Coinbase Crashed, Bitcoin Nears ATH

El Salvador Up 40% On Bitcoin Bet, Gemini To Pay Back $1.1B To Customers, Telegram Utilizes TON For Revenue Sharing

Welcome to Coinfeeds Daily Digest! Today we cover Coinbase experiencing a major disruption of its platform services where some users' balances showed zeroes and other kinds of issues arose, which CEO Brian Armstrong said was due to a large surge of traffic amid Bitcoin's surge. Speaking of, Bitcoin broke $61,000 again, nearing its all-time high of $68,991. This brings El Salvador's 2,381 Bitcoin bet to being up by 40% and holdings amounting to over $147 million. We also cover Telegram announcing that the chat app will be sharing 50% of ad revenue with content creators (channel owners), and doing it through the TON blockchain. VanEck is unveiling a self-custody NFT marketplace with a digital asset management system based on their new asset-sharing model called Lock & Key Model, and Gemini is set to repay its customers $1.1 billion following a settlement with the NYDFS regarding their Earn program.

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Coinbase Platform Crashed Amid Bitcoin Surge

Coinbase, one of the leading Bitcoin exchanges, faced a significant service disruption. This incident occurred as Bitcoin experienced a notable surge in value, potentially aiming to surpass its all-time high. Brian Armstrong, CEO of Coinbase, attributed the crash to a large surge of traffic, highlighting the challenges that come with managing platforms in the volatile cryptocurrency market. | Read More

Bitcoin Breaks $61K, Approaching New All-Time High

The digital currency has not only surpassed the $60,000 threshold but is now inching closer to setting a new all-time high, with its value hovering just below $61,000. This surge represents a significant leap from its previous positions, bringing it within a striking distance of less than $9,000 from an unprecedented peak. It's now only 2% away from the highest monthly close in its history. | Read More

Telegram to Share 50% of Ad Revenue with Creators Via TON Blockchain

Telegram has announced a new strategy to share 50% of advertisement revenue with its channel owners — content creators. This innovative approach, set to commence in March, leverages the TON blockchain to process payments, marking a pivotal shift in how creators are compensated on the platform. It not only promises to enhance their earning potential but also signifies Telegram's commitment to monetizing its platform in a way that respects user privacy. | Read More

Gemini To Return $1.1 Billion To Customers

The settlement between Gemini and NYDFS is a multifaceted agreement designed to compensate affected customers and ensure compliance with regulatory standards. Under the terms of the settlement, Gemini will pay $1.1 billion to its Earn customers, who were left in limbo after Genesis Global Capital suspended customer withdrawals. | Read More

VanEck Launches SegMint Self-Custody NFT Marketplace

VanEck, a renowned global investment manager, has recently unveiled SegMint, a cutting-edge platform that merges the functionalities of an NFT marketplace with a digital assets management system. SegMint is not just another NFT marketplace; it is a comprehensive self-custody digital assets platform that brings a novel 'Lock & Key Model' to the forefront. | Read More

El Salvador's Bitcoin Bet Now Up By 40%

El Salvador's foray into Bitcoin began with the acquisition of 2,381 bitcoins at an average price of $44,292. This strategic investment has now ballooned to a worth of more than $147 million — a soar of over 40%, which is a development that has sparked a mix of admiration and skepticism among observers. | Read More