Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these networks face as total fees and token performance drop below early-year highs. Ethereum, Solana, and Bitcoin See Sharp Drop in …
Continue reading “Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity”
Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin Mining Operations Push Through Lower Hashprice, Nearing Record Hashrate On …
Continue reading “Bitcoin’s Hashrate Nears All-Time Peak Despite Difficulty Bump and Revenue Loss”
Samsung Next has announced its investment in Startale Labs, a company at the forefront of the Web3 ecosystem. This partnership aims to address the limitations of centralized systems by providing essential tools and infrastructure for decentralized applications (dapps) and smart contracts. Startale Labs, known for its innovative solutions like the Astar Network and Soneium, is …
According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle.
The upgrade aims to enhance rewards for restakers.
Popular on-chain analyst Willy Woo is updating his outlook on Bitcoin (BTC) as he suggests the market is becoming less bearish. Woo tells his 1.1 million followers on the social media platform X that the market seems to be absorbing the recent massive amount of Bitcoin sent to exchanges by the German government, the U.S. …
The founders of analytics firm Glassnode say that a bearish monthly candle for Bitcoin in September is less likely than most market participants believe. Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,000 followers on the social media platform X that they doubt 2024 will print another red September. “September …
An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield. PeckShield says that the hacker transferred the ETH stash to Tornado Cash, a coin-mixing service that facilitates anonymous digital asset transactions. “WazirX Exploiter-labeled address has transferred 2600.1 ETH (worth …
The Commodity Futures Trading Commission (CFTC) is filing charges against the firm behind Uniswap (UNI), alleging that it offered illegal crypto derivatives contracts. In a new press release, the regulatory agency says it has slapped Uniswap Labs with a $175,000 civil penalty and a cease and desist letter after it was allegedly found to be …
Ripple’s chief legal officer has accused the U.S. Securities and Exchange Commission (SEC) of fabricating the term “crypto asset security.” Ripple CLO Stuart Alderoty says the term has no legal basis and “is nowhere to be found in any statute.” “The SEC needs to stop trying to deceive judges by using it.” The SEC has …
Two major technology companies—Siemens and Samsung—have made significant strides in the crypto sector, each advancing their involvement in different ways. Siemens issues €300 million digital bond. German technology giant Siemens launched its second digital bond, valued at €300 million, on a public blockchain, according to a Sept. 4 statement. The bond, set to mature in …
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
Continue reading “Low exchange stablecoin ratio hints at strong Bitcoin demand”
Onchain Highlights DEFINITION:Hodler Net Position Change shows the monthly position change of long term investors (HODLers). It indicates when HODLers cash out (negative) and when net new positions are accumulated by HODLers. Bitcoin’s hodler net position change historically aligns with key market cycles, reflecting long-term investor sentiment during price fluctuations. In 2024, significant shifts in …
Switzerland’s fourth-largest bank, Zürcher Kantonalbank (ZKB), has introduced trading and secure storage for major digital assets, including Bitcoin and Ethereum, according to a Sept. 4 announcement. According to the bank, its customers can now trade BTC and ETH around the clock through its existing ZKB eBanking or ZKB Mobile Banking. It added that this was …
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Quick Take In August, several publicly traded Bitcoin mining companies reported monthly production, reflecting slight declines in production. Marathon Digital Holdings, the leading miner by market cap, produced 673 BTC, a 3% month-over-month (MoM) decrease, with 196 blocks mined, down by 2%. Despite the lower production, the company reported an energized hash rate of 35.2 …
Continue reading “August production update: Marathon Digital Holdings holds 25,945 BTC”
