Bitcoin Hashrate Drops, Ending 18-Month Growth Streak

Bitcoin Hashrate Drops, Ending 18-Month Growth Streak

In A Nutshell The Bitcoin network has recently experienced a significant shift, breaking away from an 18-month hashrate uptrend. This development raises concerns over potential Bitcoin miner capitulation, as the true hashrate dropped to around 600 exahashes per second (EH/s). Despite these concerns, the decrease in mining activity does not directly correlate with Bitcoin’s recent…

Trezor Launches Expert Service & Safe 5 Wallet

Trezor Launches Expert Service & Safe 5 Wallet

In A Nutshell Trezor, a major player in the cryptocurrency hardware wallet industry, has announced the launch of a new service aimed at making self-custody more accessible. Dubbed Trezor Expert, this personalized onboarding service is designed to ease users into the world of self-custodial wallets by providing one-on-one guidance. Alongside this service, Trezor has also…

Geneva’s New Lightningbox to Boost Web3 Innovation

Geneva’s New Lightningbox to Boost Web3 Innovation

In A Nutshell Storm Partners, a Swiss blockchain solutions provider, has taken a significant step towards advancing Web3 innovation by launching an innovation sandbox named “Lightningbox” in Geneva. This initiative seeks to encourage mass blockchain adoption and foster a culture of innovation among industry leaders by providing institutional-grade Web3 tools for startups and builders. With…

Lil Pump’s Solana Tattoo Sparks Crypto Debate

Lil Pump’s Solana Tattoo Sparks Crypto Debate

In A Nutshell American rapper Gazzy Garcia, known professionally as Lil Pump, has sparked considerable discussion within both his fan base and the crypto community after sharing an Instagram post that showcases a new tattoo of the blockchain platform Solana on his forehead. This revelation comes immediately after the rapper announced he had sold all…

Altcoins Eye Rebound: Opportunity Amid Market Correction

Altcoins Eye Rebound: Opportunity Amid Market Correction

In A Nutshell The altcoin market, particularly cryptocurrencies with market caps under $10 billion, has shown signs of potential rebound opportunities after a challenging period since March. This observation comes in the wake of Bitcoin reaching new heights earlier in the year, followed by a notable decline in the value of smaller cap cryptocurrencies. Analysis…

Tesla Shareholders Sue Musk Over AI Resource Diversion

Tesla Shareholders Sue Musk Over AI Resource Diversion

In A Nutshell In a significant development, Tesla shareholders have initiated legal proceedings against CEO Elon Musk and the company’s board. The suit alleges that Musk’s engagement with his xAI startup constitutes a conflict of interest by diverting artificial intelligence (AI) talent and resources away from Tesla. This suit surfaces amidst shareholder’s decision to reaffirm…

UwU Lend Offers $5M Bounty for Hacker Info After $24M Theft

UwU Lend Offers $5M Bounty for Hacker Info After $24M Theft

In A Nutshell UwU Lend, a prominent protocol within the cryptocurrency sphere, has announced a substantial $5 million bounty in Ether (ETH) for any information leading to the identification and location of a hacker responsible for two significant thefts from the protocol. The combined financial damage from these incidents totals $24 million, with the most…

Holograph Hack: $17M Lost, Token Value Plummets 80%

Holograph Hack: $17M Lost, Token Value Plummets 80%

In A Nutshell A significant security breach has impacted the blockchain tokenization platform, Holograph, leading to a precipitous drop in its native token’s value. An exploiter successfully minted 1 billion HLG tokens, causing a nearly 80% crash in its value within a mere nine hours. This event underscores the vulnerabilities present in digital asset protocols…

Swiss Crypto Bank FlowBank Ordered to Close by FINLA

Swiss Crypto Bank FlowBank Ordered to Close by FINLA

In A Nutshell FlowBank, a crypto-friendly Swiss bank, has been compelled to shut down by the Swiss Financial Market Supervisory Authority (FINMA) due to significant breaches in regulatory standards, particularly in maintaining the minimum capital required for its operation. The decision comes after a detailed investigation revealed the bank’s financial instability and inability to meet…

DADDY Token Soars 218%, Outshines MOTHER Amid Scandal

DADDY Token Soars 218%, Outshines MOTHER Amid Scandal

In A Nutshell A notable surge in market activity has brought the spotlight onto the crypto token associated with Andrew Tate, known as Daddy Tate (DADDY), which has recently outperformed the token of rapper Iggy Azalea, Mother Iggy (MOTHER). This comes amidst allegations of significant insider trading activities, with analytical firm Bubblemaps highlighting suspicious purchase…