Crypto News
Morning Minute: Ethereum to $7,500? Standard Chartered Thinks So
Plus crypto majors are rebounding, with SOL leading the way and HYPE hitting a new ATH.Source link
Unicoin Will Move to Dismiss SEC Fraud Case, Says CEO
The crypto firm claims lawsuit distorts record as Unicoin CEO vows to fight regulators in courtSource link
Bitcoin Mining Earnings Dip as Hashprice Falls 7.61% in 30 Days
Based on the latest data, bitcoin mining earnings have been sliding, marked by stretches of sharp price swings. Hashprice—the projected return for 1 petahash per second (PH/s) of computing power each day—now sits 7.61% below where it stood on July 27. Hashrate Remains Resilient as Block Times Speed Up Ahead of Next Difficulty Hike ProjectedSource link
CoinDesk 20 Performance Update: Solana (SOL) Gains 4.1% as Index Trades Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 4134.18, up 0.5% (+21.8) since 4 p.m. ET on Tuesday.Six of 20 assets are trading higher.Leaders: SOL (+4.1%) and BCH (+2.7%).Laggards: XLM (-2.7%) and FIL (-1.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Google Advances Its Layer-1 Blockchain; Here’s What We Know So Far
Google Cloud is moving forward with plans to launch its own layer-1 (L1) blockchain, positioning the network as neutral infrastructure for global finance at a time when fintech competitors are developing out their own distributed ledgers.In a LinkedIn post published Tuesday, Rich Widmann, Google’s head of Web3 strategy, provided fresh details on the project, known as the Google Cloud Universal Ledger (GCUL). He described the platform as a credibly neutral, high-performance blockchain designed for institutions, supporting Python-based smart contracts to make it more accessible to developers and financial engineers.“Any financial institution can build with GCUL,” Widmann said, arguing that while companies like Tether may be unlikely to adopt Circle’s blockchain and payment firms like Adyen may hesitate to use Stripe’s,...