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Bitcoin Network Sees Second Largest Difficulty Reduction of 2024


On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty...

Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud


The Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and cryptocurrency scams. Nearly half of the 1,332 consumer...

Coinbase’s base blockchain sees record-breaking TVL surge


Coinbase’s layer 2 blockchain, Base, has witnessed a record-breaking hike in terms of total value locked (TVL) by investors in anticipation of its smart wallet. For the past three months, Base has been experiencing exceptional growth, leaving its competition, Arbitrum and Optimism, way behind....

After SEC ends Ethereum 2.0 probe, community sees Solana and Polygon safe


The US Securities and Exchange Commission recently announced dropping its investigation into Ethereum 2.0. This serves as a notification that it will no longer pursue its legal course to classify Ether as a security. Consensys is committed to seeking more clarifications via a legal course, and...

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