Friday, March 29, 2024
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Marathon Digital attributes 21% decline in Bitcoin mined to adverse weather conditions

Bitcoin mining company Marathon Digital has linked its recent slump in the total amount of Bitcoin's (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees.According to a July 5 statement, Marathon Digital experienced a “21%" decline in June for the total amount of

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Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters – Economics Bitcoin News

The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s overall volumes. Temporary Reduction in Sale of

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Nayib Bukele Attributes Tourism Recovery in El Salvador to Bitcoin, Surf, and Crime Reduction – Bitcoin News

Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemic numbers according to

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SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’ – Regulation Bitcoin News

The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities. SEC Slammed

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Report Attributes Large Share of Global Crypto Crime to Russia, Moscow City – Bitcoin News

The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis. Three

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Solana attributes major outage to denial-of-service attack targeting DEX offering

Solana has attributed the 17-hour outage it suffered last week to a denial-of-service attack aimed at Grape Protocol’s Sept. 14 initial DEX offering (IDO). In a Sept. 21 blog post, the Solana Foundation stated that bots spammed the network as Grape launched its IDO on the Solana-based decentralized exchange (DEX)

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PBoC Attributes Increasing Interest in Digital Yuan to Rise in Bitcoin Price, BTC Closer to $60K

Bitcoin has been seeing constant gains over the past months while reaching new highs. Now it is trading at almost $60,000.The People’s Bank of China (PBoC) said that the increase in Bitcoin could be triggering interest in China’s digital yuan. China’s central bank tied the increasing interest in digital yuan

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