Bitcoin Price Climbs $400 In 20 Minutes to Reach 2-Week High
Bitcoin, the world’s largest cryptocurrency by market capitalization has jumped 6.6 percent in quick succession pushing prices well above $6,600.
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US Energy Department Funds Trial of Factom Blockchain to Secure Power Grid
news Factom, one of the earliest companies to pitch blockchains to enterprises, is participating in a U.S. government-funded trial of the technology to protect the national power grid. Announced Thursday, TFA Labs, an internet-of-things (IoT) security startup, is experimenting with Factom’s protocol to validate that devices on the grid aren’t infected with malware. Backed by…

Hector Network Votes to Liquidate $16M Treasury Following Multichain, Fantom Losses
The Hector Network voted Monday to liquidate its $16 million treasury and distribute the proceeds to HEC tokenholders.The vote likely marks the beginning of the end for Hector DAO, the Fantom blockchain–based fork of Olympus DAO that suffered major losses this month due to bridge provider Multichain’s collapse.Since July 6, Hector’s HEC token has lost…

South Korean Third-Largest Crypto Exchange Publishes Official Listing Criteria
news Coinone, a South Korean crypto exchange, has issued listing criteria, laying out in some detail what is required to be traded on the platform. The disclosure on August 8th came just a few days after the exchange announced the signing a deal with CertiK to undertake a security validation and amid a rush in…

Russia Legalizes Crypto Mining and Brings an Experimental Regime
Russia has passed one law legalizing cryptocurrency mining from November 1, 2024. A second experimental law allowing the central bank to authorize selected companies to conduct cross-border settlements and exchange trading in digital currency was also passed. Russia's lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on

Ravi Menon: Singapore’s Middle Way Regulator
The head of Singapore's central bank has been one of the most influential policymakers in Asia, arguably the most vibrant region currently for crypto development. As Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, 59, has steered the institution toward a middle path between Hong Kong's favorable crypto regulations and the just-ban-crypto

New Jersey Signs Blockchain Task Force Program Into Law
news Blockchain implementation research is coming to New Jersey. Governor Phil Murphy signed bill S2297, the Blockchain Initiative Task Force, into law Friday. The task force is commissioned with studying potential use-cases for blockchain technology on the state and local level. The bill specifically points out medical records, land records, banking, and property auctions as…

MicroStrategy Proposes $500M Convertible Notes to Boost Bitcoin Stash
MicroStrategy proposes $500 million debt sale to boost BTC stash.The Nasdaq-listed firm currently holds 214,400 BTC.08:42Bitcoin Ecosystem Developments in 2023 as BTC Hits Fresh 2023 High01:10Bitcoin Extends Rally as $1B in BTC Withdrawals Suggests Bullish Mood13:53Bitcoin's Price Rallied 28% in October as Crypto Rally Widened02:00Terra Classic Community Votes to Stop USTC Minting; How Much Bitcoin

Winklevoss Brothers Sue Charlie Shrem Over $32 Million in Bitcoin
Cameron and Tyler Winklevoss are reportedly suing early bitcoin investor and entrepreneur Charlie Shrem over thousands of bitcoin they allege he owes them from a previous business deal. According to a report from The New York Times on Thursday, Shrem – who previously spent a year in prison for money laundering and operating an unlicensed money-transmitting business…