Author: e_cash_top

[ad_1] Ethereum layer-2 network zkSync’s Era faced a temporary block production halt today but is now back in full operation following a bug-related disruption that lasted over four hours. In a Dec. 25 post on X, the developers confirmed that a bug within its server triggered an automated safety protocol, causing network issues. “The zkSync…

[ad_1] Quick Take As 2023 draws to a close, analyzing options data provides revealing insights into Bitcoin’s perceived value. In the year-end options expiry on Dec. 29, $40,000 stands out as the distinct ‘call wall,’ a term used to describe the price at which the largest number of call options are set to expire. The…

[ad_1] Crypto-related investment products received $103 million in inflows last week, bringing the year-to-date flow to almost $2 billion. Data from CoinShares’ head of research, James Butterfill, showed that Bitcoin-related products saw $87.6 million of the total inflows recorded last week. This brings its monthly flow to $95.5 million and its year-to-date flow to $1.758…

[ad_1] Quick Take The Bitcoin mining industry is experiencing a notable shift in its revenue structure. CryptoSlate’s analysis identified a significant increase in the fees miners earn from processing transactions. Last week, these fees exceeded the standard block reward of 6.25 BTC, suggesting a potential shift away from the traditional way miners generate their income.…

[ad_1] The Japanese government has reportedly ended the imposition of unrealized gains tax on crypto assets held by corporations, local media outlet CoinPost reported. In a Dec. 22 cabinet meeting, the authorities reportedly approved the discontinuation of taxing corporations for unrealized gains derived from cryptocurrencies issued by third parties. This policy change is slated to…

[ad_1] It has been widely accepted that Bitcoin ETF applications have been the main driver for Bitcoin’s return to the April 2022 level at above $40k. The thesis is simple: with a new layer of institutional legitimacy, the capital pool for Bitcoin inflow would deepen. From hedge funds and commodity trading advisors (CTAs) to mutual…

[ad_1] In the decentralized finance (DeFi) space, each blockchain or protocol can be compared to a unique stall in a bustling marketplace. However, there’s a twist: each trader (blockchain) communicates using their rules and language. While this diversity fosters a hotbed of innovation, it simultaneously presents a formidable challenge — the absence of seamless and…

[ad_1] The U.S. SEC has set a strict deadline of Dec. 29 for companies hoping to launch exchange-traded funds (ETFs) tied to spot Bitcoin price, Reuters reported Dec. 23, citing people familiar with the discussions. This significant development emerged from a high-level meeting on Dec. 21, where SEC officials engaged with representatives from leading financial…

[ad_1] The following is a guest post from John deVadoss, the Co-founder of InterWork Alliance. Act One: From a Crisis, A New Institution Emerges On July 30, 2008, the United States Housing and Economic Recovery Act, intended to address the subprime mortgage crisis (which had precipitated the then ongoing Global Financial Crisis), was formally signed.…

[ad_1] The Bitcoin network witnessed a significant rise in mining difficulty, setting a new all-time high by surpassing 72 trillion at block height 822,528. The 6.98% increase from its previous level indicates an acceleration in mining operations around the globe, and the deployment of more powerful computing resources in the industry as miners prepare for…