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Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak


Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning...

Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use


Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption. Cambridge Centre Revises Bitcoin Energy Estimates...

Sony Raising PlayStation Plus Prices By Up To $40 A Year


PlayStation Plus is about to get a lot more expensive. Sony announced that, beginning in September, the annual subscription price will go from $60 up to $80 for the lowest tier of the program. Meanwhile PS Plus Premium, which competes directly with Game Pass by offering a big Netflix-style library...

Best Crypto to Buy Now August 29 – XDC Network, Avalanche, Algorand


Bitcoin jumped to a two-week high on Tuesday, August 29, after digital asset manager Grayscale won a lawsuit against the U.S. Securities and Exchange Commission (SEC). Bitcoin's price gained $1,400 within the first hour after the news broke. The ruling by the U.S. Court of Appeals for the District...

Velodrome to Introduce Aerodrome DEX on Coinbase's Base Network


Decentralized finance (DeFi) protocol Velodrome has launched Aerodrome, a new decentralized exchange (DEX) built for Coinbase’s layer 2 blockchain Base. The new DEX promises to allow traders to swap tokens with “minimal slippage” and low fees, while also rewarding users with governance tokens that...

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...

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