China’s ongoing crackdown on illegal cryptocurrency activities has reached a significant milestone with the sentencing of Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. This move is indicative of the Chinese government’s strong commitment to combatting illicit activities within the digital asset industry. Zhao Dong, a
Crypto
Tether, the underlying force behind the popular stablecoin USDT, has recently celebrated a significant milestone. The market value for the stablecoin has reached an impressive $91 billion, indicating its growing influence in the digital currency market. This achievement demonstrates Tether’s commitment to stability and resilience in the volatile world of cryptocurrencies. An Unyielding Commitment to
Bitcoin, the world’s most popular cryptocurrency, experienced a rollercoaster ride over the Christmas holidays. After reaching a high of $43,000, its value took a major hit in the past 24 hours, dropping well below this level. And it’s not just Bitcoin; most altcoins are also facing a slight downturn, with a few exceptions. Bitcoin’s Struggles
zkSync Era developers recently faced network issues on their blockchain, causing a temporary halt in block production. The team quickly took notice of the problem and assured users that they were working diligently to resolve the issues as swiftly as possible. In this article, we will analyze the impact of these incidents and delve into
2023 has been a remarkable year for digital assets, with Bitcoin prices surging by over 172% and experiencing a minor correction of less than 20%. Alongside Bitcoin and Ether, stablecoins have also seen positive capital inflows. Glassnode’s recent analysis highlights that the market surpassed crucial technical and on-chain pricing models, and October proved to be
The year 2023 has brought significant growth and challenges to the world of Bitcoin mining. According to data from Coinmetrics, Bitcoin miners have experienced a substantial increase in transaction fee revenue, reaching an average of $2 million per day. This represents a 400% surge compared to the previous year. Additionally, the total revenue generated by
Bitcoin, the primary cryptocurrency, has experienced a remarkable year of success. Its value has skyrocketed from approximately $16,500 at the beginning of the year to a current level of nearly $44,000, according to data from Coingecko. This substantial increase in valuation has experts predicting that Bitcoin’s upward trend will continue well into the year-end. Kaiko,
Stablecoins have become increasingly popular in the cryptocurrency market, offering users a way to hedge against volatility. New York-based stablecoin issuer, Paxos, has recently announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform. This move comes as a significant milestone for Paxos in the competitive stablecoin landscape, as it aims to
The Ethereum Proof-of-Work (ETHW) organization has recently announced its decision to dissolve, marking a significant milestone in the pursuit of complete decentralization. This move comes as a result of in-depth discussions and consensus among the majority, fulfilling the commitments made since its initial fork from the Ethereum mainnet. In its official blog post, ETHW stated
On July 30th, Curve Finance fell victim to a significant exploit that resulted in the loss of $73.5 million. The exploit was made possible by a re-entrancy bug in the Vyper programming language, which allowed hackers to attack four mining pools. The immediate response from the community was swift, with Curve extending an olive branch
