Crypto

Despite record sales, Black Friday underscores Americans’ reliance on debt and credit

Quick Take According to CNBC analyst Carl Quintanilla, a staggering $9.8 billion was spent on Black Friday, reflecting a 7.5% increment from the previous year, suggesting robust consumer behavior. However, a source of concern lies in a parallel trend: many of these purchases appear to be financed through personal debt. Experian reports that the average […]
The post Despite record sales, Black Friday underscores Americans’ reliance on debt and credit appeared first on CryptoSlate.
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Cryptocurrency
27 Nov 2023

Bitcoin miners see 19-month high in revenue as halving nears

Monitoring miner revenue is essential for understanding the health and sustainability of the Bitcoin network. Miner revenue, a combination of block rewards and transaction fees, provides a window into the economic viability of Bitcoin mining. In the context of the upcoming halving, which will slash block rewards by half, the analysis of miner revenue becomes […]
The post Bitcoin miners see 19-month high in revenue as halving nears appeared first on CryptoSlate.
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Cryptocurrency
27 Nov 2023

Justin Sun defends Tron following allegations of facilitating terror financing

Justin Sun, founder of the Tron (TRX) blockchain, has defended the network in a Nov. 27 X (formerly Twitter) post following a Reuters report that it is increasingly being used to finance terrorist activities and organizations. Sun stressed that Tron’s decentralized structure, similar to Bitcoin (BTC) and Ethereum (ETH), forms the core of its philosophy. […]
The post Justin Sun defends Tron following allegations of facilitating terror financing appeared first on CryptoSlate.
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Cryptocurrency
27 Nov 2023

BlockFi secures key $21M agreement with Vrai Nom amid turbulent bankruptcy

BlockFi has reached an agreement in principle with Vrai Nom Investment in its complex bankruptcy proceedings, potentially marking a pivotal moment in the crypto lending firm’s efforts to navigate its financial challenges. BlockFi has been granted an adjournment on related hearings until Dec. 19. As BlockFi emerges from the shadows of its November 2022 bankruptcy […]
The post BlockFi secures key $21M agreement with Vrai Nom amid turbulent bankruptcy appeared first on CryptoSlate.
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Cryptocurrency
27 Nov 2023