Hut 8 Mining Corporation has effectively reduced operational expenses by thirty percent at its Salt Creek mining site in Texas. This cost-cutting measure is aimed at boosting profits. The disclosure was made as the cryptocurrency industry prepares for the upcoming Bitcoin halving event, which has historically influenced mining profitability. The company managed to reduce costs … Read more
Two prominent figures at OKX, including Tim Byun, who managed global government relations, and Wei Lan, head of product, unexpectedly departed from the second-largest cryptocurrency exchange globally, according to reliable sources. For a period of two years between 2018 and 2020, Byun held the position of CEO at Okcoin’s American branch. Later, she moved on … Read more
Coinbase Wallet, which is a personal digital wallet where you have complete control over your cryptocurrencies, has recently added compatibility with the Solana decentralized exchange (DEX). This update enables users to trade more than 50,000 unique Solana tokens, enhancing convenience and market depth for those involved in the Solana community. You can now trade over … Read more
After the latest Bitcoin halving, there’s been increased interest among traders to examine Bitcoin’s ability to withstand potential prolonged market declines. The concept of “hodling” or holding onto Bitcoin for an extended period is gaining traction in discussions. According to Santiment, an analysis tool for markets, there’s been a noteworthy shift among investors towards safer … Read more
Drift, the decentralized exchange powered by Solana, announced intentions to introduce its governance token in conjunction with an airdrop distributing 100 million tokens. The Drift Foundation’s governance token enables users to cast votes on proposed protocol changes and decisions, which are initiated by community members. In a recent update on April 16, it was announced … Read more