China still controls 55% of Bitcoin hashrate despite crypto ban

One of the most outspoken critics of Bitcoin (BTC) has delivered mixed messages about its reliability as a financial asset. In comments to Forbes published on Dec. 10, Mark Cuban appeared to contradict himself on Bitcoin’s overall utility. When asked whether or not the cryptocurrency could become a “reliable financial instrument,” the Dallas Mavericks owner gave two…

The first Kusama parachain slot auction will now commence and is set to run for the next week. 2418 Total views 4 Total shares The Kusama council has passed Motion 310 confirming the start of the first slot auction on the Kusama network.According to details shared on the Polkadot governance platform Polkassembly, 13 out of…

Mining Ethereum (ETH) using a graphics processing unit (GPU) is no longer profitable, according to an analysis from U.S.-based global trading and technology firm Susquehanna. CNBC reported Nov. 13 on Susquehanna’s findings, which point to the protracted slump in crypto markets and declining network hashrates as reasons for the profit decrease.In Susquehanna’s analysis, profit per…

Solana’s price is up today as Jerome Powell delivers his most dovish outlook in years, raising bets on a 100% rate cut in September.

Zurich-based Dfinity Foundation has announced a fund worth CHF 200 million, or around $223 million, to support development on the Internet Computer — a blockchain-based decentralized network with wildly ambitious plans to one day “replace” much of the internet. The non-profit scientific research organization announced “The Developer Ecosystem Program” on May 26, and is now…

The Japanese central bank plans to make a decision on whether to issue a digital currency by 2026. 544 Total views 2 Total shares Despite Japan’s uncertainty on whether to issue a central bank digital currency (CBDC), the Bank of Japan (BoJ) continues experimenting with a potential digital yen.The Japanese central bank has started a…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by HitBTC.The short-term sentiment in the crypto community is one of uncertainty. Facebook’s Libra…

Even the harshest critics cannot deny the exponential growth opportunity for metaverse tokens. Not only are they not completely governed by the same forces behind popular cryptocurrencies, but as time progresses, it’s increasingly difficult to write off the metaverse as a mere ‘fad’ as investors begin to understand where the industry can genuinely lead. With…

“The government has brought the instant prosecution using ill-founded applications of criminal law to set precedent in the digital asset space,” said Nathaniel Chastain’s lawyers. 149 Total views 3 Total shares Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt…