Congresswoman Maxine Waters Questions Meta’s Ongoing Crypto Efforts
A letter sent to the tech giant said it still has five active patents related to cryptocurrencies, despite the firm saying that it has no digital assets-related works ongoing.
Financial
Bug on Ethereum’s Nethermind Software Sparks Discussion of ‘Client Diversity’ Risks
The lion’s share of Etheruem’s validators rely on the same piece of software to power their operations. According to some experts, this could be a big risk.
SEC Shut Off Extra Security on X For 7 Months, Letting Hacker Breeze In
The U.S. regulator confirmed it didn’t take its own security advice through much of 2023, leaving it open for a costly social-media hack that’s still under investigation.
Bitcoin-Based Digital Art Image ‘Genesis Cat’ Sells for $254K in Sotheby’s Auction
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain’s Ordinals protocol. All in, some 19 lots sold by Sotheby’s raked in a combined $1.1 million.
Bitcoin Slides Below $40K, Now Down Nearly 20% From Post-ETF Euphoria
Analysts at 10x Research are eyeing the $38,000 level for a potential bottom.
Bitcoin Bulls Buoyed by Report of FTX’s $1B GBTC Sale
Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.
Bailing DeSantis May Leave Deafening Crypto Silence in 2024 Presidential Race
The Florida governor and Vivek Ramaswamy had been the most strident Republican voices on digital assets issues for 2024, but both gave way to the Trump political juggernaut.
FTX Affiliate Alameda Research Drops Grayscale Lawsuit
FTX liquidators are scrapping a costly kanunî battle to secure money for FTX creditors, following GBTC’s conversion into a spot bitcoin ETF.
Zuzalu, Vitalik Buterin-Led Retreat in Montenegro, Inspires Grants for ‘Zu-Villages’
The aim of the program is to continue the “growth of the pop-up city movement” and “support technology-driven projects,” according to a post on Gitcoin.
FTX Sold About $1B of Grayscale’s Bitcoin ETF, Explaining Much of Outflow: Sources
BTC’s price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.