• October 8, 2024

Bitcoin Protocol Babylon Pulls in $1.5B of Staking Deposits as Cap Lifted

Bitcoin protocol Babylon completed its second staking round on Tuesday, increasing deposits to about 24,000 BTC ($1.5 billion) from about 1,000 BTC previously. The staking round was "duration-based," meaning it lasted for 10 Bitcoin blocks. The uptake could show robust demand for a growing decentralized finance (DeFi) ecosystem atop the 15-year-old Bitcoin blockchain, previously confined to alternative networks like Ethereum and Solana.

  • October 8, 2024

Wall Street Races to Launch Latest Cohort of Crypto-Spot ETFs

(Bloomberg) -- The race to launch an exchange-traded fund tracking XRP, the seventh-largest digital token, has begun.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After Hurricanes and Climate Disasters?Canary Capital Group, a new digital

  • October 8, 2024

If You Invested $1000 in Bitcoin When Rap Legend Nas Sang That He Was 'Coin-Based, Basically Crypto-Currency Scarface,' Here's How Much You'd Have Today

American rap legend Nasir Jones, known professionally as Nas, has been one of the early adopters of cryptocurrency and even used his art to market the industry to the masses. What happened: On Apr. 30, 2021, a track titled "Sorry Not Sorry" was dropped, featuring Nas along with DJ Khaled, Jay-Z, James Fauntleroy, and Beyoncé. The song showed Nas rapping the lines, "I'm coin-based, basically crypto-currency scarface. Join us, there's gotta be more of us," in what was a clear reference to his stak

  • October 8, 2024

Crypto.com sues US SEC after receiving legal threat from regulator

The crypto trading platform said its move follows the receipt of a "Wells notice" from the top U.S. markets regulator on the grounds that tokens traded on its platform qualified as securities. A Wells notice is a formal declaration that the regulator's staff intend to recommend an enforcement action. The SEC declined to comment.