Ether Whale’s Simple Strategy Leads to Huge Profits
While many traders use complex strategies to make money in the cryptocurrency market, a recent example shows that sometimes, a simple buy-and-hold approach can pay off just as well. One Ether Whale demonstrated the power of patience by holding on…
Bitcoin Mining Shutdown: Norwegian Town Faces 20% Surge in Power Bills!
Power consumption concerns are widespread in the Bitcoin mining industry, often fueling criticism. Noise pollution is another issue that adds to the debate. However, recent events involving conflicts between local communities and Bitcoin mining operations have led some critics to…
NFT Market Decline as Market Faces Challenges
The NFT market continued its downtrend spiral last week, with total sales plummeting by 7.91%. The number of buyers and sellers nosedived by a staggering 73.46% and 61.18% respectively. This persistent slump underscores the ongoing struggles facing the NFT market….
Starknet Community Approves New Staking Minting Curve Amid Historic Vote
In a significant step toward full decentralization, the Starknet community has overwhelmingly supported a proposal for a new minting curve mechanism. This decision, made by the token holders, focuses on enhancing staking rewards through a revised minting curve. The decentralized…
UK High Court Declares Tether as Property in Landmark Case
In a landmark decision, the United Kingdom High Court has established Tether as property under English law. This decision, following a comprehensive trial, is president-setting event, marking the first time the legal status of a cryptocurrency has been clarified in…
Grayscale Launches New XRP Trust to Boost Investor Exposure
Grayscale Investments, a leading firm in cryptocurrency asset management, has announced the launch of a new investment product: the Grayscale XRP Trust. This trust allows eligible investors to gain exposure to XRP, one of the top cryptocurrencies. The firm revealed…
Crypto Stocks Bounce Back Despite Harris’ Debate Win
Contrary to the initial market dip following the U.S. presidential debate, publicly traded crypto stocks (Crypto exchanges and Bitcoin mining companies stock) rebounded, suggesting that the market’s reaction to Kamala Harris’s performance was not as negative as anticipated. This recovery…
CFTC Partners With Federal and Private Groups to Tackle Crypto Investment Fraud
As an attempt to protect users from increasing crypto scams and hacking, the Commodity Futures Trading Commission (CFTC) has announced collaboration with federal and private groups. The partnership led by CFTC’s Office of Customer Outreach and Education (OCEO) aims to…
Mark Karpeles Bets on Transparency for EllipX Success
Mark Karpeles, the former CEO of Mt. Gox, has been actively reassuring potential traders and investors about the reliability and security of his new cryptocurrency exchange, EllipX, following its recent announcement for a September launch. Given his role as CEO…
Solo Bitcoin Miner Earns $182,505 by Solving Block Alone
In a remarkable event, a Solo Bitcoin miner has successfully solved a block on their own, securing a reward of over $182,000. Block 860749, mined on September 10, included 5,935 transactions and resulted in a payout of 3.169 Bitcoin. At…