Bitwise CIO Matt Hougan Sees Major Upside for Solana Matt Hougan, Chief Investment Officer at Bitwise Asset Management, is betting big on Solana in the race for stablecoin supremacy. Hougan, in a recent interview covered by CCN, predicts that the stablecoin and tokenization market could expand by a staggering tenfold—or more—in the near future, with…
Bitcoin mining profits tumble as hashprice crashes to lowest point in months The crypto industry’s miners are feeling the pinch as Bitcoin mining profitability, measured by the all-important hashrate and corresponding “hashprice”, slides to its lowest level in several months. The price miners earn per unit of computing power, or hash, has dropped significantly, causing…
Strategy Eyes European Market With New IPO to Fund Bitcoin Purchases Michael Saylor’s company, MicroStrategy, keeps doubling down on Bitcoin — and now it’s taking its ambitions across the Atlantic. The firm recently filed for an initial public offering (IPO) to list euro-denominated shares, aiming to raise more capital for even bigger Bitcoin buys. This…
Chainlink Takes a Hit as Crypto Selloff Intensifies The volatility that has become synonymous with the crypto market struck again this week, with Chainlink (LINK) facing a sharp 10% drop in price amid a broader selloff rocking popular digital assets. According to CoinDesk, this dip coincided with heightened anxiety over regulatory changes, as well as…
Ripple Expands Horizons with New Digital Asset Spot Prime Brokerage for U.S. Institutions By [Your Name], Updated for 2024 Ripple, the renowned blockchain payment provider behind XRP, has just announced a major leap in its American business strategy. The company is launching a brand-new Digital Asset Spot Prime Brokerage—a move that aims to streamline how…
Denmark Withdraws Support for EU’s Chat Control Law Following Intense Privacy Pushback In a landmark win for digital privacy advocates, Denmark has officially withdrawn its support for the European Union’s controversial “Chat Control” proposal. This legislation would have required major messaging platforms—like Telegram, Signal, and WhatsApp—to automatically scan private messages for illegal content, raising alarms…
Berachain Freezes Network Following Major Balancer Exploit In a dramatic move shaking the crypto world, emerging blockchain project Berachain has temporarily halted its network after a serious security vulnerability linked to the popular decentralized finance protocol, Balancer. According to a report from CoinDesk, the Berachain developers acted swiftly to contain the exploit by pausing transactions…
Crypto Wallets: Still a Playground for the One Percent? As the buzz around cryptocurrency grows louder, its promise of democratizing finance seems a bit hollow—at least for now. According to Mercuryo CEO Petr Kozyakov, recent data shows that Americans earning over $100,000 are nearly three times as likely to own a self-custody crypto wallet than…
What the Recent AWS Outage Says About Crypto’s Future On November 1st, a significant Amazon Web Services (AWS) outage disrupted websites, apps, and yes—crypto operations—across the globe. For a tech world constantly preaching about decentralization, the chaos exposed an uncomfortable truth: much of the cryptocurrency ecosystem is still reliant on centralized infrastructure like AWS. Why…
ICP Jumps Past $2.92, Recovering From Earlier Week Losses The price of Internet Computer (ICP) has staged a notable comeback, climbing back above the $2.92 mark after dipping earlier this week. This rebound, highlighted by CoinDesk’s latest report, is catching the attention of traders betting on the future of web decentralization. ICP is the native…
