Today at Chaintalk News

February 28, 2024

Bitcoin Smashes Through $10k Once Again

cointelegraph

Kraken launches institutional arm aiming to cash in on Bitcoin ETFs

The crypto exchange launched a new institutional-focused brand angling for more clients after the U.S. approved spot Bitcoin ETFs.

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MicroStrategy a ‘timely play’ on Bitcoin halving, $990 target price: Benchmark

MicroStrategy’s Bitcoin holdings have passed $11 billion and its shares could gain from increased institutional Bitcoin demand and the cryptocurrency’s halving, says Benchmark.

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Serenity Shield’s token falls nearly 99% after MetaMask wallet breach

The Serenity Shield team said it is “actively working” to redeploy all liquidity to new token contracts and will replace any liquidity from the exploit.

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‘Baby AGI’ could be a reality in early 2025: SingularityNET founder

The “complete toolset” to making the precursor to a fully functioning Artificial General Intelligence might be only about a year away, says Ben Goertzel.

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IMF urges careful design, slow introduction for Pacific Island digital currencies

The island nations have common challenges and widely varying conditions. Just don’t use crypto, the IMF says.

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Coinbase expands asset recovery tool to Polygon and BNB Chain

The cryptocurrency exchange will charge a 5% commission for retrievals above $100.

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Crypto users weigh in on Sam Bankman-Fried’s prison time ahead of sentencing memo

Though potentially facing up to 110 years in prison, Sam Bankman-Fried could be sentenced by Judge Lewis Kaplan to 15–25 years based on his case, according to some lawyers.

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Recognize jurisdictions that believe in us, Bitfinex's Ardoino tells BTC community

Bitfinex tech chief Paolo Ardoino and Blockstream chief Adam Back talked about BTC adoption and asset tokenization in a livestream.

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Crypto recaptures $2T market cap as Bitcoin climbs above $57,000

The cryptocurrency market has more than doubled in recent months, led by Bitcoin’s surge.

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Bitcoin rallies to 2-year high, but derivatives traders not betting on further gains

$60,000 within range after 12.7% gains in 24 hours? Not so fast, according to Bitcoin derivatives metrics.

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Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

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Hut 8 begins construction on 63MW crypto mining site in Texas

The new site will purportedly cost 40% less than similar locations.

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Backpack crypto exchange’s success is a testament to a maturing industry: Founder

The crypto industry is at an inflection point following legacy bank failures and black swan events in the crypto space, according to the Mad Lads founder.

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Uniswap DEX to launch web wallet extension

"No more pop-ups. No more transaction windows," developers wrote.

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Why is Bitcoin price up today?

Strong institutional buying and anticipation of the upcoming Bitcoin halving have kept BTC in “up only” mode.

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US Fed analysts warn foreign CBDCs and stablecoins could lead to ‘erosion of dollar’s role’

According to the paper, a large, stable foreign CBDC is unlikely to affect the dollar’s utility as a value storage mechanism, but its use as a medium of exchange could be dampened.

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Bitcoin ASIC maker Canaan's revenue stagnant despite crypto bull run

The firm's ASIC orders have increased while pricing decreased, leading to an overall negative revenue growth.

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Why is Ether (ETH) price up today?

Ethereum price is holding above the $3,200 psychological mark, bolstered by Bitcoin’s positive price action and the anticipation of the Dencun upgrade.

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Do Kwon likely won’t be extradited ‘before the end of March,’ say lawyers

According to Do Kwon’s legal team, a Montenegrin High Court made a Feb. 21 ruling to extradite the Terraform co-founder to the United States “based on erroneous information.”

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Jameson Lopp: Skeptical of spot Ether ETFs, BTC price prediction dilemma: X Hall of Flame

Casa co-founder Jameson Lopp doubts the approval of any other crypto ETF in the near future: X Hall of Flame

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Solana outage raises questions about client diversity and beta status

Solana’s latest outage was its first in nearly a year and around half a dozen in the past two years, but despite that, the blockchain is thriving with network activity and a token price surge.

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Ripple’s XRPL taps Axelar for RWA, cross-chain communication

The partnership between Ripple and Axelar is part of a strategic move into tokenizing real-world assets.

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Crypto.com pairs up with Latin America’s biggest investment bank in stablecoin push

Crypto.com will promote the BTG Dol stablecoin by pairing it with digital assets like Bitcoin and Ether on its trading platform.

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Southeast Asia lays the groundwork to become crypto, blockchain, AI hub

The region has ambitions to become a global tech hub with a focus on crypto, blockchain and AI, as highlighted by Nathan Kim, marketing director at Unopnd.

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Spot Bitcoin ETFs accumulate 300K BTC as net inflow rises to $6B

Amid strong inflows into Bitcoin ETFs, the BTC price hit a new two-year high of over $57,000 as its market cap breached $1.1 trillion.

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OKX announces launch of Turkish platform

The platform will host major cryptocurrency pairings with the Turkish lira, such as USDT, BTC and ETH, along with “sophisticated crypto functionalities.”

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Spanish financial regulator warns investors over 18 unlicensed entities

The list contains several crypto firms among companies trading without the correct licenses.

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Nifty News: Yuga cuts non-royalty markets, South Korea to discuss NFTs with Gary Gensler

Yuga Labs takes down some of its NFT collections from marketplaces that do not support creator royalties.

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Vitalik Buterin has an open-source solution to Elon Musk’s Microsoft OS issues

A few users on X lauded Buterin for promoting open-source software; however, a few others also pointed out that Linux has its own share of issues.

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US senators oppose Joe Biden’s CBDC plans

The Federal Reserve’s plan for digital dollar issuance in the United States was met with a roadblock after five senators filed legislation demanding a ban on CBDCs.

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