Bitcoin Miners Sold All Their May Harvest – Data Shows
For Bitcoin miners, production costs have now overtaken profits, making it difficult for them to continue their business model. Bitcoin (BTC) mining profitability has suffered from the crypto market crash that caused miners to liquidate their BTC holdings. In the first week of June, the cryptocurrency market entered a sell-off period, with the majority of […]
Tether to introduce GBPT stablecoin backed by British pound sterling
Tether introduces GBPT stablecoin backed by British pounds. It supports Ethereum blockchain and would be accepted as a form of payment. With the addition of a new cryptocurrency tied to the British pound sterling, leading stablecoin provider Tether is expanding its stablecoin offering (GBP). The new GBP-pegged stablecoin, GBPT, will go live in early July […]
Solana Whale Transfers $25 Million Of USDC Debt From Solend To Mango Markets
As a result of the change, the Solend platform will utilize less USDC and users will be able to withdraw their funds once again. The Solana (SOL) whale, which was threatened by a recent Solend governance decision, has contacted the lending protocol and transferred $25 million in USD Coin (USDC) debt to Mango Markets. Solend […]
SEC’s commissioner, Hester Peirce opposes crypto bailouts, SBF to assist crypto firms
SEC’s commissioner opposed crypto bailouts, especially for those who failed to manage risk. SBF offers assistance to suffering crypto firms. Hester Peirce, a commissioner for the Securities and Exchange Commission (SEC), has spoken out against bailing out cryptocurrency companies, contending it’s actually preferable to “let these things play out” in order to develop a more […]
Crypto Influencers Allegedly Use Conspiracies To Con QAnon Followers
Two influencers are believed to have profited from pump-and-dump schemes by combining conspiracy theories, hatred of existing institutions, and a belief in cryptocurrency. Two QAnon-affiliated conspiracy theorist influencers allegedly caused millions of dollars in losses to their followers by executing a cryptocurrency pump-and-dump scheme. To generate hype and enhance the price of the portfolio, the […]