In the past 24 hours, the price of Bitcoin has witnessed a significant decline, plunging below the $43,000 mark. This decline comes after the cryptocurrency managed to trade above $43,000 during most of the Christmas holidays. Despite a positive surge in the previous business weeks, Bitcoin failed to maintain bullish momentum, ultimately slipping further away
Crypto
The zkSync Era blockchain recently faced significant network issues that forced developers to suspend block production for several hours. According to Chinese crypto news journalist Colin Wu, the project’s mainnet encountered problems, as indicated by zkSync Era’s network status browser. Despite the developers’ announcement, the blockchain had not recorded any downtime incidents. However, the website
The year 2023 proved to be exceptional for digital assets, particularly with the remarkable surge in Bitcoin prices, witnessing a growth of over 172%. This surge, combined with a correction of less than 20%, showcased the resilience and potential of the cryptocurrency market. However, it was not just Bitcoin that experienced positive growth; stablecoins also
Bitcoin (BTC) miners have experienced a significant spike in transaction fee revenue in 2023, indicating a growing profitability in their operations. According to recent data from Coinmetrics, Bitcoin miners have collected a daily average of $2 million in transaction fee revenue. This figure reflects a staggering 400% increase compared to the previous year. It is
Bitcoin, the leading cryptocurrency, has been experiencing a remarkable year, with its value skyrocketing from approximately $16,500 at the beginning of the year to nearly $44,000 at present. This surge has led many experts to believe that Bitcoin is on track for a strong year-end performance. In this article, we will explore the factors contributing
Paxos, a stablecoin issuer based in New York, has recently made a strategic decision to expand its stablecoin issuance to the Solana blockchain platform. Previously, Paxos had exclusively operated on Ethereum. This move, set to take place on January 17, 2024, marks a significant milestone for Paxos in the highly competitive stablecoin landscape, where rivals
After intense deliberation and a consensus reached by the majority,, the EthereumPoW (ETHW) organization has officially announced its decision to dissolve. This move is in line with the organization’s commitment to complete decentralization. In a blog post, ETHW stated that the unanimous agreement to dissolve was based on a thorough evaluation of its ability to
Curve Finance, a decentralized financial platform, recently fell victim to a sophisticated exploit that resulted in the loss of $73.5 million. This incident highlighted vulnerabilities in the Vyper programming language and the need for improved security measures. While the community rallied together to recover a portion of the funds, it also raised questions about user
The recent ruling by a U.S. circuit court in Washington D.C., ordering the Securities and Exchange Commission (SEC) to review its rejection of a Bitcoin exchange-traded fund (ETF) application by Grayscale, has generated excitement among crypto industry investors. They believe that the approval of a Bitcoin ETF by the SEC will lead to a significant
In a surprising turn of events, Russian banker Mikhail Klyukin recently sold over £15m worth of shares in UK-based cryptocurrency firm, Copper Technologies. This sale has raised eyebrows not only due to the involvement of a sanctioned individual but also because of the potential evasion of sanctions and increased scrutiny on cryptocurrency transactions. The role