Latest Blockchain and Crypto News

The fall in the cost of bitcoin did not scare the miners, they have been increasing their capacity over the past few days. On June 12, the BTC hashrate hit 231,428 exahash per second (EH/s), a new record in the history of the cryptocurrency. The lion's share of bitcoin power is generated by miners...

After inflation has set a new record high, risk assets like stocks and cryptos have been seeing a large selloff and price decline. The largest cryptocurrency, Bitcoin fell below $23,000, its lowest in 18 years. Amid the extremely volatile market conditions, a leading crypto lending platform Celsius...

Law firm Roche Freedman LLP has filed a class-action lawsuit against the American division of the crypto exchange Binance and its CEO Brian Schroeder on behalf of LUNA and the UST stablecoin investors. According to the 72-page complaint, Binance.US offered unregistered securities to US citizens,...

Crypto lending platform Celsius has suspended withdrawals, exchanges, and transfers between accounts “due to extreme market conditions.” The project token reacted with a fall. “We understand this is unfortunate news, but we believe that our decision to suspend withdrawals, exchanges, and...

Binance, the largest crypto exchange by trading volume temporarily paused Bitcoin withdrawals amid the market selloff as the price of the coin fell below $24,000. Binance CEO Changpeng Zhao or CZ announced about the issue on Twitter, saying that it was caused by a stuck transaction which led to a...

On Monday, June 13, Tron's algorithmic stablecoin USDD briefly lost its peg to the US dollar and dropped to $0.97. Half-hour USDD/USD chart of the Poloniex exchange. Data: Trading View. The decoupling occurred against the background of the collapse of the cryptocurrency market. At the time of...

Binance reported on its initiatives to help Ukrainian residents affected by the war. Binance representatives said that from April 26 to June 10, almost 70,000 people issued a cryptocurrency Binance Refugee Card. To receive financial support through it, users must contact non-profit partner...

Global financial markets were shocked another time as the US inflation hit a 40 year high. The annual rate of inflation rose to 8.6%. Reports came on Friday, and led to a sell off of global risk assets such as stocks and cryptos. In the last 7 days, the Bitcoin price fell by around 20.7%, dropping...

Jan Van Eck, CEO of VanEck Asset Manager, in an interview with Barrons, predicted the price of the first cryptocurrency to rise to $250,000. “But that could take decades. It is difficult to set a time frame for this,” he added. According to Van Eck, bitcoin has a bright future and has to reach...

Legal proceedings between the US Securities and Exchange Commission and Ripple continue. A few days ago, the agency submitted a motion to file Ripple's opposition brief under seal. District judge Analisa Torres, however, found sealing the brief fully isn't warranted. Ripple defense lawyer James...

A senior official at Canada’s Central Bank said the number of residents who own crypto is growing fast and efforts to regulate the industry need to keep pace with the developments. During an interview with Reuters, the Bank’s Senior Deputy Governor Carolyn Rogers said the area is still small,...

In June, high temperatures in Texas led to record levels of energy consumption and impacted local bitcoin miners. On June 9, electricity demand in the state peaked at 75,437 MW, according to the state's main utility ERCOT. Many Texas-based miners have entered into agreements with the provider to...

Globally, the desire to invest in different cryptocurrency coins has increased. The trigger for this is the rise in the value of Bitcoin, Ethereum and other cryptocurrency coins - coins which were bought at meager sums at the time, and have now turned a number of people into millionaires. Everyone...

International payments company Mastercard announced working to unlock NFT trading with the Layer 2 scaling solution ImmutableX, the digital collectibles company Candy Digital, The Sandbox metaverse, the NFT marketplaces Mintable, Spring, Nift Gateway, and crypto payments company MoonPay. In a...

According to US Treasury Secretary Janet Yellen, it is extremely risky to invest pension savings in digital currencies. These are very volatile instruments, so Congress needs to take action. Yellen has repeatedly criticized virtual currencies in the past. According to her, such tools are used by...

Ethereum Layer 2 scaling solution Optimism was exploited and lost 20 M tokens. The hack happened as the crypto market-making company Wintermute accidentally provided the platform a multisignature address for the liquidity addition and facilitation of transactions. The address wasn’t deployed on...

It will take “at least two days” to restore the operation of the Osmosis blockchain platform, which has been unable to process transactions for a day due to an exploit. Users will be reimbursed for lost funds, the project team said. On May 8, the blockchain suspended block production due to a...

2022’s Forbes Fintech 50 list includes a record number of crypto-focused companies. The list presents the most innovative private financial technology businesses. Digital asset firms together have attracted $6.5 bln in capital investments with the main part of it received in the previous 12...