Crypto Inside

2024-02-15 14:48:23 January saw Bitcoin's highest monthly volume since September 2022

Following four months of gains in transaction volume, $1.21 trillion worth of Bitcoin was moved on-chain during the month of January 2024. That's the largest amount of value moved on-chain since September 2022, when the price of Bitcoin was around $20,000, according to data from The Block.

In fact, January marked the fourth straight month of volume increases after only $550 billion in volume was moved in September 2023. Ochish/sharhlash

2024-02-10 21:56:25 Bitcoin heads to $50k as miners cut selling pressure

BTC price climbed above $47,661 on Feb. 9, with the much-anticipated fourth Bitcoin halving event now 70 days away, more bullish action could follow. Can the bulls capitalize on the momentum boost to reclaim $50,000? On Feb. 9, Bitcoin price hit a daily timeframe peak of $47,661.

Per Coinmarketcap, this is the highest the pioneer cryptocurrency has traded since the market euphoria that heralded the BTC ETF approval verdict on Jan. 11. Ochish/sharhlash

2024-02-06 11:37:11 Crypto exchange OKX accepts fake IDs for registering, report says

Journalists from 404 Media have uncovered that OKX appears to be potentially failing to detect false information during user registration, allowing accounts with fabricated IDs to pass KYC checks.

The investigation indicates that a web service, claiming to use “neural networks” to create realistic fake IDs for $15, helped successfully complete the identity verification process on OKX. Ochish/sharhlash

2024-02-03 03:41:00 'Parallel' Teases Open Beta Plans as New Ethereum NFT Cards Launch

Parallel, the NFT card-battler that Decrypt’s GG named as its 2023 game of the year, may soon be launching to a much larger audience amid teases of an open beta launch on the horizon.

Currently available in a closed beta test that’s gradually letting more players in, Parallel said on Twitter (aka X) late Wednesday that info on the open beta is coming “soon.” Ochish/sharhlash

2024-01-31 17:23:52 BitPanda Bids Farewell to Dutch Users: EU Regulations Take Their Toll

In a surprising turn of events, the Netherlands is bidding adieu to BitPanda. The crypto exchange, known for its user-friendly interface and wide range of digital assets, has decided to cease operations in the country.

BitPanda's recent email to its Dutch users speaks volumes about their commitment to compliance. With the ever-evolving regulatory landscape, the company has made the tough call to part ways with its Dutch clientele.

If you're a BitPanda user in the Netherlands, mark your calendars! You have until January 31st to make those last-minute trades. And don't forget, February 26th is the final day to bid farewell to your beloved assets on the platform.

While this news might leave some scratching their heads, BitPanda hasn't provided any further insights into their decision. It seems that the winds of change blowing through the crypto world have reached even this popular exchange.

This isn't the first time we've seen such an exit in the Netherlands. The introduction of MiCA by the EU back in June 2023 has caused quite a stir, leading other major players like Binance to close shop as well. It's clear that these new regulations are reshaping the crypto landscape across Europe. Ochish/sharhlash

2024-01-30 21:14:40 SBINFT launches its NFT marketing platform SBINFT Mits

SBINFT Co., Ltd., has announced that its new NFT marketing platform SBINFT Mits is now available globally, paving the way for the global community and international brands to tap into the benefits of NFTs as they bring Web2 projects to Web3.

The NFT marketplace operator, which pivoted its focus to gaming NFTs in June last year following a partnership and rebrand, said in an announcement that SBINFT Mits targets both individuals as well as big business across the market. Ochish/sharhlash

2024-01-27 15:02:15 Coinbase urges US Treasury to reconsider bulk data reporting in proposed crypto mixing rules

Coinbase said the U.S. Treasury’s proposed rulemaking on cryptocurrency mixing fails to adequately address a regulatory gap while demanding unnecessary amounts of data and resources from crypto platforms.

In a comment filed Monday to the Treasury Department's Financial Crimes Enforcement Network (FinCEN), Coinbase suggested that regulated crypto platforms are already obligated to recordkeeping and reporting rules on suspicious activities and illicit crypto mixing. Ochish/sharhlash

2024-01-23 11:22:55 ​CFPB not planning crypto crackdown, says Bureau Director Chopra

The Consumer Financial Protection Bureau is not planning an immediate crypto crackdown, its director said today, while choosing his words carefully.

“Crypto is not a product. Certain electronic consumer transactions are,” CFPB Director Rohit Chopra told The Block after an hours-long congressional hearing.

Digital asset policy came up frequently during a regular appearance by Chopra before the House Financial Services Committee, including further prodding around whether a recently published consumer alert bulletin related to crypto meant the bureau would step up enforcement on crypto companies.

“Do you anticipate expanding your enforcement in this area?” asked Rep. Bill Huizenga, R-Mich., referring to those reports.
“No,” answered Chopra.

The bureau has also moved ahead on an inquiry into crypto lender Nexo, which led to the company’s announcement that it would gradually leave the U.S. Ochish/sharhlash

2024-01-22 14:45:39 Join Waterfall Protocol for the Testnet launch and prepare to earn rewards on the Mainnet!
Waterfall is the most decentralized BlockDAG protocol currently available

Key Features:
This decentralized platform has the potential to attract much more validators than other protocols.
Minimal hardware requirements: Dual-Core CPU, 4GB RAM ( your cellphone has 2-4 times more than that).
High performance and scalability, thanks to parallelism in BlockDAG.
Compatible with EVM and Ethereum API.

They have been rigorously testing technology since 2021.
More than 270 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.

Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR Ochish/sharhlash

2024-01-19 10:03:48 Donald Trump's NFTs Have Limits Normal Ones Don't

Donald Trump is out with his latest digital collectible gimmick: Something resembling an NFT on the Bitcoin blockchain that effectively costs $9,900 but, unlike normal NFTs, cannot be traded by its owners anytime soon.

The former U.S. president's NFT venture announced in a post on X that collectors who pay $99 apiece for 100 of his "mugshot edition" NFTs – issued in December on the Polygon blockchain – will also get a unique card in the form of an ordinal. Ochish/sharhlash