Ex-Bitfarms interim CEO steps down amid board shakeup

Although long-term coin selling saw a marked increase last week, HODLing is still the preferred strategy as more of the short-term supply is becoming long-term supply. 429 Total views 4 Total shares Over the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains…

Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million deposits to Bithumb have been spotted in the last three days alone.By volume, South Korea has a much smaller cryptocurrency exchange market compared to the United States. Yet, South Korea’s cryptocurrency exchanges…

United States derivative market CME Group has reported a 17% fall in net income for the first quarter, according to a news release on May 1.Despite revenues rising over the three-month period, earnings stood at $497 million, compared with $599 million this time a year ago.CME Group chairman and chief executive Terry Duffy said the results amounted…

Continuing congestion on the Ethereum (ETH) network has led some developers and community members to call for increasing the gas limit, which defines its transaction throughput.Data from Etherscan shows that the average gas price rose more than three-fold since early May, with an average of about 30 Gwei in the last few days. Source: Etherscan.ioAccording to…

Users can choose to complete quest-like directives to receive Airheads or outright purchase the inscribed art through a “Whale Pass.”

Last week, A16z reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for Web3 seed investments. 261 Total views 16 Total shares A16z, a VC company with investments in Protocol Labs, Polychain Capital and Opensea among others, is now planning to raise $4.5 billion for its latest…

Launched in April 2020, Stacked is a web-based app allowing users to access trading strategies via pre-built stacks. 148 Total views 24 Total shares Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked.On Dec. 9, the startup officially announced…

United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture Committee in April, the new…