BTC mining difficulty forecast to rise in Dec, as hashprice sits near record lows
Bitcoin miners caught a break on Thursday as difficulty dropped, but the relief may be short-lived if it rises in December, as forecast. The Bitcoin (BTC) mining difficulty is projected to increase during the next difficulty adjustment scheduled for December 11, as hashprice, a critical metric that measures expected miner profitability per unit of computing
1.75M Hyperliquid tokens unlocked today, but was the price impacted?
The Hyperliquid development team provided clarity on Saturday’s token unlock in response to community fears of increased selling pressure. The team behind the Hyperliquid decentralized exchange (DEX) disclosed a 1.75 million HYPE token unlock for its developers and core contributors on Saturday, valued at over $60.4 million at the time of this writing. Saturday’s token
Crypto self-custody is a fundamental right, says SEC’s Hester Peirce
Self-custody of assets and financial privacy are both fundamental rights consistent with the pro-freedom philosophy on which the US was founded. Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions. “I’m a
Bitcoiners accuse JPMorgan of rigging the game against Strategy, DATs
The financial services giant has filed with the US Securities and Exchange Commission to launch a leveraged BTC financial product. Members of the Bitcoin community and supporters of Strategy, the largest corporate holder of Bitcoin (BTC), are criticizing JPMorgan’s proposed Bitcoin-backed notes, accusing the bank of spreading fear, uncertainty and doubt about Strategy and other
Conor McGregor calls out Khabib over NFTs, gets shut down by ZachXBT
The former UFC champion tried to launch his own celebrity memecoin, REAL, in April, but the project failed to gain traction. UFC star Conor McGregor criticized former rival Khabib Nurmagomedov for his non-fungible token (NFT) drop on Telegram, which featured digital “papakhas” — a traditional hat worn in Nurmagomedov’s native country of Dagestan. “There is
Strategy and Bitcoin supporters call for ‘boycott’ of JP Morgan
The tension erupted following news that Strategy and other crypto treasury companies would likely be excluded from major market indexes. The backlash against financial services company JP Morgan from the Bitcoin (BTC) community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew. The anger from
Bitcoin volatility surge may signal return to options-driven prices: Analyst
The rising volatility suggests a potential return to levels seen before the launch of BTC exchange-traded funds, which dampened volatility. Bitcoin’s (BTC) price volatility has surged over the last two months, signaling a potential return to options-driven price action that sparks large market moves in both directions. Bitcoin’s implied volatility never broke past 80% after
Bitcoin OG’s selling to ‘weak’ hands will deepen selloffs: Peter Schiff
The transfer of Bitcoin (BTC) from long-term holders, also known as “OGs,” to “weak” hands will cause future drawdowns to be more severe, according to gold investor and economist Peter Schiff. Bitcoin is “finally having its IPO moment,” Schiff said on Saturday, adding that there is now enough liquidity in the Bitcoin market for long-term
Cardano suffers temporary chain split from code bug, but ADA hangs on
The Cardano blockchain network suffered a temporary chain split on Friday due to an old software bug triggered by an abnormal transaction. The Cardano network suffered a temporary chain split on Friday, due to a “malformed” delegation transaction, transactions to delegate ADA (ADA) to a staking pool, which are valid on the protocol level but
Coinbase crypto exchange executes internal wallet migration
The crypto exchange said the planned internal migration is a normal, “best practice” in the industry to maintain cybersecurity standards. Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which