The European Data Act, which came into force in January 2024, poses significant challenges to the crypto industry. The legislation includes requirements that could force smart contract developers to comply with strict regulations, including the ability to terminate live smart contracts. Smart Contract Termination Article 30 of the Data Act mandates that smart contracts must…
Network Outage Resolved Avalanche (AVAX), a prominent layer-1 blockchain and rival to Ethereum (ETH), experienced a five-hour network outage on Friday. According to Avalanche Status, the blockchain platform encountered an issue that prevented blocks from being accepted on its primary network. Cause of the Outage The outage was caused by a bug in the node…
Bitcoin (BTC) witnessed its largest weekly net outflow from centralized exchanges in eight months, indicating a bullish trend for the top cryptocurrency. Key Takeaways Bitcoin’s netflows, measuring BTC movement in and out of centralized exchanges, saw a significant outflow of $540 million this week. Ethereum (ETH) also experienced net outflows, marking seven consecutive weeks of…
Social media giant Reddit has revealed that it holds Bitcoin (BTC) and Ethereum (ETH) in its treasury, according to a filing with the U.S. Securities and Exchange Commission (SEC). Treasury Investments In the S-1 registration statement submitted to the SEC on Thursday, Reddit stated that it has invested some of its cash reserves in the…
ECB’s Bitcoin Critique: Costly and Crime-Prone ECB raises concerns about Bitcoin’s high costs and susceptibility to illicit transactions. Despite positive developments like spot ETFs approval by SEC, ECB remains skeptical. X Community’s Counteroffensive: Debunking ECB’s Claims X community provides robust defense against ECB’s reservations. Chainalysis report highlights only 0.34% of cryptocurrency transactions in 2023 were…
Scammer Impersonates Chase Employee, Dupes Customer into Providing Access Code Kristal Kuhn, a JPMorgan Chase customer from San Diego, is furious with the bank after falling victim to a scam that resulted in the loss of $49,500 from her account. The incident began when Kuhn received a phone call from someone claiming to be from…
A prominent crypto strategist, Inmortal, believes that Solana (SOL) is poised for a significant rally, potentially soaring over 340% from its current value by 2025. This prediction is based on the belief that SOL could follow a similar parabolic trajectory to Ethereum (ETH) in 2021, when ETH surged from $80 to $4500. Short-Term Outlook: ETH…
Guy Turner, host of the Coin Bureau YouTube channel, predicts a 151% surge in NEAR’s price in the short term. Guy Turner, a prominent crypto analyst and host of the Coin Bureau YouTube channel, has expressed bullish sentiment toward NEAR Protocol (NEAR), an Ethereum rival that has witnessed a remarkable price increase since October 2023….
Ethereum’s Potential Price Surge Mark Yusko, CEO and founder of Morgan Creek Capital, believes Ethereum (ETH) could soar to a five-figure price. In an interview with Altcoin Daily, Yusko analyzed the historical Bitcoin-to-Ethereum ratio and projected Ethereum’s potential growth. Bitcoin-to-Ethereum Ratio Analysis Yusko explained that Ethereum could appreciate by up to 410% from its current…
US banks lost nearly half a billion dollars of their customers’ money to scammers in 2023, according to a report from the Federal Trade Commission (FTC). The FTC tracked 11,950 reports of bank transfer and payment fraud last year, with banking customers losing a total of $492 million. These losses stem from scams that directly…
