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Cryptocurrency

New York Community Bancorp Shares Plummet 42% After Missing Earnings Estimates and Slashing Dividend

February 1, 2024 by Arnold Potts

New York Community Bancorp (NYCB) experienced a significant drop in its stock price, falling as much as 42% on Wednesday, following the release of its fourth-quarter earnings report. The bank reported a loss of $0.36 per share, missing analysts’ estimates of earnings …

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U.K. Police Seize £1.4 Billion Worth of Bitcoin in China Investment Fraud Case

February 1, 2024 by Arnold Potts

In a major crackdown on investment fraud, the police in the United Kingdom have seized a staggering 1.4 billion pounds ($1.78 billion) worth of bitcoin (BTC) from a Chinese operation. The Financial Times reported on Wednesday that the seizure took place as …

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Labour Party Aims to Make UK a Securities Tokenization Hub and Advance Digital Pound Work

February 1, 2024 by Arnold Potts

The U.K.’s opposition party, Labour, has announced its plans to make the country a hub for securities tokenization and promote the development of a digital pound. With an election expected to take place this year, Labour is currently leading the incumbent Conservatives …

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Global X Withdraws Bitcoin ETF Application as BlackRock and Fidelity Dominate the Market

February 1, 2024 by Arnold Potts

Global X, a former contender for a spot bitcoin exchange-traded fund (ETF), has withdrawn its application, according to a notice from Cboe BZX Exchange on January 30. The exchange could have listed the fund if Global X had proceeded with its application. …

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Bitcoin Adoption in Pakistan Continues to Rise Without Regulatory Clarity

January 31, 2024 by Arnold Potts

Pakistan’s Emerging Bitcoin Adoption Continues to Rise Amid Regulatory Uncertainty Pakistan, a country with a population of approximately 250 million and a majority living below the poverty line, is emerging as one of the key markets in Southeast Asia. Despite political chaos …

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Cornell University Approves First Bitcoin-Focused Study in College Scholar Program

January 31, 2024 by OK

Cornell University’s College of Arts & Sciences’ Robert S. Harrison College Scholar Program has made history by approving the first independent Bitcoin-focused study. The groundbreaking initiative was spearheaded by Ella Hough, a student at Cornell University, who is set to embark on …

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Bitcoin’s Censorship Resistance: Exploring the Limits and Potential Impact on Transaction Fees

January 31, 2024 by OK

an advantage in terms of fee revenue. However, if the verboten transactions start to saturate the mempool and there is not enough block space available for them, the fee pressure for these transactions will increase significantly. In this scenario, the green miners …

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The Potential Implications of Transitioning from Fiat Standards to the Bitcoin Standard

January 31, 2024 by OK

would no longer be available. This would have significant implications for the nature of states and international relations. Without the ability to manipulate their currency, governments would be forced to rely on sound fiscal policies and responsible spending. This could lead to …

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Swan Bitcoin Launches Mining Division, Aims to Reach Over 8 Exahash by March

January 31, 2024 by OK

BTC-only exchange Swan Bitcoin has announced the launch of its new mining division, Swan Mining, which had been operating in stealth mode until now. The division will now fall under Swan Institutional and will focus on securing the Bitcoin network while contributing …

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Cat Memes Take Over the Bitcoin Space: Are Meme Campaigns the Right Way to Decide Consensus Changes?

January 31, 2024 by OK

together u d two strings. On their own, these operations may seem harmless, but when combined, they create a potential for abuse and exploitation. One of the main concerns with OP CAT is its impact on the size of the blockchain. Bitcoin’s …

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