The world of cryptocurrencies is constantly evolving, and the recent surge in transaction fees on the Bitcoin network is a testament to this. According to BitInfoChart data, the average daily transaction fee for Bitcoin reached $10.34 on November 20th, surpassing Ethereum’s average fee of $8.43. This sudden increase in Bitcoin’s transaction fees can be attributed
The U.S. Securities and Exchange Commission (SEC) has recently taken legal action against the cryptocurrency exchange Kraken. The SEC alleges that Kraken has been operating as an unregistered securities exchange, broker, dealer, and clearing agency, violating the law. This article will provide an in-depth analysis of the charges filed by the SEC against Kraken and
Bittrex Global, a popular cryptocurrency exchange, recently delivered a significant blow to its users by revealing its decision to wind down most of its operations. This unexpected announcement has left many customers feeling disappointed and inconvenienced. As of December 4th, Bittrex Global will disable all trading activity on its platform and terminate its client relationships.
Jameson Lopp, co-founder and CTO of Casa, is an influential figure in the crypto space, renowned for his extensive work on Bitcoin infrastructure and security. In a recent interview with CryptoPotato at the BTC Amsterdam conference, Lopp shared his nuanced insights on the evolution of Bitcoin security, the challenges faced along the way, and his
It was a devastating blow for quantitative trading firm Kronos Research when a hacker managed to gain access to its compromised API keys and walked away with a staggering $25 million. The breach, which was disclosed on November 19, resulted in the suspension of all trading services on the platform. Initially, Kronos Research reported no
In a momentous historical event, Argentina has made a groundbreaking stride by electing its first-ever pro-Bitcoin President. The results of the presidential election, announced on November 19, showcased a victory for Javier Milei, a right-wing libertarian and an advocate for Bitcoin. With nearly 56% of the votes, Milei emerged victorious, paving the way for a
Celestia, a rapidly growing modular blockchain layer-1, has experienced a significant rally following the TIA airdrop. Unlike other airdrops such as Arbitrum, TIA has managed to maintain an upward trajectory even after the distribution, thanks to limited sell pressure. This success has garnered excitement among participants and has raised questions about the future of Celestia.
The blockchain gaming industry has experienced impressive growth in October 2023, as highlighted in a report by DappRadar and the Blockchain Gaming Alliance. With a milestone of 1 million daily unique active wallets (dUAW), the industry has seen a 16% increase compared to the previous month. This significant figure accounts for one-third of the overall
The company behind Atomic Wallet, an Estonian firm, has requested a United States court to dismiss a class action suit seeking damages from a $100-million hack. The suit alleges that Atomic Wallet failed to provide adequate security measures, resulting in the exploitation of the wallets of up to 5,500 users. However, the company argues that
In a recent incident, Kronos Research, a market maker, trading firm, and venture capital fund based in Taipei, suffered a breach of its security system, resulting in the withdrawal of significant amounts of crypto assets. The company disclosed the security incident on social media, announcing that unauthorized access had been made to its API keys.
