Due to weak market performance and a larger computational demand amid increased network difficulty, Bitcoin miners’ income has dropped to two-year lows. However, miners have been able to recover losses thanks to a continuing decline in the Bitcoin hash rate over the last month. Bitcoin mining profits (from both block
November 27, 2022 2 mins read
In a recent announcement, Binance said that it will no longer support trading pairings involving the SRM token issued by Serum including against the Binance exchange token (BNB), Bitcoin (BTC), and Tether’s stablecoin (USDT). Serum is the token used for governance on the decentralized Solana-based exchange backed by FTX and
November 25, 2022 2 mins read
The Merkle tree Proof of Reserves (PoR) protocol was just announced by Binance, the largest crypto exchange. To better show users where their money is going, Binance says this new function is a must-have. According to a recent tweet from WuBlockchain. The exchange plans to begin rolling out this capability
November 25, 2022 2 mins read
The directors of Marvel’s “Avengers” franchise have been engaged by Amazon to create a mini-series on the demise of crypto exchange FTX. Film trade publication Variety reports that “Avengers: Infinity War” and “Avengers: Endgame” filmmakers Joe and Anthony Russo, as well as the directors of Netflix’s “The Gray Man,” will
November 24, 2022 2 mins read
The price of XRP, Ripple’s native token, increased by almost 6% on Wednesday as the cryptocurrency market as a whole saw a wide rebound. On the XRP ledger, Ripple did, however, issue a report regarding real estate NFTs. It’s for this reason that crypto whales have been stocking up on
November 23, 2022 1 min read
In the aftermath of FTX’s bankruptcy, SafePal, the Binance-backed decentralized wallet brand with software, hardware, and extension wallet products, has announced record levels of new customers. Since November 11, the platform has seen a 10x surge in traffic, and over the same time, SafePal’s web3 hardware wallet has had record-breaking
November 23, 2022 1 min read
Ark Invest, run by Cathie Wood, has reportedly invested an additional $1.4 million to acquire 176,945 shares of Grayscale’s Bitcoin Trust (GBTC) fund, as reported in an investor email. The company has made its second sizable GBTC acquisition in as many weeks with this transaction. Bloomberg reports that the Florida-based
November 22, 2022 1 min read
With a focus on the user experience, AAG’s new digital wallet MetaOne has partnered with Simplex to give easy access to fiat currency. Because of this partnership, MetaOne users—many of whom have never held cryptocurrency—can now easily and securely buy digital assets from within their wallets. It will be possible
November 22, 2022 3 mins read
In London, a family of fintech entrepreneurs is suing Nexo, claiming that the cryptocurrency lender restricted their access to up to £107 million ($126 million) in assets and then threatened them into selling it all to Nexo at a 60% discount. City AM said that the brothers Jason and Owen
November 21, 2022 2 mins read
At Friday’s 21st World Congress of Accountants, Union Finance Minister of India Nirmala Sitharaman forecasted that the introduction of Web3 will revolutionize the management of financial data. The 21st World Congress of Accountants was hosted in India. And was co-organized by the International Federation of Accountants (IFCA) and the Institute
November 21, 2022 1 min read
