Author: Crypto Insider

Russian President Vladimir Putin approved legislation to reduce its reliance on the United States dollar in international trade. The law will take effect in November 2024 and allow approved mining firms to register through a state database to mine crypto. Small, individual miners can also mine digital currency without officially registering if their energy consumption…

Miner hashprice, a metric that gauges mining profit margins, has fallen below $36 petahash per second (PH/s) — a record low according to a recent Blockbridge report. The storage infrastructure company predicts a dismal outlook for miner profitability if the upcoming difficulty recalculation is not adjusted lower. The report also noted that despite the price…

Security researchers have discovered a troubling new method that hackers can use to extract private keys from a Bitcoin hardware wallet even with only signed two transactions, which they’ve named “Dark Skippy.” The vulnerability potentially affects all hardware wallet models — though it can only work if the attacker tricks the victim into downloading malicious…

Decentralized prediction markets are gaining recognition as an innovative aspect of the broader cryptocurrency and blockchain ecosystem, but their adoption remains limited in many regions, including Africa. Despite this, there is a growing sentiment among crypto stakeholders that Africa holds significant potential for the success of these markets, with a rapidly expanding cryptocurrency market, increasing…

The Federal Reserve Bank of New York has released a report on the effect of sanctions on Tornado Cash, the crypto mixer blocklisted by the United States Treasury Department in 2022. Sanctions work, by and large, even in decentralized finance, the report concluded. The report’s findings also apply to Ethereum. The Ethereum network’s resistance to…

Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito. USDe…