Its getting even harder to mine Bitcoin as the networks difficulty has once again increased on Sunday, this time by as much as 7.85% since the last adjustment. According to data from BTC.com, this is the eighth consecutive increase since July, and the second biggest since late August, with the difficulty surpassing 21.66 trillion. Bitcoin mining is a process of…
Huobi Group, the company operating one of the worlds largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges. Huobi has rolled out a trial for Huobi NFT, an NFT marketplace allowing users to buy and trade NFT artwork and collectibles in numerous sectors, such as games, art, animation and…
Following a mind-blowing price surge, the Squid Game (SQUID) token plummeted over 99% shortly after Twitter flagged its official accounts on the social media platform as suspicious. According to data on CoinMarketCap (CMC), the SQUID token experienced its first downward move on Monday, erasing its entire gains from as much as $2,861 and dropping below $1 in a matter of…
In brief Spending $5 at Burger King guarantees you a Dogecoin until November 21 There are also 20 Bitcoin and 200 Ethereum up for grabs Want a side of Doge with your burger? In what may be the biggest crypto sweepstakes of its kind, fast food giant Burger King will give away a Dogecoinor a Bitcoin or Ethereum to a…
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants the changes to come into…
Venezuelan authorities seized over a hundred mining machines in a residential area of a central state. According to reports, the mining farm was operating illegally without permits that the national cryptocurrency watchdog, Sunacrip, requires for these operations. The seizure was led by the national police, officers from the national power company, and personnel from Sunacrip. Venezuelan Mining Farm Seized…
Bitcoin (BTC) sees a volatile start to a new week and a new month after its first ever monthly close above $60,000 whats next? After a highly anticipated end to Uptober, bulls are looking to November to provide the next phase of what they hope and sometimes promise will be a BTC price surge like no other. The timing varies,…
Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims. Iranians Said to Transfer $180 Million in Crypto Daily Despite the…
sponsored Some of the premier figures in crypto gathered at the Waldorf Astoria, Shanghai on October 27th, 2021, to celebrate a new alliance with a mission to advance the blockchain industry. The Blockchain Infrastructure Alliance (BIA) was inaugurated with a dinner hosted by the crypto-fiat payment network, Alchemy Pay, alongside co-hosts Polygon Network, NEAR Protocol, Draper Dragon, and Bit.Store. The…
After launching via a Discord channel on Oct. 28, AnubisDAO went on to raise roughly 13,256.4 ETH using Alchemistcoins liquidity bootstrapping protocol (LBP) Copper. However, the funds were unexpectedly sent to a different address roughly 20 hours into the LBP. CNBC spoke to one investor who claims to have lost almost $470,000 to AnubisDAO. The investor, Brian Nguyen, conceded to…
