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Blockchain
SoFi Technologies to cease crypto services by Dec. 19
United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended immediately. All existing SoFi…
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Canaan secures new financing as revenue falls 55% in Q3
Bitcoin (BTC) miner Canaan is seeking new capital amid a slump in its revenue and bottom line.According to its Q3 2023 earnings report released on Nov. 28, the company seeks to sell $148 million in equity through an at-the-market…
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Inflows into Bitcoin investment products reach $1.5B year-to-date
Bitcoin (BTC) exchange-traded products (ETPs) registered $312 million in inflows for the week of Nov. 24, bringing year-to-date inflows to around $1.5 billion, according to CoinShares. The weekly inflows for all cryptocurrencies totalled…
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Cosmos Hub greenlights ATOM inflation cut for security boost
The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, Cosmos (ATOM), from 14% to 10%.According to the proposal, the authorized modification would reduce ATOM’s annualized…
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Decentralized file sharing, explained
The importance of decentralization in file sharing Decentralized file sharing revolutionizes data access by eliminating dependence on centralized servers and utilizing P2P technology to…
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A conversation about spot Bitcoin ETFs and decentralized ETFs
As expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States, it remains one of the hottest topics heading into 2024. In Episode 38 of Cointelegraph’s Hashing It Out, Elisha Owusu Akyaw talks…
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HTX to restore services ‘within 24 hours’ after $13.6M hack
Crypto exchange HTX, formerly known as Huobi Global, has said it will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22.In its announcement, the exchange promised to “fully compensate for…
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Substance abuse grows among crypto traders – Cointelegraph Magazine
Although documented statistics about cryptocurrency trading and substance abuse are hard to come by, addiction experts are treating an increasing number of crypto traders. Abdullah Boulard, founder and CEO at The Balance…
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Circle launches ‘bridged USDC standard’ for deploying to new networks
Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post. The new “bridged USDC standard” allows developers to launch the token through a two-phase…
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Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report
Crypto media platform CoinDesk has been acquired by crypto exchange Bullish for an undisclosed sum, according to a report published in The Wall Street Journal (WSJ) on Nov. 20.The crypto exchange is headed by former New York Stock…
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