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Report: EU Represents Just 6% of Bitcoin Mining Hashrate, US Significantly Leads China
31.12.2023
The countries in the European Union collectively account for 6% of the Bitcoin network’s hashrate while the U.S. has emerged as the world’s number one bitcoin miner, a new report has said. The economic bloc’s bitcoin mining prospects are however being hamstrung by geopolitical tensions...
Bitcoin Price Prediction as BTC Drops Below $43,000 – Dip Buying Opportunity?
29.12.2023
In the ever-shifting realm of cryptocurrency, Bitcoin (BTC/USD) confronts a pivotal moment on December 29, as it grapples with significant technical barriers. Currently trading at $42,012, Bitcoin has witnessed a 1.00% decrease over the past day, amidst robust trading activity amounting to $24.68...
Crypto Ban in Nigeria Stalls eNaira Adoption Despite Global Recognition
29.12.2023
Source: AdobeStock Chinedu Albert, a legal expert specializing in Nigerian tech and innovation, has attributed the challenges facing the adoption of the eNaira, the Central Bank of Nigeria’s digital currency (CBDC), to a previous crypto ban. In an exclusive interview with Cointelegraph...
Defi Platform Levana Protocol Says $1.14 Million Was Lost During an ‘Oracle Attack’
29.12.2023
The decentralized finance platform Levana Protocol confirmed on Dec. 27 that unknown attackers had drained approximately $1.14 million from the liquidity pool. The Levana team however insisted that the issue has “been fixed and opening positions will relaunch next week.”...
This Solana Alternative is poised to beat the Market Cap of SOL, hint Experts
29.12.2023
In the ever-evolving world of cryptocurrencies, competition among blockchain platforms is fierce. Solana (SOL), with its lightning-fast transactions and impressive scalability, has secured its spot among the top cryptocurrencies. However, there’s a new contender on the horizon that’s...
Grayscale Adopts Cash Model for Spot Bitcoin ETF but Warns of ‘Adverse Consequences’
28.12.2023
Grayscale Investments has adopted the cash creation model, instead of the in-kind model, for its proposed spot bitcoin exchange-traded fund (ETF). However, the crypto asset manager warned of adverse consequences. “A spot commodity exchange-traded product that only employs cash creations...
This Shiba Inu Alternate Has the Power To Pump Like SHIB
26.12.2023
The “meme coin” phenomenon, sparked by Dogecoin (DOGE) and amplified by Shiba Inu (SHIB), has captured the imagination of investors and the crypto world alike. These tokens, often featuring dog-themed branding and lighthearted communities, have achieved astonishing price surges, leaving...
This Shiba Inu Rival will match the Market cap of SHIB in 2024, reckon experts
25.12.2023
In the dynamic world of cryptocurrencies, the emergence of new and innovative tokens regularly reshapes the market landscape. Shiba Inu (SHIB) has been a remarkable success story, capturing the imagination of investors worldwide. However, as we move towards 2024, a new contender is emerging, poised...
Will This Cardano Rival Reach Higher Trading Volumes Than ADA?
24.12.2023
The Cardano (ADA) blockchain has established itself as a prominent player in the cryptocurrency world, known for its fast transaction speeds, secure infrastructure, and commitment to sustainability. However, a new challenger has emerged from within the Ethereum ecosystem: Retik Finance (RETIK)....
Law Offers Fast-Track Citizenship for Bitcoin Donations to El Salvador, Report Says
24.12.2023
Under El Salvador’s recently approved immigration reform law, foreigners who donate to the government’s social and economic development programs will be eligible for expedited citizenship. However, the reform law does not reveal the amount of bitcoins that foreigners must donate...
Cogwise Revolutionizing Stock and Cryptocurrency Trading: Here’s Why it Will be the Next Big Thing in Crypto!
24.12.2023
The world of cryptocurrency has seen a surge in popularity over the past few years, with many investors turning to digital currencies as a way to diversify their portfolios. However, with the increasing number of cryptocurrencies on the market, it can be difficult to make informed investment...
SEC ‘Deeply Regrets’ Errors in Case Against Crypto Firm But Tells Court Sanctions Are Not Warranted
24.12.2023
The U.S. Securities and Exchange Commission (SEC) says that it “deeply regrets” the errors made in the case against crypto firm Debt Box after the court found that the agency made “materially false and misleading representations.” However, the SEC claimed that sanctions are...
Swapping Crypto Fast Made Easy With Exolix
24.12.2023
The crypto market has become part of the global financial landscape, with investors looking to purchase digital assets on different exchanges. However, for investors who value their privacy, buying crypto without completing a form of identity verification process can be challenging, especially with...
GHO Stablecoin Fails to Enforce Dollar Peg Amid Criticism, Receives D Grade From Bluechip
22.12.2023
Roughly three weeks ago, Bitcoin.com News covered the stablecoin GHO, when it achieved a notable milestone by reaching $0.98 per coin. However, on December 11, the token experienced a slight dip, hitting $0.975 per unit. Despite some improvement in its stability, the stablecoin has still...
Is It Too Late to Buy Optimism? OP Price Rockets Up 26.8% as the Latest Meme Coin Prepares to Launch
22.12.2023
Leading layer-2 scaling solution Optimism has experienced a strong week’s performance on the market, with OP price rocketing up +26.8% – leaving some side-lined traders asking ‘Is It Too Late To Buy Optimism?’. Markets have been invigorated by the explosive upside move by...
Hedge Funds Have Been Using this AI Tool to Eliminate Risk – Now It’s Available to the Public
22.12.2023
Investing in the financial markets can be high-risk, potentially resulting in significant losses. However, with the advent of artificial intelligence (AI), major investment firms and hedge funds have started pouring money into powerful AI tools that use deep neural networking to mitigate trading...
Will the Next Bull Market Repeat the Success of “DeFi Summer”? It Depends on Seamless Cross-Chain UX
21.12.2023
Interoperability, enabling seamless transactions and communications across multiple blockchains, has long been a goal of crypto developers. Only with truly seamless interoperability is it possible to unlock the network effects of blockchain ecosystems, allowing liquidity and users to flow between...
18 Cryptos to Watch in 2023
21.12.2023
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Brimming with potential, the cryptocurrency industry is a bona fide Eden of opportunity, although finding the right cryptos to watch in 2023 can be...
Judge Kaplan Rejects Bankman-Fried’s Request for Sentencing Delay, Affirms March 2024 Date
21.12.2023
In a recent development in the high-profile case of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, a request for postponement of the sentencing hearing was firmly denied by U.S. District Judge Lewis Kaplan. Bankman-Fried’s legal team had sought a four to six-week...
Coinbase Ending ‘Givecrypto’ Initiative — ‘We Were Unable to Create a Lasting Impact’
19.12.2023
Crypto exchange Coinbase is winding down Givecrypto, a nonprofit set up to provide crypto to those in need. “Over the years, Givecrypto distributed cryptocurrency to thousands of individuals in need,” Coinbase said. However, the exchange admitted: “We were unable to create lasting change purely...