Search Results for: Tim Shan

Cashtokens Take Center Stage Following Bitcoin Cash Upgrade: Over 26,000 Tokens Created

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Following the recent Bitcoin Cash upgrade on Monday, data reveals that approximately 1,308 fungible tokens and 25,336 non-fungible tokens (NFTs) have emerged on the blockchain. Moreover, the Cashtokens token ecosystem is now accessible through the blockchain explorers 3xpl.com and salemkode.com, allowing…

Amid ‘Regulatory Apparatus’ Against Crypto, Paul Tudor Jones Maintains Bitcoin Allocation 

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In a recent interview, the renowned investor Paul Tudor Jones expressed his perspective on bitcoin, acknowledging that there might be regulatory challenges ahead. However, Jones emphasized his unwavering commitment to the dominant cryptocurrency, affirming that he maintains “a small diversification” in…

Harvard Economics Professor: US Default Could Spark Global Financial Crisis

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Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we…

Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion

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In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that…

Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions 

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Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433…

Musk Hires New CEO for Twitter, ‘She Will Be Starting in 6 Weeks’

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Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be…

ATPBot Launched a Real AI Quantitative Trading Bot

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PRESS RELEASE. Recently, ATPBot, the first truly quantitative trading bot, announced that it can now connect to the Binance API for trading, providing users with more opportunities to trade cryptocurrencies. By registering ATPBot, connect to Binance Exchange, enter your investment amount…

A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen

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The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to…

Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years

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Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures…

Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows

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This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing…