As the countdown to the fourth halving event continues, Bitcoin miners are displaying a high level of operation on the blockchain. The mining difficulty metric, a critical aspect of the Bitcoin blockchain, experienced a significant uptick of more than 8% recently, reaching a new all-time high. This resilience in the face of challenges such as
Crypto
The price of XRP saw a surge above the $0.57 mark in the last 24 hours, a significant rise of more than 10% compared to its value on February 9th when it was trading below $0.52. As always, XRP has been subject to intense speculation, and this time is no different. Analysts and traders are
Tron Founder Justin Sun has recently unveiled a groundbreaking Bitcoin Layer 2 roadmap, aiming to revolutionize the BTC network by enhancing scalability, speed, and security. This protocol also strives to integrate TRON tokens with the Bitcoin blockchain, enabling seamless interactions and interoperability. Sun’s announcement on February 15 highlights TRON’s commitment to the future of blockchain
Genesis Global, a leading digital asset trading firm, has received approval from the bankruptcy court to sell a substantial number of shares in Grayscale Bitcoin Trust (GBTC). This decision, made by U.S. Bankruptcy Judge Sean Lane during a court hearing in New York, grants Genesis the authority to liquidate its holdings, including Grayscale Ethereum Trust
Crypto wallet users are currently facing a new wave of scams that exploit deceptive user interfaces (UIs), according to Hayden Adams, the founder of Uniswap. These scams involve fake clones of Ethereum Name Service (ENS) domains, which are used to deceive unsuspecting users and potentially steal their funds. In this particular scam, fraudsters purchase ENS
The court battle between Changpeng Zhao, commonly known as CZ, and the United States government has taken an unexpected turn. A notice filed in a Seattle court reveals that the verdict, initially expected later this month, will now be delayed until the 30th of April. This extension will undoubtedly prolong the anticipation, anxiety, and speculation
It has been confirmed by lawyers representing FTX that the possibility of restarting the defunct exchange has been officially scrapped. Instead, the company will dissolve completely once all debts have been paid off. The lawyers are confident that full repayment to creditors is an attainable objective, albeit in the form of the dollar value of
In the latest run for Bitcoin, the cryptocurrency has reached a new monthly peak at $48,600. After a period of sideways trading, Bitcoin experienced a surge in price following last week’s volatility. The bulls took control of the market, causing the price to climb above $47,000 by the end of the business week. Over the
Chinese Bitcoin miners have identified Ethiopia as a strategic location for their operations, driven by the allure of affordable energy and favorable climates. With regulatory restrictions in China prompting them to seek alternative options, local Bitcoin miners are now exploring countries that offer low electricity costs and friendly regulations. Among these destinations, Ethiopia stands out
Bitcoin has continued its positive price performances, reaching new heights in the past 24 hours. The cryptocurrency surpassed $48,000, marking a new monthly peak. This surge in value is not limited to Bitcoin alone, as altcoins are also experiencing gains. Ethereum (ETH) has reached $2,500, while Solana (SOL) has made a significant jump to $110.
