Polkadot, a blockchain protocol, has recently made significant improvements to its network performance. One of the key advancements includes enabling Asynchronous Backing on the network. This optimized approach for validating how parachain blocks are processed by the Relay Chain has resulted in blocks being produced twice as fast and a 6-10 times boost in available
Crypto
The Hong Kong police force is currently on the lookout for four individuals who abducted a 55-year-old crypto investor in Tai Lau Leng Village, Sheung Shui district. The victim was riding in a car with her husband when the suspects stopped them and used a stun gun on the husband to take her away. She
As the U.S. presidential election approaches, the topic of cryptocurrency is gaining traction among voters. According to a survey conducted by the Digital Currency Group (DCG), one in five registered voters consider crypto to be a major issue in the upcoming 2024 election. The survey revealed that approximately 40% of voters want the candidates to
In the past 24 hours, the cryptocurrency market has shown signs of a much-needed calmness, putting a halt to the previous bearish assault. Bitcoin is currently trading at around $61K, while Ethereum is struggling to maintain its position below the crucial $3K level. The recent correction in Bitcoin’s price, dropping below $61K and losing about
Core Scientific, a prominent player in Bitcoin mining, has disclosed its financial results for the first quarter of 2024, showcasing a remarkable turnaround from its previous bankruptcy. The company revealed a net income of $210.7 million, a stark contrast to the net loss of $0.4 million reported in the same period in 2023. Furthermore, total
Despite a recent 20% weekly decline in the price of Shiba Inu (SHIB), analysts are forecasting a significant rally for the meme coin. Analysts are optimistic due to various factors such as a sharp increase in SHIB’s burn rate, enhancements to its Shibarium layer-2 platform, and other bullish signals for its future price. One example
Monero is currently experiencing a surge in discussions on social media platforms following the recent announcement of LocalMonero’s closure. This uptick in attention coincides with ongoing government efforts to regulate privacy-focused assets in the cryptocurrency space. LocalMonero, a peer-to-peer exchange based on Monero, revealed via a blog post that it is ceasing its operations after
The digital asset investment products faced outflows for the fourth consecutive week, recording a total of $251 million. This trend is concerning as it signifies a lack of confidence in the market and a potential shift in investor sentiment towards digital assets. The fact that newly issued ETFs in the US experienced “measurable outflows” totaling
Bitcoin ETFs in Hong Kong faced their first setback after launching on April 30, with the China Asset Management Bitcoin ETF experiencing its first daily outflow on Monday. According to Farside data, the China AMC Bitcoin ETF saw an outflow of $4.9 million. While other Hong Kong-based products did not see any flows, the Bosera
Robinhood Markets Inc. has joined the ranks of crypto trading platforms facing legal action from the Securities and Exchange Commission (SEC). The company disclosed in a Form 8-K filing that it received a Wells Notice from the SEC on May 4. The SEC staff indicated a “preliminary determination” to recommend filing a lawsuit alleging violations