The Bitcoin mining industry experienced an unprecedented boom in March, raking in over $2 billion to secure the leading cryptocurrency network. Data from Blockchain.com reveals that miners collectively averaged a staggering $65.23 million per day over the course of the month. This figure surpassed the previous two months’ 30-day averages of $48.31 million in February
Blockchain
The popular Solana meme coin, DogWifHat (WIF), experienced a significant decline today, shedding 17% of its value in the last 24 hours to trade at $3.69. This drop in WIF’s price is part of a broader market pullback that saw market leaders Bitcoin and Ethereum lose around 5% overnight. Bitcoin is currently trading at $66,313,
Recent data from the blockchain analysis platform Arkham Intelligence reveals that Tether, the world’s largest stablecoin issuer, has increased its Bitcoin holdings significantly. On March 31, Tether acquired 8,888 Bitcoin, bringing its total BTC holdings to nearly 75,400. This move positions Tether as one of the largest Bitcoin holders in the market, surpassing even some
The recent report by blockchain security firm PeckShield for March 2024 has highlighted a worrying trend in the cryptocurrency industry. Despite an overall improvement in investor sentiment, the report indicates that there has been a significant increase in crypto hacks, resulting in losses amounting to approximately $187.29 million. One of the most shocking incidents mentioned
The collaboration between WAX and Amazon Web Services (AWS) has brought about a significant change in the development process of blockchain-based games and applications. By integrating WAX’s blockchain tools into the Amazon Managed Blockchain (AMB) service, developers now have direct access to WAX’s Web3 networks through the AWS console. This integration makes deploying WAX blockchain
In the wake of the October 7th attacks on Israel, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have intensified their efforts to crack down on entities associated with terrorism financing through cryptocurrency. This crackdown has led to the imposition of fresh sanctions on two
Cardano (ADA), the proof-of-stake blockchain platform, continues to make significant progress in technological advancements, as reported by Input Output Hong Kong (IOHK), the engineering firm responsible for the Cardano blockchain. The recent announcement by IOHK highlights crucial improvements across various aspects of the platform, signaling further growth and development for Cardano. One area of notable
Following the devastating earthquakes in Turkey on February 6, the Binance Women in Technology Academy, in partnership with the Women in Technology Association (Wtech), has redirected its focus towards the southern province of Hatay. Specifically, the Academy organized a two-day program on March 26-27 in Hatay’s Antakya district with the goal of empowering young female
The hacker who stole $11.6 million from Prisma Finance’s decentralized finance (DeFi) protocol has claimed that the exploit was a “whitehat rescue” in on-chain messages. This term refers to hackers who use their skills to find security vulnerabilities in software code. The attacker sent a message six hours after the hack, stating that the intention
Parallel, the groundbreaking sci-fi NFT card game, recently secured $35 million in funding from a variety of investors. The game, which utilizes the Ethereum blockchain and Base layer-2 chain, made the announcement in a post dated March 28th. The investment round attracted support from reputable entities such as Distributed Global, The Operating Group, VanEck, Solana