Indonesia: Crypto Products Required To Pass On Regulatory Sandbox After New Rule
Bitcoinist - Bitcoin News and Reviews
by Rubmar Garcia
3h ago
Indonesia’s regulatory agency has issued a new rule that could potentially affect crypto assets in the country. According to local reports, firms must introduce their products to the Financial Services Authority (OJK)’s Regulatory Sandbox. Crypto Assets To Be Tested On Regulatory Sandbox Local reports by news media outlet DetikFinance informed of the new regulatory rule issued by the OJK this week. The rule aims to “increase the development of the technological innovation of the financial sector” and safeguard users from losses and “fraudulent investments.” OJK’s new measure requires Financial ..read more
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Bitcoin Difficulty Drops: Miners Hesitant To Expand Ahead Of Halving?
Bitcoinist - Bitcoin News and Reviews
by Keshav Verma
5h ago
On-chain data shows the Bitcoin difficulty has seen a drop in the latest network adjustment, suggesting the miners have stopped their expansion. Bitcoin Difficulty Drops 1% As Hashrate Remains Flat The “difficulty” is an in-built feature of the Bitcoin network that controls how hard the miners would find it to find blocks on the chain right now. This feature exists because the BTC blockchain intends to keep its “block production rate” at a constant rate. The block production rate refers to the rate at which miners find blocks on the network. As compensation for solving these blocks, the miners ..read more
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Venom Blockchain Developed In Abu Dhabi Drives Web3 Ecosystem Expansion
Bitcoinist - Bitcoin News and Reviews
by Bitcoinist
6h ago
Abu Dhabi, known for its economic strength in the oil industry, has entered the realm of blockchain technology with a team that built the Venom Blockchain for Web3 application, which recently launched worldwide. Over 20 Projects Ready To Launch On Venom Blockchain The Layer 0 (L0) Venom blockchain differentiates itself with an infrastructure capable of processing 100,000 transactions per second while maintaining a low average transaction fee of $0.0002, according to its website. Since its inception, the Venom Blockchain has experienced significant growth, with a market capitalization surpassin ..read more
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Developed in Abu Dhabi’s Venom Blockchain Paves The Way For Web3 Ecosystem Expansion
Bitcoinist - Bitcoin News and Reviews
by Bitcoinist
7h ago
Abu Dhabi, known for its economic strength in the oil industry, has entered the realm of blockchain technology with a team that built the Venom Blockchain for Web3 application, which recently launched worldwide. Over 20 Projects Ready To Launch On Venom Blockchain The Layer 0 (L0) Venom blockchain differentiates itself with an infrastructure capable of processing 100,000 transactions per second while maintaining a low average transaction fee of $0.0002, according to its website. Since its inception, the Venom Blockchain has experienced significant growth, with a market capitalization surpassin ..read more
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Shiba Inu Lead Dev Tells Ethereum Founder, ‘It’s Just The Start’, Here’s Why
Bitcoinist - Bitcoin News and Reviews
by Scott Matherson
7h ago
Shiba Inu (SHIB) lead developer, Shytoshi Kusama, recently told Ethereum’s co-founder Vitalik Buterin that he should expect more improvement from the SHIB ecosystem soon. This comes in response to Vitalik’s comment in which he praised the meme coin.  More To Come From SHIB Kusama responded to Vitalik in an X (formerly Twitter) post, in which he shared a GIF that read, “… it’s just the start.” The developer was reacting to Vitalik’s comment that SHIB has “massively outperformed” his expectations. Vitalik had specifically donated SHIB to the Future of Life Institute (FLI) and looked to be i ..read more
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Canadian Authorities Probe $169M QuadrigaCX Crypto Scam In New Wealth Investigation
Bitcoinist - Bitcoin News and Reviews
by Ronaldo Marquez
8h ago
In a significant development, the Canadian province of British Columbia seeks to employ an unexplained wealth order (UWO) against Michael Patryn, co-founder of the Quadriga Coin Exchange (QuadrigaCX).  The UWO is a newly introduced court order that compels individuals to disclose the source of their assets. The Minister of Public Safety and Attorney General of Canada, Mike Farnworth, said that the filing of the UWO demonstrates the government’s commitment to taking decisive action against criminals and organized crime. Government’s Pursuit Of QuadrigaCX Extends The Quadriga Coin Exchange ..read more
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Glassnode Data Shows Bitcoin at Crossroads: Time to Hold or Take Profit?
Bitcoinist - Bitcoin News and Reviews
by Dalmas Ngetich
10h ago
According to on-chain data analysis by Glassnode, Bitcoin is at a critical juncture. When BTC soared to $73,800 in March 2024, printing new all-time highs, the Bitcoin market reached a statistically significant level regarding on-chain unrealized profits, according to the Market Value to Realized Value (MVRV) ratio. Bitcoin MVRV Ratio At Historically Significant Level: Time To Hold Or Take Profit? The analytics platform notes that, historically, such levels have coincided with periods of market resistance. Therein, some holders often choose to take profits by exiting their positions ..read more
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Bitcoin Stablecoins Ratio At 1-Year Lows: Is This Bullish?
Bitcoinist - Bitcoin News and Reviews
by Keshav Verma
11h ago
On-chain data shows the Bitcoin Exchange Stablecoins Ratio has plunged to its lowest since March 2023. Here’s what this could mean for BTC. Bitcoin Exchange Stablecoins Ratio Has Been Heading Down Recently As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Stablecoins Ratio has been declining recently. The “Exchange Stablecoins Ratio” is an indicator that keeps track of the ratio between the Bitcoin and stablecoins exchange reserve. The exchange reserve here is the total amount of a given cryptocurrency that all centralized exchanges are holding in their wallets r ..read more
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Shiba Inu Team Launches Latest Edition Of The SHIB Magazine
Bitcoinist - Bitcoin News and Reviews
by Scott Matherson
12h ago
The Shiba Inu team has published the 18th edition of The Shib Magazine, featuring DAMN, the newest meme coin integrated into the Shibarium ecosystem. The publication emphasizes the latest developments and updates on the token, accentuating its impressive achievements and performance in the crypto space. Shiba Inu Magazine Unveils The Solana Killer, DAMN On Wednesday, March 27, The SHIB team released the latest edition of its magazine, focusing exclusively on the SOL Killer, DAMN. Highlighting the rapidly growing popularity of the cryptocurrency, The Shib Magazine disclosed that DAMN has become ..read more
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Maximum Sentence: Judge Suggests Sam Bankman-Fried Could Face 110 Years In Prison
Bitcoinist - Bitcoin News and Reviews
by Ronaldo Marquez
12h ago
In a courtroom drama that has captivated the cryptocurrency world, the sentencing day for Sam Bankman-Fried, co-founder of the now-bankrupt crypto exchange FTX, has arrived. As the hearing unfolded, it became increasingly clear that the fallen crypto mogul could be handed the harshest punishment. Sam Bankman-Fried Found Guilty Of Obstruction And Perjury During the live coverage of the sentencing by Inner City Press, Judge Lewis A. Kaplan’s remarks shed light on the severity of Bankman-Fried’s crimes. The judge adopted the pre-sentence report and addressed the substantial disputes surrounding t ..read more
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