Cryptocurrency

Bitcoin Difficulty Hits Record 64.68 Trillion Amid 5 Straight Increases Since September

On Sunday, November 12, 2023, Bitcoin’s difficulty metric climbed 3.55%, reaching a new peak of 64.68 trillion at block height 816,480. This adjustment marks the fifth consecutive rise in the network’s difficulty since September 19. Bitcoin Difficulty Rises 3.55% Higher The quest to discover a bitcoin (BTC) block reward has reached unprecedented difficulty following the […]
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Cryptocurrency
12 Nov 2023

Former FTX general counsel to launch new crypto exchange

Former FTX general counsel Can Sun, who played a pivotal role as a key witness in the trial against Sam Bankman-Fried (SBF), is joining forces with other ex-FTX executives to establish a new cryptocurrency exchange, the Wall Street Journal reported. The Dubai-based start-up, known as Trek Labs, recently obtained a license from the Emirate’s crypto […]
The post Former FTX general counsel to launch new crypto exchange appeared first on CryptoSlate.
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Cryptocurrency
12 Nov 2023

Why Bitcoin holds the upper hand against CBDCs

When FTX crashed in November 2022, it triggered a multi-billion dollar exodus spree, bringing Bitcoin down 22% in a single day. By the end of the month, the European Central Bank (ECB) fired an unusual shot across the crypto bow. As Bitcoin’s price stabilized, the central bank suggested this is Bitcoin’s “last gasp before the […]
The post Why Bitcoin holds the upper hand against CBDCs appeared first on CryptoSlate.
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Cryptocurrency
12 Nov 2023

Bitcoin: ‘Stink Ball’ or ‘Exponential Gold’? Munger and Fidelity Director at Odds on BTC — Week in Review

Berkshire Hathaway billionaire Charlie Munger may think Bitcoin is a “stink ball,” but director of global macro at financial giant Fidelity, Jurrien Timmer, says the asset is “exponential gold.” Find out why, just below, in the latest Bitcoin.com News Week in Review. Berkshire Vice Chair Charlie Munger Compares Bitcoin to a ‘Stink Ball’ Among Traditional […]
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Cryptocurrency
12 Nov 2023

Near Foundation and Polygon Labs Partner to Build Zero-Knowledge ‘Prover’ for WASM Chains

Near Foundation and Polygon Labs recently announced that they would build “a zero-knowledge (ZK) prover for WASM blockchains.” For WASM chains using the zkWASM prover, settling transactions will be more efficient and cost-effective with maximum security guarantees. Transaction Settling More Efficient and Cost-Effective Near Foundation, the organization supporting the development of the NEAR ecosystem, has […]
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Cryptocurrency
12 Nov 2023

Bitstream White Paper Proposes Bitcoin Payments to Disrupt File Storage Economy

Robin Linus, the creator behind BitVM — a computing construct atop the Bitcoin blockchain — released a new white paper on November 11, 2023, entitled “Bitstream.” The document explores a system aimed at reforming the economic structure of file storage, suggesting a usage-based model that rewards server contributions with bitcoin payments. Bitstream Revealed: A White […]
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Cryptocurrency
12 Nov 2023

Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement

Ripple CEO Brad Garlinghouse said the U.S. SEC’s actions toward the crypto industry have failed in protecting investors and needs to reassess its regulatory strategy. Speaking to CNBC’s Dan Murphy at the Ripple Swell conference in Dubai, Garlinghouse expressed concern about the SEC’s focus and questioned: “Who are they protecting in this journey?” The CEO […]
The post Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement appeared first on CryptoSlate.
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Cryptocurrency
12 Nov 2023

FTX lawsuit alleges Bybit used “VIP” privileges to withdraw $953M before collapse

FTX and Alameda bankruptcy advisers made allegations of fraud against crypto exchange Bybit, its two corporate affiliates, and four senior executives, in a lawsuit filed on Nov. 10. The lawsuit alleged that the defendants used a “fraudulent scheme” to withdraw cash and assets from the FTX platform, right before it collapsed. FTX is looking to […]
The post FTX lawsuit alleges Bybit used “VIP” privileges to withdraw $953M before collapse appeared first on CryptoSlate.
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Cryptocurrency
11 Nov 2023

Solana surges 18% to hit new yearly high above $63

Solana (SOL) surged another 18% to hit a new yearly all-time high of $63.98 on Nov. 11 to cap off an impressive 40% rally this week. The token has since retraced some of the gains and is trading at $59.34 as of press time, according to CryptoSlate data. The past seven days mark the best […]
The post Solana surges 18% to hit new yearly high above $63 appeared first on CryptoSlate.
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Cryptocurrency
11 Nov 2023

From the Ground Up: Developer Empowerment for a Sustainable Future

The following is a guest post from Sunny Lu, the CEO of Vechain. Web3 builders are the beating heart of the blockchain industry. Without them, this technology wouldn’t be the disruptive technical engine that it is in 2023. However, while there are more monthly active developers today than there were before 2021, we saw a […]
The post From the Ground Up: Developer Empowerment for a Sustainable Future appeared first on CryptoSlate.
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Cryptocurrency
11 Nov 2023