Crypto News
North Dakota Considers Crypto Reserve as State Bitcoin Treasuries Gain Momentum
Legislators in North Dakota will weigh whether to diversify its assets with crypto and precious metals, following other state Bitcoin proposals.Source link
Bitcoin’s Hashrate Takes a Nosedive: Miners Grapple With Plummeting Profits
Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has now settled at 780 EH/s, based on the seven-day simple moving average (SMA). This reduction, equivalentSource link
This Publicly Traded Distiller Is Launching a Bitcoin Treasury Reserve
The Nasdaq-listed Heritage Distilling said it is planning to hold Bitcoin in its treasury, following the example of MicroStrategy and others.Source link
Hal Finney’s Wife Celebrates Iconic ‘Running Bitcoin’ Post 16-Year Anniversary With Fourth ALS Run
Just seven days after Satoshi launched the Bitcoin network on January 3, 2009, Hal Finney, the first person to ever receive a bitcoin payment, announced to the world that he too had fired up a Bitcoin node. “Running bitcoin,” Finney tweeted on January 10, 2009, and those two words have become iconic in the BitcoinSource link
Red-Hot DeFi Platform Usual Faces Backlash as Protocol Update Triggers Sell-Off
Usual Protocol, an up-and-coming decentralized finance (DeFi) protocol that has seen a remarkable rise over the past months, faced community backlash on Friday after a tweak in the protocol's yield-generating token triggered a sell-off on secondary markets.Amid the turmoil, the protocol's USD0++ token, which represents a locked-up – or staked – version of its $1-anchored stablecoin USD0, fell briefly below 90 cents from $1 on decentralized marketplace Curve. The protocol's governance token, USUAL, plummeted as much as 17% through the day before recovering some of the losses.The selloff was caused by a change in the redemption mechanism of USD0++ token introduced by the team on Thursday that caught investors and liquidity providers off-guard.By design, USD0 is backed by short-term government...