On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer did not disclose who offered the funds and how much…
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Russian bitcoin (BTC) miners reportedly used a whopping 1.25 gigawatts (GW) of electrical power to fuel their activities in 2021, almost double their total for 2020 – as the industry continues to expand in the nation. Per Novie Izvetiya, Intelion Data Systems experts calculated that altcoin mining efforts last year may have used up to…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Do Kwon Reportedly Lawyers Up, Colombia May Fight Tax Evasion with Digital Currency, Unstoppable Domains Lunches App + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Amid the ongoing surge in the so-called ‘creator economy’ which allows creators to monetize their work in new ways, non-fungible token (NFT) platform PlayNFT is launching a new marketplace to allow Twitch streamers and YouTube creators to roll out branded NFTs with in-game utility intended for their communities, per a press release shared with Cryptonews.com. … Read…
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Cointelegraph Research explains the EC-STARKs technology and discusses what this means for the cryptocurrency market. For all the good that Bitcoin brings to the table, it also possesses a commonly accepted issue in scalability. Bitcoin can only process a limited number of transactions per block and, as of Aug. 17, 2022, can handle about five…
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Other Manchester United-related assets also rallied after Musk’s tweet, as well as Manchester City’s fan token. Manchester United Fan Token (MUFC) is a dead coin and not related to the sports franchise, but one Elon Musk tweet was enough to revive it on Aug. 17. Also, I’m buying Manchester United ur welcome — Elon Musk…
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The Merge will still reduce the network’s energy consumption by an estimated 99.5%. According to a new clarification statement by the Ethereum Foundation on Wednesday, the network’s upcoming proof-of-stake transitory upgrade, dubbed the “Merge,” will not reduce gas fees. Regardin this, the Ethereum Foundation wrote: “Gas fees are a product of network demand relative to…
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The venture firm, which was founded in 2021, is prioritizing decentralized social media, DAOs, DeFi, metaverse, zero-knowledge proofs and layer-1 solutions. Shima Capital, a new venture firm focused on early-stage blockchain projects, has launched its debut fund to support emerging digital asset companies — and has received considerable backing in doing so. The Shima Capital…
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The bottom “is not in” for either stocks or crypto, one analyst believes, as alarming data shows copycat moves from 2008 by the S&P 500. Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar climbs…
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Bitcoin continued to trade below $24,000 today, as the token fell for a fourth consecutive session. Following last week’s bullish run, upwards momentum in crypto has eased, leading to a return of bearish sentiment. Ethereum was also lower, as it dropped below its resistance of $1,885. Bitcoin Bitcoin (BTC) fell for a fourth consecutive session…
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