In a groundbreaking announcement, Jack Dorsey’s fintech company Block Inc. revealed the completion of its highly anticipated advanced Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project and sets the stage for the future of Bitcoin mining technology. Block’s three nanometre (3mn) Bitcoin mining chip represents a leap forward in
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The current state of Cardano (ADA) in the crypto market is not looking too promising as it struggles with its price and market cap rankings. ADA has recently dropped out of the global top 10 crypto rankings, with its price hovering just above $0.50 and experiencing a 3% decline. The market cap of ADA stands
In a bold move, the Blockchain Association and the Crypto Freedom Alliance of Texas have decided to take legal action against the US Securities and Exchange Commission (SEC). Their argument revolves around the SEC sanctioning a rule that redefines the parameters for what constitutes a “dealer” of securities. According to these groups, the SEC’s actions
In a recent statement to CryptoSlate, stablecoin issuer Tether declared its commitment to freezing any addresses associated with sanctioned entities. This decision comes after reports surfaced suggesting that certain state actors were using Tether’s USDT tokens to bypass US sanctions. A spokesperson for the firm emphasized, “Tether respects the Office of Foreign Assets Control (OFAC)
The Dork Lord token (DORK) has seen an astonishing increase of +83,810% in its price, catapulting its market cap from 168K to over 1.8M. The token, built on Solana, gained significant attention on Crypto X (formerly Twitter) after being endorsed by various SOL meme coin influencers and alert bots. Despite experiencing a quick rise in
Recent reports have surfaced regarding a new Ethereum whale that has been making significant purchases of ETH, totaling over $405 million since March 31. Speculations are running rampant that this whale may be none other than Tron founder Justin Sun. The blockchain research platform Lookonchain has shed light on this mysterious buying frenzy that has
The recent resignation of two SEC lawyers, Michael Welsh and Joseph Watkins, comes as no surprise given the controversies surrounding their handling of the legal case against crypto firm DEBT Box. According to reports, the two attorneys resigned in April after facing pressure from the regulator. It is concerning that neither lawyer responded to requests
The Hong Kong Securities and Futures Professionals Association (HKSFPA) has put forward a proposal to establish independent self-regulatory organizations (SRO) specifically dedicated to overseeing the digital assets sector. This initiative comes in response to the rapid growth and increasing complexity of the industry. The goal is to enhance the regulatory landscape in order to support
FTX, a defunct exchange, has announced plans to hold an auction for its remaining Solana token holdings, urging creditors to participate in the process. This decision comes after previous sales were done directly to venture capital firms, sparking controversy among retail investors impacted by the collapse of the exchange. Sunil Kavuri, a prominent FTX creditor,
The Brazilian stock exchange, B3, recently made headlines in the cryptocurrency space by introducing Bitcoin futures into its offerings. This move came after the announcement in March, and on April 17, the trading of Bitcoin futures officially commenced on the platform. The response from the market was overwhelming, with a significant milestone achieved on the
