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The hashrate and mining difficulty of Bitcoin (BTC) has steadily climbed through 2023, rising during periods of bullishness, bearishness, and stagnation in the crypto market. An examination of the current state of Bitcoin mining reveals enduring interest despite variable market conditions. Bitcoin mining involves using computational power to solve complex
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An artificial intelligence-crafted song mimicking Drake and The Weeknd has been officially submitted for 2023 Grammy nominations, escalating the controversy around AI music. The submission came from an anonymous TikTok user known as Ghostwriter. In April, they released "Heart On My Sleeve," an AI-generated Drake/Weeknd collaboration that
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Coinbase outlined plans this week to expand operations across several countries where crypto regulation appears clearer than in the United States. The move spotlights America's unsettled legal landscape for digital assets. In a blog post, Coinbase executives flagged the EU, UK, Canada, Brazil, Singapore, and Australia as near-term
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Bitcoin’s price has languished in a tight range recently, testing the patience of bulls longing for a breakout. But a pivotal momentum indicator may signal BTC is nearing an inflection point. This week, Bitcoin’s MVRV ratio reached 1.27, a level that has historically marked decisive turning points.
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The SEC leveled charges against Nashville crypto firm Linus Financial this week, accusing it of failing to register securities tied to its retail crypto lending product. The enforcement action highlights regulators’ sharpening scrutiny of crypto lending and DeFi protocols. The charges focus on Linus’ Interest Accounts, which launched in March
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Last month, venture capital investments in crypto projects shook off the blues from the first half of 2022 and increased 20% compared to July, reaching $660 million in August. This surprising uptick signals crypto’s enduring appeal even as coin prices plummet. The recent funding uptick emerges like a phoenix
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The Securities and Exchange Commission announced this week that it has reached a settlement agreement with cryptocurrency lending startup Linus Financial Services following allegations the company offered unregistered interest-bearing accounts to customers. While declining to impose civil penalties, the regulator delivered a stern warning to the broader crypto lending industry:
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A stunning court ruling this week ordered South African company Mirror Trading International (MTI) to pay over $1.7 billion in restitution to victims of an alleged Bitcoin investment scam. The decision represents one of the largest judgments ever aimed at recovering funds lost in cryptocurrency fraud. It highlights intensifying
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The crypto industry's legal clash with regulators escalated this week as blockchain firm LBRY announced plans to appeal its court loss against the SEC. Meanwhile, Synthetix revealed upcoming releases aimed at easing decentralized exchange usability and driving mainstream DeFi adoption. The developments highlight intensifying efforts to shape crypto&
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Last week brought a rollercoaster ride for Bitcoin traders, with over $24 million worth of short positions liquidated in 24 hours amid reports that banking giant JPMorgan is developing a blockchain-based digital payment token. The massive liquidations, affecting 26,390 traders, highlight the precarious nature of shorting volatile cryptocurrencies. But
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Last week, the fintech affiliate of Chinese internet conglomerate Alibaba made waves by unveiling ZAN, a new blockchain service aimed at gaining traction in Hong Kong, Singapore, and other overseas markets. This surprising move comes despite China's controversial ban on cryptocurrency transactions last year. The launch highlights Ant
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An unassuming office building in Manhattan was abuzz last week with the release of a new report. JPMorgan analysts had just adjusted their estimates of Bitcoin's production costs, sending ripples across the industry. The new methodology reveals encouraging news for miners facing lean times - costs are lower
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On an obscure corner of the internet last week, Ethereum enthusiasts gathered with optimism. Crypto insiders peered at data from Uniswap, a dominant ETH trading venue, searching for clues on price direction. The analysis revealed traders positioning for upside, deploying capital in ways that could propel Ethereum higher. Though risks
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On a bustling Singapore side street, the old and new economies converged unexpectedly last week. In a sleek fintech office, crypto investors met with private lenders to broker einmal deals through tokenized interfaces. Controlled experiments are underway - but a project called Helix aims to productize such crypto-enabled credit opportunities
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On the outskirts of Austin last week, the mechanical grind of warehouses filled with computers echoed across the Texas plain. Inside, miners assembled racks of specialized hardware to solve complex math sustaining the Bitcoin network. While BTC prices fluctuated, these prospectors steadily extracted new crypto rewards. Their unwavering resolve speaks
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New York, NY - Last week, global securities regulators unveiled their first plan to rein in the lawless landscape of decentralized finance (DeFi). Their aim: to impose order on these uncharted digital territories before the next crisis strikes. "DeFi has become the new Wild West of finance," warned