Bitcoin mining expenses surge 168% amid capacity growth
Bitcoin mining expenses surge 168% amid capacity growth cointelegraph.com 20 August 2024 13:50, UTC cointelegraph.com
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L2 centralization is a ticking time bomb for blockchain
L2 centralization is a ticking time bomb for blockchain blockworks.co 20 August 2024 17:56, UTC Layer-2 sequencers have become dangerously centralized, introducing significant risks that undermine the foundational principles of blockchain. To safeguard network integrity and prevent the erosion of trust, we must urgently transition to a model that does a better job at…
Breaking Down Dirty Coin: The Documentary That Shatters Bitcoin Mining Myths
Breaking Down Dirty Coin: The Documentary That Shatters Bitcoin Mining Myths bitcoinmagazine.com 20 August 2024 16:21, UTC Bitcoin mining has long been embroiled in controversy. From Greenpeace’s high-profile “Change the Code, Not the Climate” campaign to Alex DeVries’ exaggerated claims about Bitcoin’s growing “water footprint,” the media often portrays Bitcoin mining as an environmental…
Binance Claims to Have Prevented $2.4 Billion Losses in Fraudulent Activities in 2024
Binance Claims to Have Prevented $2.4 Billion Losses in Fraudulent Activities in 2024 financemagnates.com + 2 more 20 August 2024 16:17, UTC Binance claims to have thwarted potential losses of over $2.4 billion In the first seven months of 2024, safeguarding more than 1.2 million users from scams and fraudulent activities. In a statement…
Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k
Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k cryptoslate.com 20 August 2024 17:01, UTC Bitcoin experienced a sharp decline on Aug. 20, falling below the $59,000 mark as selling pressure intensified, leading to significant liquidations in the crypto market. The flagship crypto slid over 3% in an hour, giving…
Solana Sees DEX Growth, But It’s Not Enough for SOL Price
Solana Sees DEX Growth, But It’s Not Enough for SOL Price beincrypto.com 20 August 2024 17:00, UTC On-chain data shows a 400% spike in trading activity on decentralized exchanges (DEXs) powered by the Solana network over the past week. However, a closer analysis indicates that the increase might not reflect genuine user participation. Solana‘s…
Crypto ATM sting in Germany leads to $28m seizure
Crypto ATM sting in Germany leads to $28m seizure crypto.news + 2 more 20 August 2024 18:11, UTC German authorities confiscated 13 crypto ATMs and seized nearly $28 million in cash across 35 locations. It’s been quite the summer for Germany and crypto. German authorities have faced criticism for their negative stance on crypto…