Tag Archives: News

Bitcoin miners made the lowest revenues in August since September 2023 as the network’s mining difficulty peaked at the highest it has ever been on August 31. August marked the worst month in revenues for Bitcoin miners this year and since September 2023. They mined a total of $827.56 million last month following a trend of reducing mining rewards since April’s halving event that reduced block rewards to 3.125 BTC. August’s revenues saw a 10.5% reduction from July when miners netted $927.35...

The Financial Times (FT) received Telegram’s financial statements, which reveal how intertwined digital assets are for the company’s revenues and worth. A Financial Times report dived into the financial health of Telegram, as the company has been the talk of news cycles with the arrest of its founder, Pavlov Durov, in France. It revealed the importance crypto plays in the firm’s financial health through various methods, including asset appreciation and revenues. Crypto Runs Deep in Telegram’s...

Oasys partners with SBI Holdings to speed up the growth and liquidity of its ecosystem. The collaboration has the goal of assuring the success of blockchain games that will launch in late 2024 Oasys, a blockchain platform known for its dual Layer 1 and Ethereum-based Layer 2 networks, has announced a strategic partnership with Japan’s financial powerhouse SBI Holdings, Inc. This collaboration revealed in Oasys’ August 29 press release, is set to accelerate the growth of the Oasys ecosystem...

August marked a worrying time for the industry as cybercriminals ransacked hundreds of millions of dollars. With the number of hacks and scams rising tremendously this year, August marked another bad month in terms of the amounts lost to cybercriminals. August witnessed about $313 million scammed from crypto holders and platforms. Blockchain security firm PeckShield shone a light on this, stating, “August 2024 witnessed 10+ hacks in the crypto space, resulting in ~$313.86 million in losses....

A new report from investment immigration consulting firm Henley & Partners reveals that Singapore is the global leader in cryptocurrency adoption. The report, part of the Henley Crypto Adoption Index 2024, highlights Singapore’s top position due to its supportive regulatory environment and widespread public use of cryptocurrencies. The survey also revealed that out of 60 points, Singapore was leading with 45.7 points in the index. Singapore has been ranked highly because of its advanced...

Arthur Hayes, co-founder of the crypto exchange Bitmex, has shared his positive outlook on Bitcoin’s future, especially in light of recent interest rate cuts by major central banks. Hayes has stated that all these actions could help a lot for the subordinate benefit of Bitcoin. Recently Hayes opined on the persisting trend of rate cuts with the U.S Federal Reserve, Bank of England, and the European Central Bank. He noted that all these central banks are opting for a reduction in interest...

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.