Cosmos-based Layer-1 blockchain, Canto, has experienced a notable network outage over the weekend due to a critical “consensus issue” in their blockchain. As part of resolving the issue, Canto has scheduled an upgrade aimed at addressing the problem today. The outage was followed by the “Callisto” software upgrade. This resulted
In 2024, Bitcoin miners have encountered significant financial challenges, with daily revenue dropping to an unprecedented low of $2.5 million. This decline marks the lowest point in the year and reflects the increased difficulty of mining operations. According to the information on Blockchain.com, the mining revenue has dropped to -0.06%.
Digital asset investment products experienced a notable rebound last week, with inflows totaling $176 million as investors capitalized on recent price weaknesses, reported coinshares. This surge in investment follows a period where total Assets under Management (AuM) dipped to $75 billion, a decline of over $20 billion during a market
The crypto market has suffered a notable price drop over the last 24 hours. Overall global crypto market cap has dropped by 4.07% to $2.05 trillion over the last day. Leading cryptocurrencies have fallen to considerable support levels, like in July. Bitcoin (BTC) and Ethereum (ETH) have fallen over 4%
As the 2024 presidential race intensifies, the debate over cryptocurrency policy has taken center stage, particularly within the Democratic Party. Pro-crypto Democrats urge Vice President Kamala Harris to reassess her stance on digital currencies amid growing political pressure and shifting public opinion. The call for reconsideration comes as former President
The Bank of Japan (BOJ) confirmed today that they will not raise interest rates amid turbulent financial and capital markets. Deputy Governor of BOJ, Shinichi Uchida stated the need of maintaining monetary easing with the current policy interest rate in a meeting in Japan. The Japanese yen continued its losses
Jump Trading, a prominent crypto trading firm, has made headlines again by cashing out $116.7 million worth of Ethereum (ETH) just 11 hours ago. This move follows a significant sell-off that began on July 24, during which the firm withdrew $611.78 million USDC from Binance and deposited $558.2 million USDC
The ongoing legal battle regarding the alleged operation of an unregistered securities exchange between SEC and Coinbase is heating up. Recently, the SEC regulator rejects Coinbase’s access to the personal emails of SEC Chair Gary Gensler. The Coinbase Chief Legal Officer, Paul Grewal hence responded to this on X post.
The cryptocurrency market experienced a significant downturn yesterday, dropping below the $49.5K mark and hitting a six-month low. Despite the slump, wallets holding between 1,000 and 10,000 BTC displayed confidence by consistently increasing their holdings as prices fell. Conversely, wallets with less than 1 BTC demonstrated weak hands, showing the
Donald Trump appeared on a Kick live stream with Adin Ross, a renowned YouTuber with more than 4 million followers. Adin Ross gifted Donald Trump a Cybertruck wrapped with the image of him standing after his assassination attempt and a $5K Rolex, on his live stream with over 500k live
