With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value…
According to data, several longtime holders have recently reactivated wallets containing hundreds of bitcoins for the first time in years. One inactive address, created on April 1, 2013, transferred 126.65 BTC valued at $7.63 million, marking its first transaction in over 11 years. Hundreds and Notably a 1,000 Stack of Vintage Bitcoin Transferred From Idle…
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On…
The crypto community is buzzing as Sealana (SEAL) prepares for its July 2 airdrop and DEX listing. With the presale entering its final days, investors are scrambling for a last-minute chance to buy SEAL tokens before they hit the open market. Sealana’s Presale Journey Nears Its Climax Sealana’s presale journey has been quite the ride…
Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di Bartolomeo stressed that presidents like Bukele in El Salvador and Milei in Argentina have shown Latam that proposals including…
Crypto market intelligence provider IntoTheBlock published a report on Thursday comparing the best risk-adjusted methods to earn yield in the world of decentralized finance (DeFi). Despite the “nearly infinite number of composable strategies” the firm claims its most optimal to stick to “straightforward strategies,” that boil down to “only a handful of different primitives.” The…
Leading the charge in the market rebound are Bitcoin (BTC) and Ethereum (ETH). Recently, Bitcoin (BTC) tested important support around $58,375 and recovered 5.8% to trade at about $61,996. This recovery highlights Bitcoin’s resilience and potential to retest higher resistance levels. Similarly, Ethereum (ETH) retested its support at $3,288, bouncing back by 4.8% to reach…
The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against…
Nvidia’s growth trajectory underscores the broader market’s anticipation for AI-driven advancements, which is a positive signal for blockchain projects aligned with AI. The sustained demand for Nvidia’s GPUs and the company’s strategic market position highlight a significant opportunity for cryptocurrencies like Near Protocol (NEAR) and Fetch.ai (FET). Meanwhile, another emerging project is uniquely positioned…
Toncoin (TON) has defied the broader crypto market downturn, targeting new highs as it continues to gain momentum. Despite widespread market turbulence affecting major cryptocurrencies, Toncoin (TON) has shown resilience, currently trading at $7.6 after a 5.6% weekly gain. This robust performance is driven by impressive network growth, with total volume locked surging 96.56% in…