On January 27, Glassnodes’ data revealed that the Ethereum hashrate just reached a new all-time high – 1.11 PH/s (1.11 quadrillion hashes per second) at the moment – breaking its previous record of 1.08 PH/s. Hashrate is an indicator that presents computing power of the entire Ethereum network. The new record was set less than …
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American digital currency prime brokerage Genesis released its Q4 2021 Market Observations Report, which provides detail on the company’s results and market indicators over the past quarter and the whole year of 2021. Per the report, the digital asset market saw strong growth during 2021. This growth highlights major trends across institutional digital asset markets, …
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Under the leadership of US President Joe Biden, the White House is likely to release an executive order–assigning federal agencies to approach the cryptocurrency sector as a matter of national security. According to the source familiar with the White House’s plan, the national security memorandum is expected to be released in the next few weeks, …
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The Lightning Network, Bitcoin’s scaling solution, has seen incredible success last year, growing both in capacity and transaction count. With an exponentially increasing rate of adoption, Lightning is set to see even bigger success in 2022, continuing to attract more and more users. However, despite its meteoric growth, Lightning still remains mostly a niche product, …
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DeFi protocol Wonderland feels the heat after it was revealed its Treasury Head, also known as Sifu or 0xSifu, is Michael Patryn. Patryn co-founded Canadian exchange QuadrigaCX, which went bankrupt in 2019 amid suspicious circumstances, including the death of its CEO, Gerald Cotten. The QuadrigaCX connection has spooked Wonderland investors, triggering a 45% drop on …
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Findings stemming from a recent report published by the security-focused blockchain firm Certik indicate that the Binance smart chain ↔ Ethereum bridge called Qubit has been hacked for $80 million. Data shows on January 27, 2022, an attacker siphoned a number of tokens from an exploit on Qubit Finance’s bridge and Certik says the hack …
Following a volatile week of trading, the uncertainty in cryptocurrency markets continued on Friday. Overall, the global crypto market cap was almost 2% lower during the session. Bitcoin Thursday’s volatility extended into today’s session, with bitcoin prices continuing to consolidate near its recent support level of $35,600.00. BTC/USD fell to an intraday low of $35,629.28 …
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The CEO of cryptocurrency exchange Cryptsy has been indicted in the U.S. The 17-count indictment charges the crypto exchange executive with “tax evasion, wire fraud, money laundering, computer fraud, tampering with records, documents, and other objects, and destruction of records in a federal investigation,” the DOJ said. Cryptsy’s CEO Faces 17-Count Indictment The U.S. Department …
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sponsored CoinFLEX, a leading derivatives exchange and yield platform, has announced the second iteration of their innovative AMM+ (Automated Market Maker) platform—making the yield-earning product more accessible to everyday investors. AMM+: Leveling up the AMM model on a CeFi platform AMM+ Statistics The revamped AMM+ page now offers users a statistical summary they can easily …
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The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed that authorities in Sofia are now exploring options to implement a crypto payment …
Bitcoin (BTC) and Ethereum (ETH) are currently trading at a discount, but crypto exchange Kraken says that the bull run might not be over for the two biggest digital assets by market cap. In its January 2022 crypto on-chain digest, Kraken says that Bitcoin’s spent output profit ratio (SOPR) and Ethereum’s market value to realized …
Let’s be blunt: Being in a bear market sucks profoundly as a crypto trader. Most strategies that work when everything is green lead to losses. Growing the value of a portfolio takes twice as much work for half as much progress. The uncertainty over how long the market will remain down is exhausting. During these …
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Crypto.com raised a few eyebrows this past week when it announced cryptocurrency users worldwide could reach 1 billion by the end of 2022. The timing was curious, given that Bitcoin (BTC) and many other cryptos are entwined in one of the largest drawdowns in their (albeit short) history and with the prospect of United States …
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Over the last week, regulators in three major jurisdictions across two continents introduced new rules governing cryptocurrency-related promotions and advertisements. Citing consumer risks associated with digital asset investments, authorities in the United Kingdom, Singapore and Spain tightened the requirements around crypto firms’ marketing messaging and customer recruitment practices. While some experts view this emerging trend …
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Astar, a multichain DApp protocol, formerly known as Plasm, has raised $22 million in its latest strategic fundraise. The funding round was led by Polychain and saw participation from the likes of Alameda Research, Crypto.com Capital, Digital Finance Group and a few other angel investors. Astar rose to popularity after gaining the Polkadot parachain slot …
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