The Solana SOL ecosystem has reported over 2,500 monthly active developers, as per recent data from the Solana Foundation. A report released on Jan. 9, 2023, stated that the network had maintained between 2,500 and 3,000 monthly active developers over the past year. The report emphasized the importance of sustaining a consistent number of developers […]
United States-based Bitcoin miner, CleanSpark Inc., is preparing to significantly enhance its mining capabilities. The company has plans to purchase up to 160,000 Bitmain S21 miners by the end of 2024. This strategic move is expected to increase CleanSpark’s hashrate from its current 10 exahashes per second (EH/s) to an impressive 50 EH/s over the […]
Omid Malekan, a renowned author and professor at Columbia Business School, has raised concerns about a tokenomics practice prevalent among newly launched layer-1 blockchains such as Aptos and Celestia. He fears that this practice may soon attract regulatory scrutiny and potential crackdowns.Malekan criticized the practice of allowing insiders with locked tokens to stake and earn […]
Standard Chartered, a British multinational bank, has projected that Bitcoin (BTC) will reach a value of $200,000 by the end of 2025. This prediction indicates a more than 300% increase from its current trading value. The bank’s research note released on Monday suggests that the imminent approval of Bitcoin spot ETFs could result in an […]
Core Scientific, a major Bitcoin mining company that filed for bankruptcy, has successfully closed a $55 million equity offering. This move comes as the company prepares to emerge from its Chapter 11 filing in December 2022. The equity offering was oversubscribed, leading to excess capital being returned to investors.Adam Sullivan, CEO of Core Scientific, stated […]
In a significant move signaling strategic expansion, CleanSpark has invested a whopping $193 million in new miners. This investment comes as the company prepares for Bitcoin’s next halving event.The company’s ambitious goal is to achieve a fivefold increase in its hashrate. The hashrate is a key performance indicator in the world of cryptocurrency mining, representing […]
Blockchain and tokenization are revolutionizing money funds, offering instant payments and revenue automation for investors. Archax, a digital asset firm regulated by the UK FCA, is leading this adoption by enabling tokenized investments in abrdn money market funds, marking a groundbreaking milestone.Money market funds are a low-risk type of investment that offers investors a return […]
Grayscale, a leading asset management firm with a portfolio of around $27 billion, has announced a significant change in its fee structure for its proposed Bitcoin ETF. The firm has reduced its management fee from 2% to 1.5%, a strategic move aimed at strengthening its position in the competitive exchange-traded fund market.In a bid to […]
The crypto world is on the edge as the United States Securities and Exchange Commission (SEC) approaches a pivotal moment that could mark a historic shift in cryptocurrency. Investors, enthusiasts, and industry experts are closely watching for the SEC’s decision to approve a spot Bitcoin Exchange-Traded Fund (ETF), expected to be made by Wednesday, January […]
Speculation is mounting that asset managers are sitting on a significant amount of capital, ready to invest in Bitcoin ETFs. This comes ahead of the anticipated launch of these ETFs later in the week.This News Article was automatically generated by Bob the Bot (AI) Information Details Geography Global Countries Sentiment positive Relevance Score 1 People […]
