Category: Latest news

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[ad_1] Quick Take Based on the latest data analysis, Bitcoin’s current block production rate indicates an intriguing trend for the year 2023. At present, the pioneering cryptocurrency is generating one block approximately every 9.83 minutes. This pace, which is determined by the current hash rate and difficulty projections, underlines the robust processing power of the…

Dropbox drops unlimited storage plans, citing abuse by crypto miners

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[ad_1] Cloud storage provider Dropbox has announced a it would discontinue its “unlimited” storage policy offered under its Dropbox Advanced plan and will replace it with a metered model to better manage the unexpectedly high usage patterns. These patterns, according to the team’s announcement, include unauthorized use of those data plans for crypto mining activities.…

Binance removes five sanctioned Russian banks from P2P trading: WSJ

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[ad_1] Binance has removed several sanctioned Russian banks from its peer-to-peer (P2P) trading service, The Wall Street Journal reported on Aug. 25. The news outlet cited a quote from Binance, which stated: “We regularly update our systems to ensure compliance with local and global regulatory standards. When gaps are pointed out to us, we seek to…

Record surge in Bank Term Funding Program hints at underlying instability in U.S. Treasuries

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[ad_1] Quick Take Based on the data analysis from analyst Joe Consorti, the Bank Term Funding Program (BTFP) has surged to a record $107.39 billion. This significant increase in the BTFP, a program instituted following the collapse of Silicon Valley Bank in March 2023, underscores the critical financial environment that led to the creation of…

Rep. Patrick McHenry calls proposed crypto tax rules an ‘attack on the digital asset ecosystem’

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[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

Fed Chair Jerome Powell discusses target interest and inflation rates at Jackson Hole summit

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[ad_1] The robust growth of the U.S. economy may necessitate additional interest rate increases to mitigate inflationary pressures, according to Federal Reserve Chair Jerome Powell. Speaking at the Jackson Hole Economic Symposium, an annual conference of central bankers in Jackson Hole, Wyo., Powell outlined the uncertainties surrounding the economic outlook while indicating the possible need…

Brian Armstrong to headline DeSci sessions at forthcoming Sora Summit

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[ad_1] Coinbase CEO Brian Armstrong will discuss Decentralized Science (DeSci) at the Sora Summit, a Web3 conference organized by Sora Ventures, slated for later this year. Armstrong, a prominent figure in the cryptocurrency industry, is actively promoting DeSci through his co-founded startup, ResearchHub. This platform enables researchers to openly share their work and earn cryptocurrency…

Surge in Bitcoin-margined futures signals gambler’s rush amidst market uncertainty

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[ad_1] Quick Take A notable divergence in futures contracts open interest, margined in USD or USD-pegged stablecoins versus those margined in native coins like Bitcoin, is beginning to emerge. Stablecoins in question include USDT and BUSD. The growing chasm shows contrasting preferences and risk assessments by players in the crypto space. Crypto margin, underpinned by…

Trump NFTs sales volume skyrocket by 3,700% following mug shot release

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