The Weekly Reorg: Bitcoin Fashion Week – CryptoHashy

The Weekly Reorg: Bitcoin Fashion Week

[ad_1] In case you missed it, Bitcoin Season 2 released part of its Spring/Summer collection last week. Amongst other things, Mezo, a “Bitcoin economic layer” came out of stealth with a $21 million fundraising round. Alpen Labs announced a $10.6 million bankroll to bootstrap a Bitcoin-native zero-knowledge infrastructure. Another posse of blockchain designers, including the … Read more

Solana congestion prompts Ore project to pause mining – CryptoHashy

Paxos expands stablecoin issuance to Solana

[ad_1] To alleviate congestion on the Solana network, the pseudonymous creator of the Ore project, Hardhat Chad, announced an immediate halt to all mining. Ore, a blockchain-based project launched on Solana, is exploring the right distribution method by using a proof-of-work (PoW) token distribution mechanism. The project is experimenting with combining PoW’s security with Solana’s … Read more

Uniswap (UNI) dips 15% on SEC concerns: whales pivot to LUNA and NUGX for growth – CryptoHashy

UNI dips 15% on SEC concerns: whales pivot to LUNA and NUGX for growth

[ad_1] Uniswap’s 15% price drop after the SEC’s Wells Notice led major holders to seek more promising alternatives. Terra Luna excels with dynamic stablecoin options and instant settlement. NuggetRush’s no-tax model, governance perks, and play-to-earn game lure whales. As the SEC announce­d a Wells Notice in April, Uniswap (UNI) price saw a significant 15% decre­ase, … Read more

Binance’s $4.3 Billion Settlement Faces DOJ Scrutiny Over FTX Ties In Monitorship Decision – CryptoHashy

Binance

[ad_1] In recent developments, the US Department of Justice (DOJ) has been reevaluating its choice of law firm to oversee the cryptocurrency exchange Binance as an independent monitor.  The decision concerns the firm’s previous work for the now-bankrupt FTX exchange. The monitorships were part of the $4.3 billion deal in which Binance pleaded guilty to … Read more

Bitcoin mining stocks continue to slump ahead of halving – CryptoHashy

Bitcoin reaches highest monthly volume since September 2022

[ad_1] Bitcoin mining companies are facing a notable decrease in stock value in anticipation of the upcoming halving. Shares of Marathon Digital Holdings, Riot Platforms, and CleanSpark have declined for three consecutive days. Marathon Digital Holdings, the largest public Bitcoin miner, lost nearly 25% of its stock value in the past month, while Riot Platforms … Read more

Bitcoin ETF (BTC) Inflows Slow – CryptoHashy

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

[ad_1] “Many banks, endowments, and pension funds worldwide are only now beginning their due diligence processes before considering strategic allocations to BTC through newly launched ETFs,” Kerbage continued. “As these large financial institutions make decisions over the coming months, it is likely that inflows will increase once again, potentially reaching new milestones for what has … Read more

Azteco Is Helping Millions Buy Bitcoin Without Sharing Their Identity – CryptoHashy

Azteco Is Helping Millions Buy Bitcoin Without Sharing Their Identity

[ad_1] Company Name: Azteco Founders: Alexander Fernandez and Paul Ferguson Date Founded: 2014 Location of Headquarters: Santa Monica, CA Amount of Bitcoin in Treasury: Not disclosed Number of Employees: 12 Website: https://azte.co/ Public or Private? Private When Alexander “Akin” Fernandez first conceptualized Azteco over a decade ago, he simply wanted to make bitcoin easier to obtain. … Read more

Railgun refutes FBI claims of North Korean misuse, upholds privacy – CryptoHashy

Railgun refutes FBI claims of North Korean misuse, upholds privacy

[ad_1] Privacy protocol Railgun denies claims of North Korean hackers or sanctioned individuals using the platform, despite earlier claims from the FBI.  The assertions were initially fueled by a January 2023 statement from the FBI, which implicated North Korea’s Lazarus group in laundering over $60 million in Ethereum through Railgun. The funds were reportedly stolen … Read more