press release PRESS RELEASE. There are more than 300 crypto-exchanges nowadays, almost all of them offer the same mediocre features that are identical to the leading exchanges such as Binance. MemeBank is not a lazy copy of the successors but an ambitious project that aims to drive revolutionary changes. According to its official announcement, MemeBank($MBK) will soon be listed at…
Twenty-three agonizing days have passed since Bitcoin (BTC) last closed above $32,000 and the 10% rally that took place on May 29 and May 30 is currently evaporating as BTC price retraces toward $30,000. The move back to $30,000 simply confirms the strong correlation to traditional assets and in the same period the S&P 500 also retreated 0.6%. Bitcoin/USD 12-hour…
ForUsAll, a 401(k) provider with over $1.7 billion in assets under management (AUM), has sued the U.S Labor Department (DOL) for planning an investigation into companies offering crypto investment options to 401(k) holders. The San Francisco-based firm indicated that the regulators also discouraged employers from turning to cryptocurrencies for their retirement planning. “This lawsuit seeks to preserve the rights of…
CleanSpark, a sustainable bitcoin mining company, released its mining production update for the month of May. While bitcoin production marginally increased, operational capacity showed a large improvement from a month-over-month perspective. Currently the company holds 1,523 BTC ($46.1 million) in custody. CleanSpark Inc. (Nasdaq: CLSK), a sustainable bitcoin mining company, has released its mining and production update for last month…
Over two weeks after the Terra LUNA and UST fallout, a whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder Do Kwon, Terra validators, and infrastructure providers from the Terra blockchain community. If the chat log is legitimate, Fatman claims the document proves over 50 people “knew about the [network] halt before it happened.” The “Terra Rebirth…
The recent collapse of the once third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs. Stablecoins’ stability in question Stablecoin firms claim that each of their issued tokens is backed by real-world and/or crypto assets, so they behave as a vital component in the crypto market, providing traders an alternative in…
Kraken’s Dan Held Talks Bitcoin Maximalism and Crypto Winter Dan Held, a longtime Bitcoin influencer and now head of growth marketing at crypto exchange Kraken, talks to Decrypt’s Dan Roberts about Bitcoin maximalists (he calls himself a “mostalist”), NFTs, and Crypto Winter as part of CoinMarketCap’s The Capital virtual conference. Source: https://decrypt.co/videos/live-events/p6T4ZVyK/krakens-dan-held-talks-bitcoin-maximalism-and-crypto-winter
Bitcoin mining is loud. Anyone reading that sentence who has not visited an operational mining farm is probably imagining a loud restaurant or a running air-conditioning unit. But in this context, “loud” actually means an almost ungodly cacophony of spinning fan blades producing a noise level akin to a fighter jet. Mining gives new meaning to “sound money.” A single…
During the last 30 days, the price of bitcoin has lost more than 22% against the U.S. dollar but during that time, Bitcoin’s hashrate has remained above 200 exahash per second (EH/s). While 16 known mining pools mined the leading crypto asset during the last month, the top five mining pools retained 71.4% of the global hashrate. Out of 16…
A number of social gatherings have started to take place in the Metaverse as companies across the globe begin to understand the value that virtual interactive environments can have for consumers. It shouldn’t come as a surprise then that Pride Month — a month-long celebration held in June to commemorate the 1969 Stonewall Riots — will be celebrated in various…
