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Bitcoin Price Declines Amid Network Congestion and Rising Transaction Fees
December 18, 2023
Bitcoin's price faced a dip starting the week in the red after a sudden surge in Ordinals minting resulted in a congested blockchain network. Major cryptocurrencies like Ethereum, Solana, Cardano, …
Read moreHut 8 Mining to Develop New Site in Texas amid Celsius Bankruptcy
December 18, 2023
As a part of an interim agreement, Canadian Bitcoin mining corporation, Hut 8, is to develop a new mining site in Cedarvale, Texas. This development is related to the ongoing …
Read moreFTX Shells Out Millions in Bankruptcy Fees
December 18, 2023
The beleaguered crypto exchange, FTX, is paying approximately $53,000 every hour in bankruptcy lawyer and adviser fees, recent disclosures reveal. Between August and October, the defunct exchange has been billed …
Read moreBlockchain-Based Private Loans Witness 128% Increase, Hits $582M
December 18, 2023
Blockchain-based private loans have seen a significant resurgence, with a 128% year-over-year increase in value to reach $582 million, signaling a notable rise in interest in blockchain as an alternative …
Read moreCrypto Leaders Collaborate to Propel Pro-Crypto Regulatory Measures
December 18, 2023
Prominent crypto leaders have come together to amass a joint investment of $78 million to augment the presence of crypto-approving lawmakers in the U.S political scenario. This retaliatory action, targeted …
Read moreScramble for Bonk Meme Coin Sparks Solana Saga Phone Sales Surge
December 18, 2023
Following months of slow sales, the Solana Saga phone has reportedly become a hot number, selling out on its official platform. These sales coincide with the growing hype surrounding the …
Read moreLearn Concept: How Tether Implements Wallet-Freezing Policy to prevent Illicit Use of Stablecoins
December 18, 2023
Tether, the global leader in stablecoin issuance, strategically freezes certain wallets in order to deter illicit usage of cryptocurrencies. Recently, Tether hindered 326 wallets, equivalent to USD $435 million, following …
Read moreTether Freezes Millions in Assets Amid DOJ, FBI, and Secret Service Assistance
December 17, 2023
Tether, the world's largest stablecoin issuer, has frozen 326 wallets holding USD $435 million in response to requirements from the U.S. authorities. The company released letters sent to Senator Cynthia …
Read moreLearn Concept: Understanding Decentralized Governance in Ethereum Name Service and Adoption of ERC-3643 Standard
December 17, 2023
This advanced crypto concept focuses on the changes in Ethereum Name Service (ENS) and the acceptance of the ERC-3643 standard. In a significant development, the Ethereum Name Service has achieved …
Read moreRipple Legal Chief Foresees Major Cryptocurrency Regulatory Shifts by 2024
December 16, 2023
The Chief Legal Officer of Ripple, Stuart Alderoty, has delved into insights about potential transformations in the cryptocurrency landscape, specifically targeting 2024. Alderoty anticipates the resolution of Ripple's ongoing lawsuit …
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