In an announcement on Sunday, cryptocurrency mining rig manufacturer Bitmain revealed its intention to sell a machine designed for mining the digital currency monero (XMR). The machine boasts a hashrate of 212 kilohash per second (KH/s), and the firm asserts that it is the first “professional XMR miner” available. ‘Hard Fork Go Brrrrrrrr’ — Monero […]

The Hong Kong Monetary Authority (HKMA) said that blockchain-based bonds have showcased the potential for “significant operational improvements” in the bonds market, the South China Morning Post reported. Hong Kong’s central bank issued HK$800 million worth of blockchain-based green bonds under a tokenization initiative launched in February called Project Evergreen. The project used distributed ledger […]

Researchers from Glassnode and Ark Invest have collaborated to develop a new economic model for analyzing Bitcoin’s onchain metrics called “Cointime Economics.” The framework offers an alternative way to measure the economic activity and value of bitcoin based on “coinblocks” rather than the standard accounting method of unspent transaction outputs, or UTXOs. Cointime Economics: A […]

DeFi protocol Balancer was exploited just a few days after disclosing a vulnerability affecting its boosted pools. Ethereum automated market maker and decentralized finance protocol Balancer was exploited for nearly $900,000, the protocol confirmed on X (formerly Twitter) on Aug. 27, just days after disclosing a vulnerability that affected several pools. An Ethereum address allegedly […]

Real estate tycoon Srettha Thavisin will become Thailand’s next prime minister. He was the former CEO of one of Thailand’s largest real estate developers and has a cryptocurrency background.  Thailand recently elected its new Prime Minister – Srettha Thavisin. Thavisin was the president and CEO of Sansiri, one of the country’s largest real estate developers […]

Bitcoin price holding $26,000 could open up some bullish trading opportunities in TON, XMR, MNT and QNT. Bitcoin (BTC) has gone silent over the weekend. CryptoQuant CEO Ki Young Ju said in a recent post on X (formerly Twitter) that Bitcoin’s velocity has declined to a 3-year low. He said this could either be considered […]

A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In a comprehensive exposé on Seeking Alpha, Gainesville Coins’ gold analyst Jan Nieuwenhuijs emphasizes the […]

Stablecoins are making significant waves in the payments sphere, primarily as a vehicle for non-speculative transactions, according to a new report by European hedge fund Brevan Howard. In 2022, the stablecoin market settled an eye-watering value of over $11 trillion, drawing parallels to payments giant Visa’s annual figure of $11.6 trillion and overshadowing the numbers […]

According to the latest statistics, sales of non-fungible tokens (NFTs) have taken a 14% dip compared to the preceding week, tallying up to $91.86 million in the past seven days. Interestingly, the count of purchasers rose by 38%; however, NFT transactions witnessed a decline of over 30% during this week. NFT Transactions Dip Over 30% […]

The post Friend.tech’s DeFi Earnings and Daily Users Drop Sharply! appeared first on Coinpedia Fintech News DeFiLlama’s latest data has revealed a concerning trend for Friend.tech. The platform’s earnings have fallen by more than 70% compared to their peak. Additionally, the number of daily added users has decreased by almost 80%, painting a worrying picture […]