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Economy

A collection of 596 issues

ECB Critiques Bitcoin: Expensive, Slow, and Inconvenient for Transactions

The European Central Bank (ECB) has once again spotlighted Bitcoin in its latest publication, underscoring the cryptocurrency's inefficiencies as a payment solution. The report highlights that the only fuel for the speculative bubble in the market is the influx of new capital, casting a critical eye on Bitcoin's role and

Decentralized Exchange FixedFloat Hacked, Suffers $26 Million Loss in Crypto Assets

In a significant security breach, the decentralized cryptocurrency exchange FixedFloat has fallen victim to a hack, resulting in a substantial loss of $26 million in crypto assets. The incident has temporarily rendered the service inaccessible as the project team works diligently to address the vulnerability and restore normal operations. This

National Institute of Standards and Technology Highlights Potential Vulnerability in iOS's Trust Wallet App: A Comprehensive Overview

In a recent publication by the National Institute of Standards and Technology (NIST), a potential security vulnerability within the Trust Wallet application for iOS devices has been brought to light. This development follows a detailed report from Milk Sad experts, in collaboration with SECBIT Labs, which surfaced towards the end

BlackRock's Bitcoin ETF Surpasses the 100,000 BTC Milestone

In an unprecedented financial achievement, BlackRock's Bitcoin Exchange-Traded Fund (ETF), known as the iShares Bitcoin Trust (IBIT), has amassed a staggering 105,280 BTC. This remarkable accumulation not only underscores the growing interest and acceptance of cryptocurrencies among mainstream investors but also heralds a new era in digital asset management.

The Demand for Bitcoin Products Exceeds Supply Tenfold

In a recent statement, Michael Saylor, the founder of MicroStrategy, declared that the demand for investment bitcoin products surpasses the available supply on the market by tenfold. "People have been waiting for these ETFs for ten years with unmet demand, and finally, major investors have gained access to Bitcoin. I

Unlocking the Future with Powerloom Protocol's Exclusive NFT Collection

In the ever-evolving landscape of blockchain technology, the emergence of Non-Fungible Tokens (NFTs) has added a new dimension to digital ownership and access. Among the myriad projects in this space, Powerloom Protocol stands out with its innovative approach to decentralization and community engagement. Now, Powerloom Protocol is set to revolutionize

DCG Files Protest Against Genesis Company's Bankruptcy Plan

The world of cryptocurrencies is often rife with legal battles and regulatory challenges, and the latest skirmish involves Digital Currency Group (DCG) filing a protest against the bankruptcy plan proposed by its subsidiary, Genesis. According to a report by Reuters, DCG has taken issue with Genesis' proposal, claiming that it

Binance Tightens Listing Procedure Following Rumors of Ronin Listing Information Leak

In the fast-paced world of cryptocurrency exchanges, maintaining integrity and trust within the community is paramount. Recently, Binance, one of the leading global cryptocurrency exchanges, faced a significant challenge when rumors surfaced regarding the listing of the Ronin token (RON) and the subsequent price drop it experienced post-listing. Yi He,

FTX has filed a motion to sell its stake in Anthropic

FTX, the embattled cryptocurrency exchange, has made headlines once again as it seeks court approval for the sale of its stake in the AI startup Anthropic. Amidst its ongoing bankruptcy proceedings, FTX has filed a motion requesting permission to divest its 7.84% share in the innovative AI firm, a

Binance faces pressure from regulator

In an ambitious move to re-enter the UK market, Binance, the world's leading cryptocurrency exchange, has faced significant regulatory hurdles. Media reports have highlighted the company's efforts to navigate the complex landscape of financial regulation overseen by the UK's Financial Conduct Authority (FCA). Despite reaching out to at least three