Tag: News

Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits – Mining Bitcoin News

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While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago. Bitcoin’s Hashrate Slips Lower The first week of November 2022 was brutal for digital currency prices as FTX’s collapse rippled across the entire industry in a negative fashion. Prior to the FTX fallout, bitcoin was trading above the $20K…

MEXC’s Changing for You | The 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders – Press release Bitcoin News

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press release PRESS RELEASE. In September of this year, blockchain media outlet, Cointelegraph, reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract business, and its average daily trading volume has reached an increase of 1,200%. 「Users first, MEXC’s Changing for you」has always been the service philosophy that MEXC adheres to. The ‘Zero Maker Fee’ Event is set to launch to give back to MEXC’s futures users. The activity starts on December 1st. It is understood that to…

DOT Hits 12-Day High, UNI up for Fourth Straight Day – Market Updates Bitcoin News

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Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data being released. Uniswap was also higher, despite the turbulent sentiment on Friday. Polkadot (DOT) Polkadot (DOT) moved to a 12-day high on Friday, as the token rallied, despite crypto markets being mostly lower in the day. Following a low of $5.34 on Thursday, DOT/USD surged to an intraday high of…

US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices – Bitcoin News

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On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 bankruptcy proceedings. The U.S. Trustee explained in the letter that FTX’s collapse was comparable to complex bankruptcy cases like Lehman’s, Washington Mutual Bank’s, and New Century Financial’s. Moreover, while the U.S. Trustee submitted a filing that requested a third-party examiner, former FTX CEO Sam Bankman-Fried has continued to appear in numerous interviews with the media. U.S. Trustee: An…

ETH, BTC Higher Following US Nonfarm Payrolls Report – Market Updates Bitcoin News

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Ethereum moved closer to the $1,300 level on Dec. 2, as prices remained near a multi-week high. This comes as the latest U.S. nonfarm payrolls report showed that 263,000 jobs were added to the U.S. economy. Markets had expected this to come in at 200,000. Bitcoin was trading above $17,000 prior to the release of the data. Bitcoin Bitcoin (BTC) was once again trading above the $17,000 level, following today’s U.S. nonfarm payrolls (NFP) report. Today’s data was expected to show an addition of 200,000 jobs to the American economy,…

BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit – Defi Bitcoin News

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Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack targeting the defi space. The perpetrators who hit the platform were able to mint and steal a massive amount of tokens in a multimillion-dollar exploit. Defi Protocol Ankr Hit by Unlimited Mint Bug Exploit Worth Millions Ankr, a decentralized finance (defi) protocol based on Binance’s BNB Chain, has been exploited by a hacker who apparently used an unlimited minting bug. On-chain analysts broke the news on social media and the attack, which occurred on Dec. 1,…

Data Lake Secures First Blockchain-Based Consents for Medical Data – Press release Bitcoin News

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press release PRESS RELEASE. December 2th, Warsaw – Poland: Data Lake has collected the first consents on the blockchain for patients’ medical data to be used by researchers. The company is an EU-funded startup that is seeking to solve two of the biggest problems in medical science: access to medical data, and bias in datasets. In much of the world, researchers do not have easy access to high-quality medical data. Patient privacy and donor consent are two other core issues, and so far there has been no solution that guarantees…

South African Government to Add Crypto Entities to ‘List of Accountable Institutions’ – Regulation Bitcoin News

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According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19. Businesses that convert one crypto asset to another or that conduct transactions where a crypto asset is transferred “from one crypto asset address or account to another” will also be added. Amendments to Financial Intelligence Centre Act The South African government recently said persons operating crypto-related businesses will be added to the list…

Animoca Brands Plans $2 Billion Metaverse Fund to Support Established Projects – Metaverse Bitcoin News

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Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund. The new fund, which would be focused on returns for potential investors wanting to get more Web3-related capital exposure, will focus its activities on companies in the mid-to-late investment stages. Animoca Brands Plans Animoca Capital Fund Launch Animoca Brands, one of the most recognized metaverse and NFT companies in the ecosystem, has announced plans to launch its own metaverse fund. According to statements made by co-founder Yat Siu…