California’s Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles using the Avalanche (AVAX) network. This collaboration with software development firm Oxhead Alpha aims to streamline the state’s title transfer process. The upcoming mobile application will allow users to easily claim their digital titles without the
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The recent charges filed by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) against Nader Al-Naji have shed light on a multi-million-dollar fraudulent scheme involving BitClout, a social media platform, and its native token BTCLT. According to the SEC complaint, Al-Naji managed to raise an astonishing $257 million through unregistered
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Recently, on-chain sleuth ZachXBT made a significant discovery linking convicted UK hacker Gurvinder Bhangu, also known as Gurv, to the hacking incidents involving American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These hacks resulted in over $530,000 being stolen through Solana meme coin scams. On July 2nd, Sydney Sweeney fell victim to a
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John is a dedicated writer with a strong passion for the cryptocurrency industry. Despite not initially choosing this path, he has become deeply engrossed in the world of digital assets for over two years. His commitment to unraveling the complexities of blockchain technology and sharing insights on the latest trends in cryptocurrencies is unparalleled. John
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Bitcoin miners are currently experiencing a rise in profitability and an uptick in hashrate following the recent rally of Bitcoin to the $69,000 range. The recovery of the hashrate by 6% to 604 EH/s is a positive sign for the network, indicating potential stability and strength in the market. Additionally, the Miner Profit/Loss Sustainability metric
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The recent economic uncertainty in the United States has sent shockwaves through the cryptocurrency market, causing significant price drops in major digital assets. Bitcoin, the leading cryptocurrency, saw a sharp decline to $60,500, marking its lowest price point in almost three weeks. The altcoin market fared even worse, with coins like SOL, TON, and UNI
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Bitfarms, a Bitcoin mining company based in Toronto, recently reported a significant increase in its operational hash rate. By the end of July, the company’s hash rate had reached 11.1 EH/s, representing a 109% year-over-year increase and a 7% rise month-over-month. The average hash rate for the month was 10.3 EH/s, showing a substantial 36%
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The real identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin, has baffled the world for over a decade. Despite numerous theories and speculations, the true identity of this individual remains shrouded in mystery. One prominent figure, software developer Craig Wright, has boldly claimed to be the mastermind behind Bitcoin. However, another theory put forth
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In a bid to attract more investors, Futu Securities International, the largest online broker in Hong Kong, has recently introduced retail cryptocurrency trading in the city-state. This strategic move has piqued the interest of residents in Hong Kong who can now trade in popular cryptocurrencies such as bitcoin and ether on the brokerage platform using
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In recent days, Ripple’s XRP has experienced a significant price drop from $0.66 to around $0.56. This represents a 7% decrease on a daily scale and a 14% decline since its recent peak. Analysts have pointed out a bearish pattern that suggests a further downtrend in the price of XRP. Veteran trader Peter Brandt has
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Solana has recently made headlines in the world of decentralized exchanges (DEX) by surpassing Ethereum in monthly DEX volume for the month of July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking a significant milestone for the network. This surge in volume is attributed to the increasing activity on Solana’s platforms such
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Recently, crypto researcher Molly White raised allegations against popular crypto exchange Coinbase regarding a $25 million donation to Fairshake, a crypto Super Political Action Committee (PAC). White suggested that this donation might have violated campaign finance laws due to the timing of the contribution in relation to Coinbase’s negotiations for a federal government contract with
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The journey of Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, began in 2014 when he was approached by Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite facing initial skepticism and resistance from authorities, Garcia and his team persisted and successfully developed a comprehensive
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The decentralized finance (DeFi) sector is currently experiencing a notable resurgence, with key metrics such as active loans and total value locked (TVL) showing significant growth from their 2023 lows. DeFi lending, which allows investors to lend their crypto holdings in exchange for interest, plays a crucial role in indicating DeFi participation and overall market
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Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter, exceeding market expectations. This significant figure represents a substantial increase from the $674.1 million in total income reported during the same period last year. Furthermore, the company managed to achieve a net income of $36 million for the quarter,
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Bitwise CIO Matt Hougan’s recent call to crypto investors to reconsider Bitcoin’s potential upside comes at a crucial time in the market. While many have been focused on the downside risks, Hougan believes that the recent developments at the Bitcoin2024 conference indicate that the market is “not bullish enough” about the flagship cryptocurrency. The Bitcoin2024
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