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Bitcoin (BTC)

Stacks Skyrockets 3,028% in Annual Revenue Ahead of Nakamoto Upgrade

Stacks, a Bitcoin Layer 2 solution, had major growth over the last year with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack’s native cryptocurrency, STX, experienced a significant surge of 203% quarterly and an impressive 598% year-over-year, reaching a milestone of $2 billion. Stacks Q4 Report Reveals 363% TVL Increase Messari’s “State of Stacks Q4 2023” report pointed to a 363% quarterly increase in total...

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Federal Officer Faces Charges for Allegedly Stealing Crypto Associated With Drug Fortune

A federal police officer is currently undergoing legal proceedings in the Melbourne Magistrates’ Court, facing allegations of pocketing confiscated cryptocurrency from an online drug trafficking syndicate. The committal hearing, presided over by Magistrate Malcolm Thomas, is ongoing, with the defendant’s lawyer saying the case was “circumstantial” and they would dispute the accusations. Drug Trafficking Raid Unveiled Crypto William Wheatley, the currently suspended federal...

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Bitcoin Tumbles Below $51K as Daily Liquidations Top $100M

The weekend isn’t treating Bitcoin’s price right as it has tumbled below $51K, erasing some of the gains achieved during the rally in the past few days. As seen in the chart below, the price took a turn for the worse in the past few hours. Source: TradingViewData from CoinGlass reveals that this has also sent ripples through the derivatives market, liquidating a total of $122 million in the past 24 hours. As it’s expected, the volume of these moves is significantly lower...

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For the First Time in 2 Years, Coinbase Has Gone Profitable Again: Report

In spite of the fact that Coinbase has always been one of the most well-known trading platforms, business within the past few years hasn’t been much easier for them than lesser-known exchanges. Between crypto winter, an ongoing lawsuit, the need for personnel reductions, and the other expenses of running a business, Coinbase has suffered business contraction for about two years now. However, the exchange’s fortunes have changed. First Profitable Quarter in Two Years...

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Bitcoin Registered New ATHs Against These Fiat Currencies, When the USD?

Bitcoin’s (BTC) uptick by more than 15% this week has caused the asset to hit new all-time highs (ATHs) against several depreciating fiat currencies. With the leading cryptocurrency recording new highs against the Argentine peso (ARS), the Japanese yen (JPY), the Turkish lira (TRY), and the Nigerian naira (NGN), anticipation is rising about when it will register an ATH against the United States Dollar (USD). BTC Records New Highs As reported by CryptoPotato earlier this week,...

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Profit Lag and Alternative Network Mining – Ricardo Perez-Marco

Ricardo Perez-Marco présente (en anglais) son article Profit Lag and Alternate Network Mining (rédigé avec Cyril Grunspan), récemment publié dans les actes de la conférence MARBLE. Dans leur travail de recherche, Ricardo Pérez-Marco et Cyril Grunspan revisitent les stratégies de minage égoïstes et intermittentes et définissent une stratégie de minage alternative sur deux réseaux partageant le même algorithme PoW. Selon les deux chercheurs, cette stratégie présente un ratio de...

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Crypto Markets Cool Off After Recent Rally, Bitcoin (BTC) Stalls Below $52K (Weekend Watch)

After numerous consecutive days of charting impressive gains, Bitcoin has calmed at just under $52,000. The altcoins have also stalled following the recent price surges, with ETH dipping below $2,800 and AVAX slipping below $40. BTC Calms Below $52K The primary cryptocurrency had a highly impressive run over the past ten days. It all started on February 7 when the asset finally broke out of its tight range in which it stood for a week – at around $43,000. The bulls took...

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This Is How Much You Would Need to Spend to Execute 51% Attacks on Bitcoin and Ethereum

A 51% attack occurs when a single network miner or group of miners controls more than half of a blockchain network’s hash rate. Theoretically, this would enable the attacker to block transactions from taking place in the blockchain, alter the sequence of new transactions, and potentially revert past transactions (referred to as “double spending”) by tampering with blockchain data. However, a recent study indicates that executing such attacks is financially unviable within the...

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Bithumb Rockets to All-Time High in Korea: Claims 72% Market Share Over Upbit

South Korea’s crypto landscape was dominated by Upbit for the longest time. However, there seems to be a shift underway as Bithumb gains momentum, gradually capturing Upbit’s market dominance. The latest development surfaces amid intensifying crypto trading activity in South Korea, particularly with the surge in Bitcoin trading. Bithumb’s Market Share Peaks at 72% Crypto trading activity in South Korea has seen a notable increase, particularly in light of the broader market...

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