Category: Latest news

[ad_1] Quick Take In a notable development in the Bitcoin mining arena, an uptick in miner fees was observed by CryptoSlate yesterday. Miner revenue per Exahash, a metric applied to estimate the daily income of miners in relation to their network hash-power contribution, has experienced a significant surge. This metric, calculated by the ratio of…

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[ad_1] Binance co-founder Changpeng ‘C.Z.’ Zhao will remain in the U.S. until his sentencing next year after Judge Richard Jones deemed him a flight risk, according to a Dec. 7 court filing. Judge Jones determined that Zhao possessed substantial financial wealth to evade justice if he returned to the United Arab Emirates (UAE). The judge…

[ad_1] Quick Take As anticipation builds around introducing a spot Bitcoin ETF in the United States, the world’s largest financial capital market, a comparative analysis with the Canadian market provides intriguing insights. Canada is already home to a spot Bitcoin ETF, Purpose, possessing a market cap of roughly USD$370 million, with holdings of about 34,000…

[ad_1] Global investment management firm VanEck‘s 2024 predictions for crypto suggest a transformative year ahead for the sector, highlighting pivotal events and trends set to redefine the digital asset landscape from economic fluctuations to groundbreaking technological advancements. The forecasts are based on analysis beyond just the crypto sector, looking at economic trends, technological developments, and…

[ad_1] The total value of assets locked (TVL) in Cardano’s decentralized finance (DeFi) ecosystem is approaching a 21-month high of $300 million on the back of the blockchain network’s native ADA token bullish price movement. Per DeFillama data, Cardano’s TVL sits at $298 million as of press time, representing a 508% growth on the year-to-date…

[ad_1] The blockchain interoperability project LayerZero announced on Dec. 7 that it intends to launch a native cryptocurrency in the coming months. LayerZero Labs posted to Twitter/X: “LayerZero has always been built with the ability to have a native token within the protocol, as can be seen in the immutable code launched on day 1…

[ad_1] Quick Take The forthcoming Bitcoin halving in April 2024 is projected to significantly impact the Bitcoin mining landscape, potentially doubling the cost of Bitcoin production and electrical costs. Recent data from Capriole Investments underscores the severity of this change, with current Bitcoin electrical and production costs estimated at around $28,500 and $47,655, respectively, against…

[ad_1] A decade ago, MicroStrategy CEO Michael Saylor expressed skepticism about Bitcoin, warning about possible regulatory threats. On Dec. 7, 2013, Saylor wrote: “Lacking a credible sponsor, #Bitcoin is in imminent danger of being regulated out of existence.” In the decade since, not only has Bitcoin not been regulated out of existence, but it has…

[ad_1] The major cryptocurrency exchange Binance withdrew an application for certain operations in Abu Dhabi, according to a recently updated filing. The Abu Dhabi Global Market (ADGM) is the regulator responsible for the request, which took effect on Nov. 15, 2022, and was withdrawn on Nov. 7, 2023. On its website, Binance states that the…