Month: August 2024

Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies, in international trade. The legislation allows for the modification of laws to facilitate cryptocurrency transactions, including cross-border trade, and grants the Bank of Russia oversight of pilot projects related to digital currencies. Putin Signs Law […] Source: https://news.bitcoin.com/putin-signs-law-to-advance-cryptocurrency-use-in-russias-international-trade/

On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout Statistics show the broader crypto market saw a […] Source: https://news.bitcoin.com/bitcoin-slips-below-59k-as-crypto-market-faces-132m-in-liquidations/

During the first week of August 2024, Bitcoin’s hashprice—a key metric that gauges the daily value of one petahash per second (PH/s) of hashpower—dipped to its lowest point in history, sliding below $38 per PH/s. In this fiercely competitive bitcoin mining arena, only the most resilient operations can thrive, with the best-performing machines bringing in […] Source: https://news.bitcoin.com/from-teraflux-to-antminer-exploring-the-top-asic-bitcoin-mining-rigs-on-the-market-today/

Vega Protocol has launched its prediction market feature as part of the Colosseo II upgrade. This new development allows users to bet on future events using the Cosmos network infrastructure, offering both binary and non-binary settlement options. The upgrade also includes live game scoring for real-time updates and enhanced cross-chain capabilities. Vega’s prediction market aims […] Source: https://news.bitcoin.com/vega-protocol-launches-decentralized-prediction-market-with-colosseo-ii-upgrade/

According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022. Bitcoin Exchange Reserves Dip to 2018 Levels Over the past month, starting from July 11, 2024, […] Source: https://news.bitcoin.com/bitcoin-reserves-on-exchanges-hit-5-year-low-with-5-96b-withdrawn-in-30-days/

CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as […] Source: https://news.bitcoin.com/venezuelan-government-blocks-binance-cutting-p2p-market-access-for-thousands/