Since Ethereum completed its transition to a proof-of-stake (PoS) system in 2022, commonly known as The Merge, its market performance has continued to lag behind Bitcoin. While Ethereum’s upgrades have improved network efficiency and sustainability, they have done little to boost its price significantly. Instead, investors seem to be favoring Bitco
Crypto.com Set to Suspend Tether and Paypal’s Stablecoins based on MICA’s Law
Crypto.com, a leading crypto exchange, announced it is suspending Tether USDT and Paypal’s PYUSD from its platform following MiCA law on digital assets. The suspension of the stablecoins takes effect on January 31st with other digital assets like Crypto.com Staked ETH and Crypto.com Staked SOL. The crypto exchange platform deemed the digital asse
Spot Solana ETF Application Refiled By Cboe BZX Exchange
Cboe BZX Exchange, a well-known exchange platform, has refiled applications for four firms seeking approval for spot Solana…
Cardano (ADA) Nears 30-Day Low as Whales Sell Off
Cardano’s price is down close to 10% over the week, inching close to the lowest price in 30 days. The wider cryptocurrency market is also bleeding, but ADA seems to be struggling with reduced whale activity. Source: https://ecos.am/en/blog/cardano-ada-price-prediction-insights-trends-and-future-forecast/ Whale Sell-Off […] The post Cardano (ADA) Ne
Czech Central Bank Governor Proposes Bitcoin Investment
The Governor of the Czech National Bank (CNB), Aleš Michl wishes to invest billions of euros from the…
Proof of Reserves: Ensuring Transparency in Crypto
There have been several scandals in the bitcoin world. The fall of FTX in November 2022 was one of the most significant. Many users suffered financial devastation as a result of the exchange’s executives misusing customer monies. FTX’s reserve assets […] The post Proof of Reserves: Ensuring Transparency in Crypto appeared first on Coinbackyard.
Doodles NFT Welcomes Scott Martin “Burnt Toast” as CEO—Big Changes Ahead
Scott Martin, also known as “Burnt Toast” in the digital art industry, has stepped in as the new CEO of Doodles, an Ethereum ETH-based non-fungible token (NFT) project.
BTCUSD Eyes Breakout: CNB Weighs $7B Bitcoin Purchase While China Offloads $20B
The Czech National Bank (CNB) is considering Bitcoin as part of its reserve diversification strategy, while China has reportedly sold a significant portion of its holdings. The CNB board is set to review the proposal at a meeting on January 30, according to the Financial Times. Meanwhile, China is believed to have sold nearly $20 […]
MiCA Compliance Race: Crypto.com to Delist Tether and Nine Other Tokens
Crypto.com will delist Tether’s USD-pegged stablecoin, USDT, along with nine other tokens, to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, CoinTelegraph reported today (Wednesday). In addition to USDT, the nine tokens that will be delisted on Crypto.com are Wrapped Bitcoin, Dai, Pax Dollar (PAX), Pax Gold,
Chris Dixon: Regulations Fueled Memecoin Frenzy in 2024
Chris Dixon, founder of a16z crypto, in a podcast interview with unchained, blamed the policymakers and crypto regulation…