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News and Articles by Diana



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Ethereum Classic network power skyrocketed by 280% after Merge fork

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The hashrate of the Ethereum Classic network has been growing since the end of July. The increase in capacity was the result of the arrival of miners who left Ethereum due to the upcoming Merge fork and ETH’s refusal of the PoW consensus in favor of PoS (Proof-of-Stake). The explosive growth in...

regulation

CCI CEO backs US government plans for crypto regulation

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Representatives of the American crypto business insist on the speedy legalization of the blockchain industry. Companies use a variety of channels to communicate with the government and Congress, including lobbying groups. According to the CEO of the Crypto Council for Innovation, Sheila Warren,...

Cryptocurrencies

Cryptocurrencies drop in price after successful Ethereum upgrade

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The developers have successfully upgraded Ethereum, however, the network’s underlying asset, Ether (ETH), is reacting negatively to the Merge fork. The largest altcoin has fallen over 8% to $1459 in the last 24 hours. Every week, ETH's capitalization fell by almost 14% to $178.884 billion....

Gary Gensler

The SEC will offer a flexible format for registering cryptocurrencies

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The SEC recommends a flexible approach to registering digital tokens as securities. A similar statement is contained in the transcript of the forthcoming speech of the head of department Gary Gensler before the US Senate. "I instructed the team to devise a technique to permit the trading of...

Ethereum Classic

Ethereum Classic hashrate soared by 200% in a month

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The computing power of the Ethereum Classic network has been growing over the past few weeks. Analysts attribute this trend to the connection of miners who left Ethereum before the Merge fork. Within a month, the ETC hash rate soared over 200% from 30 terahesh per second (Th/s) to 66 Th/s....

Canada

Canadian opposition led by supporter of bitcoin legalization

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Over the past few years, the Canadian authorities have been considering options for the phased legalization of the cryptocurrency market. Last summer, the country's central bank announced that it was impossible to ignore the blockchain industry. It has accumulated large capital and needs...

Taxes

Understanding Cryptocurrency Taxes

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In countries like the U.S., cryptos like Bitcoin and Ethereum are regarded as ‘property’ for tax considerations. When you sell, trade, or otherwise get rid of your cryptocurrency in whatever way, you are more likely to incur capital gains and capital losses on your investments in crypto, just...

Bitcoin

Bitcoin has shown its biggest drop since June

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Last Tuesday, Bitcoin (BTC) lost more than 10% in value - this is the strongest drop since mid-June. Sales in the stock markets did not bypass digital currencies. On the night of Wednesday, September 14, the BTC rate fell to $20,344. The capitalization of bitcoin over the past 24 hours has...

CBDC

Norway's central bank to test digital krone

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Norway is on the list of countries that are developing a national digital currency (CBDC). However, unlike China, the authorities of this European state decided to initially study the potential of the token and test it within a separate economic zone. The Central Bank announced large-scale tests of...

ETH

Trader activity weakens ahead of Ethereum update

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This coming Thursday, September 15, the Merge solution will be integrated into the Ethereum software, thanks to which the network will move to the Proof of Stake consensus. The activity of traders in anticipation of this event is reduced. Ethereum's underlying asset, the ETH token, is trading on...

blockchain

Top Blockchain Data APIs

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The cryptocurrency, blockchain, and DeFi industries generate genuine interest among developers. To ensure that your project gets the very best features and functionality it requires, it is vital to use a crypto data API. Using a set of definitions and protocols, APIs are techniques that let two...

Bitcoin

Analysts drew attention to the correlation between BTC and the S&P 500

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In August, Bitcoin's dependence on the US stock market sharply weakened. The correlation between BTC and business activity indicators was at an annual low, according to a report by Arcane Research. Last week, the dependence of cryptocurrency on the stocks of the technology sector began to increase...

DApp

DApps user activity up 3.7% in August

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In May, not only the value of leading digital currencies collapse but also the activity of users of blockchain applications (DApps) sharply weakened. The recovery trend was outlined at the end of the summer, according to the report of the DappRadar team. The average daily number of active addresses...

SOL

Solana bounces back after a big drop earlier in the week

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At the beginning of this week, the altcoin Solana (SOL) collapsed to $30.64 on a wave of strong sales. Capital exited cryptocurrencies due to the negative that returned to the stock markets. The coin began to win back losses last Wednesday, and its value increased by more than 11% in two days. On...

China

China begins crackdown on copyright infringement on NFTs

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The National Copyright Administration of the People's Republic of China (CNAC) intends to tighten the penalties for unauthorized use of other people's works of art to create NFTs. Authors of collections of non-fungible tokens will be prohibited from creating them based on music, animation, games,...

Hayes

Arthur Hayes: Ether could reach $3,000 by the end of 2022

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According to the former head of the BitMEX cryptocurrency exchange, Arthur Hayes, by the end of 2022, ether (ETH) may reach $3,000. In mid-August, the altcoin broke above $2,000, and many experts bet on its rise to $4,000 or even $5,000 by winter. However, soon the rollback resumed. The pump came...

Chainalysis

Chainalysis admits price divergence between ETH and BTC after The Merge

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The price of Ethereum may show independent dynamics from other cryptocurrencies after the Merge, as staking will make the second largest cryptocurrency by capitalization similar to bonds or commodities. This is stated in the study Chainalysis. The upcoming merger on September 15-16 will lead to the...

Ethereum Classic

Ethereum Classic jumps 10% amid increased activity of miners

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Since the beginning of the week, Ethereum Classic (ETC) has been gaining in value. The ETC rate has strengthened by almost 10% to $36 in a few days, the capitalization of the altcoin at the time of publication of this review was $4.935 billion. Cryptocurrency is strengthening against the backdrop...

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