A shortfall in tech firms' quarterly earnings has seen the finger pointed at crypto – a reflection of how intertwined crypto and tech have become.
A number of US politicians are considering whether a stance on digital assets could win votes, as the crypto lobby’s footprint grows in Washington.
Hackers have grossed over $3 billion across 125 hacks so far, and is on track to beat last year’s figure of $3.2 billion.
The new system will use 99.95 percent less energy, according to the Ethereum Foundation.
Crypto exchange giant, Binance, was fined by the Dutch central bank for offering services without being registered in the country.
Ruja Ignatova was behind one of the most notorious scams in the frequently treacherous world of crypto currencies.
Crypto prices have cratered for multiple reasons, from interest rate hikes to growing inflation, and market contagion from last month’s collapse of the UST stablecoin.
As crypto markets tank and payrolls are slashed, observers believe it might push the industry to prioritise real-world applications over speculative transactions.
The last time bitcoin was at this level was November 2020, when it was on its way up to its all-time high of nearly $69,000.
The sell off was a result of Celsius' suspension of withdrawals and Friday's high US inflation data driving expectations of sharper interest rate rises from the Federal Reserve, said Singapore based fund manager.
Many cryptocurrency exchanges such as gate.io, Bitfinex, FTX, Huobi, and Bitrue will support the new blockchain, says the creator of the network.
Stablecoins promise a safe haven from the wild price swings of cryptocurrencies. But the collapse of stablecoin TerraUSD has called that idea into question.
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