Governance
Top tech news stories today: March 11, 2024
Bitcoin briefly rises to record high over $70,000, Binance must face revived investor lawsuit in US over crypto losses and other tech news.
Headline
Bitcoin briefly rises to record high over $70,000, Binance must face revived investor lawsuit in US over crypto losses and other tech news.
Context
Discover what’s happening in the tech world, and uncover the stories behind the headlines. The leading cryptocurrency topped the $70,000 mark for the first time, boosted by investor demand for new U.S. spot exchange-traded crypto products and expectations for global interest rates to fall. It rose to as high as $70,105 before quickly dropping, and was last trading at $68,317.72. ( Reuters )
Evidence
Pending intelligence enrichment.
Analysis
A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world’s largest cryptocurrency exchange, of violating U.S. securities laws by selling unregistered tokens that lost much of their value. ( Reuters ) Ethereum co-founder Vitalik Buterin has proposed a hard fork strategy. This preemptive measure is designed to protect user funds in the event that quantum computers become capable of breaking current cryptographic defences. ( Blockchain News ) Larry Fink should be happy. The CEO of BlackRock has seen the Wall Street giant’s spot bitcoin exchange-traded fund cross $10 billion in flows since its January launch. However, Fink’s ultimate goal is “the tokenisation of every financial asset,” he said in January. ( DL News ) Solidify Audit, a prominent security firm specialising in blockchain technology has recently unveiled its adoption of a comprehensive multi-layered security approach. This strategic move aims to fortify the integrity and resilience of blockchain projects through a combination of automated analysis, manual review, and strict adherence to industry best practices. ( Cointrust )
Key Points
- 1. Bitcoin briefly rises to record high over $70,000
- 2. Binance must face revived investor lawsuit in US over crypto losses
- 3. Vitalik Buterin proposes a quantum-resistant hard fork for Ethereum
- 4. Larry Fink bets bitcoin ETFs are just the beginning as Wall Street eyes $10tn tokenisation play
- 5. Solidify Audit enhances blockchain security with multi-layered approach
Actions
Pending intelligence enrichment.
