Ethereum Classicâs Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition â Altcoins Bitcoin News
[ad_1] Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classicâs hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the networkâs hashrate has decreased significantly as 44.33% of it has been lost over the […]
The Rise of AI-Focused Projects in 2023 â Blockchain Bitcoin News
[ad_1] Trends show that artificial intelligence (AI) will be a major topic in 2023, as data indicates a surge in interest. Since interest peaked and Microsoft invested billions into Chatgpt, demand for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto project Fetch.ai has seen its native token FET rise 212% in the past […]
FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers â Bitcoin News
[ad_1] Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions ârelated to crypto asset transfers should be removed.â Bankman-Friedâs Legal Team Argues for Removal of 2 Bail Conditions […]
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go â Bitcoin News
[ad_1] The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the companyâs staff, according to reports published on Friday. Matrixportâs COO, Cynthia Wu, cited a âshift in the regulatory climateâ and âindustry-wide capitulationsâ as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues […]
Crypto Asset Aptos Soars to All-Time High, Increasing 391% in 30 Days â Altcoins Bitcoin News
[ad_1] During the past 30 days, the layer one blockchain asset aptos (APT) has risen 391.8% against the U.S. dollar. In the past seven days, Aptos has increased 123.7% after reaching an all-time high of $19.92 per unit on Jan. 26, 2023. The Role of Decentralized Finance, Infrastructure Support, and NFTs in Aptosâ Recent Surge […]
Lido Protocol Reveals Plans for Withdrawal Feature Ahead of Ethereum’s Shanghai Hard Fork â Defi Bitcoin News
[ad_1] While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lidoâs team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With […]
Twitter Users Spot Crypto Scam Tweet on Verified Robinhood Account, Company Removes Post â Bitcoin News
[ad_1] According to multiple sources, the Twitter account of Robinhood was allegedly hacked on Wednesday, Jan. 25, 2023. The account posted a tweet promoting a Binance Smart Chain token listed on the Pancakeswap decentralized exchange. An analysis of the situation on the blockchain shows that the token received fewer than $1,000 in purchases before Robinhood […]
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research â Bitcoin News
[ad_1] Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfiâs exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfiâs […]
Quicknode Raises $60 Million in Series B to âFuel Blockchain Adoptionâ and Expand Globally â Bitcoin News
[ad_1] Web3 infrastructure firm Quicknode raised $60 million in a Series B funding round, according to an announcement the company made on Tuesday. The capital injection brings the companyâs post-valuation to $800 million, and Quicknode says the funds will be used to âfurther fuel blockchain adoption.â Quicknode Aims to Streamline Web2 to Web3 Movement With […]
Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network â Bitcoin News
[ad_1] Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 […]