Crypto news

Bitcoin miners facing hardships due to reduced mining rewards, finds JP Morgan. JP Morgan expects Riot and Iren stock prices to climb in the coming months. According to a recently published JP Morgan report, Bitcoin miners are struggling to keep up with the post-halving event as reduced rewards and increasing electricity costs eat through their revenues. The Bitcoin halving that occurred on April 20 cut mining rewards by half, reducing them from 6.25 BTC to 3.125 BTC. Miners have no option...

Pavel Durov, the founder and CEO of Telegram, has been arrested in France by agents of the National Anti-Fraud Office (ONAF). Durov, aged 39, was detained at Le Bourget airport on Saturday evening, shortly after arriving from Azerbaijan on his private jet. He was accompanied by a bodyguard and a woman, according to French news site TF1.  Durov Faces Charges of Terrorism and Fraud Amid Allegations of Telegram’s Role in Crime Durov was listed in the wanted persons file (FPR) due to allegations...

Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals. Bitcoin ETFs on a Roll The spot Bitcoin ETFs had a rough start of the month as they lost more than $550 million in just three days on August 2, 5, and 6. This coincided with the major crash for BTC as the asset tumbled from over...

Gate.io, a prominent cryptocurrency exchange, has entered into a significant partnership with FC Internazionale Milano (Inter), a leading football club and current Serie A champions. This partnership will involve placing the Gate.io logo on the sleeves of the Inter Mens, Womens, and U20 teams’ shirts beginning of the 2024/25 season. As mentioned by Gate.io in its blog post, this new role of becoming the Official Sleeve Partner is a combination of sports and digital innovation. The...

Hong Kong-based BTC ETFs peaked past $250 million in AUM, marking a tremendous achievement for the crypto industry in the jurisdiction. The amounts managed by BTC ETFs in the US eclipse those in Hong Kong. With crypto ETFs becoming an important narrative of the industry, those offered in the US make the news on a near-daily basis due to their popularity. Nevertheless, Hong Kong-based BTC ETFs are now breaking the news as they surpass $270 million in assets under management (AUM). While the...

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The number of celebrities and well-known public figures supporting Pavel Durov after his controversial arrest in France earlier this weekend has skyrocketed. Some of those include Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. Durov’s Arrest CryptoPotato reported earlier today Durov’s arrest in France on Saturday evening, which, according to local media, was because the popular messaging app he runs failed to moderate the content. He faces up to 20 years...

The advancement of AI-based solutions in 2024 is undeniable, and we decided to poke OpenAI’s ChatGPT on a topic that’s quite interesting for many cryptocurrency enthusiasts. Ripple and Cardano both have devoted communities, and it’s interesting to see what an impartial AI chatbot considers when determining which crypto will perform better throughout the rest of the year. So, we asked it: Source: ChatGPTChatGPT returned four reasonably interesting arguments, but before we take...

After tapping $65,000 yesterday, bitcoin’s price actions calmed, and the asset remained relatively still at around $64,000. The altcoins are also quite sluggish on a daily scale, aside from TON, which was impacted by the news surrounding Pavel Durov, Telegram’s CEO. BTC Calms at $64K The business week started on a negative note for the primary cryptocurrency as it failed to overcome the coveted $60,000 level and the subsequent rejection pushed it south by two grand on Monday....

TL;DR Shibarium has processed over 418 million transactions and implemented key upgrades, including some hard forks to enhance network performance. The network introduced a burn portal to reduce SHIB supply, with BONE tokens playing an essential role in the process. Happy Birthday, Shibarium Shibarium is a layer-2 blockchain solution built on the Ethereum network, specifically designed to foster the development of the Shiba Inu ecosystem. Its main purposes include lowering...