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James Howells, an IT engineer, is suing Newport City Council for $647 million after the council blocked his attempts to recover a hard drive containing 8,000 Bitcoin
The drive was mistakenly discarded in 2013. Despite offering the council 10% of the recovered value, the council has consistently denied his request due to environmental concerns at the landfill site.
The drive was mistakenly discarded in 2013. Despite offering the council 10% of the recovered value, the council has consistently denied his request due to environmental concerns at the landfill site.
📈Onchain stablecoin borrowing rates have hit a 70-day high of 7%
This increase in borrowing rates is driven by higher demand for stablecoins rather than a shortage of supply.
The combined utilization rate for USDC, USDT, and DAI on Ethereum has reached 87%, its highest level since June 2024. While cryptocurrency prices have remained flat recently, they experienced a 10%-20% surge following the Fed's rate cut in September.
This increase in borrowing rates is driven by higher demand for stablecoins rather than a shortage of supply.
The combined utilization rate for USDC, USDT, and DAI on Ethereum has reached 87%, its highest level since June 2024. While cryptocurrency prices have remained flat recently, they experienced a 10%-20% surge following the Fed's rate cut in September.
Vitalik Buterin’s ‘Surge’ plan aims for exponential Ethereum growth with 100,000 TPS
Ethereum co-founder Vitalik Buterin has outlined his vision for the next phase of the network’s evolution, known as “The Surge.” In an Oct. 17 blog post, Buterin shared critical objectives for this phase, aiming to achieve over 100,000 transactions per second (TPS) across Ethereum’s mainnet and layer-2 solutions.
He also emphasized the importance of improving interoperability between layer-2 networks while preserving the decentralization and robustness of the blockchain’s mainnet.
Ethereum co-founder Vitalik Buterin has outlined his vision for the next phase of the network’s evolution, known as “The Surge.” In an Oct. 17 blog post, Buterin shared critical objectives for this phase, aiming to achieve over 100,000 transactions per second (TPS) across Ethereum’s mainnet and layer-2 solutions.
He also emphasized the importance of improving interoperability between layer-2 networks while preserving the decentralization and robustness of the blockchain’s mainnet.
Animoca Brands to Release Ghost in the Shell Movie NFTs
Ghost in the Shell will get the NFT treatment, with the Hong Kong-based gaming firm Animoca Brands set to launch a series of tokens based on the landmark 1995 movie adaptation.
The move comes as Japan-linked firms take a fresh stab at bringing anime content into the world of crypto and blockchain. Per the Japanese media outlet CoinPost, the firm will launch the tokens on the Ethereum blockchain network.
Ghost in the Shell will get the NFT treatment, with the Hong Kong-based gaming firm Animoca Brands set to launch a series of tokens based on the landmark 1995 movie adaptation.
The move comes as Japan-linked firms take a fresh stab at bringing anime content into the world of crypto and blockchain. Per the Japanese media outlet CoinPost, the firm will launch the tokens on the Ethereum blockchain network.
DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle
The U.S. Department of Justice (DOJ) announced Thursday that a federal jury in Tampa, Florida, found Berman Jerry Nowlin, Jr., also known as “Repulse” and “Zayous,” guilty of conspiracy to commit wire fraud and money laundering through a cryptocurrency scheme involving non-fungible tokens (NFTs).
Nowlin, 21, and his codefendant, Devin Alan Rhoden, known as “Denny” and “Deviinz,” created NFT collections on the Solana blockchain titled “UndeadApes” and “Undead Lady Apes.” The DOJ noted that after an increase in resale prices:
The U.S. Department of Justice (DOJ) announced Thursday that a federal jury in Tampa, Florida, found Berman Jerry Nowlin, Jr., also known as “Repulse” and “Zayous,” guilty of conspiracy to commit wire fraud and money laundering through a cryptocurrency scheme involving non-fungible tokens (NFTs).
Nowlin, 21, and his codefendant, Devin Alan Rhoden, known as “Denny” and “Deviinz,” created NFT collections on the Solana blockchain titled “UndeadApes” and “Undead Lady Apes.” The DOJ noted that after an increase in resale prices:
US Bitcoin National Defense Policy promotes ‘Mutually Assured Preservation’ – Lowery
US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal.
He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset.
US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal.
He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset.
Bitcoin could be one upgrade away from overtaking Ethereum DeFi
A single, long-dormant string of code, hidden deep within the original Bitcoin stack, can introduce a suite of new functionality that could potentially see the Bitcoin network rival Ethereum in terms of decentralized finance (DeFi) activity.
The upgrade is called “OP_CAT” (short for operation code concatenate) and refers to a few simple lines of code originally introduced by Satoshi Nakamoto.
A single, long-dormant string of code, hidden deep within the original Bitcoin stack, can introduce a suite of new functionality that could potentially see the Bitcoin network rival Ethereum in terms of decentralized finance (DeFi) activity.
The upgrade is called “OP_CAT” (short for operation code concatenate) and refers to a few simple lines of code originally introduced by Satoshi Nakamoto.
Bitcoin miner Marathon Digital plans to privately issue $700 million in convertible senior notes due in 2030, according to a Nov. 18 statement.
The offering, subject to market conditions, includes an additional $105 million purchase option for initial buyers within 13 days of issuance.
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Securitize Unveils Vault System to Revolutionize Institutional Defi Liquidity
Securitize has rolled out its S-Token Vault, utilizing ERC4626 technology to elevate liquidity and streamline portfolio management for institutions holding tokenized real-world assets (RWAs).
This S-Token Vault offers institutional investors a way to tap into liquidity through DEUSD while maintaining the benefits of their original investments.
Securitize has rolled out its S-Token Vault, utilizing ERC4626 technology to elevate liquidity and streamline portfolio management for institutions holding tokenized real-world assets (RWAs).
This S-Token Vault offers institutional investors a way to tap into liquidity through DEUSD while maintaining the benefits of their original investments.
Public Bitcoin miners underperform BTC and other proxies year-to-date
Bitcoin mining stock CleanSpark (CLSK) has gained 18% year-to-date, falling short of Bitcoin’s 121% rise over the same period.
Analyst Caleb Franzen of Cubic Analytics highlights this discrepancy, questioning the effectiveness of investing in mining stocks for higher exposure to Bitcoin’s performance.
Bitcoin mining stock CleanSpark (CLSK) has gained 18% year-to-date, falling short of Bitcoin’s 121% rise over the same period.
Analyst Caleb Franzen of Cubic Analytics highlights this discrepancy, questioning the effectiveness of investing in mining stocks for higher exposure to Bitcoin’s performance.
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🌟 Somnia Devnet hit 1M+ transactions in 2 weeks! Now you can earn points for on-chain activities! 💫
🔮 What is Somnia?
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🇨🇿The Czech Republic has enacted a tax policy exempting Bitcoin holdings from capital gains tax if held for over three years, effective January 1, 2025
This move aligns cryptocurrency taxation with existing securities exemptions, aiming to foster a more favorable environment for long-term crypto investors.
The policy also exempts individuals from paying taxes if income from digital currencies exceeds 100,000 Czech crowns.
This move aligns cryptocurrency taxation with existing securities exemptions, aiming to foster a more favorable environment for long-term crypto investors.
The policy also exempts individuals from paying taxes if income from digital currencies exceeds 100,000 Czech crowns.
Alabama state auditor calls to establish Bitcoin reserve
State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption.
He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.
State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption.
He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.
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Reploy editor is one of $RAI's many utilities allows for:
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👉Get real-time security analysis and optimization suggestions as you code.
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Binance's liquid staking token, BNSOL, has achieved a significant milestone of $1 billion TVL, capturing 10% of Solana’s liquid staking market
Launched as part of Binance's SOL Staking initiative, BNSOL allows users to stake their Solana tokens and receive BNSOL in return.
This liquid staking token enables users to earn staking rewards while maintaining the flexibility to trade, transfer, or utilize their staked assets across various DeFi platforms.
Launched as part of Binance's SOL Staking initiative, BNSOL allows users to stake their Solana tokens and receive BNSOL in return.
This liquid staking token enables users to earn staking rewards while maintaining the flexibility to trade, transfer, or utilize their staked assets across various DeFi platforms.
Bitcoin whales quietly amass BTC using privacy transactions, fueling speculation
Bitcoin (BTC) whales have been accumulating BTC through privacy transactions for more than two years, according to CryptoQuant CEO and co-founder Ki Young Ju. Ki assessed the average number of transactions passing through CoinJoin, an anonymization service, and discovered that the number had tripled this cycle.
Although some may tie this to hackers laundering stolen crypto at first glance, broader data suggests a more complex story.
Bitcoin (BTC) whales have been accumulating BTC through privacy transactions for more than two years, according to CryptoQuant CEO and co-founder Ki Young Ju. Ki assessed the average number of transactions passing through CoinJoin, an anonymization service, and discovered that the number had tripled this cycle.
Although some may tie this to hackers laundering stolen crypto at first glance, broader data suggests a more complex story.
Algorand launches LiquidAuth to combat WalletConnect vulnerability
The Algorand Foundation has introduced LiquidAuth, a new tool to decentralize wallet authentication and communication in crypto.
Developers in the crypto space have experienced a vulnerability in wallet communications due to most transactions going through a centralized wallet. On Wednesday, the Algorand Foundation introduced LiquidAuth, a decentralized tool that aims to address this flaw.
LiquidAuth aims to distribute wallet communication by enabling secure, peer-to-peer connections and reducing reliance on central providers. The new project aims to tackle the significant security risk associated with centralized wallet communication services, particularly WalletConnect.
In other words, many crypto transactions are vulnerable at a single point of failure found in their wallet. This wallet is centralized and most likely relies on WalletConnet, which is susceptible to security flaws.
Using established standards and protocols, LiquidAuth allows secure, peer-to-peer communication between wallets and applications (apps or dApps).
LiquidAuth was created to address the vulnerabilities in WalletConnect, but it can also be utilized in other types of traditional web applications.
The Algorand Foundation has introduced LiquidAuth, a new tool to decentralize wallet authentication and communication in crypto.
Developers in the crypto space have experienced a vulnerability in wallet communications due to most transactions going through a centralized wallet. On Wednesday, the Algorand Foundation introduced LiquidAuth, a decentralized tool that aims to address this flaw.
LiquidAuth aims to distribute wallet communication by enabling secure, peer-to-peer connections and reducing reliance on central providers. The new project aims to tackle the significant security risk associated with centralized wallet communication services, particularly WalletConnect.
In other words, many crypto transactions are vulnerable at a single point of failure found in their wallet. This wallet is centralized and most likely relies on WalletConnet, which is susceptible to security flaws.
Using established standards and protocols, LiquidAuth allows secure, peer-to-peer communication between wallets and applications (apps or dApps).
LiquidAuth was created to address the vulnerabilities in WalletConnect, but it can also be utilized in other types of traditional web applications.
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📊Chart: https://www.dextools.io/app/en/solana/pair-explorer/Ein6VyE82bRzcVpuY54sFrWpBQZMssuP95NLZDa1yNgW?t=1736665606808
#crypto #bitcoin #sol #btc #eth