Tag: Blockchain

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Ripple Acquires Crypto Financial Services Company Fortress Trust 

September 8, 2023

Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple Acquires Fortress Trust The acquisition provides Ripple with Fortress Trust’s financial, regulatory, and technological infrastructure to serve the…
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LBRY Gears Up to Contest US Securities Law Violation Ruling

September 8, 2023

In a recently filed court document, blockchain-based publishing company LBRY has signaled its intent to challenge a New Hampshire district court’s verdict. This ruling, made in November 2022, concurred with the U.S. Securities and Exchange Commission (SEC) stating that LBRY presented its digital assets as securities or investment contracts. Unregistered Crypto Securities Saga: LBRY Challenges…
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Web3 made simple: Brinc joins forces with Cointelegraph Accelerator

September 8, 2023

Brinc partners with Cointelegraph Accelerator to establish a two-way support bridge for startups developing the future of Web3. Web3 startups often face challenges unique to the nascent ecosystem — complex regulatory landscapes and scaling with decentralization are just two of many. Venture capital flowing into Web3 startups experienced a big drop over the last year,…
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Ark Invest, 21shares, and Vaneck Forge Ahead With Spot Ethereum ETF Applications

September 7, 2023

The U.S. Securities and Exchange Commission (SEC) has temporarily postponed its ruling on seven bitcoin exchange-traded fund (ETF) applications. Meanwhile, a fresh wave of applications has emerged, with Ark Invest and 21shares, in addition to Vaneck, seeking approval for spot ethereum ETFs. These forthcoming funds, should they receive the green light, will enable investors to…
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Bitcoin Witnesses Second-Highest Daily Ordinal Inscription Count as Inscriptions Near 30 Million

September 7, 2023

While Bitcoin-based nonfungible token (NFT) sales have declined, and the network has dropped to seventh out of 23 blockchains in sales this past month, Ordinal inscriptions continue unabated. The number of inscriptions linked to the Bitcoin blockchain is nearing 30 million. On September 3, a record 418,240 inscriptions were minted, marking the second-highest daily rate…
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Blockchain Firm Raises Millions From Andreessen Horowitz, Paris Hilton to Help Monetize AI Mashups

September 7, 2023

Investors led by Andreessen Horowitz have backed a company that has set out to help content creators monetize their work in the age of artificial intelligence (AI). The tech firm intends to employ blockchain technology to track remixes and mashups that have been spreading online since the invent of AI tools like Chatgpt. Investors Pledge…
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Grayscale Bitcoin Trust’s alleged wallet addresses released by Arkham

September 7, 2023

The blockchain analytics firm claims Grayscale is the world’s second-largest BTC entity. Blockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust consists of more than 1,750 addresses holding a total of over $16 billion worth of Bitcoin (BTC), according to a Sept. 6 thread on X…
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Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?

September 7, 2023

This week, the crypto community is abuzz with discussions about Bitcoin’s 21 million supply cap and the potential for its alteration. On September 4, in a social media exchange, software developer and Bitcoin Core contributor Peter Todd expressed his belief that in “10-20 years the idea of a hard fork to add a small tail…
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Bitcoin Mining Difficulty Dips 2.65%; Network Clocks Modest Uptick in Hash Price

September 7, 2023

On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block height 802,368. Bitcoin Miners See Relief With 2.65% Difficulty Drop and Rising Hash Price As of Tuesday…
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$21 Million in ‘Sleeping Bitcoins’ Awaken After Years of Dormancy 

September 6, 2023

Despite bitcoin’s (BTC) price dipping 6.4% this week and hovering below the $26K mark, a flurry of activity was noted between September 5th and 6th as several substantial ‘sleeping bitcoins’ stirred. After a lull of slightly over six years, an individual splurged 359.92 BTC, equivalent to $9.2 million, across eight distinct transactions. Moreover, on Wednesday,…
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