Bitcoin mining expenses surge 168% amid capacity growth
BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving.
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Australian regulator issues warning about unlicensed crypto businesses
Based on the reports from Aussie investors, ASIC said that citizens have suffered significant losses due to “excessive leverage, platform outages, or unfair liquidations.” 451 Total views 6 Total shares As crypto breaches mainstream finance, authorities have started issuing warnings to citizens against unregistered crypto businesses. Joining this list today is the Australian Securities and Investments…
Binance Reportedly Trades Crypto in China Despite Ban, Says It Runs ‘Test Site’
Top crypto exchange, Binance, seems to be providing trading services for mainland Chinese customers despite the local ban, a report published yesterday by China National Radio, or CNR, alleges.According to CNR, Binance CEO Changpeng Zhao, also known as CZ, has been promoting a website called “binancezh.com” on his Weibo page.Originally founded in China a few…
Korea’s LG Launches Blockchain Supply Chain Platform For School Lunches
LG CNS, a subsidiary of South Korean multinational conglomerate LG Corp., will apply blockchain to foster supply chain transparency for school cafeteria lunches. The news was reported by business technology site ZDNet on July 9.The new system — created in collaboration with local IT service provider SayIT — will be based on LG’s proprietary blockchain…
Bitcoin price peels back from its weekly high, but BTC derivatives markets look good
Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish.
‘Can it get any easier?’ Bitcoin whales dictate when to buy and sell BTC
Whale buying and selling has effectively told traders how to position their bids and asks, data reveals. 408 Total views 5 Total shares Bitcoin (BTC) left both long and short traders behind in May and June, but data suggests trading it may be “easier” than many imagine.According to on-chain analytics resource Whalemap, Bitcoin whales have…
Life beyond Ethereum: What layer-one blockchains are bringing to DeFi
Issues with Ethereum congestion and high fees have led to many companies adopting layer-one solutions like Optimistic Rollups, OMG Network and many others. These platforms allow transactions to be created outside of the Ethereum network on what are known as “sidechains,” which then can be reconciled on the main Ethereum network in one simple transaction.These…
Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short
A Yam Finance code flaw saw the project ask investors to pledge to save the platform. Not enough have. 1661 Total views 14 Total shares The future of the Yam Finance yield farming protocol hangs in the balance as it awaits token deposits for a governance vote that could save the project.With less than five…
Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.”