Day: December 11, 2023

Bitcoin mining difficulty declined for first time since September

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On Dec. 10, 2023, Bitcoin (BTC) mining difficulty decreased by 0.96% with an average hashrate at 462.60 EH/s. The decrease in mining difficulty occurred against the backdrop of a drawdown in the Bitcoin price. On the night of December 11th, the price dropped to $40,500. This is the first reduction in mining difficulty since mid-September 2023, according to BTC.com. A change in this indicator directly affects the date of the halving, which is expected in April 2024. Source: BTC.com The last change in the indicator occurred on Nov. 26, 2023.…

The Sandbox Unveils New ERC-1155 Token CATALYSTs on Polygon to Empower Creators

The Sandbox introduces CATALYST tokens on Polygon, replacing gems in NFT minting. These ERC-1155 tokens enable users to mint, monetize, and sell creations, enhancing platform capabilities. In a significant move within the metaverse, The Sandbox introduces CATALYSTs, ERC-1155 tokens aimed at empowering creators. These tokens enable users to mint ASSETs with defined rarity and properties across five tiers. The all-new CATALYSTs tokens on Polygon Layer 2, serve as a replacement for gems in the NFT minting process. These ERC-1155 tokens also empower users to mint, monetize, and sell their creations,…

Argentine crypto influencers hope Javier Milei will shun FATF Travel Rule

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After libertarian Javier Milei was sworn into the presidential office in Argentina on Dec. 10, the local crypto community is hoping he’ll keep some of his most radical promises and take the country to the same level of crypto adoption as his counterpart Nayib Bukele did with El Salvador.  On the day of his inauguration, Latin American outlet Cryptonoticias published “three requests to Milei from the Bitcoin community.” The vice president of the NGO Bitcoin Argentina, Camilo Jorajuría, called for Milei to respect the privacy of his people and not…

Bitcoin and Ethereum prices cool off, traders bullish on this altcoin

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After a euphoric week, leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) ended Sunday in the red, and selling continued to this week’s open. Currently, Bitcoin is trading at $42.1K, down 4.07% today, while Ethereum is at $2.23K, down 4.87%. However, traders continue to rally behind Bitcoin ETF Token as its presale surges toward $3.5 million. Market overconfidence corrected, but analysts fear another flush Warning signs of a steep correction…

Tether Freezes over 160 Ethereum Wallets Tied to OFAC Sanctions List

Reactions from the crypto community have been mixed, with some viewing Tether’s actions positively in terms of encouraging wider adoption and demonstrating improved oversight within the stablecoin market. In an unexpected move, the USDT stablecoin issuer Tether froze 161 Ethereum wallets that were found to be linked to individuals on the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list. This preemptive action by Tether represents an effort to enforce US sanctions and prevent any potential misuse of its stablecoin, USDT, by sanctioned entities. The company in its…

U.S. agency identified Bitcoin inscriptions as cybersecurity risk

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The U.S. National Vulnerability Database (NVD) has recognized that BRC-20 standard tokens exploit a vulnerability in the Bitcoin code. According to the official notice, in some versions of the backbone of the network builders, Bitcoin Core and Bitcoin Knots, BRC-20 tokens bypass the established restrictions on the size of additional information contained in the “inscriptions.” The Ordinals protocol allows them to obfuscate data by disguising it as code, as one code developer has already discussed. PSA: “Inscriptions” are exploiting a vulnerability in #Bitcoin Core to spam the blockchain. Bitcoin Core…

Coinbase Stock Down 3% in Pre-Market, Cathie Wood’s ARK Invest Sold $49.2M Worth of COIN Shares on Friday

At the time of writing, Coinbase stock is trading at $141.98 whoch indicates a drop of over 3%. Coinbase stock is in the red zone during the pre-market session today while Bitcoin price has decreased from $44,000 to around $41,600.  At the time of writing, BTC is trading at nearly $42,000. It is reported that Cathie Wood’s ARK Invest has been gradually selling Coinbase Global Inc (NASDAQ: COIN) stock in recent weeks. On Friday, the company got rid of COIN shares worth $49.2 million. The sale that took place on…

Goldman Sachs Expects Fed to Deliver First Rate Cut in Q3 2024

Goldman Sachs brought forward its forecasts for the Fed’s interest rate cut to Q3 2024 from Q4. Goldman Sachs, a world-known investment banking company, revealed its forecasts for the Fed’s interest rate cut. The investment giant believes that it will take place in Q3 2024 while previously it forecasted that it would happen in Q4 2024. The changes in these estimates followed the significant movements in the crypto market that have been recently observed. The growth in the prices of Bitcoin and major altcoins was attributed to traders’ optimism on…

Crypto VC Firm C1 Explores Acquisitions in Australia, Targets Animoca Brands and Chainalysis

Australia’s recent regulatory developments in the crypto space coincide with C1’s endeavor to acquire private holdings in the country. Crypto venture capital firm C1 is making strategic moves to acquire private holdings in Australia’s crypto market, according to reports from local media, Australian Financial Review, citing a Pitch Deck seen by the company. The firm, founded by former Coinbase executives, plans to utilize its $500 million fund to purchase secondary shares from prominent companies and local ventures, preferably those with a minimum valuation of $300 million from series C funding…

Bitcoin Price Erases Nearly Week’s Gain, BTC Plunges 6.5% to Below $41K

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The 6.5% plunge represents the largest single-day decline for Bitcoin in over a month, despite the asset’s overall growth of more than 12% in the past 30 days and an impressive 150% rally since January 1. In a surprising development experienced earlier today, the price of Bitcoin (BTC) experienced a sudden 6.5% drop, plunging below $41,000 and erasing nearly a week of gains. This unexpected drawdown has left investors puzzled, prompting a chain reaction across the crypto space. Bitcoin Price Sees Sharp Decline At 2:15 am UTC, Bitcoin’s value spiraled…