Nigeria Acts to Stabilize Currency with Forex Auction
4.8.2024
The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate...
Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%
4.8.2024
Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend
Bitcoin price loses $60K, but a maturing Wyckoff signal gives hope
4.8.2024
The bullish outlook appears despite the ongoing Bitcoin sell-off, which is being led by the growing risks of a recession in the United States
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
4.8.2024
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin...
Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move
4.8.2024
In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the Reawakening of 2017 Bitcoin Wallets? Last month...
Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
4.8.2024
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability
Markets in Freefall, Coinbase Reports Great Q2 Revenue, and More — Week in Review
4.8.2024
The U.S. stock market experienced significant declines, and the crypto market fell by 5.82% following a disappointing jobs report, sparking concerns about a potential recession. Meanwhile, Coinbase reported $1.4 billion in Q2 revenue, highlighting growth and regulatory progress in the crypto...
Abu Dhabi Unveils Blockchain Center to Drive Blockchain Innovation
4.8.2024
A center aiming to drive blockchain innovation and establish Abu Dhabi as a hub for top global events and workshops, connecting industry leaders, has officially opened. Additionally, the blockchain center will incorporate a venture capital arm to support and invest in Web3 startups. Center to Serve...
Dogecoin Core to security update for on the horizon
4.8.2024
The Dogecoin team addresses critical security concerns and builds greater community trust by enhancing reproducibility and ensuring transparency
Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company
4.8.2024
Mercado Libre, a financial and e-commerce service company with its own cryptocurrency token, became the largest company in Latin America after announcing its financial results for Q2. Mercado Libre announced a net income of $531 million, significantly surpassing the expected $432 million. Other...
Prosecutor demands jail for Crypto.com user who received $6.8M by mistake
4.8.2024
Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error
Amber Group calls for transparency after ZKX shutdown
4.8.2024
The ZKX team’s shutdown serves as a reminder of the critical role that transparency and accountability play in the success and stability of cryptocurrency projects