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Solo Bitcoin Miner Bags Nearly $200K Reward with Latest Block

While the Bitcoin miners are facing difficulties in maintaining profitability following the April 19 halving, a solo miner has successfully processed Bitcoin block 858,978 and netted nearly $200,000. The block, processed at 4:21 PM UTC on August 29, included 2,391 transactions and yielded a reward of 3.27 BTC, valued at

August 30, 2024 2 mins read

Why Is Bitcoin Facing Challenges to Surpass $62K?

Bitcoin (BTC) displayed another drop today, falling to $58,710 after briefly rallying to $61,184 yesterday. This decline wiped out all gains over the last 12 hours, marking a 4% decrease. This drop, although notable, isn’t as severe as the decline seen on August 28, when BTC fell to $57,974—its largest

August 30, 2024 2 mins read

Cardano Fails to Break Out of Bullish Descending Wedge: What’s Next For ADA?

Cardano (ADA) finds itself at a critical juncture as its anticipated breakout from a bullish descending wedge pattern faces unexpected hurdles. The cryptocurrency’s recent price action has diverged from investor expectations, potentially delaying or even invalidating the forecasted upward movement. The past week saw ADA poised for a major move,

August 29, 2024 2 mins read

Binance Coin Consolidates Within a Defined Range, BNB Shows Reduced Volatility

Binance Coin (BNB) has entered a period of consolidation, characterized by a gradual decrease in market volatility and price movement within a defined range. This shift is evident on the one-day chart, where key technical indicators paint a picture of market indecision and reduced price fluctuations. The flattening of BNB’s

August 29, 2024 2 mins read

FLock and io.net Introduce Proof of AI Consensus for Decentralized Compute Verification

FLock and io.net have collaborated to develop the first Proof of AI (PoAI) consensus mechanism in the world, which validates the integrity of nodes functioning inside a decentralized compute network. Through the completion of compute-intensive AI training tasks, decentralized physical infrastructure networks (DePINs) may use PoAI to verify the integrity of DePIN nodes. PoAI

August 29, 2024 3 mins read

Helium’s HNT Keeps Climbing on the Back of Key Network Proposals

Amidst a global market downturn, Helium (HNT) is changing the trend and showing significant gains. According to CoinMarketCap, the price of HNT surged over 12.29%, moving from $6.67 to a recent high of $7.49, with the upward momentum continuing. This rally comes with Helium’s official announcement of the approved proposals,

August 29, 2024 2 mins read

Layer1 Blockchain Kaia by Kakao and LINE Launches Mainnet

Kaia, the new Layer-1 blockchain from Kakao and LINE, is officially launching its mainnet on August 29 at 10 p.m. Eastern Time. This launch combines the strengths of two Asian messenger platforms Kakao and LINE. Kakao’s messenger app is immensely popular in South Korea, with 96% of the population using

August 29, 2024 2 mins read