Bitcoin Mining Costs Surge 168% Amid Capacity Growth
The rise is due to higher costs and the April 2024 Bitcoin halving, which increased Bitcoin mining difficulty and reduced rewards. BitFuFu, a cloud mining company associated with Bitmain, has released an unreviewed financial and operational report detailing its results for the second quarter of 2024, which ended on June 30. The findings indicate that […]
Voxies (VOXEL) Soars 75% on Binance Futures Listing
The new futures contracts, offering up to 50x leverage, drove Voxies’ price up by 75% to $0.2446. Binance, one of the most prominent cryptocurrency exchanges in the world, made big news today about Voxies (VOXEL), the native utility token of Voxie Tactics. The cryptocurrency exchange has now made futures trading for the coin available, according […]
Hong Kong Issues AI Guidelines for Consumer Protection
Hong Kong Monetary Authority (HKMA) introduced additional principles to address the growing adoption of GenAI. The Hong Kong Monetary Authority (HKMA) has established a set of guiding guidelines for the use of generative artificial intelligence in consumer-facing apps in order to protect end-users. The Hong Kong Monetary Authority (HKMA), which is Hong Kong’s central banking […]
Tether Mints $1B USDT on Tron Network
The new tokens were transferred to Tether’s Treasury wallet, likely for future issuance. The stablecoin issuer Tether has produced another one billion USDT tokens on the Tron network. This brings the total amount of USDT tokens minted over the past year to $33 billion. On August 20, blockchain data revealed that Tether had issued one […]
$24M CryptoPunk NFT Sold Quietly as Market Fades
Investor Deepak Thapliyal bought CryptoPunk #5822, a unique alien punk, for 8,000 Ether ($23.7 million) in 2022, setting the highest bid for a CryptoPunk NFT. As the interest in digital collectibles began to decline, the most costly item from the CryptoPunks non-fungible token (NFT) collection was sold for a sum that was not disclosed. NFT […]