Top 10 Trending Crypto Coins of The Day

  1. Bittensor: Market Cap of $1.2 Billion.
  2. Zano: Market Cap of $24 Million.
  3. Sei: Market Cap of $250 Million.
  4. Kaspa: Market Cap of $2.8 Billion.
  5. Botto: Market Cap of $16 Million.
  6. yearn.finance: Market Cap of $302 Million.
  7. Celestia: Market Cap of $939 Million.
  8. Taraxa: Market Cap of $71 Million.
  9. inSure DeFi: Market Cap of $134 Million.
  10. Solana: Market Cap of $24 Billion.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Web3 Watch: Nouns DAO-funded movie releases second installment

The second installment of The Rise of Blus, an animated movie being funded in chunks by the Nouns DAO, released Wednesday. 

Produced by crypto-native animation studio Atrium, the movie’s $3 million budget is contingent on a string of governance proposals passing. In contrast to the film industry’s black box status quo, the studio’s founder Supriyo Roy periodically publishes on-chain updates regarding the film’s progress and how funds are being spent. Scripts have also been made public ahead of the releases. 

Several of the movie’s producers worked on Spider-Man: Into the Spider-Verse, Roy told Blockworks, giving the Nouns movie’s animation a similar flavor to the Marvel…

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Smart City Project | Lightning Network

Written by Niza González and Ryan Dixon. Edited by James Forster.

The Emergence of Bitcoin Lightning Network and The Smart City Projects

With the rising popularity of Bitcoin throughout the years, the original network has recently upgraded its scalability to improve its everyday transactions. This upgrade is the Bitcoin Lightning Network (LN), which emerged as a second-layer protocol built on the Bitcoin blockchain.

This innovative solution improves scalability and transactions throughput, enabling fast, low-cost, and scalable transactions, making it suitable for microtransactions and everyday payments. By establishing direct payment channels between users, LN enables…

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German Lawmaker Joana Cotar Slams CBDC, Seeks Bitcoin Legal Tender

German lawmaker Joana Cotar, currently a member of the Bundestag, the German federal parliament, remains a big critic of Central Bank Digital Currencies (CBDC). She has slammed the digital euro over privacy concerns while advocating for making Bitcoin a legal tender in Germany. 

Cotar has criticized the debut of the digital euro due to centralization, privacy, and increased control over financial institutions’ data. The lawmaker has highlighted the complexities and controversies surrounding the adoption of a Central Bank Digital Currency in Europe. As per a report from Forbes, the German politician has shown her support for making bitcoin legal tender in Germany.

Related…

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Tether Bitcoin Mining | $500 Million Investment

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For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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Former Bithumb Chairman faces eight-year imprisonment

Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might be facing an eight-year prison sentence in the appeal whose verdict is scheduled for Jan. 18.

According to Korean local media reports, prosecutors contend that Lee intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. They claim Lee knew about challenges in the BXA Coin listing but didn’t disclose it to Kim. Despite listing issues, Lee purportedly received payments without informing Kim about the decision not to list BXA Coin.

The South Korean prosecutors requested an eight-year prison…

Read more on Cointelegraph

Altman’s removal triggers co-founder Brockman’s exit

The internal discord at OpenAI appears to be escalating rapidly, with the removal of Sam Altman announced by the company, citing a confidence deficit. Shortly thereafter, Greg Brockman, co-founder, and president of OpenAI, revealed his exit from the organization.

Greg Brockman, expressing pride in the collective achievements since the company’s inception, announced his resignation, citing the recent developments as the reason. In a statement on the X platform (formerly Twitter), Greg Brockman said,

“I take immense pride in what we’ve collectively achieved since our humble beginnings in my apartment eight years ago. Despite facing numerous challenges, we’ve accomplished a great… Read more on Cointelegraph

LATEST: Asset Management Giant Fidelity Follows BlackRock in Pursuit of Ethereum ETF Approval

Fidelity, a renowned asset management firm overseeing $4.5 trillion in assets, has submitted an application for an Ethereum exchange-traded fund (ETF) just days after BlackRock filed for the iShares Ethereum Trust. In their filing with the SEC, Fidelity aims to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange, addressing the lack of a low-risk avenue for US investors to gain exposure to ETH. Fidelity joins a growing list of firms seeking approval for an Ether ETF, including VanEck, 21Shares & ARK, Hashdex, Grayscale, and Invesco & Galaxy.

Cybersecurity expert backs Sen. Warren’s crypto bill in senate hearing

Senator Elizabeth Warren has emphasized the risks of cryptocurrency scams targeting senior citizens in the U.S., with the support of a cybersecurity expert supporting her legislation on digital assets to prevent future scams.

In a recent senate hearing, Warren outlined the significant increase in crypto scams being targeted towards elderly citizens of the U.S:

“Last year, we saw a 350% increase in crypto investment scams targeting seniors. That is the biggest spike among all age groups. That added up to more than $1 billion that seniors lost in crypto scams.”

Meanwhile, during the hearing, Steve Weisman, a recognized expert on scams and cybersecurity as described by Warren, highlighted that…

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