‘Golden age’ for Bitcoin mining shows surging hashrate and higher profits
    26 Aug 2021
    620 Views

    Bitcoin hashrate triples since June 28 as miners are coming back online after China’s crackdown while surging Bitcoin price makes the mining business wildly profitable. Bitcoin topped $50,000 on Monday, benefiting from simultaneous supply chain shortages and a crackdown from Chinese regulators – putting Bitcoin mining on par with profits near the coin’s April all-time-high….

    Citi reportedly prepares to trade CME Bitcoin futures, following Goldman Sachs
    26 Aug 2021
    567 Views

    According to a new CoinDesk report, Citigroup is actively recruiting traders to begin working with Bitcoin futures on the Chicago Mercantile Exchange and is awaiting regulatory approval. CoinDesk, citing two sources, including one within the bank, reported that Citi is planning to trade Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The bank reportedly…

    Coinbase users are frustrated over customer support after hackers drain crypto wallets
    26 Aug 2021
    552 Views

    A growing number of users of the popular crypto exchange Coinbase have found their accounts on the platform empty after hackers managed to gain access to them and drain their cryptocurrency wallets. According to a Tuesday CNBC investigation, thousands of customers across the country have lodged complaints against the company. One couple, for example, logged…

    Cardano’s major ambitions
    26 Aug 2021
    446 Views

    Only recently, the Cardano cryptocurrency has blasted into the top 3 by capitalization (it has since rolled back into 4th place, however). This is an incredible success for historically not the most popular crypto that doesn’t even use smart contracts. The ADA price has risen 49% over the past seven days. Thanks to this, Cardano…

    The world’s second-largest stablecoin to be 100% backed by cash and US Treasuries
    25 Aug 2021
    499 Views

    Circle, an issuer of the world’s second-largest stablecoin USDC, has announced plans to be 100% backed by cash and short-term U.S. Treasuries by September. The company’s most recent attestation showed USDC’s $22 billion supply was backed by only 61% cash and cash equivalents. “Mindful of community sentiment, our commitment to trust and transparency, and an…

    Visa buys a CryptoPunk for $150,000 as its first step into NFT commerce
    25 Aug 2021
    509 Views

    One of the world’s largest card payment organizations, Visa, has purchased an NFT for over $150,000, signaling that NFTs are here to stay. Visa said Monday it bought a “CryptoPunk,” one of the thousands of NFT-based digital avatars, for nearly $150,000 in Ether. “We think NFTs will play an important role in the future of…