A New Bitcoin Mining Calculator Aims to Tell ‘Truth’ on Profitability
A new type of profitability calculator has been released – and it brings bad news for many miners.
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Sam Bankman-Fried Started Buying Solana’s SOL at 20 Cents Using ‘Alameda Profits,’ He Says at His Trial
Sam Bankman-Fried once infamously offered to buy all the Solana tokens he could for $3 each. On Friday, while testifying at his criminal trial, he revealed he'd actually started buying SOL much earlier in its history, at 20 cents apiece.Regarding how he paid for the investments, he said during questioning from his lawyer: "I believed

Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year
news With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future. After all, experts have found the two assets to be inversely correlated. The 90-day correlation coefficient between bitcoin and gold – a statistical measure of linear interdependence between the two variables –…

Bitcoin Cash Miners Undo Attacker’s Transactions With ‘51% Attack’
news Two bitcoin cash (BCH) mining pools recently carried out what is known as a 51 percent attack on the blockchain in an apparent effort to reverse another miner’s transactions. The move is tied to the bitcoin cash network hard fork that occurred on May 15. The two mining pools — BTC.com and BTC.top — carried…

First Mover Americas: Bitcoin Tumbles Below $26.5K
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Bitcoin (BTC) has dropped 7% over the past 24 hours, plunging to levels not seen since June as the digital-asset market witnessed one of the worst sell-offs this…

Sexual Assault Survivor Uses Crypto to Crowdfund Anonymously
A new use case is emerging for cryptocurrency: helping women who've suffered sexual harassment or assault gain financial independence while also protecting their privacy. Case in point, a sexual assault survivor used the crypto-powered payment processor Seeds to crowdfund $500 in September after the trauma left her unable to work for several months. Had she…

Bitcoin and Ether Rally After Grayscale’s ETH Trust Becomes SEC-Reporting
Oct 12, 2020 at 14:59 UTCUpdated Oct 12, 2020 at 15:12 UTCGrayscale Managing Director Michael Sonnenshein (CoinDesk archives)Bitcoin and Ether Rally After Grayscale’s ETH Trust Becomes SEC-ReportingBitcoin (BTC) advanced to fresh two-month highs on Monday while ether (ETH) clocked three-week highs after Grayscale reported that its Ethereum Trust has become an SEC reporting company.BTC, the…

BIS Paper Makes Case for ‘Embedded’ Regulation in Blockchain Markets
news Research from the Bank for International Settlements (BIS), often dubbed the “bank for central banks,” has come out in favor of building regulation into blockchain-based financial markets. A working paper authored by Raphael Auer, a BIS economist, suggests that blockchain and digital ledger tech (DLT), alongside asset tokenization, bring new ways for watchdogs to monitor…

Afghanistan Approves Blockchain Project to Help Tackle Scourge of Counterfeit Meds
Jul 6, 2020 at 10:00 UTCUpdated Jul 6, 2020 at 10:05 UTCShopping street in Kabul, Afghanistan (Jono Photography/Shutterstock)Blockchain startup Fantom has been given the green light to start tracking medicinal drugs in Afghanistan to help stem the country’s counterfeiting problem. After a signing ceremony with the Afghan Ministry of Health and several pharmaceutical distributors last…