Bitcoin experienced a rollercoaster ride during the Christmas holidays, trading above $43,000 for most of the season. However, in the past 24 hours, it failed to maintain its momentum, resulting in a significant drop in price. This downward trend has also affected most altcoins, with only Binance Coin and Solana managing to stay in the
Crypto
The year 2023 proved to be a remarkable one for digital assets, especially in the case of Bitcoin. The price of Bitcoin surged by over 172%, a staggering increase that surpassed all expectations. What’s even more impressive is that during this surge, there was a correction of less than 20%, highlighting the strength and resilience
Bitcoin miners have experienced significant growth in their daily transaction fee revenue in 2023. According to data from Coinmetrics, miners are now collecting an average of $2 million per day, which marks a 400% increase compared to the previous year. This surge in revenue has added to the total of $57 billion that miners have
Bitcoin has experienced a remarkable surge in value this year, soaring from around $16,500 at the beginning of the year to nearly $44,000 at present. This impressive growth has led many experts to believe that Bitcoin’s upward trajectory is far from over. In fact, industry data provider Kaiko suggests that Bitcoin is poised for a
In a landmark decision, the EthereumPoW (ETHW) organization has announced its dissolution, marking a significant step towards its goal of achieving complete decentralization. The move comes after extensive discussions and a consensus among the majority of members, in line with the commitments made during the initial fork. The dissolution of the EthereumPoW Core development team
Paxos, the New York-based stablecoin issuer, has recently announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform. This move marks a significant milestone for Paxos in the competitive stablecoin landscape, as it seeks to reach a wider audience of everyday consumers. With rivals such as Circle and Tether also vying for
On the 30th of July, the Curve Finance community was dealt a severe blow when four of its mining pools fell victim to an exploit, resulting in a staggering loss of $73.5 million. The exploit took advantage of a re-entrancy bug in the Vyper programming language, allowing hackers to siphon funds from the pools. In
The Securities and Exchange Commission (SEC) has been facing a battle with the crypto industry over the approval of a Bitcoin exchange-traded fund (ETF). While a U.S. circuit court in Washington D.C. recently ordered the SEC to revisit its rejection of a Bitcoin ETF application by Grayscale, the outcome is still uncertain. This article will
In March 2022, Mikhail Klyukin, a Russian banker under White House sanctions, made headlines when he sold over £15m in shares of UK-based cryptocurrency firm Copper Technologies. The involvement of Copper Technologies, chaired by former Chancellor Philip Hammond, in this transaction has sparked concerns about the transparency of cryptocurrency transactions and the potential evasion of
In the midst of a crypto market downturn and the rise of global interest rates, investors have started to shift their focus towards artificial intelligence (AI). While Bitcoin remains a significant player, experts are predicting that AI will take center stage in the coming years. According to a recent projection by Nansen, AI agents are
