Day: 6 May 2024

Robinhood’s stock plummeted about 2.5% during the pre-market trading on Monday, May 6, after it was revealed that it received a Wells Notice from the United States Securities and Exchange Commission (SEC) on Saturday, May 4. The Notice was sent to Robinhood in relation to an alleged violation of Sections ...

Over 90% of stablecoin transaction volumes are not from real users, according to a recent report from Bloomberg.  Out of around $2.2 trillion transactions in April 2024, only $149 billion came from “organic payment activity,” after excluding transactions performed by bots and whale-sized traders to “isolate payments done by real ...

During the early hours of Monday, May 6, an anonymous crypto whale bought a significant amount of Pepecoin, causing the coin’s price to surge.  According to Lookonchain,  the crypto whale transferred $1.26 million worth of USDC to purchase over 142.96 billion PEPE at $0.000008831.  Furthermore, the on-chain data analytics platform ...

There have been speculations regarding how Chinese investors from the mainland would gain access to the newly launched Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) in Hong Kong.  While these ETFs had a relatively poor reception during their first trading week compared to their U.S. counterparts, their launch has ...

Jack Dorsey has announced his departure from the board of Bluesky, the decentralised social media platform he helped create and fund since 2019 and during his tenure as Twitter's CEO. Bluesky officially confirmed Dorsey's exit in a statement on May 5. The company noted that it is actively seeking a ...

As a testament to the increasing confidence in cryptocurrency projects, funding for the ecosystem now stands at $3.67 billion across 604 funding rounds thus far in 2024. Crypto venture capital (VC) funding has sustained positive momentum, surging past the $1 billion mark for the second consistent month. According to data ...

The Bitcoin network has reached a significant milestone by processing its one billionth transaction since its inception 15 years ago. According to Clark Moody's Bitcoin dashboard, the one billionth transaction was recorded in block 842,241 at 9:34 pm UTC on May 5, 2024.  This achievement highlights the network's enduring popularity ...

Jameson Lopp, co-founder of Bitcoin custody firm Casa, has advocated for a partial reset of Bitcoin's testnet, TBTC, due to persistent "block storms" and misuse by some projects.  In an essay published on May 4, Lopp wrote that the testnet, which operates with slightly different consensus rules than the mainnet, ...

Cardano founder Charles Hoskinson recently conducted a "hypothetical poll" on the X (formely Twitter), sparking discussions about a potential integration between Cardano and Bitcoin Cash.  In the poll, Hoskinson asked, "Would you like to see Bitcoin Cash become a Cardano Partnerchain upgraded with Useful Proof of Work Leios, NiPoPoWs, and ...