On Friday, August 20, the first cryptocurrency hit a new high since May, surpassing $48,700.At the time of writing, bitcoin is trading at $48,760. The asset has gained 6.4 per cent in the past 24 hours, according to CoinGecko. The price of the second-most-capitalised cryptocurrency rose 6.7% to $3263. BTC’s dominance index is 42.3%, while

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Known for his cryptocurrency-friendly attitude, Brian Quintenz has announced his resignation as commissioner of the Futures Trading Commission (CFTC).Quintenz’s term of office expired back in April 2020 – at which time he committed to resigning by October. At the same time, the law allowed him to serve at the CFTC until the end of 2021.

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Semiconductor chip maker Intel could enter the crypto space. The company bought about $800,000 in shares of the Coinbase (COIN) exchange on 26 June 2021. This is according to a report filed with the US Securities and Exchange Commission (SEC), as reported by financial news website Barrons.According to the Form 13F filed with the US

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In the first week of August, Ethereum’s long-awaited update EIP-1559 finally came into effect. An upgrade that the broad market had been waiting for a long time. And so far, the fee-burning mechanism introduced with this upgrade is working smoothly. In the last 24 hours, over 3 ETH per minute have been burned.Now that the

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A rising bitcoin price goes hand in hand with rising environmental impact, believes economist Alex de Vries.Digiconomist founder Alex de Vries predicts that the cost of mining a Bitcoin will rise to the price of a Bitcoin in the long run. de Vries refers to economic theory, which says that competition will push profits down

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The value of the cryptocurrency, which the software maker owns, has approached $3 billion.Public company MicroStrategy announced the purchase of 3.9 thousand bitcoins for about $177 million. The deal was done at an average price of the cryptocurrency of $45.2 thousand. Now the software producer holds a total of 108.9 thousand BTC worth $2.9 billion,

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The first cryptocurrency’s network computing capacity is returning to pre-China mining ban values.Bitcoin’s hash rate has reached 152 EH/s and tripled since June 28, when it hit a local low of 52 EH/s, according to analyst firm CryptoQuant. Total processing power on the first cryptocurrency’s network hit a historic high of 197.6 EH/s on May

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The victim of the attackers was artist Jeff Nicholas. He described the way in which criminals gain access to the MetaMask cryptocurrency wallet.Fraudsters have found a way to steal non-exchangeable tokens (NFTs) and cryptocurrency from users of the OpenSea marketplace, reports Bleeping Computer. According to the publication, attackers on the Discord messenger are encouraging users

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The bank is awaiting approval for cryptocurrency transactions from financial regulators. Customer demand for bitcoin has surged after it strengthened to $50k.Banking giant Citigroup is awaiting approval from financial regulators to start trading bitcoin futures on the Chicago Mercantile Exchange (CME), CoinDesk writes citing anonymous sources. They reported that demand from the company’s clients for

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