In the month of August, data from bitcoin on-chain analysis platform Bitbo revealed that miners of the largest cryptocurrency experienced a significant decline in revenue generation. The figures showed that BTC mining activities only secured $827 million, marking a more than 10% decrease from the previous month’s $927.35 million. This downturn also represented a 57%
Gains
The past 24 hours have not been kind to the cryptocurrency market, with Bitcoin’s price dropping to a 2-week low of $57,100. This comes after a week of mixed performance, where Bitcoin briefly surged to over $65,100 before facing a steep decline. The bearish trend seems to have continued, with Bitcoin struggling to regain its
Former FTX executive Ryan Salame recently withdrew his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. This move came as a surprise to many, as it was originally believed that Salame would continue to fight against the charges. The legal drama surrounding their case adds a layer of
Congressman Wiley Nickel (D-NC) recently took a stand against the US Securities and Exchange Commission (SEC), accusing the agency of damaging trust in the regulatory system through its “regulation by enforcement” strategy. He labeled the SEC’s approach as an “abuse of power” that could impede digital innovation in the United States. Nickel’s comments come as
The recent Wells notice sent by the U.S. SEC to OpenSea has raised concerns about the regulation of digital assets, particularly non-fungible tokens (NFTs). The SEC is suggesting that some NFTs traded on OpenSea could be classified as unregistered securities, potentially implicating the platform itself in illegal activity. This has sparked a debate about whether
After being released from prison, Pavel Durov, the CEO of Telegram, is now under judicial supervision with strict conditions imposed on him. These conditions include posting a €5 million bond, remaining within French territory, and checking in with the police station twice a week. The Paris Judicial Court has formally charged Durov with six offenses,
Recent developments within the US Securities and Exchange Commission (SEC) have shed light on the pressing need for retail investors to have more immediate access to fund portfolio data. This issue has sparked discussions on how blockchain technology, specifically oracles like Chainlink, could revolutionize the way data is obtained and utilized in the investment sphere.
The U.S. Securities and Exchange Commission (SEC) recently brought charges against two brothers, Jonathan Adam and Tanner Adam, for allegedly running a $60 million Ponzi scheme. The complaint, filed in the United States District Court for the Northern District of Georgia in Atlanta, accused the brothers of defrauding over 80 individuals. The scheme involved falsely
The high degree of centralization in many major cryptocurrencies, such as Polygon (MATIC) and Shiba Inu (SHIB), poses a serious threat to market stability. With the top ten wallets controlling such a significant portion of the total market capitalization, there is a risk of price manipulation and increased volatility. These large holders have the power
The past week has been a rollercoaster ride for Bitcoin and other altcoins in the cryptocurrency market. Bitcoin started the week on a high note, soaring past $65,000 on Monday morning. However, the euphoria was short-lived as the price took a sharp downturn, losing over seven thousand dollars by Wednesday afternoon. The bulls made an