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Vulnerability Disclosure Prompts InfStones to Rotate Validator Keys
23.11.2023
Source: Pixabay InfStones, a crucial node operator affiliated with Lido Finance, is poised to temporarily remove its Ethereum validators from the liquid staking protocol. In response to a substantial vulnerability uncovered by security researchers at dWallet Labs, the operator plans to execute...
Senator Warren Addresses Growing Threat of Crypto Scams on Seniors
20.11.2023
Source: Pixabay Senator Elizabeth Warren has highlighted the dangers posed by cryptocurrency scams targeting seniors, receiving support from a cybersecurity expert who endorsed her digital asset legislation as a preventive measure against future scams. In a Senate hearing on November 16, Warren...
Crypto Mining Profitability Soars as Miners Rake In Record $32 Million in Revenue in One Month
14.11.2023
Image Source: Pixabay The crypto mining industry is experiencing a surge in profitability, with miners earning a record $32 million in revenue in the past month. The hashrate, a measure of the computational power needed to mine a coin, has reached an all-time high, indicating that miners are using...
Turkey Projects Finalization of Cryptocurrency Taxes by Next Year
27.10.2023
Turkish government intends to establish a regulatory framework for crypto assets, including plans to tax these digital assets, starting 2024. The regulatory measure came as a part of the government’s 2024 Presidential Annual Program, unveiled on Wednesday. The translated document sheds light...
With Over 50% Market Share, Bitcoin’s Dominance Echoes Its 2021 Peaks
24.10.2023
Recent data reveals a surge in bitcoin’s dominance, a measure of its market capitalization in relation to the entire cryptocurrency sphere, reaching peaks not observed since February 2021. Present figures demonstrate that bitcoin (BTC) constitutes approximately 54% of the total...
Bitcoin Traders Eye Bullish Silver Lining in Looming US Government Shutdown, Says Analyst
30.9.2023
Numerous reports foretell an imminent U.S. government shutdown, given the anticipated failure of a spending bill to secure passage by Saturday evening — a measure meant to sustain operations till mid-November. On the cusp of this shutdown, bitcoin (BTC) has been on an ascent, catching...
August PCE Inflation Data: Federal Reserve's Key Measure Dips, Easing Market Concerns
29.9.2023
According to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve's preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August.
The PCE report was released amid growing concerns about...
Canaan to Launch Avalon 14 Series Bitcoin Miner With Advanced 1X J/TH Efficiency
7.9.2023
In mid-August, Bitmain revealed its intention to launch a new Antminer featuring an efficiency rating of 1X joules per terahash (J/TH). Three days after this disclosure, Canaan also announced plans to unveil a novel product but with little details. Canaan has since offered more information...
Record 3-Year Dormancy: Bitcoin Holders Stay Steadfast Amid Market Changes, Says Bitfinex
29.8.2023
While Bitcoin’s recent downturn suggests volatile times ahead, underlying metrics suggest a market full of nuance, anticipation, and strong belief, the latest Bitfinex Alpha report says. About 40% of Bitcoin’s total supply has been inactive for more than three years —...
Researchers develop Crypto Literacy Scale to measure consumer financial awareness
29.8.2023
This could help raise cryptocurrency education, insulate consumers against scams, and increase the potential for wealth generation in crypto
Glassnode and Ark Invest Introduce ‘Cointime Economics’ — A New Model to Measure Bitcoin’s Value
27.8.2023
Researchers from Glassnode and Ark Invest have collaborated to develop a new economic model for analyzing Bitcoin’s onchain metrics called “Cointime Economics.” The framework offers an alternative way to measure the economic activity and value of bitcoin based...
Biggest Bank in Australia to Limit Transfers to Crypto Exchanges
9.6.2023
Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders...
SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns
7.6.2023
Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files...
Crypto Options Exchange Deribit's Ether Volatility Index Hits Record Low
8.5.2023
Deribit's forward-looking ether volatility index (ETH DVOL) hit lifetime lows over the weekend. Expectations for price turbulence appear underpriced considering the lingering macroeconomic uncertainties
Google Trends Data Shows Bitcoin Search Interest Surged This Week Amid 10-Month Price High
12.4.2023
According to worldwide data from Google Trends, the search term “bitcoin” has reached a score of 93 out of 100 in the last seven days. Additionally, the price of bitcoin rose above the $30,000 range for the first time in ten months, or since June 2022. Bitcoin Search Interest Rises...
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
5.4.2023
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South...
India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
3.4.2023
The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries...
Price, Not Intrinsic Value, Is the True Measure of Bitcoin’s Success
9.3.2023
Many financial advisors cite lack of intrinsic value as a case against bitcoin. But demand and global adoption, evidenced by bitcoin's steadily increasing price, are what they should be paying attention to
Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia
5.3.2023
Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards...
Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising
7.2.2023
The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little more than $5 ‘blue’ dollars (the informal exchange rate), is already being criticized...