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Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity…
Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin…
Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s)…
Over the past few weeks, there’s been a buzz of intrigue and speculation around World Liberty Financial, a decentralized finance (defi) project led by Eric Trump and Donald Trump Jr.…
Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing…
Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan’s insights aim to clarify the transaction fee…
A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among…
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana…
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC…
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI cryptocurrency transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity…