AXS was trading lower on Wednesday, after it was reported that the Axie Infinity network Ronin suffered a breach, leading to hackers stealing over $620 million from the blockchain-based trading and battling game. This came as ZIL was trading by over 50% higher during the session. Zilliqa (ZIL) Zilliqa (ZIL) was up by over 50%…
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During the last month, Bitcoin’s hashrate has been coasting along above the 200 exahash per second (EH/s) zone, minus a number of drops here and there above and below that range. Following two difficulty changes that saw the difficulty decrease by 1.84%, the network’s difficulty is expected to increase 4.24% within the next 13 hours.…
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In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From Crackdown on Illegal Mining Since 2020, Malaysian authorities have detained a total of…
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Nifty Gateway, the non-fungible token (NFT) marketplace has announced that the company has partnered with the electronics giant Samsung. The two firms have been working on the “first-ever smart TV NFT platform” and Nifty Gateway is already integrated into Samsung’s 2022 premium TV product lines. NFT Marketplace Nifty Gateway Partners With the Electronics Giant Samsung…
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A whopping 88% of high-net-worth (HNW) traditional art collectors say they are interested in buying digital art in the form of NFTs, a new report on the art market for 2022 has found. According to The Art Market 2022 report, which is published jointly by the annual art exhibition Art Basel and Swiss banking…
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BTC and altcoins could enter a short consolidation phase before retesting their breakout levels, a sign that the current price action could be a buying opportunity. Bitcoin’s (BTC) rally is taking a breather near the 200-day simple moving average (SMA) and that has resulted in what is either a minor pullback or consolidation in BTC…
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The zero-knowledge-based platform is expected to be fully operational in Q3 of 2022. Layer-2 Ethereum scaling solution, Polygon (MATIC) has announced the establishment of Polygon ID, an identity platform designed to complement the decentralized finance and decentralized application (DApp) economies by providing users greater privacy and sovereignty within Web3. Professed to be the first identity…
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As the European Union institutions are advancing their discussions on the controversial Transfer of Funds Regulation (TFR), crypto industry representatives are looking to hamper the proposal’s potentially harmful impact on the sector’s future development…. Read More: Crypto Industry Rallies Ahead of Vote on Controversial EU Crypto Regulation Read more »Pay, Trade, Buy Bitcoin with…
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Bitcoin (BTC) mining difficulty seems likely to break another record in a matter of hours, yet again cutting into the decreasing profit margins of miners. At 14:47 UTC, it is estimated that the Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, will rise some 4.19% in less…
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If nation-states held their reserves in Bitcoin, instead of fiat, they would be less incentivized to go to war, says chief strategy officer at the Human Rights Foundation, Alex Gladstein. Alex Gladstein, the chief strategy officer at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be…
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