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Polygon's -0.09% Price Decline to $0.5754: Key Takeaways for August 20, 2023

Over the past 24 hours, Polygon's native token MATIC has slipped -0.09% from $0.5756 to $0.5754. Though showing minimal price movement short-term, analyzing Polygon's additional statistics offers crucial insights into the Ethereum scaling platform's current standing and potential trajectory. Summarizing the

By John Williams Aug 20, 2023

News

Polkadot's -0.24% Price Drop to $4.49: Key Insights for August 20, 2023

Over the past 24 hours, Polkadot's price has decreased by -0.24% from $4.50 to $4.49. While showing minimal ultra-short term fluctuation, analyzing Polkadot's additional statistics provides critical insights into the blockchain network's current standing and future outlook. Summarizing the data, Polkadot

By John Williams Aug 20, 2023

News

Dogecoin's Flat -0.01% Price Change to $0.06408: Key Insights for August 20, 2023

Dogecoin's price remained extremely stable over the past 24 hours, decreasing just -0.01% from $0.06408 to $0.06407. While the meme-inspired cryptocurrency has seen little ultra-short term movement, examining the additional statistics reveals several key takeaways about Dogecoin's current standing and future outlook. Summarizing

By John Williams Aug 20, 2023

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Cardano's 0.09% Price Uptick to $0.2672: Key Insights for ADA Traders

Cardano's ADA token has seen a small 0.09% price increase over the last 24 hours, bringing it to $0.2672. While on the surface this appears insignificant, analyzing the data reveals some interesting takeaways for ADA traders. In this in-depth look, we'll explore Cardano'

By John Williams Aug 20, 2023

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Bitcoin's 0.04% Price Increase to $26,138.50: Key Takeaways for Traders

Bitcoin's price has seen a slight 0.04% increase over the past 24 hours to $26,138.50. While this may seem insignificant, a closer analysis of the data reveals some interesting insights for traders. In this in-depth look at the latest Bitcoin market data, we will explore

By John Williams Aug 20, 2023

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The Vast Differences in Bitcoin Mining Profitability Worldwide

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

By John Williams Aug 20, 2023

News

US Bank Freezing Accounts, Denying Customers Access to Funds

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

By John Williams Aug 20, 2023

News

FTX Founder Sam Bankman-Fried Requests Weekday Bail

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

By John Williams Aug 20, 2023

News

Polkadot Q2 Report Shows Ups and Downs for Development, Staking, and DeFi

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

By John Williams Aug 20, 2023

News

Ethereum Gaming Token PRIME Defies Bear Market With 42% Weekly Surge

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

By John Williams Aug 20, 2023

News

Optimism Gaining Ground on Arbitrum in Battle for Top Ethereum Layer 2

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.

By John Williams Aug 20, 2023

News

Bitcoin Ordinals NFT Trading Volume Plummets 98% Since May Peak

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

By John Williams Aug 19, 2023
How Will Binance Connect Shutdown & Ethereum Fare Against the Rising Star, Big Eyes Infinity?

Contributor

How Will Binance Connect Shutdown & Ethereum Fare Against the Rising Star, Big Eyes Infinity?

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

By John Williams Aug 19, 2023

News

Arbitrum Says Network Wasn't Down Despite Transaction Issues

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

By John Williams Aug 19, 2023

News

IBM Expert Highlights Enterprise Risks of ChatGPT

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'

By John Williams Aug 19, 2023

News

OpenSea Drops Support for BNB Smart Chain NFTs

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

By John Williams Aug 19, 2023
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