Category: crypto

Bitcoin community is debating on achieving mass adoption by simplifying user experience. CEO John Carvalho proposed replacing satoshis with bitcoins to make it easier to understand and attract new users. Resistance to change is strong, with concerns about altering total supply. Carvalho is campaigning to “Make Satoshi Bitcoin Again,” sparking interest but facing opposition.

Bitcoin has reached a two-month high above $93,000, while other major cryptos like Solana and Ethereum have also seen gains. Sui Network’s native token, SUI, has surged 70% in a week, reaching over $3.5 per coin and becoming the 13th-largest crypto by market cap. Sui Network’s efficient architecture and DeFi ecosystem have driven its growth…

Blockchain sharding divides network activity for better performance and scalability. KRNL’s innovative approach to execution sharding, specifically with kOS, aims to improve efficiency and security by natively integrating functions on-chain. This approach differs from traditional methods and could revolutionize dApp development. KRNL’s vision is to create a holistic ecosystem for efficient and secure dApp building…

Five US states are continuing to pursue lawsuits against Coinbase’s staking program, which has led to over $90 million in rewards since 2023 being inaccessible to users. Coinbase is contesting allegations that its staking services constitute unregistered securities offerings and argues that regulatory uncertainty is affecting consumer choice in the digital asset industry.

Circle, the issuer of the USDC stablecoin, has denied rumors of applying for a US banking license. They clarified that they do not plan to become a bank but will align with future regulations on payment stablecoins. The focus is on supporting stablecoin legislation in Congress to promote innovation and consumer safety.

The first XRP spot exchange-traded fund (ETF) in the world, managed by Hashdex and Genial Investimentos, started trading on Brazil’s B3 stock exchange on April 25. The ETF, listed under XRPH11, tracks the Nasdaq XRP Reference Price Index and aims to attract sophisticated investors while following regulatory guidelines. XRP-related ETPs have $950 million in assets…

Newly sworn-in SEC Chairman Paul Atkins is calling for a comprehensive overhaul of the agency’s regulatory framework for crypto, criticizing outdated rules and enforcement-heavy policies that have stifled innovation. He aims to foster responsible innovation while safeguarding investors. Atkins is advocating for clear and workable rules for the digital asset sector.

The average cost to mine one Bitcoin increased to $82,162 in the fourth quarter of 2024, with factors such as hardware deployment and tax expenses driving the increase. Depreciation and stock-based compensation also contributed to higher costs. Some companies were able to reduce costs through efficiency gains. Electricity remains the largest direct mining cost. Tariff…

Senator Cynthia Lummis criticized the Federal Reserve’s recent decision to withdraw crypto-related supervisory directives as superficial and insufficient. She accused the Fed of harming the industry and American competitiveness. Lummis highlighted the Fed’s reliance on reputation risk assessments and called for fair access for crypto firms. She commended the OCC and the FDIC for moving…

The Swiss National Bank rejected calls to adopt Bitcoin in its reserves due to lack of liquidity and stability. Advocates push for a referendum to mandate Bitcoin holdings, citing global economic risks. Despite Switzerland’s blockchain innovation, SNB remains cautious. The initiative must gather 100,000 signatures to force a national vote.