Bitcoin’s (BTC) hashrate has spiked to a new all-time high amid the current bear struggles of the broader crypto market. According to Glassnode data, as analyzed by CryptoSlate, BTC’s hashrate touched 244.25 EH/s on Oct. 3. Bitcoin mean hash rate (Source: Glassnode) In the seven days, the miners responsible for most of the hashrates were …
Monthly archives: October 2022
Binance burns $1.9M LUNC tokens
Binance announced that it has burned 5.5 billion Luna Classic tokens following its implementation of the burn mechanism. #Binance completes the first $LUNC burn, burning all trading fees collected from LUNC spot and margin trading pairs. For more details about the first burn and all future burns, please check the announcement linked below for weekly …
New Sushi Head Chef promotes asset-backed tokens, receives 83% of vote
Jared Grey, a blockchain consultant and former CEO of EONS, has been appointed as the new Sushi Head Chef following an on-chain vote. Grey received support from 83% of Sushi token holders, with the runner-up, Andy Forman, achieving just 12.5% of the vote. Grey has experience consulting for some of the largest natural mineral miners …
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Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in commercial paper holdings. Tether’s Commercial Paper Holdings Shrank …
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Data Shows Bitcoin’s Hashrate Has Grown by More Than 4 Quadrillion Percent Since 2009
Following the network difficulty change six days ago on September 27, Bitcoin’s hashrate surpassed the 295 exahash per second (EH/s) range two times during the first two days of October. Presently the network is coasting along at 229 EH/s and block intervals have been faster than the ten-minute average, which means another upward difficulty adjustment …
Top Crypto Exchange LBank at Token 2049: Successful Exhibition and Afterparty
press release PRESS RELEASE. SINGAPORE, Oct. 3rd, 2022 – Global crypto exchange, LBank, joined Token 2049 in Singapore as sponsor and exhibitor. LBank was welcomed with open arms at the Token 2049 venue and continued to host a successful after-party. As one of the rise-and-coming major crypto hubs, Singapore hosted a diverse crowd of crypto …
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Tamadoge (TAMA) At 20% of Baby Doge Coin, Dogelon Mars Market Cap
Currently, Tamadoge is one of the most popular and trending cryptocurrencies. After a very successful pre-sale worth 19 million dollars, Tamadoge was able to attain exponential growth due to its being listed on multiple exchanges. Tamadoge was listed on OKX exchange, after which its value skyrocketed, reaching beyond 150% of the initial listing price. Additionally, …
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Despite Outages, Solana (SOL) Still Has Power To Bring 1,000,000,000 More People to Crypto: InvestAnswers
A closely followed crypto analyst says that Ethereum (ETH) rival Solana (SOL) could be on its way to bringing a billion more users to the digital asset space. In a new strategy session, the host of InvestAnswers says that Solana’s history of network outages is due to the project continuously testing the limits of blockchain …
US Senator Introduces Bill That Prohibits Government From Eliminating Cash When CBDC Is Created
U.S. Senator James Lankford of Oklahoma has proposed new legislation to ensure Americans can continue using physical bills and coins even if the US adopts a digital dollar. In a statement, Lankford says he introduced the No Digital Dollar Act amid concerns from residents in his state that cash may be phased out once the US …
DeSo Is Elon Musk and Jack Dorsey’s Answer for Decentralized Social Blockchain
October 3, 2022 – Los Angeles, California The DeSo Foundation announces the release of their ambitious roadmap to decentralize social media and build the social layer of Web 3.0. Milestones on the roadmap will be executed over the next two quarters to solve the major problem with social media today. Takeaways Jack Dorsey and Elon …
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Chainlink Partnership With SWIFT Shows LINK Attracting Attention From ‘Seriously Significant’ Institutions: Coin Bureau
The pseudonymous host of Coin Bureau is connecting the dots in Chainlink’s (LINK) recent partnership with the SWIFT payments network. Five days ago, Chainlink announced SWIFT will utilize LINK’s Cross-Chain Interoperability Protocol (CCIP) in an initial proof of concept. According to Chainlink, the proof of concept project aims to make the SWIFT network become interoperable …
A crumbling stock market could create profitable opportunities for Bitcoin traders
Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18, tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26 and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is …
Binance burns $1.8M in LUNC trading fees following community proposal
Cryptocurrency exchange Binance has announced it completed the first burn of Terra Classic tokens’ trading fees in response to a community proposal from September. In an Oct. 3 update, Binance CEO Changpeng Zhao said the exchange had burned roughly $1.8 million worth of Terra Classic (LUNC) — formerly Terra (LUNA) — trading fees for LUNC/BUSD …
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Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors
Cathie Wood’s investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMAs) through a collaboration with the digital asset platform Eaglebrook, the companies announced on Oct. 3. The ARK Cryptocurrency Strategy aims to capitalize on the monetary revolution, said …
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Bitcoin Holds $19,000 but Still Showing Weakness, RSR, TON, DOGE, Oct. 3
BTC has support at $19k but there are risks of a further sell-off. RSR continues with weekly gains. TON creeps into the top 40 coins. BTC Bitcoin is 1.65% higher over the last seven days and some analysts see it as a positive due to stocks being lower. But the 2017 high in stocks was …
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