Tag: News

Binance Reveals Incident That Forced It to Freeze BTC Withdrawals – Featured Bitcoin News

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In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that ultimately forced it to pause withdrawals. To fix the problem and to stop this from recurring, Binance said it changed the logic “to only take successful UTXO from consolidation transactions or successful withdrawal transactions.” Minor Hardware Failures Binance has said bitcoin withdrawals on its Bitcoin network have resumed just hours after “a stuck on-chain transaction” forced the exchange to freeze…

Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving – Mining Bitcoin News

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After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the 200 EH/s region. Hashrate Drops to 182 EH/s and Bounces Back Above 200 EH/s, Over 741 Million Bitcoin Transactions Confirmed Close to a week ago, Bitcoin’s hashrate tapped an all-time high at 292.02 EH/s at block height 739,928 and since then, it has…

Coinbase Reduces the Size of the Firm’s Workforce by 18% – Bitcoin News

Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew Too Quickly,’ Crypto Exchange CEO Says On June 14, Coinbase published a blog post written by the company’s CEO Brian Armstrong. The letter from Armstrong was announced in a Tweet that said: Coinbase CEO Brian Armstrong announced today the difficult decision to reduce the size of…

Ranked Wall Street Analyst, Founder of altFINS, Democratizes Crypto Investing – Sponsored Bitcoin News

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sponsored The Fair token launch gives its community an equal opportunity to participate in lieu of easy upfront cash from private sales or pre-sale. AFINS fair launch manifesto Richard Fetyko is the CEO and Founder of altFINS, the best crypto trading analytics platform. He worked 14 years on Wall Street in Equity Research at several investment banks. Now, he brings his financial, analytical and trading experience into the crypto asset market. Richard decided to create altFINS.com platform for analysis and monitoring of crypto currencies. Get ready to put on your…

Celsius Faces Liquidity Crisis, but how are Other Crypto Firms Faring? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Global markets took a catastrophic hit yesterday, as the Nasdaq was down 4.60% and the S&P 500 was down 3.88%. Crypto suffered the most, as Bitcoin dropped over 20% to reach a low of $20,800. Ever since the crypto rally in November, in response to Bitcoin ETF Futures product being launched, crypto has been on a ruthless downtrend with little sign of relief. Bitcoin has correlated with the Nasdaq very tightly this year, and actually performed better up until May. When…

Tether Tokens (USDt) to Launch on Tezos – Blockchain News, Opinion, TV and Jobs

Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, will launch Tether tokens (“USDt”) on Tezos, a pioneering upgradable Proof-of-Stake blockchain. The addition of USDt to Tezos demonstrates its growing momentum as a thriving Proof-of-Stake blockchain which continues to build a reputation as the leading choice for brands and institutions looking to build the Web3 revolution.   Tether’s USDt, now available on 12 blockchain networks, welcomes the Tezos ecosystem to the US $80 billion network. USDt on Tezos will power revolutionary…

THETA, HNT Rise Over 20%, Despite Crypto Crash – Market Updates Bitcoin News

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THETA was trading higher on Tuesday, as prices rebounded, moving away from multi-year lows in the process. HNT also rallied, climbing by as much as 20% earlier in today’s session. Theta Network (THETA) THETA was one of the most notable movers during today’s session, as prices gained by nearly 20% earlier in the day. Following a low of $0.9688 to start the week, THETA/USD rose to an intraday peak of $1.22 on Tuesday. Today’s surge saw THETA move away from yesterday’s bottom, which is the lowest level prices have been…

Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token – Altcoins Bitcoin News

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Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows Monday’s deviation from the parity and comes after the Tron DAO Reserve deployed large quantities of USDC to shore up the reserve’s defense. Tron’s USDD Stablecoin Continues to Remain Lower Than the $1 Parity, Tron DAO Reserve Deploys 500M USDC Many cryptocurrency supporters are watching…

BTC Falls to $20,000 Range, as Sell-Off Extends – Market Updates Bitcoin News

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Bitcoin declined for an eighth consecutive session on Tuesday, as the crash in crypto markets continued. BTC fell to the $20,000 range for the first time since December 2020, whilst ETH hit $1,000, also recording a multi-year low. Bitcoin BTC was trading lower for an eighth consecutive day, with Monday’s decline sending prices to their lowest point since December 2020. The world’s largest crypto token fell to an intraday low of $20,950.82 in today’s session, following yesterday’s low of $23,607.69. This latest decline comes as traders prepare for tomorrow’s FOMC…

South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse – Exchanges Bitcoin News

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Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening Guidelines Five of South Korea’s leading domestic cryptocurrency exchanges have said they plan to create a consultative body whose mandate is to prevent the recurrence of a token collapse similar to that of the first iteration of Terra’s LUNA. The consultative body will achieve this by…