Hut 8, a Bitcoin mining company based in North America, has made announcements about enhancing the efficiency of its Salt Creek mining site in Texas prior to the upcoming Bitcoin halving event. The company revealed these improvements in a statement on April 16. Based on the information provided, the miner activated one-third of its 63MW … Read more
Ripple, a company specializing in cross-border payments in the crypto sector, has issued a notice to XRP community members and the wider cryptocurrency audience. In this communication, Ripple alerts about potential risks related to cryptocurrency scams and offers essential guidance on recognizing and dodging such threats. Ripple Cautions About Scam Activities More recently on X … Read more
A well-known venture capital firm, Andreessen Horowitz (often referred to as a16z), has successfully finished a funding round, amassing a total of $7.2 billion during the process. a16z To Focus on American Dynamism and AI According to Axios, the original goal for a16z’s fundraiser was set at $6.9 billion. However, they managed to raise slightly … Read more
With increasing concern over America’s mounting debt, Galaxy Digital CEO Mike Novogratz issues a grave warning. He points out that among the 34 nations whose debt-to-GDP ratio hit 125%, just 33 were able to avoid restructuring their debts. Therefore, urgent action from the government is necessary to prevent a potential disaster. Novogratz strongly emphasizes the … Read more
John Deaton, a prominent supporter of XRP and cryptocurrency liberties, together with his current campaign for a US Senate seat, is reportedly pondering joining Coinbase’s legal team in their ongoing dispute with the Securities and Exchange Commission (SEC). This update comes as Coinbase applies for permission to bring an interlocutory appeal to the 2nd Circuit … Read more
The cryptocurrency market and Solana’s price are showing signs of a downturn. In the past month, Solana (SOL) experienced a greed period with 16 such days, leading to a drop of around 28% in its value. The last week has been particularly unfavorable for the “Ethereum challenger” token, resulting in a price decrease of over … Read more
The cryptocurrency Ethereum, which powers many smart contract platforms in the industry, experienced a significant drop in value. Within a week, it lost approximately 15% of its worth and fell below the important threshold of $3,000. This decline came as investors sought fresh liquidity due to uncertainty caused by recent tensions between Iran and Israel, … Read more
In Q1 of 2024, the South Korean Won (KRW) surpassed the US Dollar (USD) as the most traded currency against cryptocurrencies based on trading volume. According to a report by financial analytics firm Kaiko, over $456 billion worth of transactions in centralized cryptocurrency exchanges involved the Won during this period. The USD came in second … Read more
Meme coin WIF (based on Solana blockchain), currently priced at $2.68, experiences a 7% decrease – a clear indication of decreasing investor confidence and a bearish outlook among traders. The price drop signals a potential market downturn for Dogewifhat. Over the past day, the trading volume for this cryptocurrency has decreased by 15.15%, amounting to … Read more
USDb intends to utilize Merlin Chain’s efficient, scalable, and secure transaction foundation to expand the Decentralized Finance (DeFi) realm of Bitcoin (BTC), introducing new and innovative applications. Umoja’s synthetic dollar USDb kicks off on Merlin Chain Umoja, an innovative “intelligent money” system, has formed a lasting partnership with the forefront Bitcoin secondary network, Merlin Chain. … Read more