Bitcoin is giving hints that an upward BTC price phase is about to begin, as measured by two popular trading tools. Source: https://cointelegraph.com/news/bitcoin-metrics-bull-signals-60-6-k-btc-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days. Miners Increase Bitcoin’s Hashrate After Difficulty Decline […] Source: https://news.bitcoin.com/hashrate-climbs-25-eh-s-in-8-days-as-bitcoin-miners-adjust-to-network-difficulty-reduction/
This Week in Crypto Games: ‘The Lost Glitches’ Beta Hits Epic Store, Members-Only Ethereum Chain
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…
Stablecoin Market Expands: $2.21B Uptick in 8 Days Fueled by Tether’s Growth Spurt
The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $2.21B Growth Driven by Tether and PYUSD Between Aug. 9 and Aug. 18, 2024, the stablecoin economy expanded by […] Source: https://news.bitcoin.com/stablecoin-market-expands-2-21b-uptick-in-8-days-fueled-by-tethers-growth-spurt/
Why Crypto Protocols Need Preventative Tools to Mitigate Attacks
About the Author Eyal Meron is the co-founder and CEO of Spherex Technologies, an embedded on-chain engine for crypto protocols that reverts suspicious transactions during runtime while maintaining business continuity and regulatory compliance. The views expressed here are his own and do not necessarily represent those of Decrypt. On June 2, Velocore’s protocol on Ethereum layer-2 network Linea was hacked,…
Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review
Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief discussed the […] Source: https://news.bitcoin.com/goldman-sachs-bitcoin-etf-holdings-hamster-kombat-rejected-vcs-and-more-week-in-review/
Nigeria’s tax watchdog proposes comprehensive crypto
The FIRS’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital asset. Source: https://cointelegraph.com/news/nigeria-crypto-regulation-tax-overhaul-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
LBank Celebrates 9th Anniversary With Over $1,000,000 in Prizes
PRESS RELEASE. Singapore, August 18th, 2024 – In the rapidly evolving cryptocurrency industry, LBank has established itself as a key player. Over the past nine years, LBank has achieved numerous milestones and has grown into a comprehensive crypto trading platform and a leading exchange in innovative crypto asset categories. As LBank commemorates its ninth year […] Source: https://news.bitcoin.com/lbank-celebrates-9th-anniversary-with-over-1000000-in-prizes/
This Week on Crypto Twitter: Degens Jump on Trump Word Bingo
Every few days in crypto brings a new red-hot gambling trend for degens that’s too thrilling to pass up. This week, for whatever reason, that can’t-miss betting opportunity became predicting the exact words and phrases to be uttered by Donald Trump. The oddly specific game first whipped up excitement in the build-up to Monday, when the former president sat for…
Innovation in Crypto Moves Faster Than Governments, Needs Self-Regulation, Says Serial Innovator
Although the blockchain industry owes much of its success to so-called bridges, these are far from perfect solutions, argues Justin Wang, the founder and CEO of Zeus Network. While they help address the problem of liquidity segmentation that afflicts the Web3 industry, Wang insists that they pose significant security risks. Keeping the Innovation Flywheel Spinning […] Source: https://news.bitcoin.com/innovation-in-crypto-moves-faster-than-governments-needs-self-regulation-says-serial-innovator/