California’s Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles using the Avalanche (AVAX) network. This collaboration with software development firm Oxhead Alpha aims to streamline the state’s title transfer process, eliminating the need for in-person office visits. The upcoming mobile application, set to launch early
Crypto
Nader Al-Naji has found himself in hot water with both the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) for allegedly orchestrating a fraudulent crypto asset scheme involving BitClout and its native token BTCLT. The allegations state that Al-Naji raised a staggering $257 million through unregistered offers and sales of BTCLT
Bitcoin’s price recently experienced a notable decrease after breaking down the $64K support level. This has put the price in a crucial area that could potentially determine the mid-term fate of the crypto market. On the daily chart, the price has been on a downward trend since forming a double top pattern at the $68K
The recent discoveries made by on-chain investigator ZachXBT have shed light on the involvement of convicted UK hacker Gurv in the cyber compromises of American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These incidents resulted in over $530,000 being stolen through Solana meme coin scams. On July 2nd, Sydney Sweeney fell prey to
Bitcoin (BTC) miners are experiencing a boost in profitability, which could potentially lead to a decrease in selling pressure from this group of market participants. Following Bitcoin’s rally to $69,000, the cryptocurrency’s hashrate has seen a recovery, now only 3% lower than its all-time high compared to 8% on July 9. This resurgence in hashrate
The recent economic uncertainty in the United States has had a significant impact on the cryptocurrency market, particularly on the price of Bitcoin. In the past day, Bitcoin’s price experienced a sharp decline, dropping to $60,500 for the first time in almost three weeks. This downward trend was mirrored by several other altcoins, with assets
Bitfarms, a Toronto-based Bitcoin mining company, recently reported that its operational hash rate reached an impressive 11.1 EH/s by the end of July. This marked a significant 109% increase compared to the previous year, showing the company’s continuous growth and development in the industry. Additionally, there was a 7% rise in hash rate month-over-month, with
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has recently entered the retail cryptocurrency trading scene in the city-state. This decision marks a significant step towards attracting more investors by offering the opportunity to trade popular cryptocurrencies such as bitcoin and ether. Futu Securities International has partnered with HashKey
MicroStrategy, known for being the largest public Bitcoin holder in the world, recently revealed its intention to raise up to $2 billion through the sale of its class A shares. This announcement was made in a regulatory filing with the U.S. Securities and Exchange Commission. While the company did not specify a timeline for the
Over the past few weeks, XRP has experienced quite a tumultuous journey in terms of its price movements. The cryptocurrency started off strong, rallying to a four-month high of $0.66, only to plummet to around $0.56 in just a few days. This 7% decrease on a daily scale and 14% decline since its local top
