News Bytes – 6

CRV Price Hits $0.35, Rebounding 41% From Recent Low Post-Founder Crisis

June 19, 2024 Bitcoin.com

bitcoin.com

Curve DAO’s (CRV) price increased over 10% early Wednesday, hitting $0.35 and marking a 41% increase from its low since a recent liquidation crisis involving its founder. On-chain data revealed significant accumulation of CRV by whales this week, with reports indicating a particular increase in purchasing during the post-liquidation price dip. This resurgence in CRV’s […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems

June 17, 2024 Bitcoin.com

bitcoin.com

Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Bitcoin Core’s Latest Optech Newsletter Urges Upgrade to Version 25.0, Discusses New Vulnerability Disclosure Policy

June 10, 2024 Bitcoin.com

Bitcoin (BTC)

Bitcoin Core’s Optech Newsletter #306 is recommending users to, “to upgrade to Bitcoin Core 25.0 or higher within the next two weeks, with the latest version being 27.0.” A new policy was discussed by several Bitcoin Core project members concerning disclosures of vulnerabilities. Low-severity vulnerabilities will be disclosed about two weeks after a new version […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Ethereum to Introduce Extensive Pectra Upgrade in Q1 2025

June 7, 2024 Bitcoin.com

bitcoin.com

The Ethereum network is set to undergo one of its most extensive upgrades named Pectra, which will integrate the EVM Object Format (EOF) and introduce Vitalik Buterin’s proposed EIP-7702, allowing Ethereum account addresses to act as smart contract wallets temporarily during transactions. The Pectra upgrade, expected to be rolled out in the first quarter of […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

FLOKI Token Reaches 417,400 Holders, Leading Memecoin on BNB Chain

June 5, 2024 Bitcoin.com

bitcoin.com

The memecoin FLOKI recently crossed 417,400 holders on the BNB Chain, making it the biggest memecoin on that blockchain by market capitalization and number of holders. Recently, the Floki developers launched a new Telegram-based trading bot that allows holders to trade any token on the BNB Chain network, charging a 1% fee, with 50% of […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving

June 4, 2024 Bitcoin.com

Bitcoin (BTC)

Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Crypto Markets Spooked as Mt. Gox Moves Over $9B in Bitcoin

May 28, 2024 Bitcoin.com

Bitcoin (BTC)

The price of bitcoin (BTC) fell sharply after Mt. Gox, the infamous cryptocurrency exchange that went bankrupt a decade ago, began moving billions worth of the cryptocurrency to a new wallet, Mt. Gox’s first bitcoin transfers in five years. So far the transactions total at least $9 billion worth of bitcoin. Bitcoin’s value dropped below […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Metaplanet Shares Soar 158% on Bitcoin Strategy, Triggering Consecutive Trading Halts

May 23, 2024 Bitcoin.com

Bitcoin (BTC)

Trading in Metaplanet’s stock was halted for two consecutive days by the Tokyo Stock Exchange due to a significant price surge, following the company’s adoption of a bitcoin investment strategy similar to Microstrategy’s, which led to a 158% increase in its share price over the last week. The company’s stock price rally, which rose 127% […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

PEPE Soars to All-Time High Spurred by Speculation of Spot Ether ETF Approval

May 22, 2024 Bitcoin.com

bitcoin.com

The Ethereum-based memecoin Pepe (PEPE) experienced a significant price surge of 40% since Monday to a new all-time high, fueled by the speculation that the U.S. SEC might approve spot ether exchange-traded funds (ETFs). Crypto traders and analysts, observing the movement between ether’s price rise and PEPE’s surge, speculate further growth for PEPE, reflecting the […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

May 22, 2024 Bitcoin.com

bitcoin.com

Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the […]

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto