Cryptocurrency news
Starknet’s STRK token drops as Nethermind and airdrop hunters dump millions
STRK’s token has fallen by over half since its launch two days ago, as millions of the tokens are sold by airdrop hunters and large token recipients. The two-day-old token for the Ethereum layer-2 network Starknet has more than halved in price as Ethereum infrastructure firm Net...
Winklevoss twins donate $4.9M to crypto super PAC Fairshake
Fairshake, a political action committee supported by Coinbase and a16z, has a $73 million war chest to oppose anti-crypto candidates and support those in favor of digital assets. Tyler and Cameron Winklevoss have donated $4.9 million to the crypto-focused Fairshake super politic...
Events get NFT tickets: Belong joins Cointelegraph Accelerator
Belong, an app providing token-gated access to events, content and physical doors, has become the latest participant of Cointelegraph Accelerator. he event industry, vital for fostering connections, culture and education, faces ongoing challenges that impact its efficacy and rep...
Hong Kong exchange licensing clarity attracts traditional brokerages
The SFC has granted multiple licenses since the city opened doors to retail crypto trading last August. Less than a year after Hong Kong regulators approved crypto exchanges, traditional financial institutions and brokerages alike have been keen to obtain their digital asset lic...
20% of Bitcoin hash rate could go offline after halving: Galaxy Digital
Most older mining rigs will struggle to break even after Bitcoin block rewards halve in April, prompting miners to take them offline, says Galaxy Research. As much as 20% of Bitcoin’s BTC $52,109 current hash rate could go offline after the Bitcoin halving — which will see bloc...
Novel ERC-X token crashes 87% after uncovering double spending glitch
A bug in its smart contract that allows users to double their balance by sending tokens to themselves has led to a crash in Miner's price. Miner, a novel token minted using the experimental ERC-X standard, crashed over 99% in the past few hours before paring losses. At the time...
US Treasury official urges Congress for more power against crypto crime
Brian Nelson tells House lawmakers that despite the agency’s authority to hold firms such as Binance accountable, more powers are needed. A United States Treasury official has expressed concerns regarding crypto in illicit finance in a statement to the House Financial Services C...
Bitcoin ETFs are sucking up 10X more BTC than miners can produce
Spot Bitcoin ETF inflows have outpaced the amount of production from miners by over ten times over the past two trading days. Spot Bitcoin exchange-traded funds (ETFs) scooped up ten times more Bitcoin BTC $50,117 than what miners were able to produce on Monday. According to...
Nigeria urged to regulate cryptocurrency to tackle financial crimes
Adedeji Owonibi, the Co-founder of A&D Forensics, a blockchain intelligence service provider, pointed out that the lack of regulations in Nigeria’s crypto space permits various practices to go unmonitored. The Nigerian government would need to regulate cryptocurrency activit...
OpenAI reportedly seeking trillions for AI chip development
OpenAI is reportedly seeking trillions in funding for AI chip development, aiming to overcome the scaling constraints of the company and overall chip scarcity. Sam Altman, the CEO of the artificial intelligence (AI) developer OpenAI, is reportedly in talks with investors worldwi...