According to Ki Young Ju, the CEO of CryptoQuant, the data suggests that the cost of mining Bitcoin using Antminer S19 XP after the halving event will increase from approximately $40,000 to around $80,000. The cost of mining Bitcoin with S19 XP machines, widely used by miners in the US, is projected to rise from … Read more
On the 9th of April, there was a proposal in Solana that gained an impressive approval of 98% from validators. The objective was to decrease the delay in reaching consensus on votes and possibly enhance the speed at which blockchain transactions are processed. The proposal puts forth a new system called “Prompt Validation Rewards,” designed … Read more
Avi Eisenberg, also known as Avraham Eisenberg, is under investigation for a suspected $110 million fraud scheme on the Solana decentralized exchange, Mango Markets. This deceitful act has been compared to a fake diamond ring scam by the authorities, according to a report published by Inner City Press on April 9th. Judge: Alright, let’s begin … Read more
On Mondaysession, there was a substantial reversal for Bitcoin ETFs, moving from attracting over $223 million in investments to experiencing a large withdrawal instead. According to SoSo Value’s report, last week’s Bitcoin ETF outflows represented the biggest drain in over two weeks. The preceding week experienced daily inflows worth almost $570 million, causing Bitcoin’s price … Read more
In the upcoming South Korean legislative elections, the cryptocurrency community, numbering around 6 million people, is anticipated to significantly influence the outcome. Both major political parties are now vying for support by promoting crypto-friendly policies. The Democratic Party promises no fiscal authority over spot ETFs on Bitcoin and altcoins, while the People’s Power pledges will … Read more