Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a key development for the broader crypto economy. Coinbase Publishes Q2 2024 Earnings and Shareholder…
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The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle as Bitcoin Difficulty Reaches New Peak On Wednesday, at block height 854,784, Bitcoin’s…
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Following the activation of a dormant bitcoin address from 2017, which transferred 210 bitcoins at block height 854,501, another inactive wallet created on April 9, 2017, moved 777.91 BTC worth over $52 million roughly 35 blocks later. Notably, the owner of the bitcoin might be the same entity that moved 121.63 BTC a day ago…
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Before bitcoin (BTC) hit an intraday peak of $70,016 per unit on Bitstamp on Monday, a dormant bitcoin wallet from July 27, 2017, moved 210 BTC, valued at over $14 million. 2017 Bitcoin Wallet Activity Resurfaces, 210 BTC Moved Ahead of $70K Peak In recent days, several long-inactive bitcoin addresses from 2017 have been reactivated.…
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According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held as reserves. DOJ-Labeled Wallet Transfers More Than 29,000 Bitcoins…
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21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With…
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On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin blockchain parser identified a transfer from a 2017 address, moving…
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According to Josh Neuroth, the Vice President of Product at Quicknode, Layer-2 (L2) scaling solutions known as zero-knowledge (ZK) rollups can potentially solve the most pressing issues in blockchain technology. Hence, the buzz around them is “well-founded.” He added that unlike the speculation-driven non-fungible token (NFT) frenzy, interest in ZK rollups is grounded in their…
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Even though the crypto market has been quite unstable, Ethereum Name Service (ENS) has been showing a lot of growth potential. ENS has shown it can bounce back with an almost 4% rise in the last week. Its success over the last 30 days has been even better, with a 15% increase. People think that…
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The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The program, called the “AI Expertise Blockchain and Technology Training and Outsourcing Initiative,” aims to position Nigeria as a leader in digital transformation in Africa. The government is partnering with Gluwa, a…
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