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Blockchain
Bitcoin Network Adjusts: Mining Difficulty Rises 0.12% to 52.39 Trillion
Bitcoin miners saw a slight increase in mining difficulty on August 9, 2023, at block height 802,368, as the difficulty rose 0.12% from 52.32 trillion to 52.39 trillion. Over the last 2,016 blocks, miners recorded an average hashrate of…
Report: Cryptopunks and Blue Chips Power Top NFT Traders to Over $300 Million in Profits
The top 15 traders in the Ethereum non-fungible token (NFT) market have amassed up to $101.6 million in profits, as revealed in Coingecko’s latest NFT report. These traders lucratively capitalized on early investments in esteemed…
Paypal’s New Stablecoin Sparks Confusion: Wave of Counterfeit Tokens Flood Decentralized Exchanges
Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official…
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment…
Bitcoin’s Historic Surge: Record 682,281 Transactions in a Day Mark 2023 as Year of Increased…
In a year marked by historic milestones, the Bitcoin network has recorded its most active period ever, processing the highest number of confirmed transactions per day. The network reached an all-time high on May 1, 2023, with 682,281…
Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether
A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual…
Certik Uncovers Security Vulnerability in Worldcoin’s Verification Process
On May 29, 2023, Certik, a blockchain and smart contract auditing firm, reported a critical security vulnerability within Worldcoin’s verification process. This flaw could have allowed attackers to bypass strict identification…
Crypto Assets Held in Self-Custody Wallets Have ‘a Non-Zero Chance’ of Getting Stolen — Fairside…
According to Brandon Brown, the co-founder and CEO of Fairside Network, self-custody crypto wallets generally lack inbuilt insurance coverage to protect against theft or loss. Brown attributes this to the challenges encountered when…
Litecoin Completes Third Block Reward Halving, Cutting Rewards to 6.25 LTC; Miners Face Revenue Loss…
The Litecoin (LTC) network has officially experienced its third block reward halving at block height 2,520,000, with LTC rewards diminishing from 12.5 LTC to 6.25 LTC. Thus far, the halving has not propelled LTC prices upwards as market…
Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty…
According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average…
