Bitcoin breaks 18-month hashrate uptrend. Are BTC miners capitulating?
Despite the drop in hash rate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000.
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FTX hacker is now the 35th largest holder of ETH
The exploiter's Ethereum haul is worth an estimated $288 million at current market prices. 689 Total views 5 Total shares The hacker that exploited the now-bankrupt FTX exchange last week made a tidy fortune that has propelled them to Ether (ETH) whale status.Just a day after the embattled FTX exchange filed for Chapter 11 bankruptcy,…

Avalanche growth sparks third-party cross-chain bridges
Avalanche blockchain launched its own official Ethereum bridge in 2021, but now a third-party cross-chain bridge claims to reduce transaction cost even further. 332 Total views 11 Total shares Avalanche (AVAX), a Layer-1 proof-of-stake (PoS) blockchain network, gets a new cross-chain bridge from Umbria Network to help traders transfer liquidity between Ethereum mainnet and the…

Silicon Valley Bank’s UK branch shut down by Bank of England
Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a "pivotal" role in supporting startups. 759 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K.…

Bitmart seeks restraining order to prevent hackers from selling fake BSV
The owner of crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling the fraud-begotten coins on the open market. 128 Total views 9 Total shares The owner of crypto exchange Bitmart has filed a bid for pre-arbitration injunctive relief to prevent Chinese hackers from making illicit transfers using…

Coinbase files brief in SEC Wahi case, says it doesn’t sell securities, but would like to
The crypto exchange says in its amicus brief that the accused inside traders can’t answer for its listing decisions in the current regulatory uncertainty. 202 Total views 1 Total shares Own this piece of history Collect this article as an NFTCryptocurrency exchange Coinbase filed an amicus brief in support of a motion to dismiss the…

How cryptocurrency could help tackle global income inequality
Over the past few decades, the inequality of wealth distribution globally has become all the starker.For example, as of 2022, the top 10% of Americans hold nearly 70% of US wealth. This means that 90% of the country only takes home 30% of the wealth. South Africa is another example, with the top 10% taking…

Bitcoin price nears $16K, but it’s Ethereum that may shine in November
The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the dominant cryptocurrency's rally, analysts are now looking toward Ether (ETH). The Ethereum blockchain's native token has seen heightened momentum in the past week. After underperforming against BTC in October, the probability of a new ETH rally is beginning to increase.There…

Bitcoin ‘real bull run’ out of reach as retail demand metric hits 3-year low
Retail investor interest in Bitcoin has declined to a three-year low, and Google search interest for Bitcoin is down 57% since BTC reached all-time highs in March.