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Argentina’s President Javier Milei Axes Ministries; ‘There Is No Money’
12.12.2023
Javier Milei, the president of Argentina, fulfilled his promise of reducing the number of ministries of the country in one of the first executive orders of his administration. The number of ministries was reduced to nine, as the state needs to cut expenses by making adjustments targeting...
Cambridge Study Unveils Ethereum’s Environmental Impact Post-Merge, Highlighting Major Energy Reduction
3.12.2023
The transformation of the Ethereum network, popularly known as ‘The Merge,’ marked a significant shift in the blockchain’s energy usage and climate impact. A detailed report by the Cambridge Centre for Alternative Finance (CCAF) meticulously dissects this journey, offering...
Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes
17.11.2023
On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $18.69 per transfer, marking a high of 0.00051 BTC. This surge represented the second-largest increase in 2023. However, the following day saw a reduction in onchain fees. Despite this, as of 8:13 a.m. Eastern Time...
Grayscale Bitcoin Trust Discount Shrinks to 10.35% as ETF Hype Persists
13.11.2023
Source: Adobe/Ascannio The hype surrounding ETFs has helped narrow the discount on the Grayscale Bitcoin Trust (GBTC) to its lowest levels since July 2021. According to data from YCharts, the discount on GBTC compared to its net asset value currently stands at 10.35%, marking a significant...
Ava Labs Cuts Staff by 12% to Reallocate Resources for ‘Growth’ – Here’s the Latest
7.11.2023
Source: AdobeStock / freshidea Ava Labs, the team behind the Avalanche ( AVAX) blockchain, has confirmed a 12% reduction in its workforce citing the need to reallocate resources as the driving force behind the staff cuts. Emin Gün Sirer, founder and CEO of Ava Labs, announced the news in a recent...
10 Decentralized Finance Protocols Rule Over 52% of the WBTC in Circulation
23.10.2023
Over the span of ten months, since mid-December 2022, the cryptocurrency known as wrapped bitcoin (WBTC) experienced a reduction of nearly 23,000 coins from its circulation. Today, WBTC has 79,839 distinct wallet holders. Notably, a hefty 73.76% of these tokens are concentrated within the top...
Argentine Economy Minister Sergio Massa Proposes National Digital Currency
4.10.2023
Sergio Massa, Argentine economy minister and presidential candidate, has announced that, if elected, his new government plan would include launching a national digital currency that local media has called the “crypto peso.” Massa also stated that this plan would involve a tax reduction...
Bitcoin Miners Anticipate Relief: Upcoming Difficulty Reduction Projected After August’s Challenges
1.9.2023
While Bitcoin experienced two difficulty adjustments upward last month, the next one, expected around September 6, 2023, is estimated to be a reduction. Currently, the network’s hashrate is about 367.58 exahash per second (EH/s), with an average of 380.90 EH/s over the past ten days. After...
Green Bitcoin Mining: Nodal Power Secures $13M for Landfill Gas Conversion
30.8.2023
Utah-based Nodal Power, which specializes in turning landfill gas into energy for powering bitcoin (BTC) mining hubs, recently announced a successful $13 million seed round backed by strategic investors. Bryan Black, Nodal’s CEO, stressed the technology’s “potential to make...
Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges
20.8.2023
Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on...
Crypto Exchange Coinbase Narrows Losses Thanks to Cost Reduction Strategy
4.8.2023
Major US-based crypto exchange Coinbase has reported a smaller loss in the second quarter this year compared to the same quarter last year, while its revenue exceeded analysts’ expectations.
Coinbase’s loss for the quarter came in at $97 million, down from $1.1 billion a year before, the firm’s...
KPMG Study Highlights Bitcoin Mining’s Potential to Shrink Carbon Footprints
3.8.2023
In a fresh analysis focusing on Bitcoin and its alignment with environmental, social, and governance (ESG) principles, the ‘Big Four’ accounting titan KPMG delves into the digital currency’s promising contributions to this movement. The professional services entity highlights...
Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction
31.7.2023
According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average onchain fees have fallen below the $1 threshold for each...
Japan Blockchain Association demands tax cuts for crypto
31.7.2023
Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets
Litecoin on the Brink of Third Halving: Record Hashrate and Profitable Mining Despite 17% Value Dip
17.7.2023
In a mere fortnight, the Litecoin network is poised for its third reward halving event, a seismic shift that will slash the LTC miners’ block rewards from 12.5 LTC per block down to 6.25 LTC. Data illustrates an intensified dedication of hashrate to the Litecoin blockchain as the critical...
Binance headcount reduction hits 1,000 employees: Report
14.7.2023
The ongoing workforce reduction is reportedly global, with customer-service workers heavily affected
The Big Halving: Bitcoin Miners Prepare for Token Rewards Reduction
10.7.2023
The next Bitcoin (BTC) halving, the most anticipated quadrennial event in the cryptocurrency space that has the potential to drive the maiden digital currency price to new heights, could pose more troubles to Bitcoin miners than the previous ones.
According to mining experts, Bitcoin miners would...
Bitcoin Mining Difficulty Set to Surge: Record-Breaking Increase Looms, Erasing Recent Reduction
10.7.2023
According to data recorded on July 9, 2023, Bitcoin’s next difficulty adjustment is estimated to rise between 4.74% and 7.7%, erasing the 3.26% reduction that occurred on June 28. Moreover, the total network hashrate achieved a 24-hour all-time high on July 8, reaching 538 exahash per second...
Bitcoin’s 2024 Halving Presents New Challenges: A Deep Dive Into the Future of Mining Rewards
7.7.2023
As we wrap up the initial six months of 2023, the Bitcoin network inches closer to a significant milestone — the impending block reward halving, which lies just under 300 days ahead. Projections indicate that this event is slated to take place between April 21 and 27, 2024, leading to...
Bitcoin Blockchain Clears Over 187,000 Unconfirmed Transactions Since Last Week
5.7.2023
Throughout the past week, the Bitcoin blockchain has successfully confirmed over 187,000 unconfirmed transactions, as shown by recent statistics. This has not only reduced a significant portion of the congestion but also led to a decrease in onchain fees within the same period. Bitcoin Fees...