Bitcoin mining difficulty has set a new historical record. As a result of the next recalculation on February 25, it updated the maximum, increasing by 9.95%, to 43.05 T, according to BTC.com. The previous record was set on January 29, when the difficulty reached 39.35 T. Bitcoin mining difficulty changes every 2016 blocks, or roughly...
DeFi platform Oasis seized assets related to the Wormhole cross-chain bridge hack that occurred in February 2022. The operation was authorized by a British court. To extract assets, the developers used a vulnerability in the multi-signature administrator access mechanism, which was previously discovered by an unnamed white hat hacker. According to the statement, in accordance...
Solana network faced a slowdown in block production on Feb. 25 following an upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network performance. The technical issue started around 6:00 am UTC, leading validators to downgrade to version 1.13 to...
With the growing popularity of cryptocurrencies, the market is flooded with various types of wallets, each with its own set of functions and limitations. In this article, we will take a detailed look at some of the best crypto wallets currently available and help you make an informed decision about which one to choose. Coinbase...
According to the financial results report published on February 21 for the fourth quarter of last year, the largest American crypto exchange Coinbase recorded a net loss of $ 557 million, and for the whole year — $2.625 billion. For comparison, in 2021, Coinbase’s net profit amounted to $840 million and $3.624 billion, respectively. According...
The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives of over 10 industry groups. Liquid staking is the practice on blockchains using a proof-of-stake consensus mechanism...
China Telecom and Conflux Network announced a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year. This will likely be...
The share of Tether (USDT) in the stablecoin market exceeded 51% for the first time since May 2022. This past weekend, February 11-12, this figure reached 51.07%, and by February 13 it was 51.31%, according to CoinGecko. In second place is USD Coin (USDC) – it occupies 30.64% of the market, Binance USD (BUSD) accounts...
According to the Dune analytical platform, on February 13, the outflow of funds from the Binance crypto exchange amounted to $916 million. This was the largest outflow of funds in one day since November 24 last year, when assets worth $1 billion were withdrawn from Binance. Withdrawals by exchange users on February 13 follow an...
Kraken has settled charges with the U.S. Securities and Exchange Commission (SEC) and is shutting down its on-chain staking program, the government agency shared on Thursday. The exchange, which was charged under its subsidiaries of Payward Ventures and Payward Trading, will pay $30 million in charges for “disgorgement, prejudgment interest and civil penalties.” In response...
