Bitcoin (BTC) software firm Lightning Labs and blockchain startup Tari Labs have agreed to convert a court-ordered temporary restraining order that halts the development of Lightning’s Taro protocol. In a March 15 filing, lawyers for both Lightning and Tari proposed converting the restraining order to a preliminary injunction — a temporary order that prevents a
Signature Bank in particular served the likes of Paxos Trust and Celsius and other major crypto firms that suffered as a result of the decisions taken by the Federal Deposit Insurance Corporation and New York State Department of Financial Services. Meanwhile Silicon Valley Bank (SVB) reportedly handled over $5 billion of funds for a handful
The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning a bid to buy the course initially listed for just over $900,000. After winning the bid, the DAO has entered into an exclusivity agreement with the vendor and will
The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors,
Scammers continue to prey on nonfungible token (NFT) users looking to claim Blur (BLUR) token airdrops through numerous scam websites. According to data from TrustCheck, over $300,000 has been stolen from unsuspecting users that have linked wallets to malicious websites. The legitimate Blur platform is a newcomer to the NFT marketplace space, making waves in
The rejection that followed Bitcoin’s (BTC) rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5% since March 10, when the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB). The recent
Michael Bennet, a United States senator representing the state of Colorado, has suggested that banks associated with crypto firms did not make “prudentially sound” decisions. Speaking at a March 16 hearing of the Senate Finance Committee, Bennet brought up the recent closure of the crypto-friendly Signature Bank with lawmakers and Treasury Secretary Janet Yellen in
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese billionaire arrested in U.S. for $1B financial fraud According to an announcement published by the U.S. Department of Justice (DOJ) on Mar. 15, Chinese billonaire Ho Wan Kwok (aka Miles Guo and more commonly as Guo Wengui), has been arrested
During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This will enable Ethereum network validators to support withdrawal operations following
The target date for the highly anticipated Shanghai hard fork on Ethereum has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. The Shanghai mainnet upgrade features five Ethereum Improvement Proposals, including EIP-4985, which will enable staked Ether (ETH) withdrawals
Bitcoin (BTC) accounts for more of the total value of all cryptocurrencies than at any time since June 2022. In the latest knock-on effect from this week’s surge above $26,000, data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months. New dominance “spike” hints at trend change to
In Cointelegraph Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto alerts platform displayed how its members could have captured a cumulative 179% gain by following four trades based on four different Markets Pro indicators. The report depicts trading alerts generated between Feb. 26 and March 4, 2023. The potential gains available to Cointelegraph Markets Pro
The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the potential “de-banking of crypto firms” in the wake of the failures of the Signature, Silicon Valley Bank and Silvergate banks. In a March 16 notice, the Blockchain Association said it had submitted Freedom of Information Act requests
In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms. We start things off with miner prices and
With so many struggling to maintain emotional well-being during this crypto winter, self-improvement and mental health experts can help navigate the ups, downs and soul-shattering experiences that a long-term bear market can bring. Mental health professional Elizabeth Sterbenz and wellness thought leader Srikumar Rao discuss with Magazine how to cope with the depreciation of crypto
While the US Securities and Exchange Commission’s (SEC) case against Ripple Labs continues to await a ruling by the judge in charge of the Southern District Court of New York, the fintech company may have received a winning argument from the judge in the Voyager case. Bankrupt crypto lender Voyager Digital recently received approval from