91 / 255 Relevant items tagged with #cryptocurrency
Posts: 7,636
Posts
Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s
[Jun 3, 2024 8:15 AM] Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has…
Blockchain Sleuth Zackxbt Called out Floyd Mayweather on Token Scams
Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot
[Jun 3, 2024 7:12 AM] Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest…
Ethereum Technical Analysis: Bulls Face Critical Resistance at $3,900
Bitcoin Technical Analysis: Bulls Poised for Next Leg up, Targeting $70K
[Jun 3, 2024 5:37 AM] Over the past hour, bitcoin’s price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market…
Elizabeth Warren: Crypto Prominent in the Global Fentanyl Trade Over the Last Decade
[Jun 3, 2024 5:22 AM] Two U.S. Senators, Elizabeth Warren and Bill Cassidy, have asked the Biden adminstration to furnish them with updates on what the U.S. government is doing to curb the use of crypto in fentanyl trafficking. According to Warren and Cassidy…
Hackers exploit Chrome plugin to steal millions from Binance accounts
[Jun 3, 2024 4:43 AM] The promotional plugin steals cookies from users, which hackers use to bypass password and two-factor authentication verification and log into the victim’s Binance account.
Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under a Satoshi
[Jun 2, 2024 10:34 PM] Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media…
Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams
[Jun 2, 2024 8:23 PM] Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant…
Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin
[Jun 2, 2024 7:31 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials…
Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect
[Jun 2, 2024 6:20 PM] Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating…
Coinbase’s Legal Chief: SEC Is Bent on Choking the Digital Asset Industry
Veteran Trader Peter Brandt Predicts 100 Oz of Gold per Bitcoin
[Jun 2, 2024 3:25 PM] Veteran trader Peter Brandt, with over four decades of experience, has highlighted bitcoin’s consistent gains against gold since its inception, foreseeing that 100 ounces of gold will be needed to buy a bitcoin. Meanwhile, Peter Schiff has…
Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent
[Jun 2, 2024 2:20 PM] Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the…
Crypto Voter Backlash: How Biden’s Veto May Have Cost Him the 2024 Election
[Jun 2, 2024 1:32 PM] After a period of intense scrutiny of the cryptocurrency industry, many speculated that the Biden administration had reversed its stance by allowing the U.S. Securities and Exchange Commission (SEC) to approve several spot ethereum exchange-traded…
Banking Associations Support Resolution to Overturn SEC’s Controversial Crypto Rules
[Jun 2, 2024 12:35 PM] The American Bankers Association, Bank Policy Institute, Financial Services Forum, and Securities Industry and Financial Markets Association sent a letter to President Joe Biden on May 31, urging him to sign the resolution passed by Congress to…
Inside the Crypto Fortunes of Justin Sun, Vitalik Buterin, and Other Influencers
[Jun 2, 2024 11:33 AM] According to analytics, several prominent crypto influencers hold substantial amounts of money onchain. For example, Tron founder Justin Sun has more than $1 billion in crypto assets. Ethereum co-founder Vitalik Buterin’s associated…
Pro-Bitcoin President Bukele Begins Second Term in El Salvador
[Jun 2, 2024 10:46 AM] The pro-bitcoin president of El Salvador, Nayib Bukele, commenced his second term on June 1 at the National Palace in San Salvador, with his family and a large crowd in attendance. Despite rising economic concerns, Bukele’s popularity remains…
Musk vs. Nakamoto: A 210% Bitcoin Surge Could Change the World’s Wealth Rankings
Bitmain Launches Antminer L9 With Enhanced 16 GH/s Capacity for Scrypt-Based Coins
[Jun 2, 2024 9:21 AM] 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…
Sleepy Crypto Market ‘May Get Caught Offside’: QCP Capital Eyes Bullish Shift in Ethereum
[Jun 2, 2024 8:46 AM] 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…
Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD
[Jun 2, 2024 8:10 AM] 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…
Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in Texas
Nigeria’s interest in Bitcoin unfazed by regulatory restrictions
[Jun 2, 2024 7:01 AM] Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.
Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives
[Jun 2, 2024 7:01 AM] 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…
Nigeria seeks crypto clarity one year into Tinubu’s tenure
[Jun 2, 2024 3:33 AM] Nigeria's young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry.
Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms
[Jun 2, 2024 2:05 AM] In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth…
Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
[Jun 1, 2024 8:32 PM] Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by…