This first week of 2023 has been particularly intense for Bitcoin’s computing power, as it set a new milestone and ushered in the year by shattering its previous high point. On 7 January, Bitcoin’s hashrate was reported to be 290 EH/s, having already reached an ATH the day before. ATH
January 7, 2023 1 min read
AR Rahman, a world-famous musician and music director, turned 56 on Friday. On the occasion of his birthday party, Oscar-winning composer AR Rahman announced the release of his metaverse platform “Katraar.” Moreover, he shared the clip across his various social media platforms with a witty remark. The famous artist is
January 7, 2023 2 mins read
After the Grayscale Digital Large Cap Fund liquidated its investment in the Avalanche network on Thursday, the AVAX token dropped by around 3% on Friday. On Friday morning, Grayscale filed a notice with the SEC detailing the rebalancing, explaining that it had “adjusted the fund’s portfolio by selling Avalanche (“AVAX”)
January 6, 2023 1 min read
Net withdrawals from Huobi Global were $60.9 million in under 24 hours. An increase in withdrawals was seen when rumors on social media circulated that Huobi was firing off personnel. Today, Justin Sun said that 20% of Huobi’s workforce will be terminated. Large amounts of USDT, USDC, and ETH are
January 6, 2023 1 min read
On Wednesday, Blockchain Protocol Algorand (ALGO) went up around 5% in the last 24 hours as per CMC, as the layer 1 technology was in the headlines for all the right reasons. Other than the news that it will be used to power Italy’s digital assurances platform last month. There
January 4, 2023 2 mins read
A recent allegation claims that Huobi Exchange is pressuring its staff to take compensation in USDT/USDC rather than traditional fiat currencies. Further, they are threatened with termination if they object to the proposed manner of payment. Human resources are talking to workers about the same thing. Workers are angry about
January 4, 2023 1 min read
Former FTX CEO Sam Bankman-Fried pleaded not guilty to federal charges in New York on Tuesday. SBF charged with conspiracy to commit wire fraud and securities fraud. And also individual accusations of securities fraud and wire fraud, money laundering, and conspiracy to circumvent campaign financing restrictions. At the beginning of
January 4, 2023 2 mins read
According to data provided by YCharts. The discount at which the Grayscale Ethereum Trust (ETHE) trades in relation to the price of Ethereum (ETH) is at an all-time high of 59.39%. Although the fund has historically traded at a premium to ETH. Since November 2021 it has consistently traded at
January 3, 2023 1 min read
In the last several weeks, the price of XRP, Ripple’s native cryptocurrency, has been under extreme market pressure. On Tuesday, however, XRP’s value unexpectedly rose by 5% as rumors of a settlement in the Ripple case began to circulate. Furthermore, the information shows that crypto whales have traded a significant
January 3, 2023 1 min read
ApeCoin (APE) and Axie Infinity (AXS) are two of the metaverse and gaming-related cryptocurrencies that have had price increases of roughly 6% in the previous 24 hours. Data from CMC shows that APE is up 6.4% to $3.94. AXS is up 6.7% to $6.40, and SAND is up 6.1% to
January 2, 2023 1 min read