Day: 21 February 2025

Alexander Leishman, CEO of River, a Bitcoin-based financial services provider, has weighed in on the growing debate surrounding quantum computing's potential threat to Bitcoin. While he remains sceptical of any immediate risk, Leishman argues that Bitcoin is uniquely vulnerable compared to traditional banking systems. Pushing back against claims that quantum ...

Seamless blockchain transactions are becoming a reality, but not all projects are built the same. While Solana and Cardano have focused on scalability and smart contracts, Web3Bay is redefining decentralized commerce by enabling direct, trustless transactions across multiple blockchains, including Ethereum, Solana, Polygon, and Bitcoin Lightning.  This approach eliminates network ...

Utah is on the verge of making history as the first U.S. state to hold Bitcoin as a reserve asset. The state’s proposed “Blockchain and Digital Innovation Amendments” (HB230) bill successfully passed the Senate Revenue and Taxation Committee on February 20, advancing through a 4-2-1 vote. The bill now moves ...

The cryptocurrency market never sleeps, and in recent weeks, two major developments have stirred up excitement among investors. Theta Network’s open interest has reached record levels, signaling increasing trader confidence, while Brazil’s approval of the first-ever XRP ETF is a monumental step in institutional crypto adoption. These milestones are shaping ...

Argentinian President Javier Milei faces a deepening crypto scandal over his involvement in the Libra rise and fall last weekend. A new revelation that over $99 million was withdrawn from the liquidity pool of the memecoin has just come to light. According to Reuters, citing blockchain firm Chainalysis, eight wallets ...

Russia's Bitcoin mining industry witnessed substantial expansion in 2024, with mining farms increasing by 7% to 136,600 nationwide, according to a report by the Russian newspaper Kommersant. Kommersant, citing data from MTS EnergyTool, stated that the country's total mining capacity exceeded 11 GW by January 2025. The geographical distribution of ...

Immutable co-founder Robbie Ferguson has revealed that several gaming companies valued at over $1 billion are now seriously exploring token launches. In a February 21 post on X, Ferguson shared that he has had multiple discussions with major gaming firms that are open to integrating tokens into their ecosystems.   ...

Ho Kai Xin, a former payroll manager at Bybit, has been reportedly sentenced to nine years and 11 months in prison for embezzling approximately $4.2 million from the exchange’s coffers. According to The Straits Times, the 32-year-old Singaporean was convicted of cheating, money laundering, and providing false information to authorities. ...

Ethereum co-founder Vitalik Buterin has expressed concerns over what he describes as a “moral reversal” within the cryptocurrency industry, particularly in response to criticism of Ethereum’s stance on blockchain-based gambling. During a February 20 Ask Me Anything (AMA) session, Buterin addressed frustrations with the industry over the past year. He ...

The U.S. Securities and Exchange Commission (SEC) has withdrawn its appeal against a court ruling that blocked a proposed regulatory change aimed at decentralized finance (DeFi) protocols. On February 19, the SEC submitted a request to dismiss the appeal, which was unopposed voluntarily. This decision concludes the agency's legal efforts ...