Mining Difficulty For Bitcoin Drops 2.1% After 6 Weeks
After four consecutive Bitcoin mining difficulty rises, the difficulty of the network dropped for the first-time in 68 days. It fell 2.14% to block height 756,000 on Tuesday.
FTX to The Rescue Again, This Time Celsius Could Receive a Bailout
Acquiring Celsius’s assets would signify FTX’s intention to save the lending company, much like what FTX US did with Voyager when it secured the winning bid of $1.4 billion.
Bitcoin Mining Firm Bitdeer Creates $250M Fund to Acquire Mining Equipment
Bitdeer, a bitcoin mining company that is backed by Jihan Wu, has created a $250 million fund in order to purchase distressed assets from troubled bitcoin miners.
$8 Million Raised By Decentralised Exchanged (DEX) Krypton
Decentralized exchange Krypton raised $7 million in a seed fund led by Framework Ventures. Market participants will be fully protected from predatory trades and inefficiencies.
Bitcoin Based Payment Merchant Strike Raises $80 Million
The cash will be used by the payments company to expand its relationship with “largest merchants.”
CEO of Bankrupt Crypto Lender Celsius Has Resigned
A new press release released Tuesday says that Alex Mashinsky has resigned as CEO of the troubled crypto lender Celsius Network.
Chainlink and Uniswap Hit New All Time Highs
Chainlink reached a six week high Tuesday, when the token increased for a sixth consecutive session. This move saw the token rise past a key resistance level. Uniswap also saw prices rise by up to 16% earlier in today’s trading session.
Report Suggests Russia Will Use its CBDC to Settle Payments With China
Russia’s version of a CBDC is being tested by banks for international settlements. It is expected that the development will be completed by the beginning of next year.
Chinese University Nanjing Creates First Metaverse Course
According to reports, Nanjing University has launched one of the first majors dedicated to metaverse-related knowledge.
Three US States Take Similar Legal Action Against Crypto Lender Nexo
The Department of Financial Protection and Innovation in California issued a cease and desist order Monday against Nexo, a crypto lender. It was concerned about its crypto interest-bearing account.
