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Mining Litecoin in 2024: is it still profitable?
15.4.2024
Litecoin, sometimes known as the “silver of Bitcoin’s gold,” was designed as a lighter and faster alternative to Bitcoin. Its blockchain uses an alternative hashing method called Scrypt, allowing faster transaction confirmations. With an active development community and acceptance by numerous...
Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions
15.4.2024
In a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital...
JPMorgan Warns of Downside Risk in Crypto Markets
15.4.2024
JPMorgan has warned of a downside risk in crypto markets, citing subdued crypto venture capital flows. The global investment bank’s analysts also remain cautious about the U.S. Securities and Exchange Commission (SEC) greenlighting spot ethereum exchange-traded funds (ETFs) in May. Crypto...
Goldman Sachs Raises Gold Price Forecast to $2,700, Acknowledges Rise Not Caused by Usual Macro Factors
15.4.2024
Goldman Sachs, a leading investment banking institution, has updated its gold price forecast due to the unforeseen strong performance of the metal in 2024. In a note directed to investors, the bank expects gold to reach $2,700 per ounce by year’s end, pushed by non-traditional factors....
Solana Developers Test Congestion Fixes in Testnet, Introduce Measures to Prioritize Traffic
14.4.2024
Anza, a collective of developers focused on the Solana blockchain, has produced a fix that aims to reduce the congestion that the network has been experiencing. The new version of Solana, now being tried in testnet, includes a feature called stake-weighted quality of service (SWQOS), that...
ETFSwap (ETFS) raises $750,000 in 3 days to bring Spot Bitcoin ETFs to the blockchain
14.4.2024
Spot Bitcoin ETFs have been all the rage recently in the investment world. Since their approval in January by the United States Security and Exchange Commission (SEC), BlackRock’s IBIT, along with the other 10 investment funds, have shot up in popularity to break trading records set by other...
US Spot Bitcoin ETFs See $55.1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility
14.4.2024
Data shows that U.S. spot bitcoin exchange-traded funds (ETFs) experienced negative outflows on Friday, totaling $55.1 million, with Grayscale’s Bitcoin Trust (GBTC) seeing another notable decrease. Metrics from Thursday reveal GBTC held 316,193.43 bitcoins, but after a decline of 2,048.23...
Crypto Markets Crash as Iranian Drone Attack on Israel Sparks Sell-Off
14.4.2024
The cryptocurrency market experienced a significant downturn following an Iranian drone attack on Israel, leading to a widespread sell-off of digital assets.
The post Crypto Markets Crash as Iranian Drone Attack on Israel Sparks Sell-Off appeared first on Cryptonews
Free Tesla giveaway puts Octoblock DeFi at the forefront in BNB Smart Chain
14.4.2024
With many investors looking for the best crypto to buy now, Octoblock’s innovative offerings, including its Tesla giveaway, are setting it at the forefront of the BNB Smart Chain. What is BNB Smart Chain? The BNB Smart Chain (BSC) is a layer-1 blockchain platform that supports smart contracts...
USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
14.4.2024
The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market...
Crypto Advocates Weigh in on Bitcoin’s Sudden Drop Amid Middle East Tensions
14.4.2024
On April 13, Iran initiated a drone strike on Israel followed by reports that unmanned aerial vehicles (UAVs) were intercepted by Israeli, U.S., and other Western allied forces. Concurrently, bitcoin and the broader crypto economy experienced a significant downturn, with many analyzing...
Kiyosaki Reacts to $200 BTC Crash Prediction, Miners Offload BTC Ahead of Halving, and More — Week in Review
14.4.2024
Robert Kiyosaki expressed his stance on potentially investing more in Bitcoin if its price plummets to $200, as economist Harry Dent has forecasted. Cryptoquant data reveals that Bitcoin miners are selling off their holdings in anticipation of the network’s upcoming halving event, which...
Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges
14.4.2024
A former security engineer, who stole digital assets valued at more than $12 million from two decentralized exchanges, has received a three-year prison sentence. In what has been characterized as the “first-ever” conviction for a smart contract hack, the U.S. Judge also ordered...
Chinese Fraud Victims Seek Government Aid in Recovering 61,000 BTC Seized by UK Law Enforcement
14.4.2024
A group of Chinese victims of a $6 billion fraud scheme have requested assistance from their country’s foreign ministry in recovering 61,000 bitcoins, seized from a fraudster and her associate. The fraud victims have strongly opposed attempts to transfer the ownership of these bitcoins to the U.K....
US, UK, Germany Among Countries With Largest Government Crypto Holdings, Arkham’s Data Shows
14.4.2024
The United States, United Kingdom, and Germany rank among the top countries holding cryptocurrencies at the government level, according to data from Arkham Intelligence. The crypto analytic firm’s onchain analysis shows that the U.S. government holds 212,847 bitcoins while El Salvador...
Robert Kiyosaki Explains Why He Won’t Buy Bitcoin ETF
14.4.2024
Rich Dad Poor Dad author Robert Kiyosaki has explained why he won’t invest in a spot bitcoin exchange-traded fund (ETF). “Just as I own gold and silver coins and mines and own apartment houses, I do not own gold or silver ETFs,” he stressed. The famous author stated this week...
Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease
13.4.2024
Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind...
Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour
13.4.2024
The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting a significant wave of leveraged liquidations on Saturday. Bitcoin Value Declines Amid Market Instability; Extensive Liquidations...
Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin
13.4.2024
Following criticism of Ethena’s USDE stablecoin, which brought back memories of the Terra blockchain’s Anchor protocol failure, Ethena backer Arthur Hayes introduced a risk tracker by intotheblock.com that monitors aspects like the token’s adherence to its U.S. dollar peg....
Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving
13.4.2024
Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a daily basis. Should the prices remain low leading up to the forthcoming halving event scheduled for next week...