bitcoin
Bitcoin mining difficulty has dropped nearly 6% to 83.1 trillion hashes, which is not a good sign for the network's security. However, experts say this is expected in the short term. The drop in difficulty comes just before the upcoming halving event, where miner rewards will be
arbitrum
Trillion-dollar asset manager Franklin Templeton has suggested that the "Base Season" has arrived with the rise of Social Finance (SocialFi) apps, with Base leading other Ethereum layer 2s in the vertical. According to Franklin Templeton, about 46% of transactions related to SocialFi are on Base, which has been
allegations
Neel Somani, CEO of Eclipse, has announced that he will be stepping back from his role in the Layer 2 project following allegations of sexual harassment against him. Somani denied any misconduct and stated that the role reduction is temporary. The announcement came after allegations of sexual misconduct by the
bitcoin
Bitcoin miner Marathon Digital reported its first-quarter 2024 results, revealing a 223% increase in revenues to $165.2 million. However, the company missed Wall Street analysts' revenue estimates by 14.80%. Marathon blamed bad weather and equipment failures for the shortfall. The company mined 2,811 BTC during the
bitcoin
Bitcoin traders are pointing to a bullish candle hammer on the weekly price chart, which could indicate a reversal of the recent downtrend. Market intelligence firm Glassnode founders believe that Bitcoin is about to surge higher based on this pattern. The hammer candle, characterized by a small body above a
blockchain
The experimental cryptocurrency Ore has won $50,000 in a hackathon supported by the Solana Foundation. However, Ore's impact on the Solana blockchain has been disruptive, as mining the currency caused network congestion and transaction failures. Ore is based on the proof-of-work mechanism used by Bitcoin but operates
bitcoin
The 200-day moving average for Bitcoin has reached an all-time high of $50,178, indicating a bullish long-term outlook for the cryptocurrency. This indicator, which calculates the average closing price over the past 200 days, is often used by traders and analysts to determine long-term trends. Bitcoin's price
bankruptcy
Former pro footballer Tom Brady was roasted by comedians and former teammates during a Netflix-streamed event. One of the most viral moments was when comedian Kevin Hart joked about Brady's role in promoting the bankrupt crypto exchange FTX. Hart quipped about why the event wasn't held
alpha
Polygon, an Ethereum layer-2 developer, has launched an alpha version testnet of its new zero-knowledge rollup (ZK-rollup) solution called Miden. Miden is designed to enhance the capabilities of the Ethereum blockchain by using cryptography to verify data without revealing its contents to the network. It also allows users to generate
hacker
The hacker responsible for the $25 million exploit of Kronos Research in November 2023 has been moving funds to launder the stolen money. The hacker transferred 1,314 Ether worth $4 million to a new address before sending it all to another address. They then made multiple transfers of 100
bitcoin
Grayscale's Bitcoin Trust (GBTC) has ended its four-month streak of outflows, with inflows into the trust for the second consecutive day. Since January 11, an average of $218 million per day has been exiting GBTC, resulting in over $17.5 billion in outflows. However, on May 3, GBTC
blockchain
The Starknet Foundation has launched a new grant program worth $5 million in USDC to support emerging projects on the network. The Seed Grants Program aims to assist 200 promising teams with $25,000 in USDC each, providing a final push for projects to launch on Starknet, an Ethereum layer-2