Here’s what happened in crypto today

Crypto YouTuber Lark Davis is urging Ethereum’s to launch ETH 2.0 quickly, warning its devs must act soon to prevent rival networks from taking over amid high gas fees. 531 Total views 7 Total shares Prominent crypto influencer Lark Davis, or “The Crypto Lark,” has warned that Ethereum’s competitors will continue to syphon away users…

Bitcoin (BTC) mining behemoth Bitmain is now valued at $15 billion after closing a pre-Initial Public Offering (IPO) funding round with backing from high-profile investors, QQ News reported August 4. The fresh financing deal, which is said to have closed on Saturday, notably includes investments from Chinese tech conglomerate Tencent and Japan’s Softbank, another tech…

"We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016," said Norway's finance minister. 221 Total views 14 Total shares Trygve Slagsvold Vedum, the finance minister of Norway, has suggested the government abolish a scheme that allows crypto data centers to…

Bitcoin (BTC) hashrate has increased 33% in just two days while the price of Bitcoin trails behind.BTC price & hashrateBitcoin hashrate has exploded from 91,290,582 TH/s on April 4 to 121,029,181 TH/s on April 6. Historically, Bitcoin hashrate and price have exhibited a very close relationship, with a 0.77 correlation.This relationship makes sense considering that…

Another domino falls in crypto’s institutional takeover 2435 Total views 16 Total shares According to a report from Bloomberg news this morning, Morgan Stanley is the latest major financial institution to consider an investment in Bitcoin. Citing “people with knowledge of the matter,” the report says that Cointerpoint Global, a subsidiary of Morgan Stanley Investment Management…

In a significant development, Mt. Gox has transferred over 47,500 BTC to unknown addresses, significantly reducing its Bitcoin reserves.

The blockchain market in the automotive and aerospace fields will reach over $20 billion by 2029, according to a recent report from market research project Reportlinker published on June 13.The analysis projects that blockchain applications in the automotive and aerospace and aviation industries will grow at a compound annual growth rate of 60.35% between 2019…

Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved.Sonnenshein — managing director at the world’s largest digital asset manager, Grayscale Investments — made his remarks during an interview with CNBC on Nov. 20.Hedge funds after digital asset exposureEarlier…

"High, unpredictable fees can make crypto trading really dangerous for people who aren’t rich," said Senator Warren. 1417 Total views 25 Total shares Democratic Senator Elizabeth Warren, known by many as an outspoken cryptocurrency skeptic in the United States government, criticized outages at exchanges and high transaction fees during periods of price volatility.In a Tuesday…