Crypto-news

Bitcoin network computing power — or mining hash rate — reached a new all-time high on Christmas day, but has put putting more pressure on miners amid a slump in profitability. On Dec. 25, Bitcoin’s hash rate reached an all-time high of 544 exahashes per second (EH/s), according to Blockchain.com. The data was confirmed by Bitinfocharts, which…

The industry of stablecoins — or cryptocurrencies like Tether and USDC — has seen massive growth over the past year, with the market value hitting new all-time highs in 2023. With stablecoins rapidly growing, global jurisdictions have been rushing to regulate the market, according to a new report. As many as 25 countries had stablecoin legislation or regulation…

Crypto exchange MEXC has been forced to hose down speculation over a recently deleted X (formerly Twitter) account under the name “MEXC_CEO” — which some had feared could be a sign of trouble at the firm. On Dec. 24, MEXC wrote a post addressing recent “confusion” over the sudden removal of the MEXC_CEO account from…

Spot Bitcoin (BTC) exchange-traded funds (ETFs) could “completely destroy” Bitcoin if they are too successful, warns the former CEO of BitMEX. Hayes — who co-founded cryptocurrency exchange BitMEX in 2014 — explained in a Dec. 23 blog post that Bitcoin has value because “it moves.” "Expression" is my last article of 2024. I offer some thoughts on expressions of the…

Base Network, a project nurtured by Coinbase, shows consistent growth, although the rate has slowed since its initial surge. As of the latest data from L2Beat, Base’s total value locked (TVL) is nearly $735 million, marking a 4% increase in the past week. According to the data, since its official launch in August 2023, the TVL of…

Bitcoin is set to wrap up the year outperforming all major traditional assets, data provider Kaiko Research predicts. The cryptocurrency is up more than 160% in 2023 despite tight macroeconomic conditions and headwinds in the crypto industry. Just a few companies are ahead of Bitcoin performance, including NVIDIA Corp (NVDA), which has jumped 241% year-to-date, outpacing Bitcoin’s…