[ad_1] Rebar Labs, a team of seasoned veterans from the Ethereum industry, is bringing their expertise to Bitcoin to tackle the emerging challenges posed by on-chain Maximal Extractable Value (MEV). The company has successfully raised $2.9 million in seed funding, led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital, and UTXO Management.Carl Vogel of 6th Man Ventures commented, “As the ecosystem of the world’s largest digital asset grows, Rebar’s products will enable good MEV for fair and efficient markets, creating more value for users and miners and enabling the foundation for a flourishing ecosystem.”Rebar Labs’ Focus…
Author: dfrancis36
[ad_1] Amidst waves of concern surrounding the sale of Bitcoin by the US and German governments, industry experts have come forward to dispel fears, suggesting that these moves could be bullish for the market. Yesterday, the Bitcoin sector experienced heightened volatility following actions by two major governments. The German Federal Criminal Police (BKA) continued with its sales of Bitcoin, reducing its holdings from 50,000 BTC to 45,264 BTC. Concurrently, the US government transferred 4,000 BTC to Coinbase, likely aiming for liquidation, retaining a substantial 213,546 BTC in its reserves. Why This Is Bullish For Bitcoin (Long-Term) Travis Kling, founder of…
[ad_1] Today (Thursday), Coinbase filed lawsuits against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). According to a report from FoxBusiness, the lawsuits claim that both agencies failed to fulfill Freedom of Information Act (FOIA) requests submitted to the U.S. District Court for the District of Columbia.Alleging Regulatory OpacityThe lawsuits from Coinbase allege that the SEC and FDIC neglected to provide requested information under the FOIA, impacting transparency in regulatory dealings. Coinbase accuses the federal agencies of actions perceived as attempting to marginalize the cryptocurrency industry within the banking sector.BREAKING: 🇺🇸 COINBASE IS SUING…
[ad_1] The elusive “Crypto Queen” Ruja Ignatova, mastermind behind the infamous OneCoin scam, remains a thorn in the side of law enforcement despite a significant bump in the reward for her capture. The US State Department upped the ante to a staggering $5 million this week, the latest move in a years-long chase that has captivated the world of cryptocurrency. Ghost Of The Crypto Queen Ignatova, once dubbed the Crypto Queen for her flamboyant persona and promises of revolutionary digital currency, vanished in 2017 shortly before being indicted for fraud. OneCoin, the project she co-founded, promised investors unimaginable returns on…
[ad_1] My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to…
[ad_1] In an advisory to his wide range of followers, Robert Kiyosaki, financial educator, and acclaimed author, has urged investors to hold on as Bitcoin prepares for what he terms as a trip into the “Banana Zone.” This phrase refers to a sharp and sudden increase in the price of Bitcoin, which Kiyosaki thinks is going to happen soon despite the market’s recent instability. The banana’s shape serves as the basis for the simile, which represents the steep upward curve shown in price charts. Additionally, it is thought to be a period of high risk and great profit, therefore investors…
[ad_1] Solana has been thrown into a tailspin after a shocking revelation: its daily stablecoin volume may have been significantly inflated. Reports indicate a staggering drop – from a dizzying $75-100 billion to a mere $7 billion in a 24-hour period. This dramatic shift has unsettled the crypto community, raising serious questions about the legitimacy of Solana’s past performance and its future as a DeFi powerhouse. Related Reading Wash Away The Hype: Inflated Figures Or Fabricated Reality? Market sentinels are pointing fingers at wash trading, a manipulative practice where investors essentially buy and sell crypto back and forth to each…
[ad_1] The Pacific Island nation of Vanuatu expects to endorse a digital asset and service provider bill in September. Branan Karae, Commissioner of the Vanuatu Financial Services Commission (VFSC), announced this at a digital assets symposium organized by the country’s financial regulator on June 27. The bill is expected to be enacted during the first week of Parliament.New Legislation to Regulate Virtual Asset ServicesLoretta Joseph, a VFSC policy consultant and speaker at the conference, stated that the bill had been ready for several years but faced delays due to multiple cabinet changes. The bill, first introduced in 2020, will establish…
[ad_1] On June 26th, the US government sent 3,940 Bitcoin to Coinbase Prime, Coinbase’s institutional trading platform. Blockchain analytics firm Arkham Intelligence flagged the transaction.JUST IN: 🇺🇸 US Government sends 3,940 #Bitcoin worth $241 million to Coinbase 👀 pic.twitter.com/m14HpdeJ0s— Bitcoin Magazine (@BitcoinMagazine) June 26, 2024 The transferred Bitcoin was originally confiscated from convicted drug trafficker Banmeet Singh earlier in 2024. Singh was arrested in London in 2019 on distribution charges and extradited to the US in 2023. As part of his conviction, Singh forfeited over 8,100 Bitcoin, worth around $150 million at the time, to US authorities. While the recent transfer of…
[ad_1] A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Dogecoin (DOGE). The analyst pseudonymously known as Kaleo tells his 642,200 followers on the social media platform X that Dogecoin could go up by between 700% to 1,500% from the current level. “I still believe we’re in a meme coin supercycle and we’ll see DOGE send to $1 – $2. History just says we most likely have a little bit of time left to prepare for it before it happens.” Dogecoin is trading at $0.125 at time of writing. On when Dogecoin could start rallying, the pseudonymous…