Tag Archives: social

It has taken the bitcoin hash rate less than six months to recover from its China-induced crash. The metric, displaying the robustness of the world’s largest blockchain, has increased by roughly three-fold since late June and is close to the ATH tapped in May. BTC’s Hash Rate Nears ATH Six Months Later The hash rate reached an all-time high in May this year at nearly 200 Ehash/s, according to data from BitInfoCharts, when the situation changed vigorously. China, the world’s...

The hype behind canine-themed coins may have declined, but that has not stopped prominent trading venues from adding support for Shiba Inu (SHIB). It has now managed to fetch a listing from Luxembourg-based Bitstamp. Besides SHIB, the exchange also added Perpetual Protocol (PERP), dYdX (DYDX), and Gala (GALA). Bitstamp Lists Shiba Inu (SHIB) According to the official announcement, Bitstamp will enable its users to trade SHIB against the US dollar and the Euro, i.e., SHIB/USD...

The NASDAQ-listed tech giant, spearheaded by Michael Saylor, continues its BTC buying spree after another substantial purchase worth more than $80 million. Michael Saylor, one of the most prominent bitcoin advocates, who is also the founder and CEO of MicroStrategy, announced the latest purchase earlier on December 9th. The company has accumulated another 1,434 coins for approximately $82.4 million in cash at an average price of around $57,500 per bitcoin. This means that the...

The California state-chartered bank, Silvergate, is eyeing to secure $461.3 million as per the latest filing with the US Securities and Exchange Commission (SEC) through the sale of 3.31 million of common stock. The proposed maximum offering price per share is $145. Silvergate’s Public Offering The official document revealed that the financial institution had granted the underwriters 30 days to buy over 496.6k additional shares of its common stock. It also estimated the...

The central bank of Thailand reportedly urged local financial institutions to stay away from cryptocurrencies citing risks coming from their enhanced volatility. It added that the broad employment of bitcoin and the altcoins could also impact the Bank of Thailand’s ability to monitor the national economy. BoT Against Crypto Trading According to a coverage by The Bangkok Post, the Bank of Thailand (BoT) does not want local banks to be directly involved in digital asset...

Today, a major hearing took place on Capitol Hill titled “Digital Assets and the Future of Finance: Understanding Innovation in the United States.” It featured top crypto industry CEOs, including Jeremy Allaire, Sam Bankman-Fried, Brian Brooks, and more. Here’s what some of them told financial regulators about the ideal regulatory landscape. North Carolina Rep Patrick McHenry prefaces the hearing by asking how to ensure the crypto industry grows within the United States and...

Dan Morehead – Chief Executive Officer of Pantera Capital – said the controversial monetary policies, which the US government enforced, could create bubbles in the financial system. In his view, bond markets “manipulated” by the Fed are the real Ponzi Schemes and not bitcoin. The Danger Comes From The Fed; not Crypto In a recent interview for Bloomberg, Dan Morehead – Founder and CEO of Pantera Capital – warned that investors dealing with bonds “are going to get absolutely...

Over the weekend, BitMart suffered a large-scale security breach. It can be counted as one of the most devastating attacks to date wherein the hackers managed to siphon off $196 million worth of cryptocurrencies after compromising a private key that opened two hot wallets. But the communities of Seychelles-based Huobi and Shiba Inu (SHIB) have announced support to assist BitMart. Huobi, Shiba Inu Communities Lends Support According to a recent development, Huobi has vowed to...

The blockchain provider and development platform – Syscoin announced that its Layer 1 for Ethereum Virtual Machine (EVM) smart contracts has reached mainnet on block 1,317,500. With that development, it has fulfilled Phase One of the NEVM launch. Syscoin Combines Bitcoin And Ethereum According to a press release seen by CryptoPotato, this upgrade will allow users of the platform to enjoy more benefits, such as enhanced security and flexibility of smart contracts on a modular...

On December 4, bitcoin suffered its worst trading day since mid-May, as its price plunged to a two-month low of $42,000. Somewhat expectedly, this massive $16,000 crash in less than 24 hours led to a change in investors’ sentiment as the popular Bitcoin Fear & Greed Index went into “extreme fear” territory once again. Extreme Fear Shakes The Crypto Community The Bitcoin Fear & Greed Index works as an indicator of momentary investor sentiments towards the primary...