[ad_1] The complex saga between crypto exchange Binance and the Nigerian government has intensified as US congress members have called for the Biden administration’s immediate action. In a letter addressed to the US president, the lawmakers expressed concern about Binance Executive Tigran Gambaryan’s health and urged the government to bring him back from Nigerian imprisonment. US Lawmakers Urge For Binance Exec Safely Return On June 4, 16 US congress members signed a letter urging President Biden to intervene in the case of former US federal agent Tigran Gambaryan. The executive has been detained in Nigeria for the past three months,…
Author: dfrancis36
[ad_1] Floki Inu (FLOKI), the dog-themed meme coin, has recently achieved a significant milestone by reaching an all-time high (ATH) amidst Binance Coin’s (BNB) upward trajectory. With a 15% surge in the past 24 hours, FLOKI reached a record price of $0.0003491, solidifying its position as the largest meme coin on the BNB Chain. Floki Inu Receives Major Boost As DFW Labs Invests $12M This surge comes as Web3 investor and crypto market maker DFW Labs announced a substantial investment of $12 million in FLOKI tokens to support the Floki ecosystem. The purchase involved acquiring a portion of the tokens…
[ad_1] The billionaire chairman and CEO of Berkshire Hathaway, Warren Buffett, has again hit out at bitcoin, comparing it with rat poison. Presiding over the Berkshire Hathaway 2018 annual shareholder meeting on May 5, Buffett reiterated his negative view on the cryptocurrency, saying it is “probably rat poison squared,” CNBC reports. Buffet has something of a history of knocking the cryptocurrency. Last week, the so-called “Oracle of Omaha” argued that investing in bitcoin is a gamble, not an investment. “If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing,” he said at…
[ad_1] In response to the growing demand for scalable and cost-effective Bitcoin payments, the team behind the Bitcoin layer-2 protocol Ark has established a new company called Ark Labs. This innovative firm aims to develop a faster and more efficient payment system on the Bitcoin blockchain, offering a compelling alternative to the Lightning Network. Led by creator Burak Keceli, Ark Labs seeks to address the limitations of existing solutions while building upon the foundation laid by Lightning Network. The primary focus of Ark Labs is to provide scalable and low-cost Bitcoin payments, catering to the needs of users worldwide. The…
[ad_1] Bitcoin Magazine’s “10 Steps to Self-Sovereignty” series in partnership with Ledger is officially concluded. Over the last few months we have gone through many different topics, ranging from specific guides on how to manage and interact with your bitcoin securely and in a self-sovereign fashion, to explanations of fundamental properties that make Bitcoin a valuable and functioning asset and network. Now that the series has concluded, let’s look back at each article and the topic it covered. Step 1 | Understanding Your Bitcoin Keys: Bip39 Seed WordsThis first article takes a look at how to actually manage your seed phrase…
[ad_1] A deep-pocketed entity who made $120 million on Shiba Inu (SHIB) is suddenly accumulating the memecoin again, according to on-chain data. The blockchain tracking firm Lookonchain reports that “a SHIB super big winner” just spent 4,849 Ethereum (ETH), worth $18.44 million at the time, to buy 715.9 billion SHIB. Says Lookonchain, “This guy spent only ~$400K to buy 5.5 trillion SHIB in the early stage and sold for ~$121 million at two peaks. He made more than $120 million on SHIB before, an amazing gain!” Source: Lookonchain/X The crypto tracker also noticed nine other wallets belonging to two entities…
[ad_1] Tether’s CEO Paolo Ardoino has alerted the crypto space to another wave of supply chain email scams in an X post. The CEO urged the community to exercise extreme caution while the issue is resolved. Related Reading Exciting News: It’s A Scam! On Wednesday, online reports surfaced of suspicious emails being sent to the crypto community. Per the reports, investors received emails from crypto companies offering an upcoming token airdrop. First, users received emails from Bitfinex announcing “exciting news” for the exchange. The email revealed an upcoming ERC20 airdrop of their “new $BFX token” for all Bitfinex users. The…
[ad_1] In a notable development, global Bitcoin funds observed substantial net inflows amounting to $148 million last week, as reported by CoinShares. This surge in investments contrasts sharply with short Bitcoin products, which experienced outflows totaling $3.5 million. Additionally, Ethereum funds attracted $33.5 million, marking the second consecutive week of positive inflows following a prolonged period of minimal activity. CoinShares highlighted this trend as indicative of a shift in investor sentiment towards Ethereum. Notably, Ethereum had endured 10 weeks of outflows totaling $200 million. The renewed interest in Ethereum has also positively impacted Solana, with $5.8 million in inflows recorded…
[ad_1] Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants at the Oslo Freedom Forum, per a press release sent to Bitcoin Magazine.10 bitcoin, currently worth $704,740 at the time of writing, is being granted across 13 different projects around the world. The funds will be used to advance education for people living under authoritarian regimes, privacy and Lightning Network development, decentralized communications, and providing nonprofits and human rights groups with easier onramps to financial freedom tools, according to the release. The HRF’s main areas of focus with this round of grants is countries and regions…
[ad_1] Ethereum’s (ETH) complexity brings Solana’s (SOL) mission into focus, according to Anatoly Yakovenko. The Solana co-founder says in a new interview on Bankless that his mission is simply building a hyperfast chain. [1:49:29] “Yeah, network effects, TVL (total value locked), all these things could matter, but it’s not hard. It’s not something that I can bet my work on, that I would want to bet my career on. I want to build stuff that I know is going to work. So from my perspective, the more L2s (layer-2s) and networks and different environments there are for digital assets the…