In A Nutshell Elon Musk’s social media platform, X (formerly known as Twitter), is set to undergo significant changes, aiming to alter the way users interact with content. Within the coming weeks, the platform plans to hide likes and reposts from the timeline view, effectively changing the user experience (UX). This update, as revealed by…
In A Nutshell Avraham Eisenberg, previously found guilty of a significant financial crime involving Mango Markets, now faces new charges related to the possession of child pornography. Originating from an extensive investigation into his fraudulent activities, this development adds a severe dimension to his legal troubles. The Charges Explained In January 2023, authorities conducting a…
In A Nutshell MicroStrategy, recognized as the largest corporate holder of Bitcoin, faced a $53.1 million net loss in Q1 of 2024, driven by a significant digital asset impairment loss. Despite the financial downturn, the company persisted in its Bitcoin acquisition strategy, purchasing an additional 122 Bitcoin in April. This move comes amidst a backdrop…
In A Nutshell The last week witnessed a significant $435 million outflow from cryptocurrency investment funds, marking a pause in the bull market as investors grow cautious amidst rising inflation concerns. Notably, Bitcoin (BTC) funds saw the largest exodus with $423 million leaving the market, while Ether (ETH) funds also experienced withdrawals. On the flip…
In A Nutshell The debate between modular and monolithic blockchain structures is heating up, with Solana spotlighting the limitations of the monolithic approach. Despite aiming for a seamless user experience by maintaining all transactions on a singular chain, Solana’s strategy has shown vulnerability under high demand, leading to transaction failures and network instability. This situation…
In A Nutshell Hedera Hashgraph (HBAR) experienced a volatile week marked by a significant price surge followed by a continuous decline. Initially, excitement around a now-deleted announcement involving Blackrock led to a remarkable price increase. However, this was quickly tempered by subsequent clarifications, leading to a return to pre-surge price levels. Analysis indicates a decrease…
In A Nutshell A solo Bitcoin miner dramatically won the 3.125 BTC reward by solving block 841,286. This rare event underscores the diminishing chances of solo mining success amidst the network’s increasing hash rate and competition. The miner’s success story, occurring after the recent Bitcoin halving, which reduced block rewards to 3.125 BTC, sheds light…
In A Nutshell In an unexpected development within the stablecoin sector, Visa’s on-chain analytics reveal that Circle’s USD Coin (USDC) has surpassed Tether’s USDT in terms of transaction count. As of April 2024, USDC recorded 166.6 million transactions, edging past USDT’s 163.6 million. This shift marks a significant milestone, given Tether’s dominance as the largest…
In A Nutshell The cryptocurrency sector is on a remarkable trajectory, with projections indicating the potential to reach one billion users by the end of 2025, as per Bitcoin analyst Willy Woo. This prediction rests on an extensive analysis aggregating numerous prior studies, offering a comprehensive view into the future of crypto adoption. Meanwhile, a…
In A Nutshell Tether, the entity behind the world’s leading stablecoin USDT, has made a significant strategic investment of $200 million in Blackrock Neurotech through its new division, Tether Evo. This move not only marks Tether’s venture into the neurotechnology field but also positions it as a majority stakeholder in a pioneer company dedicated to…