A recent plummet in hash rate and spike in transaction fees has raised some questions about Bitcoin’s resilience. But they shouldn’t. Over the weekend, the Bitcoin hash rate dropped off a cliff, leaving many industry participants wondering what had happened. Over the last couple of days, information and context has been provided by industry experts […]
Governments can stop Bitcoin by shutting down mining, says Electric Capital exec
“If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80% to 90% of the hash rate pretty quickly,” said Curtis Spencer. Electric Capital co-founder and partner Curtis Spencer implied that the Bitcoin network may owe its continued existence to the grace of world governments. […]
Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high
Monero price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors. As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing […]
Dogecoin steals the crypto spotlight as ‘DogeDay’ trends on Twitter
Dogecoin (DOGE) stole the crypto spotlight after its price skyrocketed by more than 500% over the past week. The Shiba Inu-themed token surged from a low of $0.070 to make a new all-time high of $0.46 on Apr. 16, surpassing Tether as the fifth-largest cryptocurrency by market capitalization. The hype around Dogecoin seems to be […]
Binance.US Appoints Former OCC Boss Brian Brooks as New CEO
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Andreessen Horowitz leads $28M Aleo raise
Several other high-profile investors contributed to the raise, including Coinbase Ventures and Galaxy Digital. Aleo, a privacy-focused blockchain, has secured $28 million in investments to bring its zero-knowledge applications to a wider market. California-based venture capital firm Andreessen Horowitz led the private investment round. Notable contributions also came from Coinbase Ventures, Galaxy Digital, Variant Fund, […]
Uniswap’s weekly trade volumes reach record high of $10B
The decentralized exchange has been at the center of the yearlong DeFi explosion. Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing DeFi boom. CEO Hayden Adams tweeted the milestone on Tuesday, with an accompanying chart showing a 25.7% weekly increase in volumes. If […]
Shapeshift Reveals Platform Supports Unwrapped Swaps via Thorchain With No KYC
Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder recently revealed his company is first to leverage the multi-chain protocol in […]
NYDIG Bought The Recent Bitcoin Dip, Indicates Other Institutions Are Doing The Same
Major bitcoin investment manager NYDIG has shared that its desk, other institutions increasingly act on a “buy the dip” mentality. Amid a historic level of liquidation for bitcoin over the weekend, NYDIG, a bitcoin-focused investment manager, worked to acquire more bitcoin, according to a recent email sent to its subscribers. NYDIG’s Global Head of Research […]
Interview: Austin Hill On Blockstream, Open Source And Privacy
“The Biz” kicked off its first episode with Austin Hill, former CEO of Zero Knowledge Systems and former CEO of Blockstream. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast “The Biz” with John Carvalho kicked off its first episode with a bang in a long-form interview with Austin Hill, […]