CobiCoin

Follow for the latest simplified news and alerts regarding Crypto Assets that matter now.

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Breaking News: SEC Officially Approves Highly Anticipated Bitcoin Spot ETFs!

SEC has given its official approval for the long-anticipated Bitcoin Spot ETFs. This marks a significant milestone, providing investors with direct and regulated exposure to Bitcoin's spot market.

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Judge Analisa Torres sided with Ripple Labs' claim that about half of its sales of XRP should not be considered illegal securities offerings. Ripple has consistently argued that XRP, designed for cross-border payments, does not fall under the category of securities.

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Coming March 2023, EIP-4895, dubbed Shanghai hard fork, calls for a reduction of gas fees by 100x for rollup solutions without sacrificing decentralization for Arbitrum and Optimism. Along with staked Ethereum withdrawal.

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Ethereum's "Merge" to Proof-of-Stake successfully arrived this morning!
Ethereum’s next upgrade, Shanghai will release new features starting next month. Of these features considered, is the ability for Ethereum validators to withdraw staked ETH.

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Solana blockchain was not compromised! Slope - a Web-based crypto wallet logged plaintext seed phrases on their centralized servers and got hacked resulting in users funds stolen.

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$6 million worth of funds were siphoned from Phantom wallets during a 10-minute period on August 2. NFT marketplace Magic Eden called on users to revoke permissions for any suspicious links in their Phantom wallets.

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Intel plans to enter the Bitcoin mining space with a “ultra-low-voltage energy-efficient” ASIC chip. The ASIC Bitcoin miners manufacturing is controlled by Chinese manufacturers, this move opens up the door for Bitcoin miners manufacturing in the USA.

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Polygon (MATIC) layer-2 scaling network, released a major upgrade Tuesday. Piggybacking on Ethereum’s London hard fork, EIP 1599 is now live. The Polygon upgrade will now limit the supply of MATIC and replace the current gas fee calculation mechanism for "better fee visibility."

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VeChain’s first native stablecoin, will soon go live. Each VeUSD minted will be fully backed by physical reserves of fiat money that can be redeemed at a 1:1 ratio. Stably Prime platform is the chosen vendor due to their strict compliance with US and global regulatory authorities

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The first US bitcoin exchange traded fund had its first day of trading with heavy volume. BITO - The ProShares Bitcoin Strategy ETF launched on the New York Stock Exchange on Tuesday after the opening bell.

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Coinbase just announced paycheck direct deposits and auto-conversions into Bitcoin + Altcoins in upcoming weeks. Paychecks deposited directly into Coinbase can be converted directly into Bitcoin, cryptos, or USD with zero-fee deposits, along w/ user paycheck allocation feature.

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Bitcoin's open source client underwent several improvements to the software. Includes GUI support for hardware wallets, Tor v3, and the Invisible Internet Project (I2P). Bitcoin Core 22.0 is the first major release to support the upcoming Taproot protocol upgrade in November.

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Coinbase and Circle, revised their claim of 1:1 Dollar-backing of USDC. Stating "Each USDC is backed by one dollar or asset with equivalent fair value, which is held in accounts with US regulated financial institutions." Only 60% is cash-backed according to latest disclosure.

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EIP-1559 is officially live! It's not ETH 2.0, but the update should improve the user experience of the network by eliminating fee estimates and turn ETH into a deflationary asset, which effectively redistributes the protocol’s earnings to the wider Ethereum community.

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Lawmakers have approved a proposal from Salvadorian President Nayib Bukele that'll allow bitcoin to be used as legal tender in the country. The law states "all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service."

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Square Inc. CEO Jack Dorsey said the company is considering building a Bitcoin hardware wallet, an offline storage device.

“If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community,” Dorsey wrote.

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Michael Saylor hosted a Green BTC Mining Initiative along w/ Elon Musk to North American Bitcoin miners. Committing to use renewable resources & agreeing to form the Bitcoin Mining Council, to promote energy transparency & accelerate sustainability initiatives worldwide.

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Tesla CEO Elon Musk backtracks as he says they will no longer accept bitcoin to purchase its vehicles, citing concerns about the environmental impact of the cryptocurrency.

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Centre Consortium announced an upgrade to the USDC protocol & smart contracts on ETH blockchain. USDC V2.1 auto-prevents users from sending USDC to smart contracts. Also in V2.1, a retrieval service for USDC mistakenly sent to the Ethereum smart contract address was announced.

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Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra. Which side are you on? https://t.co/JrbpLdAJ9R