The Hedera blockchain network is a decentralized, open-source public ledger that is revolutionizing the blockchain industry. It utilizes the hashgraph consensus algorithm to solve key issues facing blockchain users, such as speedy transactions and low fees. Hedera is capable of processing up to 10,000 Transactions Per Second (TPS) and has seen adoption rise, with more […]
The Shiba Inu (SHIB) token has experienced a 1% decline in value over the past 24 hours, disappointing holders who were expecting a surge in price after the launch of Shibarium. Over the past weeks, the team behind Shiba Inu has taken steps to reintroduce the Shibarium layer 2 network to the public, but the […]
Canaan, a Bitcoin mining company listed on the NASDAQ, reported its unaudited financial results for Q2 2023. The company saw growth in computing power sold and BTC mining revenues, but faced a significant net loss of $110 million. Revenues for Q2 2023 totaled $73.9 million, up from $55.2 million quarter-on-quarter. This consisted of $57.9 million […]
VC Spectra (SPCT) is a decentralized hedge fund that is revolutionizing the crypto investment world. It offers a platform that bridges advanced investment opportunities with those with minimal industry insights. SPCT is a BRC-20 token created on the Bitcoin blockchain, and it offers a range of benefits to its holders, such as quarterly dividends, buybacks, […]
Canaan Inc. (NASDAQ: CAN), one of the leading Bitcoin mining companies, has reported its unaudited financial results for Q2, 2023. The company saw its total revenue rise to $73.9 million, a 33.7% increase compared to Q1, 2023. Revenue from BTC mining also jumped 43.3% quarter-on-quarter, from $11.1 million to $15.9 million.Canaan CEO Nangeng Zhang commented […]
The US and EU have imposed sanctions on Russia after it invaded Ukraine last year, banning the acquisition, import, or transfer of coal and other solid fossil fuels. Digital Currency Group (DCG) is now moving towards resolving the financial challenges of its crypto lending subsidiary, Genesis. An in-principle agreement has been reached which could lead […]
Hong Kong’s Hashkey Exchange has recently upgraded its license to offer services to retail investors, allowing them to trade Bitcoin (BTC) and Ethereum (ETH) directly with US dollar deposits. The exchange projects that 500,000 to 1 million users could sign up on the platform by the end of the year.The decision to embrace crypto trading […]
Binance, the world’s largest crypto exchange, has removed Banco de Venezuela from its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to comply with international financial sanctions. Banco de Venezuela is one of the largest financial institutions in the country, and was sold […]
EmotiCoin has officially launched its groundbreaking Reverse Splits Protocol (RSP), an event that has been highly anticipated by the crypto community. The team behind the project is comprised of industry veterans who have identified a problem in the market: the confusing array of immense token supplies and minuscule prices that make it difficult for investors […]
The Akropolis Protocol is a decentralized finance (DeFi) protocol that focuses on under-collateralized loans and other financial services. The Akropolis Delphi Token (ADEL) was launched on the Ethereum mainnet in August 2020, and since then the Akropolis team has made several updates, including the POC-Polkadai bridge, a Parity Substrate Blockchain bridge for self-transfers of DAI […]
