El Salvador’s lofty ambition to lead the world in Bitcoin adoption may require more than the re-election of its Bitcoin-loving President Nayib Bukele, according to merchants and Bitcoin enthusiasts on the ground. Bukele, who served as president between June 2019 and December 2023, was the driver behind making Bitcoin legal tender in El Salvador in September 2021….

The CEO of crypto exchange Bitsonic has reportedly been sentenced to seven years in prison, while the firm’s technology chief was sentenced to one year in jail for stealing $7.5 million (10 billion South Korean Won) worth of customer deposits. On Feb. 6, South Korean media outlet Yonhap News reported a Seoul District Court sentenced CEO Jinwook…

Crypto investors made nearly $900 in net gains on average from selling crypto in 2023, a “stark contrast” from 2022, which saw billions wiped from investors amid several crypto firms’ collapses, according to data from crypto tax software provider CoinLedger. CoinLedger analyzed 500,000 of its users’ reporting and found the average crypto investor took home…

Investors a started to move from gold to Bitcoin (BTC) after the launch of spot Bitcoin exchange-traded funds (ETFs), according to the CEO of ARK Invest. “Relative to gold, Bitcoin has been rising. There’s now a substitution into Bitcoin and we think that is going to continue now that there is a less friction-filled way to access…

Ethereum co-founder Vitalik Buterin and the Ethereum Foundation are considering at least five ways to reduce Ethereum’s maximum block size in hopes to optimize the blockchain for the “rollup-centric roadmap.” On Feb. 5, Buterin and Ethereum Foundation researcher Toni Wahrstätter said that with the focus on rollups in the medium and long term, it is argued that…

Ethereum-based liquid restaking protocol Eigenlayer’s total-value locked (TVL) hassurged by a staggering $1 billion in just eight hours after the protocol temporarily removed its staking cap. On Feb. 5, EigenLayer announced that it would temporarily raise its 200,000 Ether per protocol staking cap until Feb. 9 in a bid to “invite organic demand” to the network….