Bitcoin inches towards higher weekly close with CME futures gap in focus
The end of the weekly candle could soon give way to a more pressing $42,400 target should the market move significantly overnight, one trader says. Bitcoin (BTC) was on the…
Ethereum’s average and median transaction fee slip, lowest in six months
Ethereum’s average transaction fees dropped by almost 73.3% just within a month — down to $14.17 from $53.03. The infamous transaction fees of the Ethereum (ETH) ecosystem underwent a decremental…
Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad
The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification,…
South Korea Jails Seven Masterminds of Country’s ‘Largest Crypto Fraud Scheme’
Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest…
Cydia Dev Discloses Ethereum L2 Bug — Optimism Attacker Could Have ‘Printed an Arbitrary Quantity of Tokens’
On February 10, the well-known developer of Cydia and iOS Jailbreak, Jay Freeman, otherwise known as Saurik, published a Twitter thread about a bug he found in the Layer-2 (L2)…
Bitcoin network hash rate explodes to a new all-time high of 248.11 EH/s
The network hash rate jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — in just one day, further ensuring resilience against attacks on the Bitcoin network. The Bitcoin (BTC)…
El Salvador’s Bitcoin Law: Understanding alternatives to government intervention
Last year El Salvador dominated headlines as the first country to adopt Bitcoin as legal tender. Now, it’s time to promote mainstream adoption from the ground up. Last year, El…
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining
The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and…
Wells Fargo: Cryptocurrency Has Entered ‘Hyper-Adoption Phase’
Financial services firm Wells Fargo says that cryptocurrencies are viable investments that have entered the “hyper-adoption” phase. “Cryptocurrencies have been following an adoption pattern similar to other new advanced technologies,…
Netflix Orders Crypto Series About a Couple’s Alleged Scheme to Launder $4.5B in Bitcoin Stolen From Bitfinex
Netflix has ordered a documentary series about the couple who allegedly laundered billions of dollars from the 2016 Bitfinex hack. Aspiring rapper Heather Morgan and her husband, Ilya “Dutch” Lichtenstein,…