USDT on TON chain surpasses $1 billion: Token Terminal

Bitcoin price (BTC) reached $12,000 on some exchanges on July 8 after a fresh uptick saw daily gains top another 6%. Market visualization courtesy of Coin360Data showed BTC/USD just hit its latest significant psychological level in trading at press time, having begun the day below $11,500. On major exchanges, USD spreads meant bitcoin was yet to reach…

May 2022 was not for the faint-hearted. Even the most embattled and experienced crypto traders were tested in the first two weeks of the month on a brutal drop following the United States Federal Reserve’s announcement that interest rates would be rising by 0.5%.Crypto used to exhibit a lower correlation with real-world events and was…

Grayscale Investments’ GBTC Bitcoin Trust has been under the heat for the last couple of weeks as it traded below the BTC equivalent for each share. The instrument trades on over-the-counter markets and is by far the largest listed cryptocurrency asset.Periodically, the private-placement offerings for GBTC shares are temporarily closed, as well as similar products…

A recent report from the Bank of International Settlements (BIS) has cast a spotlight on the efficacy and longevity of the proof-of-work (PoW) consensus and the future of Bitcoin.The paper takes an in-depth look at how the Bitcoin protocol verifies payments using blockchain technology and various consensus algorithms.PoW algorithms are a major point of discussion,…

The new top-level domain “.farms” will play a role in Farmsent’s blockchain-based marketplace dedicated to farmers. 

Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits and challenges of widespread adoption.El…

Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services…

Authorities seized $12.2 million worth of digital assets, real estate, and luxury cars during the arrest.

Before its downfall, crypto exchange FTX and its then-CEO Sam Bankman-Fried had been some of the most prolific spenders in the space, bailing out crypto firms and donating to political campaigns and media outlets. With more than 1 million FTX creditors looking to be made whole, what’s happening with these funds?Bankman-Fried said in May he…