Bitcoin Demand, Fees Soar Due to Spot ETF Hype
The anticipation that the United States will soon authorize a spot Bitcoin exchange-traded fund (ETF) has boosted demand for the leading Bitcoin and caused a surge in transaction fees. According to statistics compiled by CryptoFees, the Bitcoin blockchain received $11.6 million in fees paid on November 16. According to data from YCharts, the mean transaction […]
Republic to Use Avalanche Blockchain for Profit-sharing Investment Note
Neo-investment and technology firm Republic intends to distribute Profits to retail investors from the proceeds of its diverse portfolio of investment holdings via the Avalanche blockchain-based security token. Upon its introduction on the Avalanche blockchain, the Republic Note is a profit-sharing digital asset that accumulates earnings from the Republic’s extensive investment portfolio and services. Republic […]
Bakkt Adds Support for DOGE, SHIB, Others to Embrace Custody Services
Cryptocurrency firm Bakkt is expanding its custody services, supporting six new coins, including Dogecoin, Shiba Inu, USDC, Litecoin, Ethereum Classic, and Bitcoin Cash. According to a November 15 announcement, cryptocurrency firm Bakkt appears to be returning to digital asset custody as its principal business, adding support for six new coins. Bakkt will extend its custodial […]
OKX Exchange Launches Ethereum Layer-2 Testnet Dubbed X1
OKX cryptocurrency exchange announced the launch of a testnet named “X1,” a forthcoming Ethereum layer-2 network that will be part of the Polygon ecosystem and use zero-knowledge proofs to bridge assets from Ethereum. Developed with the Polygon chain development kit (CDK), the X1 network will authenticate deposits and withdrawals between layers using zero-knowledge proofs. CoinMarketCap […]
Bitgin Crypto Exchange Faces Investigation for Money Laundering
Bitgin, a Taiwanese cryptocurrency exchange, is facing an investigation from the police, confirming its chief operating officer’s brief relationship with an alleged money laundering group on Nov. 13. The Taiwanese police are investigating the cryptocurrency exchange Bitgin for money laundering. Early this week, local news sources reported that Taiwanese police arrested the firm’s chief operating […]