Bitcoin network hash rate has recently reached a new peak of 414 exahashes per second (EH/s) on Aug. 18, according to Blockchain.com. This is a 54% increase from the beginning of 2023 and 80% over the past 12 months. However, Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per […]
A hacker successfully exploited a vulnerability in the code of various liquidity pools of Curve Finance, a prominent decentralized finance (DeFi) platform, resulting in the theft of $24 million worth of tokens. The breach originated from a bug in Vyper, a programming language for smart contracts written in Python, which had not been previously identified […]
Austrian Chancellor Karl Nehammer has recently proposed enshrining the right to use cash in the country’s constitution, a move that has sparked a heated debate. Nehammer believes that cash holds a deep-rooted significance for the citizens of Austria, representing tangible value, privacy, and sovereignty. This proposal has been met with both support and criticism, with […]
PayPal, a payment giant based in San Jose, California, has announced the launch of its own stablecoin, PYUSD, in partnership with Paxos Trust Co. This digital currency is backed by deposits denominated in US dollars, along with short-term Treasuries and comparable cash equivalents, to ensure a secure and reliable peg to the US dollar. The […]
Avalanche, a blockchain platform, recently announced a $50 million initiative to buy tokenized assets on its blockchain. The program, called Avalanche Vista, is intended to demonstrate the merits of applying blockchain rails to traditionally manual use cases. Despite the bullish cues, the native token AVAX has erased its 2023 gains and is currently trading at […]
Solana Labs has announced the integration of its decentralized payment protocol, Solana Pay, with e-commerce giant Shopify. This integration will enable millions of businesses operating on the Shopify platform to leverage Solana Pay for their payment needs. Initially, USDC payments will be accepted, but more crypto-assets will be added in the future.The integration of Solana […]
Stablecoins have made a huge impact in the payments industry, settling more than $11 trillion in value in 2022, rivaling Visa’s $11.6 trillion. This is according to a report by European hedge fund Brevan Howard.The report found that over 25 million blockchain addresses held more than $1 in stablecoins, with the majority of these being […]
Cardano, a prominent blockchain protocol, has recently launched the Catalyst testnet to the public. This allows participants to collaborate with the IOG Catalyst development team in testing new features. Cardano’s Project Catalyst aims to link investors with novel ecosystem protocols through decentralization.The Cardano cryptocurrency has experienced heightened instability in the past week, with its price […]
XRP has become the most preferred asset in South Korean investors’ portfolios, especially those in their 20s, according to new findings. The proportion of XRP in the portfolios of individuals in their twenties exceeds that of Bitcoin and Ethereum by approximately 3.2%.Kim Dong-hwan, CEO of South Korea’s virtual asset specialist Wonderframe, believes investors in their […]
Shiba Inu (SHIB) has encountered a shaky start following the launch of Shibarium, with a 23% slip in price. On the other hand, Borroe ($ROE) has been experiencing an upsurge in activity as the network’s interest continues to skyrocket. The Stage 1 presale of $ROE tokens has surpassed 51%, and the token is currently selling […]
