Crypto News
Bitcoin Layer-2 Network Botanix Launches Mainnet, Touts Decentralization ‘From the Start’
Botanix, a Bitcoin layer-2 blockchain, launched its mainnet Tuesday as it attempts to bring more DeFi capabilities to the BTC network.Source link
The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC
The Blockchain Group (Euronext Paris: ALTBG) has announced the acquisition of 60 bitcoin for approximately €5.5 million (about $6.5 million), bringing its total holdings to 1,788 BTC, valued at around €161.3 million ($189.5 million). The company reported a year-to-date bitcoin yield of 1,270.7%, with a BTC gain of 508.3 BTC and a corresponding € gainSource link
Securitize, Redstone Pilot ‘Trusted Single Source Oracle’ to Secure Tokenized Fund NAVs
Securitize, one of the largest tokenized asset issuers, and oracle provider RedStone have released a whitepaper they say introduces a new model for securely verifying Net Asset Value (NAV) data on-chain, tailored specifically for tokenized private funds.The model, dubbed the Trusted Single Source Oracle (TSSO), is designed to address a key gap in decentralized finance (DeFi) infrastructure: how to reliably prove that each NAV update really comes from the trusted source — and hasn’t been tampered with once it’s on-chain.In traditional crypto markets, oracles pull data from multiple price feeds to guard against manipulation or errors. But for private funds, the NAV is calculated by a single fund administrator. That creates a unique problem: there’s no way to double-check the...
Bitcoin Network Hashrate Declined in June as Miners Reacted to Recent Heatwave: JPMorgan
The Bitcoin (BTC) network monthly average hashrate fell about 3% in June, Wall Street bank JPMorgan (JPM) said in a research report Tuesday.The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s)."Our sense is the decline was driven by seasonal weather-related curtailment in the U.S., and note that Cipher, IREN and Riot alone operate >80 EH/s in Texas," analysts Reginald Smith and Charles Pearce wrote.Bitcoin mining profitability continues to improve. The bank's analysts estimated that miners earned an average of $55,300 per EH/s in daily block reward revenue last month, a...
Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin
The alleged scheme involved laundering the proceeds of counterfeit checks and business email compromise scams into Bitcoin.Source link