Many Bitcoin users consider whether it is better to mine or buy Bitcoin directly. However, the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack of technical expertise often deter people from mining. While mining can provide full autonomy over operations and diversification of crypto investments via physical hardware, it is a
The launch of a new meme coin called Apple Coin ($APPLE) across decentralized exchanges saw an explosive start on Friday, rallying as much as 50,000%. The coin opened for trade around $0.0003 and rallied as high as $0.15, giving it a market cap of $1.5 million at the time. However, the coin has already fallen
The cryptocurrency ATOM, which powers the Cosmos network of independent and parallel blockchains, is rallying on Friday in tandem with a broader lift in crypto market sentiment. The value of ATOM/USD is nearing weekly highs and a retest of the $9.0 per token level, gaining close to 3.0% on the session. This is due to
A recent Twitter conversation between billionaire entrepreneur Mark Cuban and former SEC official John Reed Stark has gained attention for its positive, civil discourse on the complexities of securities law in the cryptocurrency industry. The two engaged in a spirited debate, respectfully presenting their viewpoints in view of the public. The Debate The debate centered
The Texas State Securities Board has filed an emergency cease and desist order against Abra, a cryptocurrency lending firm, on June 15. Based on its investigations, the regulator found Abra and related parties committed fraud and made misleading statements. Abra had suggested it was a “crypto bank”, but it does not have a Texas bank
According to a recent report by blockchain analytics firm Nansen, smaller crypto exchanges have gained momentum in the wake of the collapse of the more dominant FTX exchange. The report found that the landscape for centralized exchanges (CEXs) has changed following the FTX collapse, with most exchanges experiencing a decrease in trading volumes as traders
Curve DAO’s governance token CRV dropped 12% on June 15 after reports surfaced of its founder, Michael Egorov, taking risky loans on Aave. According to LookOnChain, Egorov deposited 431 million CRV, worth around $246 million, across multiple decentralized lending protocols and borrowed $101.5 million of stablecoins on multiple platforms. The deposits by Egorov account for
XRP, the cryptocurrency that powers the decentralized payments-focused XRP Ledger blockchain protocol, has recovered nearly 4% from earlier session lows. Despite being down a little over 1% on the day, XRP has climbed back above $0.47 from earlier lows in the mid-$0.45s. Broader crypto markets have been rallying, led by Bitcoin, in the last few
The US Federal Reserve’s latest monetary policy announcement has spooked investors, causing a sell-off in the cryptocurrency market. The Fed paused interest rate hikes, but its hawkish outlook on interest rates has left investors worried. Hawkish Guidance on Interest Rate Outlook Affects Crypto Market The US Federal Reserve’s hawkish outlook on interest rates has caused
Despite the consistent downturn of the Arbitrum governance token ARB since its airdrop in March, its ecosystem shows healthy growth. A recent report by Nansen reveals that the activity on Arbitrum improved after the airdrop, stabilizing at a higher level than before. The daily active users, gas fees, and transaction count have maintained higher levels