In anticipation of the fourth halving in just a couple of months, miners are ramping up their operations on the Bitcoin blockchain. The mining difficulty metric spiked by over 8% recently, reaching a new record high. This metric is crucial for maintaining the block production ratio and adjusts every 2,016 blocks based on the mining
Cardano’s price recently broke through the $0.61 resistance level on February 16, indicating a positive trend in the cryptocurrency market. This surge in price can be attributed to the substantial inflow of capital into the Layer-1 altcoin sector, making ADA one of the best-performing mega-cap crypto assets of the week. Despite this bullish momentum, the
VeChain, an enterprise-oriented layer-1 solution, has experienced a significant price surge recently. The surge in VeChain price coincides with an increase in community sentiment, driven by anticipation for a major update expected to be released at the Mobile World Congress in Barcelona. Currently, VeChain is trading at a market price of $0.048, representing a 24-hour
The US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is currently conducting an investigation into cryptocurrency-related financial conflicts of interest. This investigation was initiated after Empower Oversight raised concerns regarding failures in the SEC’s Ethics Office, specifically involving a former official named William Hinman. Hinman is accused of engaging in matters where
Exverse, a free-to-play Web3 game, has managed to raise an impressive $3 million in a recent private funding round. The focus of Exverse is to breathe new life into the AAA first-person-shooter genre by leveraging Web3 technology. The team behind Exverse aims to rectify the shortcomings they observed in early Web3 gaming models and deliver
Cryptocurrency enthusiasts and investors gathered at the Exchange ETF conference in Miami Beach to discuss the future of spot Bitcoin ETFs and their integration within diversified portfolios. During the conference, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, engaged in a discussion
Ethereum (ETH), currently the second-largest cryptocurrency globally, is making significant progress this week as it inches closer to the highly anticipated $3,000 mark. This bullish momentum has sparked speculation among experts, wondering if ETH could potentially reach an impressive $4,000 by the end of February. One of the factors contributing to this positive sentiment is
In the past 24 hours, XRP’s price surged above $0.57, indicating a positive momentum for the cryptocurrency. However, the bulls were unable to maintain the pressure, resulting in a slight dip to around $0.56. Nonetheless, this upward movement represents an impressive gain of over 10% since February 9th when XRP was trading below $0.52. Speculation
Tron Founder Justin Sun has recently shared an ambitious roadmap for Tron’s Bitcoin Layer 2 initiative, showcasing the protocol’s commitment to enhancing the interoperability and utility of blockchain technologies. The roadmap not only aims to boost the scalability, speed, and security of the Bitcoin network, but also seeks to integrate tokens on the Tron network
Coinbase, one of the major cryptocurrency exchanges in the United States, has recently released its financial report for the fourth quarter and full year of 2023. The report showcases the company’s impressive performance and provides insights into its future outlook. In the fourth quarter of 2023, Coinbase reported a net income of $273 million, with