News

Huge Bitcoin Whale Sells Off $10,000,000 as BTC Loses $60,000 Support, Rotates Partial Gains to Viral Solana Meme Coin.

In the midst of the cryptocurrency market’s rollercoaster ride, Bitcoin has recently experienced a significant downturn, sparking concerns among investors and traders alike. The abrupt descent below the crucial $60,000 threshold has prompted widespread anxiety, fueled by fears of a potential end to the prevailing bull run. As traders grapple

May 10, 2024 3 mins read

Retik Finance (RETIK) Outmatches Polygon (MATIC) By Far, Here’s Why

The decentralized finance (DeFi) sector is witnessing fierce competition among various projects, each striving to establish dominance and offer innovative solutions to users. While Polygon (MATIC) has emerged as a prominent player in the DeFi space, a new contender, Retik Finance (RETIK), has risen quickly with ambitious goals and unique

May 10, 2024 4 mins read

Bitcoin Hashrate Steady Amid Market Volatility and Difficulty Adjustments

Bitcoin Mining Difficulty Drops Significantly, Boosting Profits for Miners

According to data collected by BTC.com, the difficulty of mining Bitcoin (BTC) has recently dropped significantly. The hash rate fell 5.63 percent to 83.15 trillion as a result of this latest update. At a block height of 842,688, the modification was made, and the average hash rate was 646.96 EH/s.

May 10, 2024 1 min read

DCG Reports 51% Revenue Growth Amidst Bitcoin ETF Competition

The rebound in the cryptocurrency markets in the first quarter of 2024 drove a dramatic increase in revenue for Digital Currency Group (DCG). The crypto behemoth reportedly informed shareholders in a letter that revenue increased 51% year-over-year to $229 million. Despite $17.4 billion flowing out of its Bitcoin fund since

May 10, 2024 1 min read

Worldcoin Forays into Peru with World ID Verification, Addressing Rising Demand

Sam Altman’s Worldcoin has accomplished yet another great feat. The fact that the organization has expanded its World ID verification program to Peru demonstrates its determination to increase its influence throughout the world. With the support of Worldcoin’s Orb verification—an essential part of World ID verification—the project has made great

May 9, 2024 2 mins read

Avalon A15 Series Unveiled by Canaan, Redefining Bitcoin Mining Efficiency

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

Binance Faces $4.3 Million Fine for Money Laundering Charges in Canada

Cryptocurrency exchange Binance is preparing to pay a hefty settlement to Canadian authorities after fresh charges of money laundering. Binance was fined $6 million Canadian dollars by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on May 9. This amount equals $4.3 million. Criminal charges including money laundering

May 9, 2024 1 min read

Shiba Inu Hits 7-Day Low: What Investors Need to Know Further?

Shiba Inu and Bitcoin: Tracking Parallel Market Movements and Future Potential

Lucie, a marketing specialist for Shiba Inu, has recently emphasized the importance for SHIB enthusiasts to stay vigilant of the meme coin’s performance, particularly in relation to Bitcoin, the leading cryptocurrency. This advice comes as both digital assets displayed similar price movements during a market-wide rebound, suggesting a closely intertwined

May 9, 2024 2 mins read

A.I Trading Titans Set to Command 2024 Bullrun, Kaspa (KAS) Eyes $5

Kaspa Surges Amid Market Challenges: Can KAS Maintain Its Bullish Streak?

As the broader crypto market continues to move through a bearish phase, Kaspa (KAS) emerges as a notable exception, demonstrating resilience and bullish momentum in its price movements. Despite a general market downturn, KAS has managed to not only hold its ground but also record significant gains. Kaspa’s Market Position

May 9, 2024 1 min read

MassMutual Enters Crypto Realm with Grayscale’s GBTC Investment

The $570 billion insurance behemoth MassMutual has taken a daring step into the world of digital assets, mirroring the increasing public acceptance of cryptocurrencies. It has recently come to light that MassMutual’s 13F filings reveal the company’s exposure to Bitcoin ETFs. This strategic decision shows that conventional financial institutions are

May 9, 2024 1 min read