Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to … Read more

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, since … Read more

Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months

Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like … Read more

Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase

During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded on Nov. 12, 2022. Network’s … Read more

Bitcoin Whale Transfers $2.2 Billion Worth of BTC for Just $7

Whale alert reports that a so-called whale has transferred the equivalent of $2.24 billion in bitcoin for less than $7. In a series of tweets on Friday, the crypto tracking tool said the bitcoin (BTC) whale sent a total of 241,500 BTC in seven successive transactions within one hour. Each transaction, made separately to unknown … Read more

PR: Coinseed Announces Its SEC Filed Crowdfunding Campaign

Coinseed is a platform for spare-change investment and cash back rewards in crypto. Since they launched in Dec 2017, they have acquired nearly 20k users through organic growth and built several new features. As they are now preparing to scale up the business, Coinseed launched its SEC filed crowdfunding campaign and you can join here. … Read more

Okex Cryptocurrency Exchange to Delist 42 Trading Pairs

Hong Kong-based cryptocurrency exchange Okex will delist 42 trading pairs on Oct. 31 for failing to meet its listing requirements. Tokens such as iconomi, read and prochain, all paired with BTC, have been cited as having “weak liquidity and trading volume.” Okex said the move will create “a robust trading environment.” Also Read: Visa CEO Plays … Read more

Change.org Launches Screensaver That Mines Crypto for Charity

Social petition platform, Change.org, has announced the launch of a screensaver that mines Monero on behalf of the organization. “The Mining Screensaver” will pool the computing power of the program’s users, with all XMR generated being automatically transferred to the Change.org Foundation. Also Read: Iran Considers Using Cryptocurrencies to Evade US Sanctions “The Screensaver That Mines … Read more

Yes, You Can Buy Your World Cup Ticket with Bitcoin

Russian crypto-media have asked a meaningful question – why World Cup tickets can’t be bought with cryptocurrency. Credit card payments and bank transfers are currently accepted, but are they an option for every fan who wants to go to the stadium? And, is it really impossible to get a ticket with your bitcoin? Also read: … Read more

New Local Crypto Street Exchange Shop Trades Bitcoin for Cash in Central Moscow

A change bureau trading bitcoin has been opened in the Russian capital. According to local media, this is the only currency exchange in Moscow buying and selling cryptos for cash. Lawyers say nothing in the law prohibits this kind of service, and the business is legal.  Also read: Russians Owe 13% Tax on Their Crypto … Read more