Bitcoin wobbles as Trump delivers pro-crypto conference speech
The 45th president of the United States caused some minor ripples throughout the cryptocurrency market with his speech at Bitcoin 2024.
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Ethereum hash rate scores new ATH as PoS migration underway
The hash rate surpassed 1.11 PH/s for the first time ever, breaking the previous high of 1.08 PH/s set on Jan. 13. 44 Total views 2 Total shares Over the previous year, Ether (ETH) has increased in value to the point that it significantly outperformed Bitcoin (BTC) in terms of returns. The rise of Ethereum…
US Blockchain Investor Terpin Awarded Over $75 Million in SIM Swapping Case
United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10.Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and punitive…
Crypto mining needs to be redefined before simply casting it away
Blockchain mining networks are often victims of their success. The two contemporary realities that demarcate the mining landscape and cause blockchains to fall short of what they promise are 1) the ongoing technological arms race driven by inherent competitive greed; and 2) the rising energy costs associated with proof-of-work (PoW) mining. Blockchains built on the…
What bear market? Consumer confidence higher among crypto owners than normies
The research firm said that the discrepancy is partially explained by the fact that the average crypto owner is “more likely to be wealthier, younger and male” than the average U.S. adult. 250 Total views 4 Total shares Consumer confidence is considerably higher among crypto owners than the average American adult, with crypto owners sitting…
No, Bitcoin is not in its ‘longest ever bear market’ — Here’s why
Cryptocurrencies like Bitcoin (BTC) are not in their “longest ever bear market” and probably are not even in a bear market at all, according to some industry observers.MN Trading founder Michaël van de Poppe took to X (formerly Twitter) on Aug. 27 to claim that Bitcoin is currently in its “longest bear market” in history.“Right
Today’s Cryptocurrency Trusts and Hedge Funds Amid Financial Crisis
On July 22, 2020, the United States Office of the Comptroller of the Currency published a letter clarifying that national banks and federal savings associations can indeed take custody of cryptocurrency assets. In the letter, Bitcoin was also acknowledged as “the first widely-adopted cryptocurrency.” On the same date, VISA, one of the largest payment companies with…
Curve Finance's Michael Egorov says $10M in bad debt fully paid
The founder reassured the Curve community that he was "committed to building Curve more than ever," following a hack attempt.
Price analysis 2/23: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT
Bitcoin (BTC) and several altcoins have bounced off their immediate support levels after buyers attempted to arrest the current decline. Bloomberg Senior Commodity Strategist Mike McGlone highlighted in a recent Tweet that Bitcoin was trading roughly 20% below its 50-week moving average and such discounted levels have “often resulted in good price support.”The bearish price…