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Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
8.7.2024
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said
Germany Sill Holds $2.2B Worth of Bitcoin, Blockchain Data Show
8.7.2024
Germany has been running down its coin stash since mid-June
First Digital Debt Offering Fails to Get Traction in El Salvador
7.7.2024
The first digital debt offering registered in El Salvador has reportedly failed to gather the necessary interest to continue. The issuance, intermediated by Bitfinex Securities to build a Hilton hotel at El Salvador International Airport, raised $342,000 from interested investors, less than...
Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
7.7.2024
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty...
Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC
7.7.2024
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since then, two more notable awakenings have occurred in the past 48 hours. On Saturday, an address created in December 2013 spent approximately 149.99 BTC for the first time in over a decade. On Sunday, another...
July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months
7.7.2024
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming...
Solana has impacted Africa’s crypto market maturity - Exchange exec
7.7.2024
Adopting any technology is based on the strength of its community and Solana has proven that with its African community
Solana has impacted Africa’s crypto market maturity — Exchange exec
7.7.2024
Adopting any technology is based on the strength of its community, and Solana has proven that with its African community
North Carolina's CBDC ban bill vetoed by governor
7.7.2024
Governor Roy Cooper was slammed for not putting "partisan politics aside” to support a law that would benefit all North Carolina residents
North Carolina’s CBDC ban bill vetoed by governor
7.7.2024
Governor Roy Cooper was slammed for not putting “partisan politics aside” to support a law that would benefit all North Carolina residents
Tron develops gas-free stablecoin for Ethereum and Tron chains
7.7.2024
Tron’s founder Justin Sun believes gas-free stablecoins could take corporate adoption of blockchain to a new level
Tron is building a gas-free stablecoin solution for Tron, Ethereum chains
7.7.2024
Tron’s founder Jusin Sun believes gas-free stablecoins could take corporate adoption of blockchain to a new level
Bitcoin Proponent Bruce Fenton Calls Out Jack Dorsey Over Censorship Allegations During Twitter Tenure
6.7.2024
Over the weekend, a prominent personality in the bitcoin and blockchain sector, Bruce Fenton, addressed Jack Dorsey, CEO of Block, Inc., through a post on the social media platform X. Fenton asserts that Dorsey owes an explanation, as Twitter’s senior leadership has faced accusations...
NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn
6.7.2024
Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $109M NFT sales...
UBS Executive Highlights AI’s Impact on Banking
6.7.2024
UBS is witnessing a transformative shift in client interactions driven by artificial intelligence, according to Sabine Keller-Busse, the head of the Swiss bank’s domestic business. Keller-Busse compared the change to how patients now approach doctors with self-diagnosed conditions. UBS Sees...
Report: Family at the Center of Sam Bankman-Fried’s Campaign Contributions
6.7.2024
Sam Bankman-Fried’s political donation activities were allegedly a family affair, involving his brother, mother, and father. Bankman-Fried, the founder of FTX, reportedly directed over $100 million in political contributions with his family’s help, according to emails reviewed by...
US Spot Bitcoin ETFs Attract $143 Million in Inflows Amid BTC Price Drop
6.7.2024
U.S. spot bitcoin exchange-traded funds (ETFs) saw their first day of inflows following two days of outflows. The 11 funds garnered $143.1 million during Friday’s trading sessions, closing out the week on a positive note. Friday’s ETF Action Bounces Back After 2 Days of Outflows...
Sleeping Bitcoin Wallet Transfers 1,000 BTC Worth Over $56M After a Decade
6.7.2024
On Friday, July 5, 2024, at 8 p.m. EDT, as bitcoin’s price hovered around $56,500 per unit, a dormant wallet, created on Nov. 24, 2013, transferred over 1,000 BTC, valued at $56.5 million, at block height 850,855. Long-Inactive Bitcoin Wallet Transfers Over $56M At 8 p.m., or Bitcoin block...
Intimidating Wallet Interfaces Hinder Adoption of Defi Lending Protocols, Says Crypto Veteran
6.7.2024
Decentralized finance (defi) has improved efficiency, inclusivity, and performance in consumer lending, but poor user experience remains a significant barrier to adoption, according to Thor Abbasi, co-founder of Zivoe. Abbasi argues that as long as wallet interfaces seem “unintuitive”...
Nigerian central bank alleges unauthorized transactions by Binance
6.7.2024
In a Nigerian court on Friday, July 5, Binance's illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval