The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle as Bitcoin Difficulty Reaches New Peak On Wednesday, at block height 854,784, Bitcoin’s…
[PRESS RELEASE – Manchester, United Kingdom, July 31st, 2024] Registrations for Rootstock’s Quarterly Ecosystem Summit are now open On August 1st 2024, the Rootstock community will be coming together for its first Ecosystem Summit of 2024. This digital event, powered by RootstockLabs, is the first, of a planned quarterly, event where developers and users of…
El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed interest in joining the BRICS bloc and may formally apply for membership within one or two years. Ukraine-Russia Conflict Echoes in Central America El Salvador has proposed settling trade with Russia using cryptocurrency,…
In a trailblazing twist that promises to transform the foreign exchange market, CryptoProcessing is proud to offer the integration of cryptocurrency as a payment gateway for Forex transactions. This solution aims to enhance the speed, security, and cost-efficiency of Forex payments, paving the way for a new era in global finance. As the world’s largest…
Online gambling is evolving, and now you can play at crypto casinos without having to go through the Know Your Customer (KYC) process. This means you can enjoy your favorite games without sharing personal information, making the experience faster and more private. In this article, we’ll introduce you to the best no KYC crypto casinos.…
TLDR Ethereum’s price is currently battling resistance around $3,300-$3,400 after a recent downward correction. ETH is down about 6.5% since the launch of spot Ethereum ETFs on July 23, but ETF flows recently turned positive with $33.67 million in net inflows on July 30. The ETH/BTC pair has gained 3.5%, suggesting potential for an altcoin…
TLDR DraftKings has shut down its NFT-powered fantasy sports experience Reignmakers and associated marketplace, citing “recent legal developments.” The closure comes after a federal judge allowed a class action lawsuit to proceed, alleging DraftKings’ NFTs were unregistered securities. Users can receive a cash payout for relinquishing their NFTs or withdraw them to a self-custodial wallet.…
TLDR The California DMV has digitized 42 million vehicle titles on the Avalanche blockchain. The new system allows Californians to manage and transfer vehicle titles digitally through a mobile app. This digital process reduces the need for in-person DMV visits and aims to prevent lien fraud. The project was developed in collaboration with Oxhead Alpha…
TLDR BitClout founder Nader Al-Naji has been charged with wire fraud and selling unregistered securities by the SEC and DOJ. Al-Naji allegedly raised $257 million from token sales but spent $7 million on personal expenses. The SEC claims Al-Naji misled investors about BitClout’s decentralized nature to avoid regulation. BitClout was controversial for creating profiles of…
TLDR Polymarket has partnered with Substack to launch “Polymarket Embeds” The integration allows Substack writers to embed live Polymarket odds into their posts Polymarket has also launched its own Substack publication called “The Oracle” Polymarket’s trading volume in July 2024 exceeded $360.9 million, triple the previous month The U.S. presidential election is driving much of…