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Bitcoin's Transaction Processing Speed Dips to 2011 Levels: An Analysis of CryptoQuant's Findings

Bitcoin's Transaction Processing Speed Dips to 2011 Levels: An Analysis of CryptoQuant's Findings

CryptoQuant CEO, Ki Young Ju, recently highlighted a significant slowdown in Bitcoin’s transaction processing speed, stating that it has reverted to the levels observed back in 2011. According to Ju, despite Bitcoin's transformation into what many call 'digital gold,' it has failed to become a

Uzbekistan Student Sentenced to 10 Days of Arrest for Trading Notcoin

Uzbekistan Student Sentenced to 10 Days of Arrest for Trading Notcoin

In a recent development, the criminal court of Tashkent has handed down a 10-day administrative arrest sentence to a 24-year-old student from Termez State University for trading Notcoin (NOT) tokens. The verdict has sparked significant attention, given the growing global interest in cryptocurrency and the varying legal stances on its

Donald Trump Proclaims Intent to Become "Crypto President" with $12 Million Campaign Fundraiser Support

Donald Trump Proclaims Intent to Become "Crypto President" with $12 Million Campaign Fundraiser Support

In a significant display of support for the digital asset industry, politician Donald Trump has once again underscored his endorsement of cryptocurrencies. The U.S. presidential candidate recently announced his intention to become the "crypto president" during a high-profile fundraising event, securing an impressive $12 million in donations

Coinbase Introduces Smart Wallet Solution for Custody-Free Crypto Management with Integrated Gasless Transactions

Coinbase Introduces Smart Wallet Solution for Custody-Free Crypto Management with Integrated Gasless Transactions

Coinbase, a leading cryptocurrency exchange, has launched a new service named "Smart Wallet," aiming to revolutionize the way users interact with digital assets by offering a custody-free wallet that can be created effortlessly using modern identification methods like FaceID or a Google account. The announcement of Smart Wallet

Politicians Urge Biden to Intervene in Binance Case in Nigeria

Politicians Urge Biden to Intervene in Binance Case in Nigeria

A group of politicians has sent a special letter to U.S. President Joe Biden, calling on him to intervene in the case of Binance's top executive, Tigran Gambaryan, who has been detained in Nigeria for over three months. Gambaryan faces charges of money laundering and tax evasion.

Bitcoin Mining Companies' Reserves Hit 14-Year Low, Signaling Potential Supply Crisis

Bitcoin Mining Companies' Reserves Hit 14-Year Low, Signaling Potential Supply Crisis

According to the latest data from CryptoQuant, bitcoin reserves held by mining companies have plummeted to a 14-year low, marking a significant moment in the cryptocurrency sector. The reserves now stand at only 50% of their all-time high, signaling a stark reduction in available assets within this segment. Currently, these

Report Reveals 6.8% of World Population Now Crypto Investors

Report Reveals 6.8% of World Population Now Crypto Investors

Triple-A, a leading financial technology company, has released a comprehensive report detailing the global adoption of crypto assets. The findings reveal a significant increase in the number of crypto investors worldwide, highlighting a surge of 142 million new investors since 2023. The United Arab Emirates (UAE) emerges as the frontrunner

Japanese Crypto Exchange DMM Bitcoin Loses $303 Million in Hack

Japanese Crypto Exchange DMM Bitcoin Loses $303 Million in Hack

In a significant cybersecurity breach, the Japanese cryptocurrency exchange DMM Bitcoin announced the loss of 4,503 BTC, valued at approximately $303 million. The breach involved unauthorized access to the company’s accounts, resulting in the withdrawal of 4,502.9 BTC. Following the incident, DMM Bitcoin has temporarily halted

Polyhedra Network Adopts New Token Ticker ZKJ Following Accusations Against zkSync

Polyhedra Network Adopts New Token Ticker ZKJ Following Accusations Against zkSync

Polyhedra Network, a prominent Web3 infrastructure provider, has announced a change in its token ticker to ZKJ from the previously used ZK. This decision comes amidst a contentious dispute with zkSync over the use of the ZK ticker. The change was reported by The Block, which cited an official statement

U.S. Court Dismisses DEBT Box Case, Orders SEC to Pay $1.8 Million in Penalties

U.S. Court Dismisses DEBT Box Case, Orders SEC to Pay $1.8 Million in Penalties

In a significant legal development, the U.S. District Court for Utah has officially closed the case against the cryptocurrency firm DEBT Box, marking a notable setback for the Securities and Exchange Commission (SEC). On May 28, 2024, Federal Judge Robert Shelby dismissed the SEC's lawsuit against DEBT