Blockchain Financial News

28.02 / 17:11

Blockchain Ethereum BTC Digital Bitcoin Bears Bitcoin [BTC] bears keep the faith as short funds see $10M inflows: Report

In a new report , digital asset investment firm CoinShares found that the negative sentiments lingering in the digital assets market culminated in a third consecutive week of outflows for Bitcoin [BTC] as investors shifted their attention to short investment products last week.

28.02 / 16:27

Blockchain Provident Binance CEO Strategy Forbes Customer Binance responds to allegations of moving billions in customer funds

The biggest cryptocurrency exchange in the world, Binance, has refuted a Forbes article alleging that the company shifted $1.8 billion related to its users’ assets.

28.02 / 16:15

business Blockchain VISA MasterCard Breaking: Visa and Mastercard halt new crypto partnerships — Report

According to a a Reuters report published on Feb. 28, American payment processors Visa and Mastercard has delayed the launch of new partnerships with crypto firms due to a series of high-profile bankruptcies in the industry that have led to increased regulatory scrutiny. The move follows a period of warming relations between payment giants and crypto firms as the popularity of cryptocurrencies exploded, with Mastercard exploring payments via USD Coin and Visa targeting stablecoin settlements mere weeks before today's development.

28.02 / 16:15

Blockchain Ethereum Provident Platform Fighting ICO The six phases to product-market fit in Web3

As the bear market of 2023 unfolds, the market is filled with tokens and projects on life support fighting to survive or retain value. Many of these projects, products and platforms differ from Web2 companies. They do not have focused teams to drive product-market fit (PMF). They use levers like incentives, tokens and a movement-centered approach to branding.

28.02 / 14:43

Blockchain FTX ERC-20 Celsius Bitcoin Bitcoin Trader 500 Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius

The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27.

28.02 / 12:59

Blockchain UPS Digital coinbase Bitcoin events Americans own Bitcoin despite 2022 events: Report

Morning Consult has published the findings of its survey on behalf of the Coinbase exchange, revealing that 20% of Americans, or approximately 5.3 million people, own at least one crypto asset. Younger Americans are the most likely to own cryptocurrency. Inasmuch, 36% of the Gen Z populace and 30% Millennials reportedly own crypto assets.

28.02 / 08:51

Blockchain Technology Twitter NFT Social Media Auction Bitcoin Bitcoin core dev calls out 'misleading' auction selling his code as an NFT

One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT.

28.02 / 08:51

Blockchain Ethereum Hard Fork Fork Testnet Ethereum testnet successfully forks in Shanghai upgrade rehearsal

The Ethereum blockchain's Sepolia testnet has undergone a successful upgrade that simulates the upcoming Shanghai hard fork that is expected to take place in March on the network's mainnet.

28.02 / 08:19

Blockchain UPS Extreme Platform CoinMarketCap Bitcoin boost How Bitcoin Ordinals boost drove up the Stacks [STX] price

The value of Stacks [STX ], a token related to the Bitcoin [BTC] ordinals NFT, surged 27.40%, according to data from CoinMarketCap.

28.02 / 08:05

Blockchain Hackers hacks wallet Algorand MyAlgo users urged to withdraw as cause of $9.2M hack remains unknown

A wallet provider for the Algorand (ALGO) network, MyAlgo, has warned its users to withdraw funds from any wallets created with a seed phrase amid an ongoing exploit that has seen an estimated $9.2 million worth of funds stolen.

28.02 / 07:49

business Blockchain Altcoin solana security transactions network Solana CEO hoses down claims network outages caused by on-chain voting

Anatoly Yakovenko, the founder and CEO of Solana Labs has downplayed claims that Solana's network outages were being caused by a high volume of validator messages and its on-chain voting system clogging its consensus layer.

28.02 / 05:31

business Blockchain coinbase data Survey Bitcoin inequality Financial Americans 'frustrated' by financial system inequality, 20% own crypto: Survey

A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency — a new survey has revealed.

28.02 / 03:21

Blockchain Amundi on making crypto mainstream: ‘Stop promising, start delivering’

Europe’s largest asset manager Amundi remains sceptical about the potential for cryptocurrencies to become a mainstream asset class in their own right, claiming the blockchain technology that underpins them must first start delivering benefits to the real economy.

28.02 / 01:59

Blockchain Provident Interface Exclusive: How NFTs Can Revolutionize Startup Funding – Interview with Daniel Tenner

At the Blockchain Economy London Summit, Cryptonews had the opportunity to sit down with Daniel Tenner, the founder of Pledg3r and GrantTree, to discuss the game-changing potential of non-fungible tokens (NFTs) in the world of startup funding.

28.02 / 01:59

business Blockchain Adoption regulation SEC Bankruptcy Robinhood subpoenaed by SEC over crypto listings and custody

Robinhood Markets has confirmed that it had received an investigative subpoena from the United States Securities Exchange Commission (SEC) over its digital asset business' crypto listings, custody and platform operations.

28.02 / 01:23

Blockchain CoinMarketCap Orange Despite Solana’s recent outage, root cause still unknown as SOL…

Days after Solana [SOL] experienced another outage, the blockchain’s engineers have yet to ascertain the cause. In the early hours of 27 February, Solana put the word out that the problem that surfaced was still under investigation.

28.02 / 01:05

Blockchain Ethereum Provident Software IBC Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development

According to an announcement made by the Interchain Foundation (ICF) on February 20 in a Medium post, the nonprofit organization that was responsible for the creation of the Cosmos (ATOM) interblockchain communications (IBC) ecosystem has committed to spending approximately $40 million in 2023 to develop its core infrastructure and applications. Around fifty different blockchains, such as Tendermint Core (which has since been renamed CometBFT), Cosmos SDK, Cosmos Hub, and the IBC protocol, all make use of the Interchain Stack.

28.02 / 01:05

Blockchain Ethereum Provident coinbase network Coinbase Announces Launch of Ethereum Layer-2 Network

The cryptocurrency exchange Coinbase made the announcement about the launch of Base, an Ethereum layer-2 network, on February 23. The business has said that the newly launched network would provide a low-cost, secure, and user-friendly environment for the development of decentralized applications (DApps) on the blockchain.

27.02 / 22:25

Blockchain UPS Provident Platform Tencent Bitcoin week Cryptocurrencies to Watch: Week of Feb. 27

The cryptocurrency market had a middling week, staying around current price levels. While a strong bull run that pushes up prices doesn't look likely at the moment, the crypto market may have stabilized. Several tokens jumped in price in the latest week, as reviewed below.

27.02 / 22:07

Blockchain Ethereum Amazon Progressive Action Terra Luna Bitcoin Luna Exclusive Interview: ConsenSys CCO Talks About MetaMask Airdrop, Ethereum Shanghai Upgrade, Crypto Regulation and More

The Cryptonews team is reporting live from the Blockchain Economy London Summit that's running from 27-28 February 2023.

27.02 / 22:07

Blockchain UPS Digital SEC coinbase BitMEX Bitcoin Exchange Insights: Industry Players talk Crypto Regulation in 2023

So far 2023 has been a seismic year for crypto. The New Year saw an end to a difficult bear market, and February has seen an onslaught of moves by global regulators.

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