On Thursday around 4 p.m. (ET), the Ethereum blockchain encountered a temporary halt in processing ETH transactions and achieving consensus for approximately 25 minutes. The halt was noticed by Ansgar Dietrichs, a researcher at the Ethereum Foundation. He stated that the beacon chain had a brief period of non-finalization but the robustness of the chain
Bitcoin
Recent data has shown that liquid staking protocols are continuing to grow, with top decentralized finance (defi) protocols recording an additional 441,110 ethereum (ETH) in just 12 days. As of May 12, 2023, the total value locked (TVL) in liquid staking derivatives (LSDs) stands at 8,872,715 ether, equivalent to $16.101 billion. This marks a significant
On Thursday, May 11, 2023, a dormant Bitcoin wallet created on June 19, 2011, transferred 139.7 BTC, worth $3.7 million at the time of transfer. Btcparser.com flagged this activity which occurred at block height 789,291 at 8:14 p.m. (UTC). This is the latest in a series of transactions from inactive 2010 and 2011 wallets, which
Beth Hammack, co-head of Goldman Sachs’ Global Financing Group within the Investment Banking Division, has warned of the risks associated with the U.S. defaulting on its debt obligations. Hammack spoke out on Bloomberg Television, highlighting that international investors are perplexed by the U.S.’s unwillingness to pay its bills. She stated that the current situation is
Bitcoin has been struggling to keep up with the demand for block space, resulting in a queue of unconfirmed transactions in the mempool. Just a few days ago, the mempool hit an all-time high with over 500,000 unconfirmed transactions waiting to be processed. This surge in demand is due to the recent craze for digital
Sovereignty refers to a country’s ability to govern itself independently, including regulating and controlling activities within its borders, such as those of cryptocurrency companies. Cryptocurrency companies face varying levels of regulatory frameworks worldwide, with some countries offering favorable conditions and others imposing stricter regulations or bans that limit operations and innovation. Sovereignty is the only
The latest nonfarm payrolls report has caused Bitcoin (BTC) to move lower at the start of the week. The report revealed that the number of jobs added to the US economy is higher than expected, justifying the Federal Reserve’s decision to increase interest rates by 0.25%. As a result, BTC/USD fell to an intraday low
The cryptocurrency XRP, previously known as Ripple, experienced a 5% decrease in value on Monday. The global market cap also slipped by over 3% during the day. XRP/USD dropped to its intraday low of $0.4333 at the start of the week, less than 24 hours after reaching a high of $0.4606. This decline caused XRP
Bolivia has passed a new law allowing the government to sell up to 50% of its gold reserves in dollars. This move is aimed at easing the internal scarcity of dollars in the country. The law gives faculties to the government to negotiate the sale of 22 tons of gold out of the almost 44
According to Intelion Data Systems, a major Russian importer and distributor of mining hardware, Russia has the chance to increase its leadership in the field of crypto mining, against the backdrop of negative developments for the industry elsewhere. The company believes that the country’s share in the Bitcoin hashrate could potentially reach 18%, which will
Pepe the Frog meme coin, pepe (PEPE), has emerged as a new competitor in the meme token market. PEPE saw an impressive surge of 896% over the past week, making it the third-largest meme token, trailing only DOGE and SHIB. The token has been gaining momentum since its launch on April 14, 2023, and has
Kazakhstan’s State Revenue Committee of the Ministry of Finance announced that the country’s coffers have received 3.07 billion tenge (nearly $6.9 million) in tax payments from entities involved in digital currency minting in 2022. Since January 1, 2022, cryptocurrency miners in Kazakhstan have been required to pay taxes and fees. They have already transferred 240
A professor of peace and conflict research at Sweden’s Uppsala University, Ashok Swain, has stated that if Saudi Arabia joins the BRICS economic bloc, it could accelerate the use of the yuan as a trading currency. Professor Swain is the head of Uppsala University’s Department of Peace and Conflict Research and the UNESCO chair on
John Reed Stark, a former chief of the U.S. Securities and Exchange Commission (SEC) Office of Internet Enforcement, has refuted Coinbase’s claims of having a “regulatory safe harbor” and the notion that the SEC is constrained by a certain doctrine. Stark added that the argument that Coinbase’s business activities were endorsed by the SEC when
Stronghold Digital Mining, Inc. has announced a two-year hosting agreement with Cantaloupe Digital, a subsidiary of Canaan, the manufacturer of Avalon-made ASICs. Starting on May 15, Stronghold Digital will install Avalon A1246 mining rigs, each with 90 terahash per second (TH/s) of hashpower. The company plans to install 2,000 Avalon A1346 miners in June, with
Santiago Cafiero, the foreign minister of Argentina, recently spoke about the advantages that a common currency for Latin American countries would bring to the region and his own country. Although various proposals were discussed during a four-hour meeting between Brazilian President Luiz Inacio ‘Lula’ da Silva and Argentine President Alberto Fernandez, the idea of a
Iranian companies have been given permission to pay for imports using cryptocurrencies, the country’s Trade Promotion Organization (TPO) has confirmed. The head of the government body, Alireza Peymanpak, stated that the Central Bank of Iran (CBI) had authorized the use of digital coins for imported goods, with the final decision to be made by the
The White House’s Council of Economic Advisors has raised concerns about the impact of crypto asset mining on the environment, stating that it leads to negative spillovers on the environment, quality of life, and electricity grids in the United States. In response to these concerns, the Biden administration is proposing the Digital Asset Mining Energy
Bitcoin (BTC) experienced a rebound on Wednesday, with all eyes on the Federal Reserve rate decision. After reaching a low of $27,935.73 on Tuesday, BTC/USD surged to an intraday high of $28,881.30. This came after bitcoin rejected a breakout below its long-term floor at $27,600 earlier in the week. Momentum has shifted slightly higher, with
The Trust Wallet has been found to be a secure and reliable option for cryptocurrency users, according to recent research conducted by AX1. The researchers noted that the wallet uses strong encryption and multi-factor authentication to protect user data and prevent unauthorized access. Additionally, Trust Wallet has a track record of timely security updates and
The U.S. Federal Reserve has raised its benchmark interest rate again, citing modest economic expansion in the first quarter of the year. While unemployment has remained low, inflation continues to be a concern for the central bank. In its press release, the Federal Open Market Committee (FOMC) emphasized the soundness and resilience of the U.S.
Recently, the Bitcoin community has been buzzing with excitement around the introduction of the BRC20 token standard. This new standard, introduced by a pseudonymous developer named Domo in March, leverages the Ordinals protocol, allowing creators to easily mint fungible crypto assets onchain. To create a BRC20 coin, individuals simply need to encode a JSON data
The SportVerse is an exciting and innovative online play-to-earn game platform that has been developed for players who enjoy sports-related activities. Unlike other online games, The SportVerse offers a unique experience that is more than just competing against other players. It comprises of training, diverse events, social interaction, and supplementary goods and services. The Concept
Polygon (MATIC) experienced an upswing on Wednesday, as the token moved away from a recent point of support. After dropping to $0.954 on Tuesday, MATIC/USD rose to a high of $0.9925 earlier in the day. This caused the polygon to bounce back from a recent price floor of $0.950 after recently dropping to a multi-week
In a joint operation, officials from around the world have collaborated to bring down the DNM Monopoly Market, resulting in the arrest of 288 individuals throughout the investigation. The operation, named Spector, began in December 2021 when Monopoly was captured, leading to over 100 federal investigations and prosecutions within the United States. In January 2022,
The Central Bank of Russia (CBR) predicts that Russian banks will earn 1.9 trillion rubles (nearly $24 billion) by the end of 2023, according to Deputy Governor Olga Polyakova. This is comparable to the profit earned in 2021, marking a positive trend for the industry. The CBR’s baseline projections earlier this year estimated net profits