Join Our Telegram channel to stay up to date on breaking news coverage The crypto market has recently experienced a significant downturn, leading to widespread liquidations. Bitcoin dropped 3.5% to $67,275, while Ethereum fell 4.6% to $3,495. This resulted in approximately $270.4 million in leveraged positions being liquidated, with Binance leading the way with $99.7…
In the rapidly evolving world of decentralized finance (DeFi), Memereum stands out with its groundbreaking approach to trading and investment. With the launch of its innovative insurance-backed decentralized exchange (DEX), MemeSwapBETA, Memereum is poised to redefine how users interact with and secure their digital assets. Unprecedented Presale Success and Investment Opportunity The Memereum presale has…
The crypto volume market share of the Turkish lira (TRY) has hit an all-time high amid the currency’s depreciation and foreign exchange volatility in the country. According to a report by crypto research platform Kaiko, the uptick in TRY’s crypto volume market share caused the currency to rally past the euro (EUR), becoming the third…
Abstract In this study, we reveal that it is not only feasible but economically viable and environmentally beneficial to use landfill gas (LFG) for digital asset compute (e.g., Bitcoin mining). To support this theory, Marathon partnered with Nodal Power to harness excess capacity from their project, which is exclusively powered by landfill methane gas. This…
The Federal Reserve has decided to keep its key interest rate unchanged, signaling cautious optimism as inflation shows signs of slowing down. This decision reflects the Fed’s ongoing efforts to manage inflation without stalling economic growth. U.S. Fed Meeting Announcements: Key Outcomes and Statements During the Federal Reserve’s latest meeting in Washington, D.C., chaired by…
Share this article Ripple has recently shared additional details about the imminent launch of its new stablecoin. In a recent announcement, the company revealed that the stablecoin, named Ripple USD (RLUSD), is set to launch on the XRP Ledger and the Ethereum blockchain later this year. Introducing Ripple USD (RLUSD): A 1:1 USD-backed stablecoin, offering…
Riot Platforms (NASDAQ:RIOT) criticized Bitfarms (NASDAQ:BITF) for adopting a poison pill strategy to prevent a takeover, calling the move “shareholder unfriendly” and highlighting Bitfarms’ weak corporate governance. Riot stated on Wednesday that it had privately urged Bitfarms to remove its chairman and interim CEO, Nicolas Bonta, and to appoint at least two independent directors to…
Bitcoin and other cryptocurrencies rallied on Wednesday following U.S. inflation data that came in slightly below expectations, raising hopes that the Federal Reserve might start cutting interest rates later this year. The world’s largest cryptocurrency surged over 4% to above $69,500 shortly after the inflation report’s release. The Labor Department reported that the annual inflation…
The U.S. Consumer Price Index remained unchanged in May, outperforming economists’ expectations of a 0.1% rise and down from 0.3% in April. On a year-over-year basis, CPI increased by 3.3%, slightly lower than both the forecast and April’s reading of 3.4%. The core CPI, excluding food and energy costs, rose 0.2% in May, better than…
The Eigen Foundation is acquiring Rio Network’s intellectual rights and will open-source its liquid restaking token as a reference implementation in the EigenLayer ecosystem. Eigen Labs, the company behind the EigenLayer protocol, has announced the acquisition of the restaking platform Rio Network. The deal will see Rio’s intellectual property code made open source. According to…