Crypto exchange Bittrex and crypto analytics company Chainalysis announced layoffs in the first days of February, while Bitcoin (BTC) steadily continues on its increasing trajectory. Bittrex will permanently lay off 83 people on Feb. 4, according to U.S. Employment Security Department’s website. Chainalysis, on the other hand, is set to send 44 employees home, according…
Polygon, the Ethereum scaling solution, has surpassed BNB Chain in the number of daily transactions, according to on-chain data analyzed by CryptoSlate. On Jan. 29, BNB Chain recorded 3,007,245 transactions, while Polygon processed 3,066,110 in the same period. Data derived from Polygonscan and BscScan highlighted the increase in daily transactions compared with the declining number…
IIC: Industrial Metaverse is one of the most promising machine economy use cases In a convergence of artificial intelligence and blockchain technology, the machine economy could contribute up to $15 trillion to the global economy by 2030, a PwC report said. 22 hours ago · 3 min read
‘s difficulty has risen by 4.68% in the second largest positive adjustment in a year to reach a new all-time high. The blockchain’s difficulty is set automatically within Bitcoin’s core code based on mining activity on the network. The below chart illustrates the most significant adjustments, both positive (green) and negative (red.) Over the past…
Wallet provider, Wasabi Wallet, launched an educational Bitcoin competition on Jan. 23, asking people to ‘crack’ the seed phrase of a wallet loaded with over 4 million Sats. The project, titled ‘Hunting Sats,’ is backed by Swan Bitcoin, Trezor, Blockstream, and several other respected companies in the Bitcoin space. First, a Bitcoin wallet was generated…
Cardano founder Charles Hoskinson responded to criticism over his proposed acquisition of CoinDesk by saying “[this] epitomizes the fundamental problem of journalism.” Specifically, he was referring to an op-ed from crypto media outlet Protos, titled, “Opinion: Charles Hoskinson would be the worst thing to happen to CoinDesk,” which blasted Hoskinson’s take on overhauling journalism by…
Australia-based crypto exchange Digital Surge creditors agreed to a rescue plan to pay them over five years from the firm’s quarterly net profits, according to Business News Australia (BNA) report. Digital Surge was one of the firms impacted by FTX’s collapse in November 2022, according to the report. Digital Surge had roughly $23 million in…
Ronin (RON) has surged by 20% in the last 24 hours, about two days before its token unlock. Ronin network will add 22.19 million RON worth currently $15.83 million (14.96% of the market cap) during the token unlock event scheduled for January 27, according to DropsTab insights. There will be two rounds of token unlocking,…
Bitcoin (BTC) has shown the highest return since October 2022 and has the best January in 10 years in monthly returns. BTC Yearly Returns Since the start of the year, BTC has enjoyed remarkable growth from $16,583.18 to $23,060.14 as of press time – amounting to about 39% return in 23 days. Over this month,…
Crypto investment firm Pantera Capital released a ‘Year Ahead’ letter to investors on Jan. 23, in which it disclosed data showcasing the blockchain industry’s resilient nature. CEO of Pantera Capital, Dan Morehead, shared an overview of the company’s outlook on 2023 in which he stated; “Blockchain’s resilience in the face of a terrible macro market…