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Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August


August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners...

Base to list minted assets on OpenSea


OpenSea has announced that it will now Base on getting its minted digital assets listed on the platform. Meaning everything that an artist creates at Base will be available on OpenSea for the purpose of purchase and sale. Moreover, the community of the Base Network will have access to all...

Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide


This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once...

Russia to Work With Digital Currencies of Other Nations


The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled....

Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results


After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were...

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