1 / 1 Relevant items tagged with #Challenges
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Bitcoin Miners Anticipate Relief: Upcoming Difficulty Reduction Projected After August’s Challenges
[Sep 1, 2023 8:30 AM] While Bitcoin experienced two difficulty adjustments upward last month, the next one, expected around September 6, 2023, is estimated to be a reduction. Currently, the network’s hashrate is about 367.58 exahash per second (EH/s), with an…
Polymarket Wagers Favor Trump for Nomination; Ramaswamy’s Bid Gains Momentum
[Aug 25, 2023 2:30 PM] Following the initial Republican debate and an exclusive interview between Donald Trump and Tucker Carlson on the social media platform X, wagers on the decentralized prediction marketplace Polymarket suggest Trump is leading, with presidential…
Binance Plans to Halt EUR Withdrawals via SEPA Amid Third-Party Payment Challenges
[Aug 21, 2023 12:00 PM] Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published…
Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges
[Aug 20, 2023 2:30 AM] Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of…
2023 Centralized Crypto Exchange Study Highlights Winds of Change Among Top 10 Platforms
[Aug 16, 2023 8:30 AM] In a report by the crypto market aggregation web portal Coingecko, Binance retains its crown in the centralized cryptocurrency exchange arena, but not without facing fierce competition and challenges. Binance Leads But Not Without Contenders, Says…
IMF Working Paper Urges Tax System Overhaul to Tackle Crypto’s Tax Collection Challenges
[Jul 7, 2023 2:30 AM] A research paper published by the International Monetary Fund (IMF) warns that tax collection is significantly more challenging with cryptocurrency assets, and current tax systems are not designed to handle them. The IMF’s working paper…
Bored Ape Yacht Club’s Market Reign Crumbles as Rivals Take Center Stage
[Jun 24, 2023 11:30 AM] The Bored Ape Yacht Club (BAYC), a prominent non-fungible token (NFT) collection, has been experiencing a decline in its dominance. In the past 90 days, the minimum value of BAYC NFTs has plummeted from 64 ETH to just above 37 ETH. Furthermore, the…
Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns
[Jun 23, 2023 12:00 AM] After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to…
Pepe Surges Amidst Meme Coin Market Gains; Whales Accumulated Significant PEPE During Price Dip
[Jun 22, 2023 8:00 AM] While the crypto economy has reached a value of $1.2 trillion, meme coin markets have experienced substantial gains this week, with the top five meme tokens recording both 24-hour and seven-day gains. According to recent data, pepe is leading the…
Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns
Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’
Bitcoin Mining Gets Tougher as Network Difficulty Reaches New Peak
Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future
[May 19, 2023 3:30 AM] Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a…
Can you recover stolen Bitcoin from crypto scams?
[May 16, 2023 1:32 PM] Recovering stolen Bitcoin from crypto scams is challenging due to the anonymous nature of blockchain transactions and jurisdictional issues.
PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High
[May 11, 2023 11:30 AM] The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5…
Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
[Apr 13, 2023 11:30 AM] According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly…
Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain
[Mar 28, 2023 11:30 PM] According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give…
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
[Mar 18, 2023 2:30 PM] After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to…
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
[Mar 14, 2023 3:30 PM] After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from…
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
[Mar 9, 2023 12:30 AM] The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that…
Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry
[Mar 7, 2023 2:30 PM] Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to hit $30 by 2025 and $40 by 2027, Keith Neumeyer…
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter
Crypto Exchange Bitfront Shuts Down Amid Industry Challenges
[Nov 29, 2022 3:00 PM] Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated…