A Shiba Inu investor has tested gas fees on the Shibarium Beta Network, a new blockchain platform being developed by the Shiba Inu community. The investor’s test aimed to evaluate the platform’s gas fees, a critical factor in the performance…
Solo Bitcoin Miner Hits the Jackpot with $153,000 Reward
A lucky solo miner has struck gold by solving a Bitcoin block, receiving a reward of 6.25 BTC, or about $153,000. This happened on March 11, 2023, when the anonymous miner mined block 764,133, which was one of the largest…
Circle fights to save USDC after Signature Bank collapse: Will they succeed?
Circle, a leading issuer of the stablecoin USDC, has reportedly moved to restore investor confidence after an operational failure at Signature Bank caused some investors to lose access to their funds. Signature Bank’s Operational Failure Causes USDC Disruptions Signature Bank…
Hope for the Future: Thailand-SEC Plans to Announce Regulations to Support Crypto Industry
Thailand’s Securities and Exchange Commission (SEC) has proposed new regulations that could ban cryptocurrency staking and lending. According to a report from local news outlet The Bangkok Post, the regulator has opened up a public hearing for the proposed rules,…
Bullet Blockchain secures first patent licensing agreement, set to revolutionize Bitcoin ATM Kiosk industry
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…