Hashrate recovery reduces Bitcoin miners’ selling pressure in July
Miner revenues soar 50%, pushing Bitcoin hashrate higher and reducing selling pressure from miners’ reserves.
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Can the Optimism blockchain win the battle of the rollups?
Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these new applications a…
EU appoints major finserv firm to lead blockchain social media project
The initiative will assess 450 proposals aimed at boosting the integrity of social media posts with the help of blockchain technology over the next three years. 7741 Total views 19 Total shares The executive body of the European Union has appointed a major financial services firm to lead a three-year initiative aimed at boosting the…
Breaking: Paxos facing SEC lawsuit over Binance USD — Report
According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security. 1330 Total views 24 Total shares Own this piece of history Collect this article as an NFTThe United States Securities and Exchange Commission (SEC) has reportedly told stablecoin issuer Paxos Trust…
Bitmain S19 Antminers Sell Out, Won’t Ship Until May 11
The world’s largest manufacturer Bitcoin ASIC miners, Bitmain, has sold out its first round of domestic Antminer S19 sales within 24 hours of accepting orders.On March 23, Bitmain tweeted that it opened up its first phase of domestic sales for its long-await Antminer S19s — before selling out on the same day.Antminer S19s will ship…
Web3 adoption’s main issue: Seed phrases won’t work for 95% of mainstream users
Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.
Polish crypto exchange employee in induced coma after armed attack
On Jan. 22, an attacker shot two employees at a cryptocurrency and gold exchange in the Polish city of Olsztyn, escaping with over $120,000 in gold. 634 Total views 10 Total shares Polish police have detained a suspect in an armed attack on FlyingAtom, a cryptocurrency and gold exchange in the city of Olsztyn in…
Coinbase amasses a $4B war chest so it can outlast ‘crypto winter’
Strong revenues over the past two quarters from a large user base helped the exchange amass the funds. 621 Total views 6 Total shares Coinbase, the largest American cryptocurrency exchange, has stockpiled a war chest worth about $4 billion in cash in preparation for decreased crypto retail trading volumes and higher operating costs brought on…
Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai
The Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement. 105 Total views 1 Total shares The Dubai Virtual Assets Regulatory Authority (VARA) has issued a Virtual Asset Service Provider (VASP) license to the crypto wallet Backpack, resulting in the launch of Backpack