With the fourth Bitcoin halving just around the corner, miners are experiencing heightened levels of activity on the largest blockchain network. Recently, the Bitcoin mining difficulty metric surged by more than 8%, reaching a new record high. The mining difficulty, a critical feature of the BTC blockchain, undergoes readjustments every 2,016 blocks based on the
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XRP, the native cryptocurrency of Ripple, has seen a notable increase in price over the past 24 hours, reaching above $0.57. However, this surge was short-lived as the bulls failed to sustain the pressure, causing the price to drop back to around $0.56. Despite the volatility, XRP has experienced a rise of over 10% since
Tron founder Justin Sun has recently unveiled an ambitious Bitcoin Layer 2 roadmap that aims to enhance the scalability, speed, and security of the Bitcoin network. This initiative seeks to inject funds into the BTC network and promote seamless interactions and interoperability between TRON and Bitcoin. Sun has outlined three roadmaps for TRON’s Bitcoin Layer
Genesis Global, a leading digital currency firm, has been granted approval by the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust (GBTC), with an estimated value of $1.3 billion. The decision was made by U.S. Bankruptcy Judge Sean Lane during a court hearing held in White Plains, New York. This significant
In a recent social media post, Hayden Adams, the founder of Uniswap, alerted the crypto community about a growing wave of scams that are specifically targeting users through deceptive user interfaces (UIs) in crypto wallets. This warning sheds light on how scammers are exploiting fake clones of Ethereum Name Service (ENS) domains to deceive users
In the ongoing court battle between Changpeng Zhao (CZ) and the United States government, the verdict has been delayed. This delay was announced in a notice filed in a Seattle court, prolonging CZ’s wait for his sentencing. Despite pleading guilty to violations of AML procedures, CZ was allowed to remain out of custody until his
After a prolonged period of contemplation, the lawyers representing FTX, the now-defunct exchange, have made the decision to abandon the idea of restarting the company. Instead, FTX will dissolve once all outstanding debts have been settled. This sudden change in plans was recently announced by Andrew Dietrich, one of the legal representatives for FTX. Although
Bitcoin, the world’s leading cryptocurrency, has reached a new monthly peak at $48,600. After a period of consolidation, where the price remained stagnant at around $43,000, the bulls took control of the market and initiated a series of rallies. Bitcoin witnessed a gradual climb, breaching the $47,000 mark by the end of the week. However,
Chinese Bitcoin miners have shifted their focus to Ethiopia as they seek affordable energy and favorable climates. This strategic move comes after facing regulatory restrictions in China, prompting these miners to explore locations that offer low-cost electricity and friendly regulations. Ethiopia presents a unique opportunity for Chinese Bitcoin miners due to its extremely low electricity
In the ever-volatile world of cryptocurrency, Bitcoin continues to amaze with its positive price performance. Over the past 24 hours, the flagship cryptocurrency has surged above $48,000, reaching a new monthly peak. This is a significant milestone for Bitcoin, as it indicates a renewed bullish sentiment in the market. The week started on a positive
Bitcoin experienced a significant breakthrough on February 9th as it surged past the $46,000 mark. This breakthrough came after overcoming a major resistance level at $44,000, which had been impeding price increases ever since the introduction of spot Bitcoin ETFs in the United States four weeks earlier. The leading cryptocurrency reached its highest point in
Cardano (ADA) has recently experienced a surge in trading activity, with a notable increase of over 7% on Thursday. The blue-chip coin is currently being exchanged at $0.53. This upward movement comes after a tumultuous period of price action in January, where the coin faced significant volatility. Among the factors that could potentially determine ADA’s
Cardano’s price has been experiencing some intriguing developments recently. The fluctuations in price and market volume have caught the attention of investors and traders alike. In this article, we will delve into the technical signals, price patterns, and market predictions surrounding Cardano (ADA). Flashing Technical Signals One of the notable technical signals on Cardano’s chart
Chainlink’s LINK token has experienced a significant surge in value since late January, reaching a 24-month peak and achieving a market cap of $10 billion. This recent surge has been attributed to various factors, including the accumulation of tokens by crypto whales and increased activity in the derivatives market. In recent days, crypto whales have
Dogecoin, the original meme coin, has encountered significant resistance at the $0.08 level, even after a temporary upward breakout. Unlike other cryptocurrencies in the market, Dogecoin’s trajectory hasn’t followed the same path. However, this hasn’t deterred the network from experiencing growth across various metrics. Although Dogecoin’s value has declined by 23% since its local peak
Crypto analyst Michaël van de Poppe believes that altcoin season is currently underway. With his extensive following of nearly 700K on X, he suggests that there are only three months left to make entries at value. According to van de Poppe, the period before Bitcoin halving, which is now taking place, is the optimal time
Colin Murphy, a close associate of Aiden Pleterski, also known as Canada’s “Crypto King,” was recently handed a 5-month prison sentence for contempt of court. Ontario Superior Court Justice Hugh O’Connell found Murphy guilty of refusing to surrender his iPhone and deleting its data during a search warrant. This article critically examines the case and
In the age of digital manipulation and advanced artificial intelligence, the rise of deepfakes has become a pressing concern. A recent incident involving Australian mining magnate Andrew “Twiggy” Forrest underscores the detrimental impact of these doctored videos. With each deceptive advertisement, trust in the media is further eroded, leaving unsuspecting individuals vulnerable to scams. This
Meta’s metaverse unit, Reality Labs, has reported its most successful quarter to date, generating over $1 billion in revenue during the last quarter of 2023. This achievement can be attributed to the strong sales of Meta’s Quest headsets and Ray-Ban Meta smart glasses. However, despite this impressive revenue, the division is still facing significant financial
The crypto sphere was abuzz with excitement as spot Bitcoin exchange-traded funds (ETFs) gained the green light. It was expected that this development would lead to a bullish surge in the market. However, contrary to expectations, Bitcoin prices took a downturn following the trading debut of eight of these ETFs. Hovering below $43,000, Bitcoin has
DeFi regulation has long been a contentious issue for regulators worldwide. However, a recent paper authored by Rebecca Rettig, Katja Gilman, and Michael Mosier proposes an innovative strategy to classify truly decentralized DeFi protocols as critical infrastructure. This paradigm shift would place DeFi under the supervision of the US Treasury’s Office of Cybersecurity and Critical
The world of cryptocurrencies continues to evolve and gain attention from various individuals, including well-known figures like Mark Cuban. In a recent spontaneous Ask Me Anything (AMA) session on X, Cuban shared his insights on a range of crypto-related topics, providing valuable information for enthusiasts and investors. This critical analysis aims to explore Cuban’s comments
The recent surge of spot Bitcoin exchange-traded funds (ETFs) has not gone unnoticed in Hong Kong. Harvest Fund Management, a prominent financial entity in the city, has joined the race by applying for its own spot Bitcoin ETF with local regulators. This move aligns with Hong Kong’s growing preparations for the introduction of spot crypto
The United States Financial Industry Regulatory Authority (FINRA) recently unveiled shocking statistics on the state of retail communications in the cryptocurrency industry. According to an official report, an astounding 70% of retail communications violate FINRA’s rule on misleading claims. These communications failed to provide investors with accurate and comprehensive information, leaving them vulnerable to making
In today’s digital landscape, scams and exploitations have become all too common. Even companies that specialize in security, such as CertiK, are not immune to these threats. CertiK, a renowned security firm focused on blockchain, smart contract, and Web3 security, is facing a myriad of challenges beyond its core focus of auditing. Scammers have specifically
In a shocking turn of events, Mark Scott, a former partner at a prestigious U.S. law firm, Locke Lord, has been sentenced to 10 years in prison for his role in a massive $400 million cryptocurrency scheme. Manhattan federal prosecutors revealed that Scott was found guilty of conspiracy to commit money laundering and conspiracy to
Last month, Changpeng Zhao (CZ), the founder of the popular cryptocurrency exchange Binance, faced a setback when a federal judge denied his request to travel to the United Arab Emirates (UAE). This decision came after CZ proposed using his substantial $4.5 billion stake in Binance as collateral, based on the company’s valuation from its last