Category: Bitcoin News

Farcaster co-founder Dan Romero moved to quell speculation around the project’s future, saying the protocol is not shutting down following its acquisition by infrastructure provider Neynar. Farcaster is a decentralized social networking protocol that allows developers to build interoperable social apps where users own their identities, social graphs and connections onchain rather than being locked into a single platform. In a post addressing the community, Romero said Farcaster remains operational and continues to see meaningful usage, citing roughly 250,000 monthly active users in December and over 100,000 funded wallets. He…

Lawmakers in the US state of Kansas are considering a bill that would create a state-managed Bitcoin and digital assets reserve fund funded through unclaimed property rather than direct purchases of cryptocurrency. ​Kansas Senate Bill 352, introduced by Senator Craig Bowser on Wednesday, would establish a “Bitcoin and digital assets reserve fund” in the state treasury, administered by the state treasurer.  The fund would consist of airdrops, staking rewards and interest earned on abandoned digital assets held under Kansas’ unclaimed property law.  It would include cryptocurrencies and “other digital-only assets,”…

Binance submitted an application for authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA) in Greece as regulators warn of looming compliance deadlines. A Binance spokesperson confirmed to Cointelegraph on Friday that the exchange had filed for a MiCA license in Greece and was working with the country’s financial regulator, the Hellenic Capital Market Commission (HCMC). “We welcome the opportunity to work closely with the HCMC as this new regulation takes shape in the EU and look forward to contributing to the long-term growth of the EU’s Europe’s digital…

A winter storm threatening to pelt most of the southern US with ice and heavy snow this weekend could see Bitcoin miners curtail their operations until the front has passed. American weather forecasting company AccuWeather reported on Thursday that a “massive winter storm” could extend for 1,800 miles from far west Texas to the mid-Atlantic coast, cutting power, preventing travel in over a dozen states and affecting upwards of 60 million people When large storms have caused havoc to power grids in the past, Bitcoin miners have powered down to…

The Justice Department will drop its case against Nathaniel Chastain, a former OpenSea manager who successfully appealed a wire fraud and money laundering conviction. US prosecutors will not retry their insider trading case against a former manager at nonfungible token platform OpenSea after a federal appeals court overturned the convictions in July. On Wednesday, prosecutors told a Manhattan federal court that they entered into a deferred prosecution agreement with Nathaniel Chastain and will dismiss their case after the agreement ends in a month. In a letter, Manhattan US Attorney Jay…

Authorities in South Korea have launched an investigation after millions of dollars worth of Bitcoin seized in a criminal case was reportedly stolen. Officials with the Gwangju District Prosecutors’ Office discovered that around 70 billion won ($47.7 million) worth of Bitcoin (BTC) crypto was missing during a routine inspection of seized financial assets, according to local media reports on Thursday. The Chosun Daily reported that the Bitcoin was stolen after a password was leaked externally, with a prosecutor’s office official saying a phishing attack was to blame after an agency…

Network activity on the Ethereum mainnet has now surpassed that on layer-2 scaling blockchains as gas fees remain low, though it may not all be organic users. Token Terminal said on Thursday that there has been a “return to mainnet,” with daily active addresses on Ethereum outranking all leading layer-2s. A recent spike in active addresses closed in on 1 million per day, with Etherscan showing that active addresses surged to around 1.3 million on Jan. 16 but have since settled to around 945,000 daily active addresses. The figure is…