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A recent report by CoinGecko has revealed significant contrasts worldwide in the profitability of Bitcoin mining for individual miners, based on varying household electricity costs. Europe Lags in Profitable Countries for Solo Mining The data shows that producing one Bitcoin in Italy costs around $208,500, while in Lebanon it
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Green Dot Bank, which provides banking and debit card services to over 30 million Walmart shoppers, is facing accusations that it has frozen customer accounts and denied access to funds for extended periods, according to an NBC News report. The bank initially blamed an unnamed partner for payment processing issues
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Former FTX CEO Sam Bankman-Fried is asking to be released on bail during the weekdays to prepare for his upcoming trial, according to a letter sent by his lawyers to US District Judge Lewis Kaplan on August 18th. Bankman-Fried has been held at the Metropolitan Detention Center in Brooklyn since
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Polkadot's latest quarterly report provided insights into the performance of key sectors like development, staking, and DeFi in Q2 2023. On the development front, Polkadot reached an all-time high of 181 core developers in March. While there was a decline in April, the metric rebounded through the end
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An under-the-radar Ethereum gaming token has rallied against the broader crypto downtrend, surging 42% over the last seven days. Echelon Prime (PRIME) aims to advance next-generation gaming through its web3 ecosystem. According to its website, Echelon creates tools to encourage innovation and growth in novel gaming models and economies. The
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Optimism transactions surpassed Arbitrum for the first time in 2023 earlier this week, marking a shift in the competitive layer 2 landscape. Optimism has offered lower fees compared to the dominant Arbitrum network. According to data from L2Fees, sending ETH cost $0.03 on Optimism but $0.04 on Arbitrum.
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Non-fungible token (NFT) trading activity on the Bitcoin blockchain has fallen dramatically since reaching all-time highs this spring. According to data from DappRadar, an NFT analytics platform, the total trading volume for Bitcoin Ordinals NFTs has plunged around 98% from $452 million in May to just $3 million as of
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The abrupt discontinuation of "Binance Connect," formerly known as Bifinity, just a year after its debut, indicates Binance's strategic pivot towards its core offerings. Introduced in March 2022, the service aimed to facilitate businesses' seamless integration into the crypto world, supporting an impressive list of
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The Arbitrum team clarified that its network was not down yesterday, despite many users reporting issues with transaction processing. The problems were caused by the batch poster failing to post batches of transactions to the chain for about an hour, not a network outage. Batch Poster Failure, Not Full Outage
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Jerry Cuomo, CTO of IBM Automation, outlined key risks for businesses considering ChatGPT use in a recent blog post. He argues lack of control over data entered into ChatGPT poses major challenges. Data Privacy and Security Concerns Once data is input into ChatGPT, users lose control over how it'
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OpenSea, the leading NFT marketplace, has discontinued support for NFTs minted on BNB Smart Chain. Users can still view and transfer BNB Chain NFTs on OpenSea, but no new listings or offers will be allowed. Redirecting Resources In its announcement, OpenSea cited a need to focus resources on more promising
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The SEC may approve a futures ETF based on Ethereum according to recent reports. Analyst Adam Cochran argues this would imply the SEC views ETH as a commodity, not an unregistered security. Implications for Ethereum Approval of an ETH futures ETF would be a major win for Ethereum. It would
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THORChain, a decentralized liquidity protocol, has seen a surge in trading volume and its native RUNE token price after launching a new product called streaming swaps. RUNE rose over 40% this week, hitting a 4-month high despite broader crypto market weakness. Streaming Swaps Drive Volume On August 14, THORChain saw
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RUNE, the native token of THORChain, has rallied over 70% in August even as most other major cryptocurrencies declined. The price of RUNE sat near $1.60 at press time, up from lows around $0.90 earlier this month. What's Behind RUNE's Surge? According to analysts,
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Decentralized lending protocol Exactly suffered an exploit on Friday, becoming the latest DeFi bridge hack victim. The platform confirmed it was investigating a security issue and had paused transactions. Cybersecurity firms reported that over $7 million worth of Ethereum was stolen by exploiting Exactly's smart contracts. Ongoing Bridge
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Cryptocurrency exchange Kraken announced it has added support for PayPal's recently launched stablecoin PYUSD. Kraken enabled PYUSD deposits on August 18th and will begin trading pairs against USD and EUR on August 21st. It joins a growing list of platforms accepting the new stablecoin. Mainstream Backing PayPal unveiled