Bitcoin miners see worst revenues in 11 months as difficulty climbs

Another week, another attempt to break higher meets resistance.Bitcoin (BTC) entered the week surging past $12,000 only to retrace below that key level as altcoins continue to rise and fall.At the same time, it appears Ethereum’s well-documented problems have caught up to it faster than the blockchain can confirm transactions right now.Cryptocurrency market weekly performance.…

Bitcoin price surpassed $20,000 with ease on its third retest, buoyed by a surge in buy volume. Following the breakout, analysts anticipate the dominant cryptocurrency to eventually rise to the mid-$30,000s. However, in the short term, the expectations of a pullback are growing.There are compelling arguments for both short-term bull and bear cases. Traders who…

Tezos’ 16th upgrade is now live on the mainnet, reducing block finality times to just 10 seconds. This improvement aims to enhance layer-2 scalability in the future.

Digital asset research firm Delphi Digital says that the macroeconomic landscape is creating the “perfect storm” to ignite Bitcoin price appreciation.Monetary easing, crypto peakingIn a fresh report cited by Forbes on August 1, the researchers isolate the dovish turn in global central banking policy as the stand-out factor likely to propel Bitcoin’s price skywards:“First, and…

There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a…

1. What is sharding? Sharding is a form of database partitioning, also known as horizontal partitioning. The process involves breaking up a very large database into smaller, more manageable segments, with the idea of improving performance and reducing the query response time. Sharding is not a new concept and has been around in traditional, centralized…

Sriram Krishnan said that “the world of social media is stuck in a different era, and things need to change.” 88 Total views 1 Total shares An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms. During a keynote speech…

Senator Scott Wiener defends California’s AI bill, SB 1047, against criticism from Nancy Pelosi and other policymakers, emphasizing the need for oversight beyond tech companies.

Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar. 55 Total views 1 Total shares The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.On…