Crypto

3 Minutes

Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025

Michelle B. Velez March 27, 2023 0 Comment

Despite Bitcoin’s difficulty reaching an all-time high at 46.84 trillion, participants in bitcoin mining have kept the hashrate running stronger than ever before. According to statistics, on March 23, 2023, the hashrate reached a...

4 Minutes

Crypto News

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

Michelle B. Velez March 27, 2023 0 Comment

According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired...

3 Minutes

Crypto News

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

Michelle B. Velez March 27, 2023 0 Comment

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American...

2 Minutes

Crypto News

Umi’s Friends: Connecting Web2 Users to the World of Web3

Michelle B. Velez March 27, 2023 0 Comment

Umi’s Friend, a unique play-to-earn experience is on a mission to connect Web2 users with the emerging world of Web3 through its new offering, Umi’s Friends. The game, which is a casual and fun...

11 Minutes

Crypto News

The Yin and Yang of Crypto Regulation: TOP 10 Countries Impacting Global Crypto Market

Michelle B. Velez March 27, 2023 0 Comment

This article explores the regulatory approaches taken by governments toward cryptocurrency and the impact on the digital currency market. It provides insights into the top countries regulating cryptocurrency and their strategies and examines the...

2 Minutes

Crypto News

Nifty League Integrates Chainlink VRF

Michelle B. Velez March 27, 2023 0 Comment

Nifty League Integrates Chainlink VRF on Ethereum to help fairly select winners of its MEGA Raffle. By integrating the industry-leading decentralized oracle network, Nifty League have access to a tamper-proof and auditable source of...

3 Minutes

Crypto News

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

Michelle B. Velez March 27, 2023 0 Comment

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges...

2 Minutes

Crypto News

Biggest Movers: XRP Nears 5-Month High to Start the Week, Despite Crypto Market Consolidation

Michelle B. Velez March 27, 2023 0 Comment

Xrp moved back towards a five-month high on Monday, as prices surged for a third straight session. The token formerly known as ripple was one of the very few gainers to start the week,...

2 Minutes

Crypto News

Binance and CEO Changpeng Zhao sued by CFTC over trading and derivative violations

Michelle B. Velez March 27, 2023 0 Comment

Binance, the world’s largest crypto exchange by volume; its CEO Changpeng Zhao; and Chief Compliance Officer Samuel Lim, are being sued by the U.S. Commodity Futures and Trading Commission, according to a filing on...

2 Minutes

Crypto News

Microstrategy Buys 6,455 More Bitcoin — Now Holds 138,955 BTC

Michelle B. Velez March 27, 2023 0 Comment

Microstrategy has purchased 6,455 bitcoins for approximately $150 million at an average price of $23,238 per coin. With its latest purchase, Microstrategy now holds 138,955 bitcoins acquired at an average of $29,817 per coin....