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Bitcoin price dropped 7.6% in the past day to trade at $79,390 as of 2 p.m. Friday in Hong Kong, tumbling further down than yesterday's yearly low record.According to The Block's bitcoin price page, the cryptocurrency fell as low as around $79,250 earlier today, indicating a persisting bearish senti…
Coinbase's Layer 2 chain Base has implemented a technology called Flashblocks on testnet, which reduces effective block times on the network from 2 seconds to 200 milliseconds.Flashblocks are currently available for testing on the Base Sepolia testnet and are expected to move to the mainnet in the y…
The blockchain-based payment and gift card firm Raise obtained $63 million in a fresh financing round, bringing the firm's total funding past $220 million. Haun Ventures led the round, which saw additional support from Amber Group, Anagram, Blackpine, Borderless Capital, GSR, Karatage, Paper Venture…
Phantom, the crypto wallet provider valued at $3 billion, has acquired SimpleHash, a token and NFT data platform, for an undisclosed sum.As part of the acquisition, SimpleHash's team will join Phantom, and its existing services for customers will be discontinued, Phantom said Wednesday. SimpleHash's…
Convicted Tornado Cash developer Alexey Pertsev has a powerful ally coming to his aid.On Wednesday, the Ethereum Foundation said it is donating $1.25 million to Pertsev's legal defense. Last year, Pertsev was sentenced to 64 months in prison by a Dutch court for facilitating the laundering of $1.2 b…
When President Donald Trump won the 2024 election last November, it didn't take long to make "DOGE" a priority in the White House. That is, the Elon Musk-led Department of Government Efficiency, which Trump announced on Nov. 12, 2024, and later made official on Jan. 20, 2025, following his inaugurat…
Spot bitcoin exchange-traded funds in the U.S. saw their largest daily net outflows ever on Tuesday, totaling $1.01 billion, excluding data from Ark Invest's ARKB. Out of 12 spot bitcoin funds, 10 reported net outflows.Fidelity's FBTC led the pack of net outflows with $344.65 million on Tuesday, fol…
Top-level Ethereum Foundation researchers responded to questions about scaling, Layer 1 revenue and security, in their latest semi-annual Reddit “AMA” (Ask Me Anything) session. The session comes amid a shift for the organization as former EF Executive Director Aya Miyaguchi announced she is "steppi…
The developers at cross-chain DEX Chainflip plan to deploy a protocol upgrade and enable measures to prevent Bybit hackers from using its platform."The broad and overwhelming consensus amongst the Chainflip ecosystem is that illicit flows endanger the protocol by exposing [liquidity providers] to to…
The U.S. Department of Justice said it has reached a settlement with Aux Cayes FinTech Co. Ltd., an affiliate of crypto exchange OKX, under which the company will pay over $500 million, including $84 million in penalties and approximately $421 million in forfeited fees earned from U.S. customers.The…
Members of the Crypto Council for Innovation, including from Coinbase and OpenSea, as well as Strategy founder Michael Saylor and Robinhood, are among the latest to meet with the new Securities and Exchange Commission's crypto task force urging for changes in how crypto is regulated.About 20 members…
In the wake of the largest exchange hack in crypto history, Singapore-based crypto exchange Bybit has announced a recovery bounty program, offering security researchers and organizations 10% of any funds recovered from the hack. Should the $1.4 billion in stolen funds be fully recovered, the contrib…