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Category Archives: News

NFT Sales Plunge 63% Annually: A Profound Shift in Market Dynamics

The Rollercoaster of NFT Sales: Highs and Lows in 2023 Non-fungible tokens (NFTs) sales data for last year (2023) revealed surprising statistics. The sales figure for the year settled at $8.70 billion, which was a decrease of 63.35% or $15.04 billion in NFT sales compared to the year before. 2023: A Challenging Yet Diverse YearContinue reading “NFT Sales Plunge 63% Annually: A Profound Shift in Market Dynamics”

Bitcoin Network Hits Record High with Over 731,000 Transactions on New Year’s Eve

A New High for Bitcoin with Over 731K Transactions on New Year’s Eve As we waved goodbye to 2023, the Bitcoin network marked a record-breaking achievement. There were a remarkable 731,351 transactions confirmed in a single day – a new high for Bitcoin. This surpassed the previous record, set on Christmas Eve 2023, when minersContinue reading “Bitcoin Network Hits Record High with Over 731,000 Transactions on New Year’s Eve”

Ethereum Progress: Vitalik Buterin Reveals Improved Roadmap

A Renewed Roadmap for Ethereum: Vitalik Buterin Shares Future Plans Recently, Ethereum’s co-creator, Vitalik Buterin, revealed an updated blueprint for the platform’s progress in 2023. This roadmap illustrates important evolutions and constant advancements in the Ethereum ecosystem. While sharing similarities with the roadmap from the past year, this revised edition highlights Ethereum’s technological development withContinue reading “Ethereum Progress: Vitalik Buterin Reveals Improved Roadmap”

Unprecedented Bitcoin Mining Profitability in December 2023: Onchain Fees Boost Earnings to $1.51 Billion

The Game Changer Month for Bitcoin Miners – December 2023 The digital gold rush for bitcoin miners reached an all-time high in 2023, with miners raking in an unprecedented $1.51 billion in December alone. Beyond just the coins mined, a significant portion of this record windfall stemmed from transaction fees, which contributed $324.83 million toContinue reading “Unprecedented Bitcoin Mining Profitability in December 2023: Onchain Fees Boost Earnings to $1.51 Billion”

Bit Mining Trades BTC.com Mining Operations for a Cool $5 Million

Crypto major Bit Mining announces divestiture of Btc.com’s Mining Pool to a Hong Kong Company for $5 Million Bit Mining announced its recent divestment of Btc.com’s mining pool operations for $5 million. In a transaction expected to improve the total equity of Bit Mining’s shareholders, Btc.com’s mining operations were sold to a Limited liability HongContinue reading “Bit Mining Trades BTC.com Mining Operations for a Cool $5 Million”

Meme Coin Chaos: BONK’s Value Takes a Hit Amid Market Shakeup and Emergence of New Rivals

The Unpredictable Path of Meme Coins: BONK’s Slipping Value amidst Market Instability and Emerging Rivals The virtual currency world has seen its share of positive and negative trends, one of which includes meme coins. Among them, bonk (BONK) soared to popularity on the Solana network. However, of late, this digital coin has encountered a 41%Continue reading “Meme Coin Chaos: BONK’s Value Takes a Hit Amid Market Shakeup and Emergence of New Rivals”

Elizabeth Warren Under Scrutiny: Call for Senate Ethics Committee to Probe Controversial Crypto Remarks

Urging an Ethics Inquiry into Senator Elizabeth Warren’s Alleged Misrepresentation of Cryptocurrencies According to claims made by The Chamber of Digital Commerce, misleading pronouncements about digital currencies have been dispensed by Senator Elizabeth Warren. As per the Chamber, there’s a need for an in-depth examination by the Senate Ethics Committee to clear these misinterpretations. TheContinue reading “Elizabeth Warren Under Scrutiny: Call for Senate Ethics Committee to Probe Controversial Crypto Remarks”

How AI Innovation Gets Similar Environmental Criticism as Bitcoin Mining: A Tale of 2,500 Swimming Pools

The Surging Environmental Concerns of Bitcoin Mining and Generative AI In recent times, the world’s spotlight has focused on the energy-intensive proof-of-work (PoW) protocol that backs bitcoin mining. This protocol, while essential for securing the network and validating transactions, has come under fire for its energy consumption. In a similar vein, with generative Artificial IntelligenceContinue reading “How AI Innovation Gets Similar Environmental Criticism as Bitcoin Mining: A Tale of 2,500 Swimming Pools”

Analysis Reveals Ex-US President Donald Trump Trades Millions in Ethereum

An Insight into Donald Trump’s Crypto Affairs Fascinating news recently unfolded about Donald Trump’s foray into the world of cryptocurrencies. The analytics establishment Arkham shed light on a series of transactions that suggested Trump, as the 45th U.S. President, had lucratively traded off his ethers, the returns of selling his non-fungible tokens (NFT) collections. TheContinue reading “Analysis Reveals Ex-US President Donald Trump Trades Millions in Ethereum”