In A Nutshell Riot Platforms, a leading Bitcoin mining company, witnessed a significant 50% increase in its hash rate during June, reaching a peak of 22 exahashes per second (EH/s). This boost in performance not only helped the firm to mine 255 Bitcoins in the month but also solidified its position as the second-largest miner…
In A Nutshell The Basel Committee on Banking Supervision has finalized the guidelines for banks’ crypto asset exposure, a significant move that marks the culmination of a process initiated in 2019. This regulatory framework, part of the Basel III reforms, aims to bolster the resilience of banks within the European Union by improving regulation, supervision,…
In A Nutshell XRP, the cryptocurrency native to the Ripple network, currently faces significant struggles with its price amidst legal challenges and bearish market sentiment. However, technical indicators and analysts suggest a potential breakout could be on the horizon. As of the latest data, XRP trades at $0.4802, showing a minor increase in both price…
In A Nutshell This week’s edition of the Nifty Newsletter highlights significant movements in the NFT (non-fungible token) market, including a notable 44% decline in sales. Amidst this market fluctuation, social media influencer Logan Paul has initiated a defamation lawsuit against YouTuber Stephen Findeisen, known as Coffeezilla, over allegations made against Paul’s NFT project, CryptoZoo….
In A Nutshell The cryptocurrency community is currently watching Litecoin (LTC) closely as significant sell orders threaten to push its price below the $70 mark. Recent data suggests a potential oversupply on the market with 928,200 LTC, valued at approximately $70 million, prepared for sale once the price hits $74.65. Alongside, various indicators such as…
In A Nutshell Cardano (ADA) has experienced a notable 6% increase over the past week, igniting speculations and optimism among investors regarding its potential to reach the $0.80 mark. This surge comes amidst a generally bullish sentiment in the cryptocurrency market, despite some indicators suggesting caution. A detailed analysis of ADA’s on-chain metrics, market indicators,…
In A Nutshell A significant security breach has rocked the Holograph protocol, leading to the unauthorized creation and sale of $14 million worth of Holograph (HLG) tokens. This incident was orchestrated by a disgruntled former contractor who exploited their retained administrative access. The fallout saw HLG’s market value plummet nearly 80% in a matter of…
In A Nutshell Marathon Digital Holdings, recognized as the globe’s preeminent Bitcoin mining entity, has maintained its Bitcoin holdings throughout June without initiating any sales, even amidst a market downturn. With a possession of 18,536 Bitcoins valued at approximately $1.1 billion, the company demonstrates a strategic approach toward enhancing its Bitcoin reserves through market acquisitions,…
In A Nutshell The Bittensor network experienced a significant security breach leading to an $8 million theft, resulting in the network’s temporary shutdown. This incident underscores the ongoing challenges within the crypto industry, particularly the rising issue of private key leaks surpassing smart contract vulnerabilities as a primary threat vector. Security Breach Temporarily Halts Bittensor…
In A Nutshell Bitcoin’s journey toward recovery met resistance as the cryptocurrency’s rally temporarily paused at the $63,000 mark. This development occurs amidst a broader digital asset market rebound, indicating a mixed landscape for investors and market watchers. Additionally, significant moves by corporations and investment strategies are shaping the crypto ecosystem, reinforcing the asset class’s…