Category: CryptoX News

XRP Ledger ‘Self-Healed’ After Brief Downtime

The XRP Ledger (XRPL) was briefly unavailable early Wednesday as a consensus mechanism design led to a temporary halt in network operations. The incident began when the network’s consensus process appeared to function, but validations were not being published, causing the network’s ledgers to “drift apart.” In the XRP Ledger, consensus among validators is crucial for updating the ledger with new transactions. If validators cannot agree on which transactions to include in the next ledger version, the network can’t move forward. A “drift” in this context means that while the…

Bitcoin (BTC) Network Hashrate Growth Was Muted in January, JPMorgan (JPM) Says

The Bitcoin network hashrate, a proxy for competition in the industry and mining difficulty, rose slightly in January, Wall Street bank JPMorgan (JPM) said in a research report on Monday. The monthly average network hashrate rose 1% to 785 exahashes per second (EH/s), the bank noted, while mining difficulty fell 2% month-on-month. The month-end, weekly moving average hashrate was 781 EH/s, a 2% decline from the end of December, the report said. “This is relatively uncommon, and a modest tailwind for bitcoin (BTC) mining economics,” analysts Reginald Smith and Charles…

ETH drops to $3k, BTC falls below $100k, RBLK market cap reaches $10.8m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rollblock is poised for growth in 2025, leveraging blockchain solutions to transform the iGaming sector while Bitcoin and Ethereum navigate market volatility. The early months of 2025 have been extremely volatile. While Bitcoin has shown impressive resilience, bouncing back faster than others, the fate of the broader altcoin market ultimately depends on Ethereum’s ability to regain substantial momentum.  As the crypto market stabilizes, Rollblock is emerging as a standout…

Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for Bitcoin Mining

Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a “vertically integrated” BTC mining operation. “We are really excited about planting roots in Alberta, our first site in Canada. This acquisition is the culmination of extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium,” Haris Basit, chief strategy officer at Bitdeer, said in a press release. “It marks a significant step in our strategy to become the first fully-vertically integrated Bitcoin miner, giving us unmatched…

Republican lawmakers launch bicameral working group to bring clarity to crypto

Republican lawmakers announce a bicameral working group to fast-track crypto regulations, focusing on stablecoins and digital asset market rules in a major push for long-awaited industry clarity. Republican lawmakers are stepping up their efforts to bring clear rules to the crypto industry, forming a bicameral working group to push legislation on stablecoins and digital asset market structures.  The move, announced on Feb. 4 at a Capitol Hill press conference, marks a coordinated effort between key House and Senate leaders to create a structured framework for crypto regulation, an issue that…

Binance CEO’s Advice: 3 Tips to Handle Crypto’s Sudden Downturn

Binance CEO has revealed three crucial survival tips for investors as the crypto market swings wildly—insights that could make the difference between panic and profit. Massive Crypto Sell-Off? Binance CEO’s 3 Survival Tips for Investors Binance CEO Richard Teng addressed investor concerns over recent market volatility in a Feb. 3 post on social media platform […] Source CryptoX Portal

Coinbase Users Are Losing $300M Annually to Scam Artists, Analyst Says

But perhaps his most serious allegation is that Coinbase appears to be doing little to curb the issue. America’s Largest Cryptocurrency Exchange Has Failed to Protect Its Users, According to an Onchain Analyst Pseudonymous onchain analyst Zachxbt claimed on Monday that Coinbase users, many of them elderly, have lost more than $300 million annually to […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Price (BTC) Tumbles Below $97K as Rally Fails

The rally in bitcoin (BTC) and crypto from the weekend’s tariff-induced panic has proven to be a short-lived one. Late in the U.S. trading day, bitcoin was down 4.8% over the past 24 hours to $96,900 after having climbed up to the $101,000 level just two hours earlier. Much of the altcoin sector fared worse, with solana (SOL), (XRP), cardano (ADA) and chainlink (LINK) sporting declines of 6%-10%. Ether (ETH) was lower by 5.3%. The start of today’s late tumble appeared to coincide with a crypto-related press conference held by…

SEC Commissioner Hester Peirce Lays Out 10 Priorities for New Crypto Task Force

The U.S. Securities and Exchange Commission’s (SEC) newly-created Crypto Task Force is working to create long-awaited regulatory clarity for the crypto industry, according to a Tuesday statement from Commissioner Hester Peirce. Pierce, who was appointed by Acting Chair Mark Uyeda to spearhead the Crypto Task Force, laid out 10 of the group’s priorities, including resolving the question of what makes a cryptocurrency a security vs. a commodity, and creating a more “viable” path to registration by modifying the SEC’s existing paths. Other priorities include “provid[ing] clarity about whether crypto-lending and…

Sol Strategies Expands SOL Holdings With 40,300 SOL Acquisition

Sol Strategies has strengthened its validator operations and SOL holdings, acquiring an additional 40,300 SOL worth $9.93 million. Expansion of SOL Holdings and Validator Operations Remain Key for Sol Strategies Sol Strategies Inc., a publicly traded Canadian firm focused on the Solana blockchain, has announced significant validator growth and expanded SOL holdings. Between Jan. 19-31, […] Source CryptoX Portal