Cango Inc., previously known for its automotive transaction services based in Shanghai, has announced a dramatic strategic pivot into the world of Bitcoin mining. With a substantial investment of $256 million for a significant acquisition of 32 exahashes per second (EH/s) of hashrate from Bitmain Technologies, Cango is positioning itself as a fierce competitor in
Opeyemi’s foray into the rapidly evolving world of cryptocurrency was not a predetermined path, but rather a serendipitous encounter that transformed his interests and career trajectory. Initially an undiscriminating observer, he discovered a profound fascination with the mechanics of digital currencies over two years ago. This newfound interest propelled him into the depths of blockchain
In a notable turn of events within the blockchain gaming landscape, CyberKongz has found itself under the regulatory microscope of the U.S. Securities and Exchange Commission (SEC). On December 16, the NFT-focused gaming project announced that it had received a Wells Notice from the SEC, raising serious concerns about their integration of the ERC-20 token
The cryptocurrency landscape in 2024 has been marked by dramatic price increases, yet surprisingly, the growth in on-chain users has not mirrored this momentum. A deep dive into Flipside’s recent report on on-chain users reveals critical insights into the dynamics at play in various blockchain networks. While some chains, particularly Base, have shown exponential user
The cryptocurrency landscape is notorious for its extreme volatility, and Bitcoin is no stranger to this phenomenon. Recent developments saw Bitcoin’s price plummet to approximately $92,000 on December 20, prompted by the US Federal Reserve’s decision to cut interest rates. This move led to a ripple effect, triggering considerable sell-offs across the crypto market. However,
The cryptocurrency market is no stranger to turbulence, and the recent week presented a prime example of its inherent volatility. Bitcoin, the flagship crypto asset, experienced a rollercoaster ride, starting at an impressive $100,000 on a Saturday before skyrocketing to a staggering $108,000 by Tuesday, only to plummet by $16,000 to a low of $92,000
As the cryptocurrency landscape continues to evolve, 2025 appears poised to be a watershed year for regulatory frameworks within the United States. After enduring years of regulatory uncertainty, Coinbase’s latest market outlook emphasizes a potential shift towards pro-crypto legislation that could fundamentally alter how digital assets interact with traditional financial systems. Key indicators suggest a
In the age of digital communication, social media has become an essential tool for officials, corporations, and public figures to transmit information quickly. However, this immediacy comes with an alarming risk: misinformation can spread like wildfire. A recent incident underscores this danger, revealing how social media malware can disrupt not only reputations but also financial
Cryptocurrency enthusiasts and market analysts alike are currently fixated on Bitcoin’s ongoing struggle to hold the $100,000 support level. After a steep decline to approximately $98,000 amidst a turbulent market landscape, the scrutiny surrounding Bitcoin (BTC) has intensified. Recent events, particularly following actions taken by the US Federal Reserve, have sparked substantial interest and speculation
Recent discussions surrounding the potential transformations within the regulatory landscape for crypto exchange-traded funds (ETFs) have sparked considerable interest among investors and industry analysts alike. With the anticipated appointment of Paul Atkins as chairperson of the U.S. Securities and Exchange Commission (SEC), the door may be opening for significant policy alterations. SEC Commissioner Hester Peirce,
