Crypto News

Bitcoin (BTC) hashrate has reached another all-time high, with seven-day moving average jumping to 833 exahashes per second (EH/s), according to Glassnode data. This represents a 9% increase from 767 EH/s in the past few days.According to Miner Mag, pre-orders for mining hardware have begun to decline following the pre-halving surge. Many mining firms had stocked up on equipment in anticipation of this event, ensuring their operations remained competitive; however, analysts now expect a slowdown in hashrate growth.Hashrate measures the computational power used to secure the bitcoin network through mining, and a higher hashrate signifies greater network security.According to The Miner Mag, the network has seen a significant rise in hashrate over the past 18 months, driven largely by institutional...

The outlook for alternative cryptocurrencies appears grim relative to bitcoin as a renewed trade war potentially breaking out between the U.S. and its major trading partners may threaten to destabilize the global economy. Still, some coins are flashing bullish hints. For instance, the XRP/BTC ratio is teasing a move above the upper Bollinger band on the monthly chart for the first time since 2017, hinting at a significant XRP bull run ahead.Bollinger bands are volatility bands placed plus two and minus two standard deviations above the 20-period (day/week/month) simple moving average of an asset's price.The break above the upper band represents a bullish imbalance in the market, and prices typically maintain the lead for several days in a pattern called...

With this move, TVM Ventures aims to invigorate TON, expanding the ecosystem to achieve the goal of building a financial system capable of supporting 500 million onchain users by 2028. TVM Ventures Debuts $100 Million Incubation Fund for TON TVM Ventures, an institution that focuses on empowering creators on the TON network, has launched aSource link

Howard Lutnick, the chairman of Cantor Fitzgerald and President Donald Trump's pick for U.S. Commerce Secretary, was recently playing defense during another nomination hearing in front of Senate Democrats about the financial services giant's investment in Tether, the company that issues the world's largest stablecoin, USDT.Lutnick appeared before the Senate Committee on Commerce, Science, and Transportation on Jan. 29, the day after his testimony at the Senate Banking Committee.Cantor Fitzgerald serves as Tether’s primary custodian for U.S. Treasuries, manages a significant portion of its reserves, and holds convertible debt issued by Tether’s parent company. The nature of the reserves backing USDT has been of concern to the crypto industry for years. In 2023, Lutnick tried to downplay those concerns by...

Decentralized lending protocol Aave processed millions in liquidations Monday without accruing any new bad debt, showcasing its resilience during market volatility, data from Chaos Labs shows.The crypto market wilted early Monday, with the price of bitcoin (BTC) falling to nearly $91,000 from $100,000 as concerns of a renewed trade war between the U.S. and its top partners Canada, Mexico and China sent shockwaves through financial markets. The slide reversed later in the day after President Donald Trump paused tariffs on Mexico for 30 days.The solid two-way price action led to margin shortages, resulting in massive liquidations, the forced closure of positions on centralized and decentralized trading avenues. Aave alone processed $210 million in liquidations, its highest single-day tally since...