Over the last six months, Bitcoin (BTC) recorded numerous milestones — El Salvador’s mainstream adoption, a new all-time high of $69,000 and a stronger-than-ever network hash rate. However, for the first time in history, global Bitcoin ATM installations in the first two months have slowed down when compared to the preceding year. Bitcoin ATM installations…
Elon Musk, the founder and CEO of Tesla, has suffered a setback as one of the company’s top internal lawyers has departed, as stated in a legal filing submitted to federal court. Key Points Recent court filings reveal that Tesla founder and CEO Elon Musk has been dealt a significant blow, as one of the…
Power-intensive projects meet community pushback It’s interesting to see history repeating itself, I think. For years, Bitcoin miners learned that cheap power and available land didn’t automatically mean communities would welcome them. Now AI data center developers are hitting the same walls. They’re facing local resistance over electricity demands, infrastructure costs, and environmental concerns. The…
Bitmain, a major ASIC manufacturer, has halted employee salary payments since September due to financial struggles amid market volatility and halted IPO plans. Key Takeaways Bitmain, once a juggernaut in the Bitcoin ASIC manufacturing space, has plunged into financial turmoil, as reported by a technology information service platform, Leiphone, resulting in the suspension of salary…
Major domestic blockchain and virtual asset (cryptocurrency) experts have voiced the need for expansion of ecosystem participants such as Bitcoin, fostering and supporting the blockchain technology ecosystem. It was argued that a clear roadmap at the government level should be prepared, saying that non-fungible tokens (NFTs) and metaverses, which have been in the spotlight recently,…
It is not too late for Bitcoin (BTC) to reclaim its bullish bias as it halfway paints an indecisive ‘Doji’ candle on the weekly chart. In detail, Bitcoin’s price correction this week to below $33,000 had it form a lower wick, suggesting that bulls bought the dip. A sharp retracement ensued and took BTC price…
Hashlock, a leader in Web3 security and smart contract auditing, is proud to announce the successful completion of a comprehensive security audit for INDX. INDX is a DeFi focused index platform that enables users to create, manage, and invest in fully collateralized crypto indexes. Powered by Ethereum, the protocol leverages the battle-tested concept of index…
Brisbane, 20 August 2024 — PAiT, a cutting-edge DeFi platform on Solana, is poised to shake up the cryptocurrency world with the upcoming release of its much-anticipated copy trading decentralized exchange (DeX) this Q4. The upcoming platform, the first of its kind on Solana, promises to change the way users trade by allowing them to…
The head of the European Commission’s (EC) digital innovation and blockchain unit expanded on the pros of distributed ledger technology (DLT), and the current state of the regulatory framework in Europe.Balancing Blockchain Innovation and Regulatory ComplianceIn an interview with The Banker, a subsidiary of Financial Times, the head of the EC’s digital innovation and blockchain…
Cango’s Dual Strategy for Growth Chinese automotive platform Cango, which shifted to Bitcoin mining about a year ago, is now taking a two-pronged approach to its technology operations. The company plans to strengthen its existing Bitcoin mining business while also entering the artificial intelligence high-performance computing market. This move represents a significant expansion of their…
