The Unlikely Partnership In an unprecedented move, Riot Platforms, a crypto mining company, was paid a staggering $31.7 million by ERCOT, the Texas energy grid operator. This payment was made in the form of energy credits to incentivize the company to reduce its energy consumption during August. The deal came as Texas grappled with one […]

The Buzz and the Bust Changpeng Zhao, commonly known as CZ, the CEO of Binance, recently took to social media to debunk rumors that TV personality Jim Cramer had endorsed Binance. The rumors began circulating on September 5, 2023, when several Twitter users claimed that Cramer was bullish on Binance and was “loading up” on

The Unfortunate Stall On September 5, 2023, Coinbase’s Layer-2 network, Base, experienced its first significant outage since its launch in mid-July. At 21:36 UTC, the network status tracker reported a ‘Base chain stall,’ indicating issues with the production of blocks. Users faced difficulties in submitting transactions. The team identified the problem around 20 minutes later

A New Era for Payment Settlements Visa, the global payments processing giant, has taken a significant step in the world of digital currency by expanding its stablecoin settlement capabilities to the Solana blockchain. The company has successfully conducted real-world pilot tests, facilitating the seamless transfer of millions of USDC stablecoins across the Solana and Ethereum

The Current State of Bitcoin and Altcoins Bitcoin, the pioneer of cryptocurrencies, has been experiencing a stagnant price performance, currently hovering below the $26,000 mark. This comes precisely a week after the cryptocurrency saw a significant price surge, going from $26,000 to over $28,000. However, the excitement was short-lived, mainly due to the SEC’s decision

A New Dawn for Bitcoin Investments Bitcoin, the leading cryptocurrency, has shown remarkable resilience amidst a stagnant market, according to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report. Authored by James Butterfill, the Head of Research at CoinShares, the report indicates a potential shift in negative market sentiment. Despite the overall market’s

The Heist of the Month In August 2021, the cryptocurrency world was shaken by a series of thefts that resulted in a loss of over $45 million. The most significant of these was the PEPE exploit, accounting for $13.2 million in stolen assets. According to CertiK, a blockchain security firm, the crypto industry saw a

The Numbers Speak: A Decline in On-Chain and Exchange Volumes August was a month of subdued activity for the cryptocurrency market, particularly for Bitcoin and Ethereum. According to research from The Block, the total adjusted on-chain volume for these leading crypto assets decreased by 6.3% to $176 billion. Bitcoin volumes fell by 6.7%, and Ethereum

The Calm Before the Storm Ripple (XRP), a prominent cryptocurrency, is currently facing a bearish trajectory, with its price slipping below critical support zones. The decline has been notably marked by the cryptocurrency falling beneath the 200-day moving average, a key indicator in technical analysis. This downward movement has disrupted what was previously a bullish