Hash rate has also tumbled on the Bitcoin network. The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions. According to mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of unconfirmed Bitcoin transactions recorded since late 2017 when Bitcoin hit $20,000. The all-time high of unconfirmed transactions in the Bitcoin mempool was recorded in early December 2017, accounting for about 180,000 transactions, according to data […]

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Amid a global employment crisis, it’s perhaps inevitable that the gig economy is making inroads into the blockchain space too. Blockchain developers can’t be accused of failing to keep up with the times. The unprecedented shake-up in the world’s labor markets during the COVID-19 pandemic is accelerating the underemployment trends of recent decades. Signs of a jobless recovery ahead is spurring citizens to turn to all kinds of digital piecework in the absence of social security and conventional employment benefits.  To weather the sharp economic contraction and unpredictable pandemic lockdowns, 41% […]

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Data from Whalemap shows $13,000 is turning into a BTC whale support as the price of Bitcoin hovers above $13,600. According to on-chain data from the analysts at Whalemap, $13,000 has become a support level for the price of Bitcoin (BTC). Whale clusters indicate that whales — or large BTC holders — are continuously accumulating. Whale clusters form when a large number of BTC are transferred to a new address and the BTC is unspent. This indicates that whales either bought or transferred their BTC to other […]

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Just one week before the election, President Donald Trump’s website was briefly defaced by crypto scammers. One of United States President Donald Trump’s re-election campaign websites was briefly defaced yesterday, according to an Oct. 28 article on TechCrunch. Hackers managed to replace donaldjtrump.com’s usual campaign rhetoric and request for donations with a spoof of the FBI’s “this site has been seized” message. The unknown attackers claimed to have obtained “strictly classified information”, and encouraged people to essentially vote on whether they wanted the data released, using payments […]

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Blockchain firm ConsenSys is becoming increasingly active in the central bank digital currency space. Ethereum software firm ConsenSys has just sealed its sixth central bank digital currency project. On Oct. 28, the blockchain organization announced that it will be collaborating with Société Générale Forge on experiments for a digital euro. Société Générale Forge is the digital capital markets platform of major financial services group, Société Générale Group. SG Forge was involved in the issuance of a 100 million euro bond as a security token on the Ethereum blockchain back in […]

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A record “organic” price valuation based on long-term investors paves the way for uncharted price territory for Bitcoin, the statistician says. Bitcoin (BTC) has already hit an all-time high this week, according to one price measurement from popular statistician Willy Woo. In a series of tweets on Oct. 27, Woo added to his recent bullish prognoses on Bitcoin, noting that one valuation of BTC/USD was now higher than ever before. Woo: “Price will follow” NVT valuation Woo was referring to Bitcoin’s network value to transactions (NVT) ratio, […]

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Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday The founder of the crypto payments network Celsius has gifted his wife a large portion of the token supply, reducing his own enormous stake in the process. Celsius CEO Alex Mashinsky gifted wife Krissy 15 million CEL tokens as a birthday present, worth an estimated $20 million at today’s prices. I gave my wife @KrissyMashinsky a very special present of 15,000,000 CEL tokens for her very special birthday. She has […]

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The forthcoming digital asset exchange from Singapore’s largest bank DBS is expected to encourage other Asian financial institutions to reveal their crypto strategies. A now-deleted webpage announcing that Singapore’s largest bank is planning to launch a “digital exchange” supporting crypto asset trading is the latest sign of increasing institutional adoption of virtual currencies. The document, which appeared briefly on the DBS website, announced the new exchange will support Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ethereum Classic, (ETC), and Ripple (XRP), alongside the fiat currencies of Singapore, […]

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A recent purchase of 10,000 Antminer S-19s has placed Marathon Patent Group on-track to become North America’s largest Bitcoin mining firm by Q3 2021. Nevada-based cryptocurrency mining firm Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs as part of its plan to become the largest mining firm in North America. The publicly traded firm announced the purchase on Oct. 26, revealing plans to command an operational hash rate of 2.56 exahashes per second (EH/s) in July 2021 — equal to 1.9% of […]

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