Cointelegraph By Jesse Coghlan
Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup.According to a Feb. 6 report in the Global Times, an English-language outlet of the state-ran People’s Daily...
High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to Microstrategy co-founder Michael Saylor. In a Feb. 3 interview on CNBC’s Squawk on the Street, Saylor opined on potentia incoming United States crypto regulation after...
Bitcoin Ordinals causes fees to spikeThe Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network.The divisive newly launched protocol allows for nonfungible token (NFT)-esque assets on the Bitcoin mainnet by inscribing satoshis with...
Only days after the launch of the Bitcoin (BTC)-based Ordinals protocol, its creators have had to deal with its first shock pornographic image which has been inscribed into the blockchain. On Feb. 2 at around 12:15 AM UTC, an unsavory image known as “goatse” was inscribed onto the...
Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the Metaverse, despite operating losses for its Reality Labs business peaking in 2022.Meta’s Q4 earnings released on Feb. 1 show Reality Labs lost $13.7 billion in 2022 — the largest ever...
Crypto companies tightened their purse strings in the first month of 2023, with at least 2,900 crypto staff cut loose across 14 crypto firms in January. The latest firm to reportedly initiate a layoff is the crypto infrastructure provider Prime Trust which reduced its employee count by a...
Twitter chief Elon Musk has reportedly instructed his developers to build the platform’s payments system in such a way that crypto functionality can be added in the future.According to a Jan. 30 Financial Times report, two people familiar with Twitter’s plans said the payments feature will support fiat...
Blockchain security firm CertiK believes to have found the real identity of at least one scammer allegedly linked tothe “Monkey Drainer” phishing scam.Monkey Drainer is the pseudonym for a phishing scammer(s) that uses smart contracts to steal NFTs through a process known as "ice phishing." The individual or persons behind the...
Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court.Hut 8 said on Jan. 26 that it had filed a Statement of Claim in the Superior Court...
Texas Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food.Cruz introduced a concurrent resolution dated Jan. 25 that would only allow vending machine and food service contractors that accept crypto as...
