The BNB Beacon Chain, part of the Binance blockchain ecosystem, is set to experience a planned hard fork upgrade on July 19th at 6:00 UTC. This upgrade, known as “ZhangHeng” after a renowned Chinese scientist, will take place at block height 328,088,888, as stated in the official announcement on July 12th. A hard fork refers
Cardano (ADA) has experienced a significant surge in price over the past 24 hours as traders analyze the implications of Ripple’s recent legal victory on the broader cryptocurrency market. On July 14, ADA price rose by 6% to reach $0.379, its highest level in over a month. However, some of these gains were later reduced
Bitcoin’s energy efficiency has long been a concern as mining activities consume significant amounts of electricity. However, a recent report by Coinmetrics reveals that the energy efficiency of Bitcoin has improved significantly over the past five years. The report also highlights that three mining rig models dominate the Bitcoin network’s computing power, reinforcing the need
Ark Invest Management recently sold 135,152 shares of Coinbase, amounting to $12 million, according to data from Cathiesark. This move comes as Coinbase continues its mostly positive price performance, reaching a one-year high of $90 on July 11. Notably, Coinbase stock has outperformed Bitcoin’s price in the last 30 days, with a growth rate of
Cardano’s native token ADA experienced a significant setback in June when the United States Securities and Exchange Commission (SEC) categorized it as a security in its legal actions against Binance and Coinbase. This classification resulted in a 42.5% drop in ADA’s price, plunging it to a two-year low of $0.21 within a few days. Furthermore,
Renowned author Robert Kiyosaki, famous for his personal finance book “Rich Dad Poor Dad,” has expressed pessimism about the future of the US dollar following reports that BRICS nations are planning to introduce a gold-backed currency. According to Russia Today (RT), the official announcement of this agreement is expected to take place in August during
New data from on-chain analytics firm Glassnode reveals that the amount of Bitcoin (BTC) held on exchanges has dropped significantly, reaching levels not seen since the 2017 all-time high. Currently, less than 12% of the total BTC supply resides in exchange wallets. This decrease in exchange balances follows a period of increased activity during the
According to onchain data, the U.S. Department of Justice (DOJ) has moved 9,825 Bitcoin (BTC) – equivalent to $302 million – to new addresses. This Bitcoin was seized in connection to the shutdown of the darknet marketplace, Silk Road. The OKLink dashboard reveals that the BTC was sent in two transactions, with one still pending
South Korean companies that hold or issue cryptocurrencies will need to provide comprehensive information about their transactions to the financial regulator starting from January 2024. The Financial Services Commission (FSC) of South Korea announced this requirement on Tuesday, stating that domestic firms involved in crypto activities must ensure complete disclosure under the new accounting rules.
The price of Bitcoin has been trading within a narrow range of $29,900 to $31,160 for the past 18 days, leaving investors perplexed and searching for explanations. Despite a significant rally in mid-June that pushed Bitcoin to its highest price in over a year, the cryptocurrency has struggled to maintain prices above $31,000. This, coupled