Category: crypto

Bitcoin (BTC) surpassed $100,000 for the first time in over two months due to bullish sentiment, institutional adoption, and renewed confidence after a trade deal announcement. The wider crypto market also saw gains, with Ethereum (ETH) surpassing $2000. The trade deal between the US and UK boosted market sentiment and capital inflows into Bitcoin exchange-traded…

OpenAI has launched the OpenAI for Countries initiative as part of its Stargate project to help countries build artificial intelligence systems based on democratic values. The program aims to engage governments in shaping AI frameworks that prioritize transparency, accountability, and public interest, instead of authoritarian control. The initiative will provide countries with access to democratic…

The SEC is considering an exemption order that would allow firms to issue and trade securities using distributed ledger technology. SEC Commissioner Hester Peirce revealed the plan during a speech, explaining that the exemption aims to lower regulatory hurdles for firms interested in tokenized securities. Strict guidelines and safeguards would be in place to protect…

Emirates General Petroleum Corporation (Emarat) partners with Crypto.com to introduce crypto payments at fuel stations in Dubai, marking a first in the Middle East and North Africa. This initiative allows customers to pay for fuel using Bitcoin and other digital assets directly at the pump. The UAE continues to advance as a global leader in…

Crypto wallets provide a range of security features to manage digital assets effectively, ensuring a balance between convenience and strong protection for users globally. The cover art/illustration from CryptoSlate may contain a mix of content, potentially including AI-generated elements.

Ethereum plans to increase its gas limit by 66% to 60 million units to improve transaction capacity and network efficiency. The upgrade has received support from validators and key figures in the ecosystem. This would be the second increase in gas limit this year, with potential benefits including lower transaction fees and reduced congestion.

Coinbase has agreed to acquire Deribit, a crypto derivatives platform, in a deal valued at $2.9 billion. This would be Coinbase’s largest acquisition to date. Deribit confirmed the acquisition, stating it will bring spot, futures, perps, and options under one brand. The deal is in its final stages pending regulatory approval.

LockBit, a well-known Ransomware-as-a-Service group, suffered a security breach exposing 60,000 Bitcoin addresses. Hackers exploited a vulnerability to access LockBit’s systems, leaking sensitive data like private keys and chat records. SlowMist traced a Bitcoin address to known exchanges, suggesting the stolen funds were being cashed out. LockBit offered a bounty for the hacker’s identity.

Arizona and Oregon have passed laws to integrate Bitcoin and digital assets into public policy. Arizona has created a state-run Bitcoin and Digital Asset Reserve Fund, while Oregon has updated its Uniform Commercial Code to recognize digital assets as acceptable collateral. These moves signal growing acceptance of crypto at the state level.

BlackRock’s Shares Bitcoin Trust ETF (IBIT) had a successful quarter despite Bitcoin’s price decline, reporting $47.78 billion in net assets. The ETF’s performance is directly correlated to Bitcoin’s market performance, with institutional interest remaining strong. BlackRock appointed Anchorage Digital Bank as a new custodian to safeguard against risks. Regulatory and market risks continue to impact…