Author: Dalmas Ngetich

[ad_1] MARA Pool, the Bitcoin mining pool operated by the publicly listed Marathon Digital Holdings, had a transaction ordering issue on September 27 after it mined an invalid block at block height 809478. The invalid block was first picked by an X user, “0xB10C”, before Jameson Lopp, the CTO of Casa, a Bitcoin-focused company, later confirmed it. Lopp scanned his node and noted that MARA Pool had spent an output before it was created, validating a double-spent transaction.  Bitcoin transaction ordering| Source: 0xB10C on X Marathon Digital Mined An Invalid Block In Bitcoin, a mining pool or an individual miner can’t approve…

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[ad_1] Ethereum might be the king of smart contracts and the world’s primary hub for decentralized finance (DeFi) and non-fungible tokens (NFTs) activity but onchain data suggests that Bitcoin is ahead in user engagement, interpreted by the number of daily active users, and network activity is at acceptable, healthy levels, reading from the number of daily transactions confirmed.  Bitcoin Leads Ethereum In Daily Active Addresses According to Artemis Terminal data on September 15, Bitcoin, despite being predominantly a transactional layer, enabling the peer-to-peer (P2P) transfer of value between addresses, has more daily active users than Ethereum. This observation is even…

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[ad_1] GMX, the native token powering GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is under intense selling pressure when writing on August 11. Trackers show that the governance token is down 7% on the last trading day, pushing monthly losses to 24%. This downturn has seen prices tumble close to $40, a critical support level last printed in January and June 2023.  Whales Dumping, Prices Fall Despite this setback, DeFiLlama’s data is stable as GMX’s Total Value Locked (TVL) remains over $534 million. Most of the trading platform’s liquidity is locked in Arbitrum, a layer-2 scaling solution for…

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[ad_1] One week after the highly anticipated Litecoin halving event on August 2, on-chain data reveals that the network’s hash rate, a key measure of computing power channeled to the network, is steady but erratic. As of August 9, trackers indicate that the Litecoin network’s hash rate is hovering around 760 TH/s, a notable decrease from the all-time peak of 816 TH/s recorded in late July 2023. Litecoin Prices Steady But Lower, Rally Incoming? Litecoin prices, on the other hand, are firm but down in the previous week of trading. CoinMarketCap data on August 9 shows that LTC is changing hands at $83,…

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[ad_1] As of July 25, on-chain data indicates that the hash rate dedicated to the Litecoin network for mining from Binance Pool, a platform focused on improving miners’ income, is down by over 50% in the past seven months. In crypto mining, hash rate is the cumulative computing power funneled to a proof-of-work network like Bitcoin, Litecoin, or Monero.  These public networks rely on miners distributed across the globe for security, decentralization, and transaction confirmation. Binance Pool Hash Rate To Litecoin Drops By 50% Presently, Binance Pool is allocating approximately 28 TH/s of hash rate to the Litecoin network, a decrease from…

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[ad_1] Bitcoin’s six-year range inside a rising channel has drawn the attention of a curious but optimistic analyst. Previewing the price chart shows that the coin has been in range over the years, capturing all of its volatility. Despite occasional dumps and pumps, the structure is yet to be broken.  By the time the screenshot was shared on July 21, Bitcoin was trading in the lower part of the rising channel, skirting the support trend line, an indicator that prices have been generally lower in recent months. The rejection of lower lows and bounce from the support trend line, the analyst says,…

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[ad_1] Circle, the official issuer of USDC, the second largest stablecoin by circulating supply, has frozen $63 million from the Multichain hack. Compiled Etherscan data on July 7 shows that the stablecoin issuer froze $27.65 million, $30.1 million, and $5.5 million in three transactions, hampering the hacker’s cash-out efforts. Multichain Hacked, Circle Intervenes Multichain, a cross-chain protocol router, was hacked on July 7, resulting in the loss of over $126 million worth of various tokens. The exploit came after the attacker illegally accessed Multichain’s Multi-Party Computation (MPC) address, which stores funds locked between blockchains. Subsequently, the hacker withdrew funds from…

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[ad_1] Despite Revolut, a platform that provides numerous services, including banking and crypto trading, planning to delist Cardano (ADA), Solana (SOL), and Polygon (MATIC) from its trading platform in the United States by September 18, the three coins have started July firmly, bottoming up from June 2023 lows. As an illustration, SOL is up roughly 50% from June 2023 lows when it had sunk to as low as $13. Meanwhile, ADA has soared 17% while MATIC is up 25% in the past two weeks, reading from the performance in the daily chart. Cardano, Solana, Polygon Prices Firm While their prices are…

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[ad_1] The native currency of Quant, a  blockchain platform that helps financial institutions incorporate digital currencies into their businesses, on June 15 soared 20% following its partnership announcement with the Bank of England for Project Rosalind. Quant Collaborates With BIS And The Bank Of England Project Rosalind is a central bank digital currency (CBDC) initiative, led by the Bank for International Settlements (BIS) and the Bank of England. It aims to explore the implementation of APIs in CBDC systems to facilitate retail payments. Project Rosalind focuses on leveraging APIs in CBDCs and investigating innovative use cases for the technology. The…

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[ad_1] In a significant development in the legal dispute between Ripple, a blockchain company utilizing XRP in its On-Demand Liquidity (ODL) solution for cross-border transfers, and the United States Securities and Exchange Commission (SEC), the Hinman materials have now been unsealed. Ripple’s legal representatives had been asserting the relevance of these documents in their defense against the regulator. Still, XRP prices are below the $0.58 resistance level and tracking lower when writing on June 13. Hinman Materials Unsealed While earlier ordering the SEC to unseal Hinman documents, United States District Judge Analisa Torres ruled that the regulator had not clearly…

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