Ethereum Upgrade(The Merge)- Five Top Myths
Dispel the mist around The Merge(Ethereum upgrade), the most major update in Ethereum’s history. Here are five myths that stand out from the others. Unintentionally, stories have spread across the community as a result of the enthusiasm around Ethereum’s (ETH) forthcoming upgrade, The Merge, which entails the combination of two blockchains — Mainnet Ethereum and […]
Bitcoin Mining Revenue Grows by 68.6%
Since July 2022, the Bitcoin Mining Revenue has improved across a wide range of indicators, including the monetary earnings of miners, the difficulty of the network, and the hash rate. In 2022, the Bitcoin mining sector experienced severe financial strain since its profits, when converted to U.S. dollars, were negatively damaged by a protracted bear […]
Tornado Cash DAO shuts down after treasury funds vote
Following U.S. sanctions, all platforms—Github, Circle, dYdX, Alchemy, and Infura—took action against Tornado Cash or anyone associated with the mixer. The Office of Foreign Asset Control of the United States Treasury Department recently levied penalties, and many social media users claimed the community was debating how to contest them. This led to the shutdown of […]
ED freezes additional crypto funds over money laundering claims
The Indian Directorate of Enforcement (ED) said that these funds were nothing but illegal gains from predatory lending practices. In order to force Vauld’s Indian branch to account for the illegal gains it sent out of the country, the Indian Directorate of Enforcement (ED) froze $46.4 million in its accounts. The financial accounts of Bengaluru-based […]
Revenue from bitcoin mining increases by 68.6%
Bitcoin mining revenue increased by over 69 percent in a single month, from $13.928 million on July 13 to $23.488 million on August 12. In 2022, the Bitcoin (BTC) mining sector experienced severe financial strain since its profits, when converted to U.S. dollars, were negatively damaged by a protracted bear market. The year’s lowest mining […]