PayPal’s cryptocurrency partner Paxos overpaid $510,750 for a transaction on the Bitcoin network. The so-called “fat finger” mistake, implying human error, is now thought to be a bug. The smoke clears A crypto payment blunder originally attributed to PayPal was
Coinbase’s recent announcement confirming its plans to integrate the Bitcoin Lightning Network into its operations is a landmark decision. This move will enable quicker and more cost-efficient transactions for Bitcoin, aiming to make the crypto asset more user-friendly. However, while
Fortress Trust, a leading custodian in the crypto world, has found itself embroiled in a scandal involving a crypto heist that saw up to $15 million vanish from customer accounts. The disclosure comes at a delicate time, as Fortress was
Vivek Ramaswamy’s recent remarks underscore the growing importance of Bitcoin and its potential impact on the nation’s financial policies as the 2024 U.S. elections approach. Grayscale Investments’ recent lawsuit win against the Securities and Exchange Commission (SEC) in federal court
X, formerly Twitter, acquired the license required for it to provide Bitcoin, crypto payments, and trading services in the U.S. But some people are worried about the potential implications, particularly for a platform with a history of being targeted by
The U.S. federal appeals court has signaled to the U.S. Securities and Exchange Commission (SEC) to reconsider its previous decision regarding Grayscale Investments’ proposal to transition the Grayscale Bitcoin Trust (GBTC) into an Exchange-Traded Fund (ETF). According to experts, this
The Middle East has always acted as a friend of the crypto industry, and one more country is making headlines this time by investing $1.1 billion in Bitcoin mining. H.E. Sheikh Mansour Bin Taleb Bin Ali Al Hinai, Chairman of
Amid the rising global crypto fervor, China has made significant headlines by sentencing a former provincial official, Yi Xiao, to life imprisonment for corruption, which includes aiding cryptocurrency mining. This action has demonstrated China’s stringent stand on illegal financial activities
Bitcoin Ordinals non-fungible tokens (NFTs) may be losing style as trading and sales volume crashed over 99% since May, according to a new report from DappRadar. The crypto tracking platform described the decline as “alarming.” Published Aug. 17, the report
SpaceX reduced the value of Bitcoin on its balance sheet by $373 million last year and in 2021. Tesla also offloaded Bitcoin last year. While the sale of Tesla’s Bitcoin (BTC) is in the public domain, details surrounding SpaceX’s holdings
London-based Jacobi Asset Management has listed Europe’s inaugural Bitcoin ETF on the Euronext Amsterdam exchange. The Jacobi FT Wilshire Bitcoin ETF, trading under the ticker BCOIN, is a pioneering development that offers institutional investors a way to invest in Bitcoin.
According to former SEC Attorney John Reed Stark, the SEC is unlikely to approve a Bitcoin Spot ETF under the current leadership of Gary Gensler. Stark claims that cryptocurrency is a partisan issue in the U.S., and the only thing
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