No one in the cryptocurrency world is taking the US SEC’s regulatory actions regarding the industry’s future lightly. The chairman of the SEC has been the target of criticism from billionaire Mark Cuban, who claims that the chair has failed miserably in his duty to safeguard investors against fraud. Mark
May 11, 2024 2 mins read
Avalon A15 series, with the A1566 serving as the flagship model, was recently revealed by Canaan, a well-known producer of bitcoin mining equipment. With statistics including an exceptional energy efficiency ratio of 18.5J/T, computational power of 185T, and a power usage of 3420W, the Avalon A15 series represents a major
May 9, 2024 1 min read
The data researchers at CryptoQuant have said that the Dencun upgrade has rendered ether inflationary once again, which might lead to the loss of its characteristic as “ultra-sound” money. Since the Merge, when Ethereum switched from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, the amount of ether burned
May 9, 2024 2 mins read
Across three of its exchange-traded funds, Ark Invest led by Cathie Wood sold 70,616 shares of Coinbase on Tuesday, for a total of $15.1 million. Recent trade filings show that the investment business headed by Cathie Wood sold 45,915 shares ($9.8 million) from its Innovation ETF (ARKK), 17,755 shares ($3.8
May 8, 2024 1 min read
Peer-to-peer trading platform for privacy coin Monero (XMR) has abruptly shut down, joining a slew of other recent closures and arrests involving crypto privacy. All new signups and ad posts for Monero trades have been blocked, as stated by LocalMonero on May 7, effective immediately. The trading of the privacy-focused
May 8, 2024 2 mins read
With its relentless surge for days and its sights set on a new all-time high, PEPE is on a roller-coaster ride. Just under two months ago, the price of PEPE hit an all-time high of $0.00001074. And at its present rate of increase, it is just 19% short of reaching
May 6, 2024 2 mins read
For the second month in a row, venture capital financing for cryptocurrencies has exceeded $1 billion. According to RootData, the total financing for April amounted to $1.02 billion, spread over 161 investment rounds. This is a little decrease from March, when $1.09 billion was reported from 186 rounds. Two consecutive
May 6, 2024 1 min read
The most recent research from Fidelity Digital Assets indicates that pension funds are becoming more open to the prospect of pursuing crypto asset investment exposure. At a London event, Fidelity Digital Assets VP Manuel Nordeste saw that investment committees of defined benefit plans and other pension funds are in the
May 4, 2024 2 mins read
Concerning the use of AI in the financial markets, particularly decentralized finance, Kristin Johnson of the Commodity Futures Trading Commission (CFTC) has suggested measures including increased fines. Johnson expressed her worries on artificial intelligence and its implications for deregulation of financial markets in a speech she gave at the Fintech
May 4, 2024 2 mins read
Many in the cryptocurrency world are taking notice of Shiba Inu’s L2 blockchain Shibarium now that its hard fork has been completed. Aiming to improve the Shibarium blockchain’s transaction stability and help the network achieve ‘deterministic finality,’ the second upgrade, the Heimdall hard fork, follows the successful Bor hard fork.
May 3, 2024 2 mins read