As the Chinese government continues to celebrate the decline of the cryptocurrency market, a top Chinese blockchain expert has called crypto a Ponzi scheme. The CEO of Red Date Technology, one of the leading tech firms in developing China’s major blockchain project, Yifan He, recently wrote an article where he Read More
The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s). According to the data shared by the Cambridge Centre for Alternative Finance, the Read More
Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy.According to a Friday report from the Wall Street Journal, Celsius hired an unknown number of restructuring consultants from the firm Alvarez & Marsal to advise the platform on Read More
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 24, 2022.
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Leveraging the Lightning Network for branding? Is that even possible? Voltage, a bitcoin infrastructure provider, makes a great case for it. Granted, their “Identity and brand on the Lightning Network” article is in itself a branding effort by the company. That doesn’t mean the information it contains is invalid, though. Read More
The native cryptocurrency of Celsius Network – CEL – has surged over 130 percent in the past 24 hours. The surge occurred as a result of the crypto market’s relief following many days of precipitous declines.
The Celsius token shed by more than half its value to reach $0.20 on June 13. Read More
Bastyon as the Web 3.0 Social Platform
Most crypto projects are nothing but cones of a few successful coins. Bastyon, on the other hand, is a fast-growing social platform that combines elements of Youtube, Twitter and Torrent; it recently passed four hundred thousand users and growing fast. Read More
Several U.S. states including Texas and Alabama are investigating Celsius Network’s decision to halt customer withdrawals.
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There’s cause for celebration from the world’s largest cryptocurrency. The Lightning Network hit the 4,000 Bitcoin (BTC) public capacity milestone, meaning $120 million in value is ready for peer-to-peer payments.The Lightning Network first broke the 1,000 BTC barrier in August 2020 and the 2,000 BTC barrier in July 2021. The Read More