The hash rate supporting the bitcoin network has decreased by 50%, reflecting the largest drop in the network’s history.
The post Bitcoin’s hash rate has fallen 50% from its peak in May appeared first on The Block.
Quick Take
- We are witnessing an increasing usage of oracles in decentralized spot exchanges and perpetual derivatives exchanges
- Funding rates on perpetual futures exchanges require input from oracles to make the contract price close to the spot price
- The update frequency of existing price oracles is not sufficient for operating a decentralized spot exchange that continually tracks external prices
In a new interview with CNBC the so-called “bitcoin-friendly” senator said she holds about five bitcoin today.
The post Senator Cynthia Lummis touts bitcoin as a retirement strategy appeared first on The Block.
Coinbase has announced a new product offering that could set it apart from its fintech rivals in a world of low interest rates. The publicly traded cryptocurrency exchange unveiled Tuesday a new savings account-like product that allows users to earn 4% annual percentage yield (APY) by lending out USDC. “Coinbase’s high-yield alternative to traditional savings […]
The post Coinbase rolls out high-yield USDC product, taking aim at fintech offerings appeared first on The Block.
Mark Hopkins, or “Doctor Bitcoin,” has pleaded guilty to operating an unlicensed crypto-based money transmitter business.
The post ‘Doctor Bitcoin’ pleads guilty to operating illegal money transmission business appeared first on The Block.
Quick Take
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Choice by Kingdom Trust is packaging up bitcoin investments in retirement accounts, allowing customers to delay tax payments linked with crypto trades.
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The company recently crossed $2 billion in assets under management, but crypto heavyweights like Coinbase are now expanding into the market.
Anthony Scaramucci talks crypto game plans with host Frank Chaparro in the latest episode of The Scoop.
The post Inside Anthony Scaramucci’s bitcoin and ether ETF game plan appeared first on The Block.
Gurbir Grewal, New Jersey’s attorney general, is taking the reins as the Securities and Exchange Commission’s director of enforcement.
The post New Jersey AG Gurbir Grewal to join SEC as head of enforcement appeared first on The Block.
Representative Bill Foster repeated calls for third-party mediation in crypto to avoid the current “chaotic criminal ransomware environment.”
The post Ransomware is a threat to Bitcoin’s legal status, says Congressman Foster appeared first on The Block.
Binance-owned crypto market data aggregator CoinMarketCap has launched a new token swap feature on its website.
The post CoinMarketCap launches token swap feature that uses Uniswap appeared first on The Block.
