Cryptocurrency

Plugins are software components or extensions that provide an existing software application with additional capabilities. By offering extra tools, functions or integrations, they are intended to improve the functionality and features of the main software. The functionality of the primary software can be expanded by installing or activating plugins, which are frequently made by outside developers to suit the needs or preferences of the user. Here are seven noteworthy plugins:Continue Reading on Coin Telegraph More

In a decisive turn in its bankruptcy proceedings, Celsius Network LLC has selected Fahrenheit, LLC to be the victorious bidder. This follows a competitive court-supervised auction, where Fahrenheit emerged as the chosen manager of a new entity, set to be entirely owned by Celsius’ creditors.Fahrenheit, a consortium comprised of US Bitcoin Corp., Arrington Capital, Proof Group, Steven Kokinos, and Ravi Kaza, will take the reins and infuse the necessary capital, management acumen, and technological expertise to steer the new company known as NewCo.One of the primary highlights of the associated Chapter 11 plan is a substantial distribution of Celsius’ liquid cryptocurrency to its account holders, an event slated to happen as soon as practically possible after the plan’s effective date. Additionally, the plan lays out provisions for settlements with the Custody and Withhold groups, illustrating a comprehensive approach to recompense.Further, the Chapter 11 plan also proposes the establishment of NewCo. This new, publicly traded company will manage a range of Celsius’ illiquid assets, including its institutional loan portfolio, mining business, and alternative investments. Notably, Celsius’ account holders will retain 100% ownership of the new equity in NewCo, although this is subject to dilution by the equity allocated to Fahrenheit as part of their management fees.The deal also includes plans to revitalize Celsius’ currently dormant mining operations, with the winning bid offering conditions that would enable immediate reactivation of the firm’s mining rigs. NewCo will also be tasked with the gradual expansion of this mining business, potentially providing an additional revenue stream for the company.In the meantime, the crypto community has shown an outpouring of gratitude towards Simon Dixon, whose “stalking horse” bid is believed to have increased the recovery for creditors by hundreds of millions. Twitter users have been expressing their heartfelt thanks and deep appreciation for Dixon’s work​​.The post Celsius Network Paves Way for New Beginnings with Fahrenheit LLC appeared first on Coin Edition.See original on CoinEdition More

Ron DeSantis, the Floridan Republican Governor, and the US Presidential candidate advocated safeguarding Bitcoin, assuring to protect the rights of individuals to hold and trade cryptocurrencies if he is elected as the US President.During a Twitter space with the American entrepreneur Elon Musk and the venture capitalist David Sacks, DeSantis promised more than 520,000 live audiences to support them hold their every right for being a crypto trader, adding that crypto is a case of civil liberties. He affirmed that he would “protect the ability to do things like Bitcoin,” as a President.DeSantis strongly criticized the US regulators who restrict the development of digital currencies, claiming:As a governor, DeSantis has proposed to ban the central bank digital currencies (CBDCs) to protect consumers. According to DeSantis, CBDCs would hinder innovation and promote authoritarian surveillance.The stringent rules of US regulators have been long known to suffocate the crypto interest of investors. In a recent interview, Michael Saylor, the co-founder of MicroStrategy, said that the treatment of Bitcoin as an indefinite and intangible asset is a drawback of the conservative regulatory system.The tech-related Twitter account Moe, retweeted the words of DeSantis:Moe’s tweet concentrated on the Presidential candidate’s criticism of President Joe Biden’s regime which deliberately controls Bitcoin, accusing that if the administration continues for another four years, “they’ll probably end up killing it [BTC]”.The post DeSantis Promises to Protect Bitcoin and other Cryptocurrencies appeared first on Coin Edition.See original on CoinEdition More

Brad Garlinghouse, the man behind enterprise blockchain solution firm Ripple, expects a resolution in the controversial lawsuit filed by the U.S. Securities and Exchange Commission (SEC) within the next few weeks. Garlinghouse’s ETA on the resolution presents an expedited timeline as compared to the community sentiment, which estimated that a verdict may take months.Garlinghouse’s comments came during an interview with Mukaya Panich, the CEO of SCB 10X. SCB 10X is currently hosting its 4th Annual DeFi and Web3 Virtual Summit, featuring industry leaders like Circle Chief Jeremy Allaire, Arbitrum CEO Steven Goldfeder, Chainalysis CEO Michael Gronager, and Curve co-founder Michael Egorov.When asked about the ongoing battle with the SEC, Brad Garlinghouse revealed that he expects a decision within weeks and not months. The Ripple CEO’s estimation of a resolution is based on the recent decision of the overseeing judge to deny the securities regulator’s motion to seal the infamous Hinman documents, which Garlinghouse believes is an indicator of the court’s sentiment.The Hinman documents are internal communications and speeches related to William Hinman, the SEC’s former Director of Corporation Finance, who stated in 2018 that Ethereum is not a security. The SEC has made several attempts to seal these documents, given the precedent they may set in the ongoing lawsuit against Ripple.Brad Garlinghouse also accused the SEC and the Biden administration of putting politics ahead of smart policy, leading to crypto entrepreneurs and innovation moving out of the United States. The Ripple CEO stated that the regulatory landscape in the U.S. is part of the reason why most of his firm’s clients are not from the U.S.The post Ripple CEO Brad Garlinghouse Expects SEC Lawsuit Verdict Within Weeks appeared first on Coin Edition.See original on CoinEdition More

The Gate.HK platform commenced registration and trading services on May 23. Users can now make virtual asset deposits and withdrawals, as well as engage in spot trading of various cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and Litecoin (LTC). Gate.HK seeks to offer a diverse range of trading services that cater to retail users and professional investors.Continue Reading on Coin Telegraph More

The bank will partner with locally licensed virtual asset exchanges to obtain regulatory approvals, according to a statement. Bank customers will be able to “trade virtual assets by using fiat currency within the ZA Bank App” once those approvals are in place.Continue Reading on Coin Telegraph More

According to Jump Crypto’s postmortem report, validators were allowed to vote more than once on the same update due to a bug in the SGN EndBlocker code. By allowing validators to vote multiple times, malicious actors could multiply their voting power to approve harmful updates. The report explained:Continue Reading on Coin Telegraph More

An NFT influencer, known as ben.eth, has been served with a settlement demand accusing them of engaging in wire fraud during a $7 million token presale. The demand, delivered via an NFT, alleges that ben.eth used a manipulative launch strategy for the Psyop (PSYOP) token, which raised $7 million in its initial presale.Continue Reading on Coin Telegraph More