In a remarkable turn of events, a Bitcoin mining device with a hashrate of just 500 gigahashes per second (Gh/s) managed to successfully mine a block on July 24. This accomplishment is truly extraordinary considering that the odds of such a device mining a block approximately every ten minutes are as low as 1 in
Crypto
The second day of trading for the spot Ethereum ETFs saw a significant withdrawal of more than $133 million from the largest financial vehicles. This led to a massive price drop in the underlying asset, with Ethereum’s price falling by 10% in a day. The initial reports suggesting that the approvals might result in a
The ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) continues to captivate the cryptocurrency community. With recent developments hinting at a possible resolution in the near future, experts and investors are closely monitoring the situation. In this article, we will delve into the latest updates surrounding the Ripple vs.
Cynthia Lummis recently released a report challenging the Biden administration’s proposal to impose a 30% excise tax on the energy consumed by Bitcoin miners. In her argument, Lummis raised concerns about the detrimental effects this tax could have on the growing Bitcoin mining industry in the United States. She criticized the administration for what she
In a groundbreaking development, the team at BitcoinOS (BOS) achieved a significant milestone by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement marks a pivotal moment in blockchain history, as it paves the way for revolutionary advancements in Bitcoin’s scalability and functionality without the need for modifications to its core
In early July, Mt. Gox, the long-defunct crypto exchange, began the process of repaying creditors affected by the 2014 hack. Interestingly, while Kraken has successfully distributed all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the price of the former remained stable. This stability could potentially be attributed to the cautious behavior of
Ethereum’s price has been consolidating above the 100 and 200-day moving averages, signaling a bullish trend in the market. The price broke above the critical 100-day moving average at $3,354 and entered a period of sideways fluctuation, indicating an equilibrium between buyers and sellers. However, with the launch of spot ETH ETFs and a significant
Shiba Inu (SHIB) has experienced a significant drop in price over the past week, with experts suggesting that this downward trend may continue in the short term. The decline, which amounts to approximately 13% according to CoinGecko’s data, has raised concerns among investors and analysts alike. One industry observer even went so far as to
The arrival of spot Ethereum ETFs in the United States on July 23 has sent shockwaves through the crypto market. One of the major players, Grayscale, saw its newly converted Ethereum Trust (ETHE) experience a staggering loss of $484 million on the first day of trading. This indicates a potentially rocky road ahead for the
In early July, the Coinbase premium turned positive after a period of concern following a dip in mid-May. This significant shift has sparked speculation about a potential resurgence of institutional interest in Bitcoin. According to research from Kaiko, the Coinbase premium plays a crucial role in measuring institutional sentiment in the cryptocurrency market. The Coinbase
