the weekend possibly due to its Circle’s Silicon Valley bank exposure USDC was one of the most trusted stablecoin and with Circle’s undisclosed exposure puts investors at risk. With no prior warning, Coinbase decided…
Binance has temporarily suspended auto-conversion of USDC to BUSD – Potentially due to Circle-Silicon Valley Bank exposure
As per Binance notification on twitter, Binance has temporarily suspended auto-conversion of USDC to BUSD due to current market conditions, specifically related to high inflows & the increasing burden to support the conversion. USDC( Circle) is in the center of…
Circle’s USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle, a U.S.-based stablecoin issuer, has come under scrutiny after it was revealed that the company held a portion of its USDC stablecoin’s cash reserves at Silicon Valley Bank (SVB) as of January 17th. This comes after SVB was taken…
Missed Opportunity: South Dakota Governor’s Veto of Cryptocurrency Bill Deals a Blow to Innovation and Progress!
South Dakota Governor Kristi Noem has vetoed a bill that sought to exclude cryptocurrencies from the definition of “money” under state law. The bill, which was passed by the state’s legislature, aimed to clarify the legal status of cryptocurrencies and…
Victim of Crypto Theft Fights Back: New Yorker Sues Coinbase for $96,000 Loss and Negligence
Jared Ferguson, a New York resident, is suing Coinbase for $96,000 worth of stolen cryptocurrency from his Coinbase wallet. He claims that the company is responsible for the theft and filed a complaint in San Francisco’s U.S. District Court on…
Hedera(HBAR) confirms that the mainnet breach resulted in the theft of millions of service tokens
Hedera Hashgraph(HBAR), a public distributed ledger technology (DLT) platform, confirmed on March 14, 2023, that millions of service tokens were stolen as a result of a breach in its mainnet. The incident occurred on March 10, 2023, and was reported…
Revolutionizing Mining Operations:Jack Dorsey’s Block Unveils Powerful Mining Development Kit to Empower Developers!
Block, founded by Jack Dorsey, introduces a new mining development kit to enhance accessibility and openness for novel Bitcoin mining use cases through multiple components. Block, a blockchain infrastructure firm, has recently announced the release of its Mining Development Kit…