Bitmain has announced the release of the Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that use the Scrypt algorithm, such as litecoin and dogecoin. The company reports that this new model provides 16 gigahash per second (GH/s) in hashing power and achieves an energy efficiency of 210 joules per gigahash (J/G). […] Source: https://news.bitcoin.com/bitmain-launches-antminer-l9-with-enhanced-16-gh-s-capacity-for-scrypt-based-coins/
This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from the Mt Gox distribution, estimated at $9.6 billion, and from the DMM Bitcoin […] Source: https://news.bitcoin.com/sleepy-crypto-market-may-get-caught-offside-qcp-capital-eyes-bullish-shift-in-ethereum/
This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers yield earnings on holdings, has exceeded the $3 billion threshold. As of […] Source: https://news.bitcoin.com/ethenas-usde-stablecoin-surpasses-3-billion-flipping-first-digitals-fdusd/
About the Author Carlo D’Angelo is a lawyer, former law professor, and crypto and NFT enthusiast. Carlo’s practice focuses on advising clients in all areas of blockchain technology law. Carlo is also the host of Lex Line, a weekly crypto and blockchain law podcast. The views expressed here are his own and do not necessarily represent those of Decrypt. May’s…
Republican Senator Ted Cruz from Texas has announced that he purchased three application-specific integrated circuit (ASIC) bitcoin miners. “I just bought 3 Bitcoin miners that started hashing today in Iraan, TX,” the Senator stated on X this week. “I’m proud to join the ranks of Texas bitcoin miners,” he added. Cruz is an ardent advocate […] Source: https://news.bitcoin.com/senator-ted-cruz-acquires-3-bitcoin-asic-miners-begins-hashing-in-texas/
The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a significant decline in the number of wrapped bitcoins in circulation, with more than 32% of […] Source: https://news.bitcoin.com/declining-but-dominant-wbtc-maintains-market-lead-over-btcb-rbtc-lbtc-and-other-derivatives/
Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin. Source: https://cointelegraph.com/news/nigerias-bitcoin-interest-unfazed-by-regulatory-restrictions
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the…
UBS has raised its gold price forecast from rising central bank demand and geopolitical tensions. Meanwhile, the meme coin TRUMP surged over 30% in 24 hours after former President Trump’s appearance at the Libertarian National Convention, marking a 98,352.40% increase over the last year. President Biden faces a deadline to veto or sign a resolution […] Source: https://news.bitcoin.com/ubs-raises-gold-price-targets-trump-coin-hits-all-time-high-and-more-week-in-review/
With artificial intelligence (AI) seemingly destined to become central to everyday digital applications and services, anchoring AI models on public blockchains potentially helps to “establish a permanent provenance trail,” asserted Michael Heinrich, CEO of 0G Labs. According to Heinrich, such a provenance trail enables “ex-post or real-time monitoring analysis” to detect any tampering, injection of […] Source: https://news.bitcoin.com/software-engineer-anchoring-ai-on-public-blockchains-aids-in-establishing-a-permanent-provenance-trail/
