Recent data from Bitbo, a leading BTC on-chain analysis platform, reveals a significant decline in mining revenue for Bitcoin miners in the month of August. The figures show that BTC mining activities generated only $827 million, marking a more than 10% decrease from the previous month’s $927.35 million. This drop represents a 57% decrease from
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Yuga Labs, known for the Bored Ape Yacht Club, has recently announced the launch of a new division called “The Workshop.” This strategic move, led by CEO Greg Solano, aims to foster a culture of rapid iteration and innovation within the company. Solano envisions The Workshop as a team of “no fat, just doers” focused
The recent news of OKX SG, a crypto exchange entity, securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) is a significant milestone for the company. This achievement not only allows OKX SG to operate without daily or monthly transaction limits but also highlights the growing importance of Singapore as
The past 24 hours have not been kind to Bitcoin as the price took a sharp downturn, hitting a 2-week low of $57,100. This downward trend has also impacted most altcoins, with tokens like TON, DOGE, and ADA seeing drops of 2-4%. Bitcoin’s recent price actions have been quite underwhelming, to say the least. Just
Cardano has recently completed its Chang upgrade, symbolizing a shift towards a decentralized governance system where ADA holders can now actively participate in determining the network’s future course of action. This transformation marks a significant milestone in the evolution of Cardano and opens up new possibilities for the community. The Chang upgrade brings about several
Semilore Faleti is a cryptocurrency writer who has delved deep into the world of journalism and content creation. He initially started writing on various subjects but eventually discovered his passion for understanding the complexities of blockchains and cryptocurrency. His focus on the efficiency of digital assets in terms of storing and transferring value has led
The payments industry has experienced substantial growth over the last five decades, making it one of the largest and fastest-growing sectors globally. Despite this growth, the sector still relies on outdated 50-year-old technology rails that are becoming increasingly inefficient over time. According to a report by Binance Research, leveraging blockchains, distributed ledger technology (DLT), and
Recently, Peter Diamandis, the founder of X Prize and Singularity University, posed an intriguing question to his 262K+ followers on X. He asked whether Bitcoin, the well-known cryptocurrency, will ever need a bailout. This question sparked a lively discussion among participants, with many providing insightful perspectives on the matter. One responder highlighted the fact that
In a groundbreaking development, a London resident named Habibur Rahman has been charged with operating a Bitcoin ATM without proper registration. This marks the first instance in the UK where such charges have been brought before the courts. The 37-year-old was arrested following a raid at a gadget shop in Chatham by Kent Police. Moreover,
John is a dedicated writer and enthusiast in the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply engrossed in it for over two years. His passion lies in unraveling the complexities of blockchain technology and sharing insights on the latest trends in the cryptocurrency realm. John’s day