Tag: Cryptoslate
Blockchain
Why is Bitcoin hash rate so important for its security?
Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network It is expressed in hashes per second (h/s), with
Blockchain
Web3 Foundation fuels innovative developer tools with Accelerate Polkadot grant
The Web3 Foundation, the organization behind Polkadot, has awarded a Decentralized Futures (DF) grant to Accelerate Polkadot, which aims to boost developer productivity within the Polkadot ecosystem
Blockchain
Dora Factory airdrops tokens to over 1 million Cosmos stakers
Dora Factory, a leading blockchain infrastructure provider, airdropped its native DORA token to over 1 million Cosmos Hub stakers on June 5 to boost participation in the ecosystem’s governance
Blockchain
Treasury Secretary Yellen warns of financial stability risks posed by AI
US Treasury Secretary Janet Yellen expressed significant concerns about the potential dangers artificial intelligence (AI) poses to the stability of the financial system Yellen made the remarks
Blockchain
Kraken looking to raise $100 million in preparation for 2025 IPO
Kraken is reportedly planning to raise $100 million through a final funding round by the end of the year before an eventual IPO in 2025, Bloomberg News reported on June 6, citing people familiar with
Blockchain
DTCC highlights potential of tokenization in Congressional testimony
DTCC Digital Assets global head and managing director Nadine Chakar made a compelling case for the benefits of tokenization in her testimony before the House Financial Services Subcommittee on
Blockchain
SEC chair Gensler says spot Etheruem ETF launch timeline depends on applicants’ speed
SEC chair Gary Gensler said the timeline for spot Ethereum ETF launches depends on how quickly applicants respond to the regulator’s questions and comment on reasons for approvals Gensler told
Blockchain
FTX creditor group files objection against bankruptcy reorganization plan
A group of FTX creditors led by Sunil Kavuri has objected to the reorganization plan filed by the defunct exchange’s bankruptcy managers According to a June 5 court filing, the creditors argued
Blockchain
StanChart predicts new ATH on favorable payroll data, maintains $150k per token outlook
Bitcoin is poised to reach a new all-time high this weekend if upcoming payroll data on June 7 is favorable, according to Standard Chartered’s head of crypto research Geoffrey Kendrick
Blockchain
MicroStrategy faces highest institutional net short positions among crypto-related firms
Quick Take Analyzing institutions’ net short positions can reveal crucial insights into market sentiment and potential volatility For instance, examining the net short positions on
Blockchain
Web3 gaming platform Sandbox drops valuation by $3 billion as it raises $20 million
The Sandbox, a subsidiary of Animoca Brands, has announced a $20 million funding round at a $1 billion valuation cap aimed at expanding its creator economy within the open metaverse This strategic
Blockchain
Despite heavy outflows, CEXs continue to be pillars of liquidity
Centralized exchanges are the primary gateways for traders to buy and sell crypto Despite the significant rise in popularity and usage of decentralized exchanges (DEXs) in the past year, CEXs still
