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Bitcoin's On-Chain Activity Declines to October 2023 Levels

Bitcoin’s On-Chain Activity Declines to October 2023 Levels

Despite the price nearing its ATH, the daily number of transactions on the network of the first cryptocurrency has decreased to October 2023 levels.

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Coinbase Reports 60% of Fortune 500 Companies Embrace Blockchain

Coinbase Reports 60% of Fortune 500 Companies Embrace Blockchain

Approximately 60% of executives from Fortune 500 companies have reported engaging in blockchain initiatives, according to the quarterly Coinbase State of Crypto report, as noted by The Block. The study reveals that nearly one in five top managers view on-chain solutions as a crucial component of their firm’s long-term strategy, marking a 47% increase from […]

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Binance Executive Explains Bitcoin's Rise Amidst Adversity

Binance Executive Explains Bitcoin’s Rise Amidst Adversity

The price of the leading cryptocurrency continues to rise despite outflows from spot ETFs and social unrest in the United States. Kirill Khomyakov, head of regional markets for Binance in the CIS, Central and Eastern Europe, and Africa, commented on the situation for ForkLog.

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Silicon Tanks: Nick Land, the right face of accelerationism

Silicon Tanks: Nick Land, the right face of accelerationism

The British philosopher Nick Land began his career as a careful reader and bold interpreter of 20th-century leftist thinkers, anarchically breaking the usual bounds of academic tradition. He is now a supporter of “neoreaction,” an apologist for technocracy and surveillance capitalism, who regards Peter Thiel as the greatest thinker of the present day. How that […]

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OpenAI Services Experience Global Outage

OpenAI Services Experience Global Outage

On June 10, ChatGPT, Sora, and OpenAI’s API experienced a global outage. The services have been facing issues worldwide for several hours. Source: OpenAI. “Some users are experiencing an increased number of errors and delays with the listed services. We continue to investigate the issue,” the team stated. The only consistently functioning OpenAI service remains […]

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SEC Endorses Self-Custody of Assets as a Fundamental Right

SEC Endorses Self-Custody of Assets as a Fundamental Right

The head of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, announced a new approach by the agency towards non-custodial cryptocurrency storage, describing this right as a “fundamental American value.” The statement was made on June 6th at the final roundtable of the cryptocurrency task force titled “DeFi and the American Spirit.” It marks […]

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Coinbase Premium Hits Four-Month High Amid Bitcoin Surge

Coinbase Premium Hits Four-Month High Amid Bitcoin Surge

As Bitcoin rallies to $110,000, the Coinbase premium has reached levels last seen in February.

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Societe Generale's Subsidiary Launches MiCA-Compliant Stablecoin

Societe Generale’s Subsidiary Launches MiCA-Compliant Stablecoin

Societe Generale’s crypto asset division, SG-FORGE, has announced the launch of a new stablecoin, USD CoinVertible (USDCV). The asset will be available on the Ethereum and Solana networks. The Bank of New York Mellon (BNY) will act as the custodian of the reserves. USD CoinVertible is SG-FORGE’s second stablecoin. In April 2023, the company released […]

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Researcher Uncovers Bot Dominance on Pump.fun

Researcher Uncovers Bot Dominance on Pump.fun

The majority of wallets in the top traders’ ranking on the Pump.fun platform are controlled by bots, according to the creator of a thematic dashboard on Dune, known as Adam. Turns out 93 out of the top 100 pumpfun/pumpswap wallets are bots. Adding some simple bot filtering. (which they’ll certainly do for the airdrop) Here’s […]

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Bernstein Analysts Highlight Ethereum's Key Advantages

Bernstein Analysts Highlight Ethereum’s Key Advantages

Institutionalisation, stablecoins, and tokenisation are at the heart of financial innovations on public blockchains like Ethereum, according to Bernstein experts, reports The Block.

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Hackers Breach Paraguayan President's X Account, Post Fake Bitcoin Announcement

Hackers Breach Paraguayan President’s X Account, Post Fake Bitcoin Announcement

Hackers posted a message on the X account of Paraguayan President Santiago Peña, falsely claiming Bitcoin had been recognized as legal tender. At the time of writing, the post has been removed. Source: X. The post also claimed that authorities had formed a $5 million reserve in the cryptocurrency for the national treasury. Journalist Colin […]

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BlackRock's IBIT Becomes Fastest Growing ETF, Surpassing Gold's GLD

BlackRock’s IBIT Becomes Fastest Growing ETF, Surpassing Gold’s GLD

Assets of BlackRock’s largest exchange-traded fund, IBIT, exceeded $70 billion in just 341 trading days — the fastest pace among all ETFs.

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