Bitcoin News / Bitcoinist - 9 months ago
Santiment, a blockchain analytics firm, shows that Chainlink’s development activity has been rapid since late May 2023. A metric that tracks the continuous enhancement of Chainlink, a blockchain-agnostic platform that links decentralized apps (...
Bitcoin News / Bitcoinist - 9 months ago
Over two years since Ethereum merged its proof-of-work layer with the proof-of-stake Beacon Chain via “The Merge,” the network has burned over half of all ETH issued. Ultra Sound Money data on August 7 shows that out of the over 6.5 milli...
Bitcoin News / Bitcoinist - 9 months ago
In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.
This development comes shortly after the House Financial Services Commi...
Bitcoin News / Bitcoinist - 9 months ago
Data shows the Litecoin mining hashrate is approaching a new all-time high, despite miners earning half the rewards since the halving.
Litecoin Mining Hashrate Is Close To Setting A New All-Time High
Like Bitcoin, Litecoin is a proof-of-work (PoW) ne...
Bitcoin News / Bitcoinist - 9 months ago
According to a recent report by CNBC, the United States Securities and Exchange Commission (SEC) is rapidly approaching a key deadline for making a ruling on ARK’s application for a Bitcoin (BTC) Spot Exchange Traded Fund (ETF).
With the globa...
Bitcoin News / Bitcoinist - 9 months ago
Dogecoin’s popularity seems to be growing nonstop as the meme coin has now made its way into popular culture. The digital asset’s recent performance on the popular animated show Futurama outlines the far reach of this cryptocurrency which was created...
Bitcoin News / Bitcoinist - 9 months ago
The allure of altcoins and their incredible returns when crypto is bullish keeps investors buying the high beta assets. This comes with higher levels of risk and volatility.
The altcoin market appears to be possibly be ready for final capitulation, a...
Bitcoin News / Bitcoinist - 9 months ago
In a surprising turn of events, the NFT community seems to have gotten a reprieve from NFT thefts following a report by Peckshield which revealed that NFT thefts have dropped by 31% in July.
NFT Thefts on The Decline
Non-fungible tokens (NFTs) have...
Bitcoin News / Bitcoinist - 9 months ago
Binance, the largest crypto exchange in the world, just released its latest report for its reserves. Following the FTX liquidity issue debacle, crypto exchanges have periodically published reports of their reserve holdings to address investor concern...
Bitcoin News / Bitcoinist - 9 months ago
Curve Finance witnessed a hack attack that drained over $61 million from its Vyper-based liquidity pools on July 30. The report revealed the attacker leveraged a vulnerability in Curve’s Vyper 0.2.15 reentrancy lock.
After the hack, the protocol offe...
Bitcoin News / Bitcoinist - 9 months ago
Popular decentralized finance (DeFi) platform MakerDAO has blocked US-based users’ access to its lending platform Spark Protocol. However, it remains unclear when Spark Protocol implemented this measure to restrict US users.
Extra Efforts To Re...
Bitcoin News / Bitcoinist - 9 months ago
Shytoshi Kusama, the lead developer of Shiba Inu, has provided intricate details on the project’s intention to incorporate a Self-Sovereign Identity (SSI) feature into Shibarium. A new blog post has prompted a meticulous analysis from the SHIB...
Bitcoin News / Bitcoinist - 9 months ago
The countdown has begun for a significant shift in the world of cryptocurrencies as a new US law gears up to reshape the landscape. Set to be enacted on January 1, 2024, this regulation mandates American businesses to collect personal information fro...
Bitcoin News / Bitcoinist - 9 months ago
Chainlink has suffered a 6% blow during the past week as the asset’s downtrend continues. Does the coin have any hope for a turnaround soon?
Chainlink Has Been On A Decline Since Top Back In July
Last month, LINK observed a sharp surge where it...
Bitcoin News / Bitcoinist - 9 months ago
Amid an increase in illicit activities driven by cutting-edge techniques, China’s crackdown on emerging technologies persists, with a primary focus on combating schemes that exploit crypto and artificial intelligence (AI). The Communist Party o...
Bitcoin News / Bitcoinist - 9 months ago
According to a press release, payment company PayPal launched a U.S.-backed stablecoin called PayPal USD (PYUSD). The digital asset is supported by short-term US treasuries and their cash equivalents, and other assets in the nascent sector, such as T...
Bitcoin News / Bitcoinist - 9 months ago
Ripple Labs, a leading name in the blockchain industry, has faced significant setbacks over the past few years, mainly due to a drawn-out lawsuit with the US Securities and Exchange Commission (SEC). As discussions and debates surrounding the lawsuit...
Bitcoin News / Bitcoinist - 9 months ago
An Ethereum-based blockchain tool known as Salsal is under development, set to transform the way museums and cultural institutions manage and safeguard their invaluable historical collections.
Spearheaded by Mark Altaweel, a distinguished professor...
Bitcoin News / Bitcoinist - 9 months ago
In a recent development, the attention of crypto Twitter has been captured by a string of transactions that occurred on the Blur NFT marketplace. The transactions have raised questions of legality after a creative trader with the name, Hanwe Chang,...
Bitcoin News / Bitcoinist - 9 months ago
For the Bitcoin and crypto market, the upcoming week promises to be a pivotal one. While the US Consumer Price Index (CPI), Jobless Claims, Producer Price Index (PPI) and Michigan Consumer Sentiment are all on the horizon, three events stand out as p...
Bitcoin News / Bitcoinist - 9 months ago
OPNX Exchange emerges as a potential savior for crypto lender Hodlnaut as it navigates the complexities of bankruptcy proceedings. A recent report from Bloomberg reveals that the exchange has extended a lifeline to the struggling company. By presenti...
Bitcoin News / Bitcoinist - 9 months ago
In a recent series of tweets, Adam Cochran, a well-known analyst in the crypto community and angel investor, has raised serious concerns about the solvency of Huobi, the world’s 12th largest crypto exchange by spot volume. This comes in the wak...
Bitcoin News / Bitcoinist - 9 months ago
Latvijas Banka highlighted the decline in interest and use of cryptocurrency among Latvians in its “Financial Stability Report” for 2023.
Only 4% of people, down significantly from the 8% seen in February 2022, bought crypto assets, the c...
Bitcoin News / Bitcoinist - 9 months ago
The Central Bank of Honduras (BCH) has taken a significant step toward the potential launch of its own central bank digital currency (CBDC) by initiating a pilot study and opening a public consultation. The move comes as part of the bank’s effo...