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SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In
16.9.2024
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where...
$135.4M in Dormant Bitcoin Revived by Mid-Sept., 2016 Wallets Dominate Activity
15.9.2024
According to the latest figures, 32 dormant bitcoin transactions have surfaced during the first two weeks of September 2024, with a hefty 2,253.54 BTC spent so far. When it comes to the biggest spenders, btcparser.com shows wallets dating back to 2016 took the lead, moving a total of 1,549.51...
Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks
12.9.2024
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin...
Mining New Bitcoin Is More Difficult Than Ever. Here's How it Could Impact BTC Prices
12.9.2024
The next difficulty adjustment is expected to decrease mining difficulty, potentially relieving some pressure on miners. But market sentiment and broader financial conditions could influence bitcoin's price, with possible selling pressure if the overall market weakens
India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index
12.9.2024
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations....
Glassnode Reports Rising Bitcoin Hashrate, ETF Outflows, and Lower Investor Engagement
10.9.2024
Glassnode’s latest report reveals a persistent rise in Bitcoin’s hashrate despite falling revenues for miners. Concurrently, investor engagement with exchanges and trade volumes are showing a notable decline, reflecting reduced appetite for speculation. Miners Persist Amid Bitcoin...
Fractal Bitcoin Absorbs Over 35% of Bitcoin’s Hashrate After Mainnet Launch
10.9.2024
Data reveals that after Fractal Bitcoin’s mainnet went live, the project’s block explorer indicates the blockchain now controls over 35% of Bitcoin’s total hashrate. While Bitcoin hums along at an impressive 681 exahash per second (EH/s), Fractal Bitcoin’s sidechain has attracted about 241 EH/s...
SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments
10.9.2024
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory...
A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records
5.9.2024
In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite...
Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity
4.9.2024
Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these networks face as total fees and token performance...
Bitcoin’s Hashrate Nears All-Time Peak Despite Difficulty Bump and Revenue Loss
4.9.2024
Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin Mining Operations Push Through Lower Hashprice...
Former Mt. Gox CEO to launch EllipX crypto exchange in Europe
4.9.2024
EllipX will comply with EU's MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users
Bitcoin’s August Slump: Dormant Wallets Stirred, But Vintage BTC Spending Slowed
2.9.2024
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses...
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
2.9.2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with...
NFT Market Faces Brutal August: Sales, Buyers, and Transactions All Plunge
1.9.2024
Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According...
Nigerian Blockchain Leader: Approval of 2 Crypto Exchanges Brings Much-Needed Regulatory Clarity
31.8.2024
A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will attract foreign investors and benefit Nigerian...
Bored Ape Yacht Club Leads the Week’s Priciest NFT Sale Despite Overall Market Dip
31.8.2024
While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week,...
Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
29.8.2024
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s...
Bitcoin Sets New Transaction Milestones as Top Ten Busiest Days Occurred in 2024
26.8.2024
In 2024, the Bitcoin network has hit some significant milestones, including reaching an all-time high price, achieving peak hashrate and difficulty, and recording the highest onchain fees ever. On top of these metrics, the blockchain also saw its busiest transfer day in history on April 23, with...
Why 2024 Should Be Bitcoin’s Year to Step Away From Politics
25.8.2024
As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool...