Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations of miners as hashing costs reach $0.07/kwh. #Bitcoin mining profitability by @LuxorTechTeam says it all..Antminer S19 XP is 3+ times superior to previous gens 💰2022 Miners putting difficulty through the roof while trying to send competition out of…
On Nov. 18th, Semafor, the global news company, released an announcement stating “no reason in particular, but you can also follow us on,” and then listed a number of their social media platforms. No reason in particular, but you can also follow us on: YouTube https://t.co/vzf0vYlh9MTikTok https://t.co/Y5jAFLFYexInstagram https://t.co/WwnF6wQ5A8Flipboard https://t.co/zHDvxnjI3HFacebook https://t.co/bEoctknpeG And sign up for our…
Market jitters from the FTX collapse have triggered record quantities of Bitcoin leaving global exchanges. Bitcoin Magazine Senior Analyst Dylan LeClair noted that 136,992 BTC had been withdrawn over the past 30 days, adding that the event was “historic.” The figure equates to 0.7% of the circulating supply. Accompanying the message, LeClair included an Exchange…
Litecoin bucked the market downtrend, posting 19% gains over the past week to lead the top 100. Price performance over the last 24 hours has seen LTC record 13.7% gains to $70.10 from $61.53 at the time of press. The majority of today’s gains resulted from a 9.6% upside swing on the 13:00 (UTC) candle….
Crypto brokerage Genesis failed to raise funds and is potentially facing bankruptcy without additional funding, Bloomberg reported Nov. 21. The company is rumored to be seeking a $1 billion cash injection into the business after it paused withdrawals on its lending product last week. Fears of a possible Genesis bankruptcy could now spill over to…
Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on Nov. 21, where he said that the FTX collapse was triggered by an FTX Token run and that the crypto space should be brought under regulation to offer stability. FTX collapse and the FTT run Cunliffe talked about the recent…
Following recent uncertainty regarding the future of the Grayscale Bitcoin Trust, its custodian partner Coinbase released a report detailing the assets held on behalf of Grayscale Bitcoin Trust. The letter revealed that holdings are segregated from other funds. However, no on-chain addresses were published in the document. “The digital assets underlying each Grayscale product have their…
Litecoin has been climbing the crypto market cap ranking and currently stands at rank 15 with a market cap of as of press time. Meanwhile, the shake-up sees Solana move in the other direction, sliding from its top 10 position at the end of October to place behind Litecoin at 16th. On Oct 30, Litecoin…
Singapore’s attempt to separate blockchain usage and crypto will not work: Vitalik Buterin While Buterin appreciates Singapore’s willingness to be supportive of crypto and blockchain, the country cannot have “one without the other”. 10 hours ago · 3 min read
On Nov. 20, on-chain detective ZachXBT set out a Twitter thread to debunk the three most commonly misunderstood issues surrounding the FTX case. The three areas ZachXBT set out to cover were: Bahamian officials being behind the FTX hack Exchanging knowing the identity of the hacker The FTX hacker trading meme coins. 1/ I have…