Bitcoin hashrate drawdown reaches December 2022 levels
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.
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DeFi proved resilient during the March 2020 and May 2021 market crises
As if 2020 didn’t provide enough nail-biting moments, 2021 is shaping up to be quite an interesting year for cryptocurrency. With the price of Bitcoin (BTC) floating around the $35,000 mark, skeptics and pundits are flocking to the streets of social media to celebrate the long-awaited demise of the decentralized economy. Of course, they quite…
Decentralized design platform Moralis raises $13.4M in seed funding from EQT Ventures
The middleware DApp-building platform hopes to play a role in taking the sector mainstream. 503 Total views 6 Total shares Moralis, a platform that powers decentralized applications, or DApps, announced Thursday that it has received a $13.4-million investment from EQT ventures.The company said that it expects to use this seed capital for product development and corporate…
CBOE files to list Van Eck’s proposed Bitcoin ETF
CBOE is looking to re-enter the crypto sector, filing to list a Bitcoin ETF proposed by asset manager Van Eck. 2126 Total views 10 Total shares Globally leading exchange holding company, Chicago Board Options Exchange, or CBOE, has filed to list the Bitcoin exchange-traded fund proposed by asset manager, Van Eck.CBOE filed a Form 19b-4…
Shanghai Man: China’s version of McJob meme, eCNY airdrops, Canaan’s record revenue
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.Regulatory noiseIn this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section, so as not…
Bitcoin’s daily transactions reach new record high
The Bitcoin network surpassed 926,000 daily transactions, driven by a growing interest in Runes.
FTX deposits went to account controlled by Alameda for months, Yedidia testifies
Adam Yedidia, Sam Bankman-Fried’s college roommate and an early employee of FTX, continued his testimony on Oct. 5, the second day of former FTX CEO Bankman-Fried’s trial in New York. Yedidia was testifying for the prosecution with immunity.Under examination by Assistant U.S. Attorney Danielle Sassoon, Yedidia told the court that he started as a trader
State-backed digital currencies can disrupt financial systems: Report
While CBDCs could help central banks address the decline in cash payments, some risk factors remain. 3860 Total views 17 Total shares Central bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned.Fitch Ratings released a report on Monday entitled…
Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community
Leading Bitcoin Cash (BCH) personalities, including Bitmain CEO Jihan Wu and Bitcoin.com CEO Roger Ver, proposed on Jan. 22 an “infrastructure funding plan” that would see miners donate 12.5 percent of all block rewards to a Hong Kong entity. Many in the community turned harsh critics of the proposal.The fund would be used to promote…