Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market conditions. Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market...Continue Reading

New generation Bitcoin mining machines would remain profitable even if the BTC price crashes by another 50%. Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline. 75% drop in Bitcoin mining profitability The profitability of many Application Specific Integrated Circuit (ASIC) machines has dropped into...Continue Reading

Analytics platform Nansen showed that one of the funds that capitalized on the UST depeg has started to transfer large amounts of USDD. While the market has not yet fully recovered from the onslaught caused by the TerraUSD (UST) depeg, another stablecoin project shows signs of distress, causing fears and speculation within the community.  Stablecoin...Continue Reading

From dollar-cost averaging to managing your risk tolerance, community members share their advice on what to do during a bear market. Crypto newcomers are troubled about deciding their next move as the market becomes unpredictable. Because of this, crypto community members handed out their advice to those trying to navigate through the cold crypto winter. ...Continue Reading

Litecoin’s MWEB upgrade that makes transactions confidential comes at a time when the majority of the crypto exchanges are implementing strict KYC and AML guidelines. Crypto exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade. Binance warned that any transaction sent through the MWEB function would be...Continue Reading

The crypto sell-off is in full swing and Wall Street has not even opened yet. Bitcoin (BTC) faced continued selling pressure before the June 13 Wall Street open as Ether (ETH) revisited multi-year lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles for $24,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD eclipsing its ten-month...Continue Reading

Nexo platform could rescue Celsius’ customers after “what appears to be the insolvency of the Celsius Network.” There’s a glimmer of hope for the bear market’s most recent victim. Following reports that Celsius is insolvent, Nexo is offering a buy-out. A Nexo representative told Cointelegraph that Nexo is trying to do the “right thing” as...Continue Reading

Complimenting the new hash rate ATH of 231.428 ExaHash per second, Bitcoin’s network difficulty stands at a strong position of 30.283 trillion. Bitcoin (BTC) hash rate, a network security measure based on computing power for mining, achieved a new all-time high (ATH) of 231.428 ExaHash per second (EH/s) amid an ongoing bear market that witnesses...Continue Reading

Bitcoin sheds 12% in 24 hours as a fresh altcoin meltdown combines with macro pressures to offer nothing but misery for hodlers. Bitcoin (BTC) begins a new week with a totally different feel to last as BTC/USD seals its lowest weekly close since December 2020. A night of losses into June 13 means that the...Continue Reading

Though a majority are down on their NFT purchases, there are signs which point to a healthy and robust market in the long term. With the surging popularity of non-fungible tokens (NFTs) many have taken to “flipping” these assets as a trading strategy. Around 64% of people in a recent survey said their top reason...Continue Reading