El Salvador’s Bitcoin experiment turns 5: ‘It Was For Us, Not Them’

It’s been five years since El Salvador became the first country to adopt Bitcoin as legal tender. President Nayib Bukele announced the plan at the Bitcoin conference in Miami on June 5, 2021, to the jubilant cries and applause of the Bitcoin community, who hailed the tiny Central American nation as living proof that BTC…

Smart contract blockchain Solana nearly froze Wednesday, Marinade Finance says

The latest issue started with a bad internet route from Teraswitch’s Miami facility that then spread to data centers across Europe and Asia, cutting off validators in London, Amsterdam, Frankfurt, Singapore and Tokyo. North America stayed online. The company fixed the issue in about 10 minutes, and traffic was flowing again by 4:16 a.m. UTC….

Ravencoin hits record low as network exploit puts transactions at risk

Mining pools controlling most of Ravencoin’s hash rate are building a competing chain that could trigger a three-day reorganization. Source link

CFTC Orders Kalshi to Keep Operating Amid New York Lawsuit

The US Commodity Futures Trading Commission (CFTC) invoked its emergency authority on Tuesday, ordering prediction market Kalshi to continue operating. The CFTC said that New York’s enforcement action and request for a temporary restraining order themselves constituted a market emergency and directed Kalshi to continue operating in accordance with its normal practices and the Commodity…

Why Coldcard Hack Losses Are Hard to Count

The Coldcard hack is testing crypto investigators’ ability to measure losses from self-custody wallets, where victim reports are critical to establishing the scale of the theft. Blockchain analytics platform CryptoQuant currently puts confirmed losses at 1,432 Bitcoin, while other analysts have traced substantially more funds to the attack. Galaxy Research and blockchain intelligence company TRM…

Harmony considers rollback after suspected exploit inflates ONE supply

Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE hit trading platforms. Source link

Dogecoin and BNB lead majors higher as bitcoin slips near $63,700

CoreWeave surged 16% after hours on stronger-than-expected sales growth, and Super Micro Computer rose almost 8% on a revenue forecast above estimates, lifting Nasdaq 100 futures. Oil kept climbing. Brent rose over 1% to $90 a barrel, a sixth straight session of gains and its longest run since April, with traders still doubtful about a…

Goliath Ventures Faces SEC, CFTC Suits Over $400M Ponzi

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) filed separate civil lawsuits on Tuesday against Goliath Ventures and founder Christopher Delgado over an alleged crypto Ponzi scheme that raised about $400 million.  The SEC said Goliath raised at least $425 million from more than 1,300 investors through an unregistered securities…

Gold Hits Nine-Week Highs As Bitcoin Drops Into US CPI Data Release

Bitcoin (BTC) headed lower around Tuesday’s Wall Street open as investors’ appetite for gold sent the precious metal to nine-week highs. Key points: Bitcoin takes a backseat as gold steals the limelight climbing to $4,435 per ounce. Analysis eyes the Bitcoin-gold positive correlation still in place. Key resistance near $66,000 keeps BTC price action in…

Ravencoin hits record low as network exploit puts transactions at risk

Mining pools controlling most of Ravencoin’s hash rate are building a competing chain that could trigger a three-day reorganization. Source link