The cryptocurrency market has been under a persistent bear market that has lasted since the beginning of the year. Despite the losses suffered by crypto investors, pension funds in the United States have remained bullish about the cryptocurrency sector, per a Wall Street Journal report. US pensio...
Monero has released a protocol update that went live on August 13. The protocol update will improve the privacy and security features of the Monero network. The upgrade was implemented on block 2,688,888 following a collective effort of 70 developers around four months since the hard fork was announ...
The Acala network was hacked on August 14 after a hacker exploited a bug on the iBTC/aUSD liquidity pool. The hacker managed to mint aUSD out of thin air, triggering a depeg for the stablecoin. Following these events, the Acala network has announced it will be freezing the hacker's wallet, creating...
MicroStrategy is among the largest Bitcoin holders. The software analytics provider has been accumulating more BTC despite the bear market. The unrealized loss from MicroStrategy’s Bitcoin holdings currently stands at $1.3 billion. MicroStrategy stock falls 10% Brent Thill has now downgraded...
Ark Investment Management, the third-largest shareholder of Coinbase, has been selling COIN stocks. The sale comes amid regulators' probe into the exchange because of allegations of insider trading. Cathie Wood sells Coinbase stocks Ark Investment Management held almost 9 million in COIN stock...
CoinFLEX is among the cryptocurrency companies affected by the ongoing price dip. While the company is showing some signs of recovery after announcing users could withdraw some of their crypto assets, much still needs to be done before the company restores its full operations. Roger Ver’s debt...
A report has said that Solana is more decentralized than most people think The report argued that the Solana validator count and Nakamoto coefficient proved the network's decentralization Solana has been criticized by the crypto community for being centralized Unstoppable Finance, a decentr...
A report published by Ark Invest has provided a new outlook on the sustainability of Bitcoin mining operations by tapping onsite natural gas emissions. The report said that some of the utilities of Bitcoin mining revolve around energy and sustainability. Ark Invest pleads a case for Bitcoin minin...
Switzerland's traditional financial institutions are now moving towards cryptocurrency technology. The Swiss Post Office is planning to launch a cryptocurrency trading service via its banking division, PostFinance. The launch of this service will fulfill the demand for people in the country for cryp...
Ethereum is planning a switch to a proof-of-stake network later this year. The Merge, which would switch Ethereum into a PoS network, was slated to happen in August, but this is no longer the case following the delay of the difficulty bomb. This delay has triggered criticism from some members of the...
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