Tag: eth
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The Ethereum network is being turbocharged by layer-two solutions
With Ethereum transaction fees still high, more layer-two powered platforms are emerging.
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Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation…
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Jack Dorsey cites Bitcoin as a better model for the internet in Trump ban explanation
Days after Donald Trump’s account was banned, Twitter CEO Jack Dorsey explained that it was the right decision, but still sets a dangerous precedent.
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New Comptroller of the Currency announced: Will he be as good for crypto?
Acting Comptroller of the Currency Brian P. Brooks is officially stepping down after eight months at the OCC.
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EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’
Exchange platform eToro is struggling amid surging demand for crypto, sending an email to all users warning of possible trading limitations this weekend.
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Bitfarms Closes Its Second $15M Private Placement in a Week
Bitfarms was able to sell far few shares for the same amount of proceeds thanks to a 45% rise in its stock price in the last week.
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Rick and Morty creator auctioning NFT artwork collection
The platform stated it would offer “several original artworks” from Justin Roiland as part of his NFT collection.
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On-chain data: Institutional players likely bought Bitcoin’s weekend dip to $30k
Bitcoin faced a strong dip last weekend and early this week. The cryptocurrency fell from the $42,000 highs set late last week to lows at $30,000 on some spot exchanges. During the move lower, there was a large ejection of leveraged traders. As CryptoSlate reported previously, in excess of $2.8 billion worth of cryptocurrency market…
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Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High
The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has ever experienced in…
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‘Was This Correct?’ Twitter’s Dorsey Asks About Banning Trump and Then Says ‘Yes’
He then praised Bitcoin as a “technology that is not controlled or influenced by any single individual or entity.”