Author: admin
Key takeout The SEC has concluded its Opensea investigation without filing a securities claim. Opensea had set up a $5 million legal fund for potential SEC actions against NFT artists and developers. Please share this article The US SEC has compiled a study of Opensea, the leading NFTS market, and will not pursue enforcement measures that it claims to be NFTs as securities.According to a Friday report from Bloomberg, Opencey received a statement from the SEC that the investigation has been completed and enforcement action will not be taken.Opensea co-founder and CEO Devin Finzer believes the SEC's decision to close…
The coins in memes are pure chaos, and Dave Portnoy thrives in it. Wrong trades, wild flips, token launches – he's turning madness into millions. This is the way. The Wrong Libra Gambling Dave Portnoy never let go of the spotlight. From turning barstool sports into a media empire, to reviewing his viral pizzas and high stakes gambling, he built a brand around being loud, unpredictable and forced himself. However, recently his name has been making rounds for another reason – cipher. And not just crypto, but meme coins, accidental transactions, and transactions he ultimately left behind. One of the…
Key takeout Binance and Biteg have forwarded over 50,000 ETH to support BYBIT after major security breaches. The hacks attributed to the Lazarus group led to the theft of 401,346 ETH from Bibit. Please share this article Binance and Bitet have moved more than 50,000 ETHs to Bibit's cold wallets today following a security breaches that resulted in the theft of 401,346 ETHs ($1.46 billion) from the exchange. Binance and Bitget deposited 50K+ ETH directly into a bibit cold wallet. Bitet's deposits are particularly interesting. 1/4 of all ETH replacements! (What I can see) They skipped the deposit address, so…
On February 21, Coinbase announced that the Securities and Exchange Commission will dismiss the June 2023 lawsuit against the crypto exchange. Although final approval from the SEC committee is still pending, Coinbase management hopes it will be cleared as soon as next week, analyst Mike Colonnese said in the report. In the SEC lawsuit, Coinbase provided unregistered cryptocurrency securities and was illegally operated as an exchange, broker and clearing company. However, expectations for firing will provide a clear signal that denies the ongoing headwinds on Coinbase's inventory and is changing its stance towards a more crypto-friendly stance. Regulation overhangs have…
Follow Frank with X. In a report released this Wednesday, Fidelity Digital Assets, in collaboration with Lightning Payment Provider Voltage, released a report on the state of the Lightning Network.This report details many ways the Lightning network has grown since its launch in 2018.It also shows that in 2024 more companies are beginning to adopt lightning than they did last year, with larger channels being formed on the network, with more Lightning nodes coming online. Source: Lightning Network: Expanding Bitcoin Use Cases Some important statistics for the work include:Total lightning capacity derived in the US dollar has increased by 2,767%…
A Tor Onion router is a web browser that is primarily used to protect against anonymous internet surfing and traffic analysis. Incidentally, the US Navy originally designed the TOR as a way to protect sensitive US government intelligence. Today, Tor Browser is synonymous with Dark Web (also known as Darknet browser), illegal activities, and free internet activists who try to escape surveillance.There are conditions for netizens who use Tor to hide illegal activities. However, substantial components use TOR for security reasons and have the purest intent to use. In this article, you will learn what the TOR browser is, how…
Microsoft has unveiled groundbreaking quantum computing technology with the potential to change the future of Bitcoin and encryption. The high-tech giant has announced the Mayarana 1 chip, a game-changing step for creating utility-scale quantum computers. This innovation has great potential, but it raises questions about Bitcoin's long-term security. Experts are currently discussing potential risks and whether the crypto sector is ready for quantum-driven future. New Matter States in Quantum Computing A Microsoft research team claims they have discovered a new material state known as the “topology superconductor.” This unusual phenomenon, important for Majorana 1 semiconductors, allows for more stable, error-free…
Last week's dozens of USDS cuts hit teams in product management, design and sourcing. Kamens and other sources told Wired that he was the only person on the USDS engineering team to be fired. He and others speculate that he was targeted as he was publicly critical of Doge a few weeks before the USDS cuts. Doge did not return a request for comment on his removal.All large IT systems need to be protected from hacking threats, but Kamens said that the most urgent project he was working with VA containing sensitive personal data from veterans was the most vigilant…
Key takeout President Trump has directed trade relief for digital services taxes that affect U.S. tech companies. Digital tax memos could impact crypto companies by introducing new compliance challenges and tariffs. Please share this article Today, President Donald Trump is preparing to sign a memorandum of understanding instructing US trade representatives to develop trade relief measures against foreign digital services taxes targeting US tech companies, including alphabet and metaplatforms. Bloomberg reported. The initiative addresses digital services taxes implemented by around 30 countries, including France, the UK and Canada. The memorandum does not specify accurate tariffs or timelines, but suggests potential…
The 90-day moving average of Altcoin trading volume in centralized exchanges has been rising since mid-November, potentially indicating the start of the Altcoin season. According to Cryptoquant.Cryptoquant CEO and Founder Ki Young Ju Sharing the displayed data The trading volume ratio of altcoin compared to Bitcoin (BTC) has increased from 1.77 to 2.77 as of February 20th.ki Highlighted This potentially indicates that “Alt season has begun.” The ALT season is a period when Altcoins prices skyrocket compared to BTC.He added:”There is no direct ALT spin from BTC to ALT, but Stablecoin holders support ALT. The ALT volume is 2.7X BTC.…