Month: June 2024

Hermetic Labs Emerges as a Beacon for Blockchain Enlightenment A new venture, Hermetic Labs, has made its debut as a pioneering force in blockchain consultancy. Spearheaded by the accomplished Milana Valmont, the firm sets out to demystify blockchain technology for the general populace, putting a strong emphasis on the formative role of educational and advisory […]

Bitcoin miners are encountering financial strain amid the cryptocurrency’s slipping value, with their revenue reaching a historical low recently. The downturn has been observed as the digital currency hovers around the $62,000 mark. The scale of the plunge in profit is noteworthy, as it marks a continuation of a troubling trend for those responsible for […]

Recent online discussions have highlighted worries surrounding the Solana (SOL) network, a prominent player in the web3 space with nearly $3 billion in locked assets. An influential crypto commentator, followed by over 328,000 users on a prominent social platform, has suggested a brewing investigation into Solana that could precipitate a protracted drop in its cryptocurrency’s […]

Cryptocurrency enthusiasts faced a wave of digital delinquency as renowned rapper 50 Cent’s online presence became a conduit for a scam, according to his Instagram post. Within just half an hour, the swindlers purportedly amassed a staggering three million dollars. The intrusion targeted not only his social media but also his official website, promoting a […]

Solana, the fifth-largest cryptocurrency by market capitalization, has recently experienced a downturn, with its value falling below $125 after a considerable drop of nearly 8% in 24 hours. This downward movement coincides with a noteworthy decline in revenue generated by the Solana blockchain, which hit a weekly low at just around $626,900. This financial decline […]

Cryptocurrency mining firms are offloading vast amounts of Bitcoin, seeking to balance the books as their earnings take a significant hit. This surge in Bitcoin sales by mining entities has unveiled the hidden pressures within the digital mining industry. With a revenue drop to the tune of $2 billion this month, the crypto mining landscape […]

In the ever-evolving world of digital currency, Bitcoin (BTC) and Ethereum (ETH) remain at the forefront, each with its own distinct markets for derivatives. Derivative markets offer a diverse range of financial instruments, such as futures, options, and perpetual futures, which enable traders to speculate on the future prices of these cryptocurrencies. As such, there […]

Investor enthusiasm is mounting in the bitcoin mining industry as the potential for high-performance computing (HPC) and artificial intelligence (AI) applications becomes apparent. This surge traces back to a significant deal where Core Scientific, a prominent bitcoin miner, entered into a 200 megawatts collaboration with an AI entity, CoreWeave. Analysts from financial giant JPMorgan highlighted […]

Europe takes a significant leap in the global crypto landscape, becoming the second-largest cryptocurrency economy worldwide. An expansive study, conducted by Chainalysis in 2023, revealed that Europe’s hefty contribution of 17.6% to the global cryptocurrency transaction volume is indicative of the region’s growing prominence. This surge is particularly notable given the recent stringent regulations imposed […]

Arab Bank Switzerland, a financial institution recognized for its innovative approaches in banking, is raising the standards of digital asset management by integrating Wecan Comply’s blockchain-based compliance software. This strategic move is set to advance the bank’s capabilities in managing the compliance data of independent asset managers. The collaboration with Wecan Comply is specifically tailored […]