Crypto news

The choppy market has caused severe headwinds for Bitcoin miners as the hash rate reaches new record highs. The rise comes ahead of the much anticipated halving event slated for next spring that is expected to catalyze the largest crypto asset’s price action. Recent data suggested that Bitcoin’s hash rate has increased by nearly 661% in the last two years. According to CryptoQuant CEO Ki Young Ju, such a feat demonstrates that the “network fundamentals are the strongest...

[unable to retrieve full-text content]CoinspeakerBlockchain Gaming Company Moxy Hosts Triple-Launch Event Featuring Token Sale and Influencer Battle The Battle of the Influencers tournament took center stage during the launch event. Blockchain Gaming Company Moxy Hosts Triple-Launch Event Featuring Token Sale and Influencer Battle

[unable to retrieve full-text content]CoinspeakerAnimoca Founder Highlights China’s Influence on Hong Kong’s Crypto Push In his speech, Siu emphasizes the importance of fighting US hegemony and lowering reliance on the US dollar for countries such as China. Animoca Founder Highlights China’s Influence on Hong Kong’s Crypto Push

Societe Generale’s crypto arm – SG Forge – announced acquiring a regulatory license approval as Digital Asset Service Provider from the French Financial Markets Authority (AMF). With it, SG Forge has become the first company to receive a license from France’s financial regulator as a digital asset provider. The DASP license represents the highest level of regulatory certification currently possible for digital asset activities. It is important to note that over 80 entities...

French Hill – a republican representative of Arkansas – is passionate about crypto, and he’s taking a leading role in ensuring the U.S. invokes appropriate crypto regulation in the coming future. French Hill and Digital Currency Hill is currently leading a discussion amongst House republicans on the uncertainty of crypto in the U.S. He also serves as the House Financial Services Committee’s vice chair and leads its Subcommittee on Digital Assets, Financial...

[unable to retrieve full-text content]CoinspeakerCarvana (CVNA) Shares Jump Over 23% after Announcing Debt Reduction Deal and Record Q2 Earnings Carvana announced that it had signed a deal with noteholders to reduce its total debt outstanding by over $1.2 billion, which strengthens its financial position. Carvana (CVNA) Shares Jump Over 23% after Announcing Debt Reduction Deal and Record Q2 Earnings

[unable to retrieve full-text content]CoinspeakerIndia’s Tata Group Partners with UK Government to Invest Over $5B in Battery-Making Factory The UK Tata factory should begin production by 2026, and supply nearly half of the country's 2030 EV battery demand estimate. India’s Tata Group Partners with UK Government to Invest Over $5B in Battery-Making Factory

[unable to retrieve full-text content]CoinspeakerCoinMarketCap Releases Its H1 2023 Report on Crypto Market According to the CoinMarketCap report, the global crypto market demonstrated continued growth in the second quarter of the year, with the total market capitalization reaching $1.17 trillion. CoinMarketCap Releases Its H1 2023 Report on Crypto Market

Last year, a lawsuit was filed against South African entrepreneur and billionaire Elon Musk. The lawsuit alleged that Musk took measures to manipulate the price of Dogecoin, which he’s been fond of and spoken highly of for some time. The plaintiffs in the lawsuit claim to have lost millions of dollars during the 2022 bear market, and they’re blaming the SpaceX founder for his alleged role in their losses. Elon Musk Lawsuit Changed Up Now, it appears the lawsuit...

A new report by digital asset price-tracking platform CoinMarketCap revealed that the second quarter (Q2) of 2023 seemed like a lost one in the crypto world because it failed to produce groundbreaking developments. According to a document seen by CryptoPotato, Q2 lacked strong market narratives compared to Q1, which saw developments like bitcoin price doubling, the rise of layer-2 protocols, and a more active non-fungible token (NFT) market. A Lost Quarter Q2, on the other...