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Galaxy Research Questions the Viability of Bitcoin's Layer 2 Solutions

Galaxy Research Questions the Viability of Bitcoin’s Layer 2 Solutions

Most Bitcoin Layer 2 networks may prove unsustainable in the long run, despite their popularity as a promising method for maintaining cheap, fast, and decentralized payments. This conclusion was reached by Galaxy Research. there are dozens of rollups being “built on bitcoin” but only a small few will launch & survive on bitcoin bitcoin doesn’t […]

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Investors and Market Maker Caught Off Guard by ZKX Closure

Investors and Market Maker Caught Off Guard by ZKX Closure

The closure of the ZKX protocol on StarkNet left investors and a market maker criticizing the project’s management, accusing the leadership of secrecy. When ZKX shut down, as investors, we got zero heads-up. The team claimed they ran out of money, refused to provide any financial or spending details, and wouldn’t communicate with us. ZKX […]

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Nvidia Delays Release of Flagship AI Chips, Reports Say

Nvidia Delays Release of Flagship AI Chips, Reports Say

Nvidia has informed Microsoft and another cloud service provider of a delay in the release of its Blackwell B200 chips by at least three months, according to sources cited by The Information. The postponement is due to a design flaw discovered “unusually late in the production process.” This delay could affect Microsoft, Google, and Meta, […]

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Donald Trump Sees Bitcoin as a Solution to US National Debt

Donald Trump Sees Bitcoin as a Solution to US National Debt

Bitcoin could become a key tool in addressing the growing US national debt, which has surpassed $35 trillion, according to Donald Trump, the Republican presidential candidate, in an interview with FOX News. Trump with a word salad about crypto: “Crypto is a very interesting thing. Very high level in certain ways. Intellectually very high level. […]

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Bitcoin Falls Below $50,000 as Ethereum Dips Under $2,200

Bitcoin Falls Below $50,000 as Ethereum Dips Under $2,200

Overnight on August 5, the leading cryptocurrency plummeted nearly 13%. Briefly, the coin dropped to $49,000. 15-minute BTC/USDT chart from Binance. Data: TradingView. At the time of writing, digital gold has slightly recovered and is trading at $52,700. According to CoinGecko, its market capitalization is approximately $1 trillion. The total cryptocurrency market cap has fallen […]

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Week in Review: Ethereum's Ninth Anniversary and Fed's Rate Decision

Week in Review: Ethereum’s Ninth Anniversary and Fed’s Rate Decision

The community celebrated the ninth anniversary of Ethereum’s launch, the Federal Reserve maintained its key interest rate, Bitcoin mining difficulty increased by 10.5%, Elon Musk promised not to promote cryptocurrencies, and other events of the past week. Bitcoin Price Falls Below $60,000 The leading cryptocurrency began the week at $69,000 but fell below $67,000 by […]

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Hamster Kombat Founders to Develop Ecosystem Centered on HMSTR Token

Hamster Kombat Founders to Develop Ecosystem Centered on HMSTR Token

The anonymous creators of the clicker game Hamster Kombat disclosed to Wired their plans to build an ecosystem of interconnected games and services, with the yet-to-be-released HMSTR token at its core. The developers behind the project continue to withhold their identities and avoid voice interviews with journalists due to fears of being unmasked. The Hamster […]

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Ukrainian National Guard Soldiers Implicated in Cryptocurrency-Related Murder in Kyiv

Ukrainian National Guard Soldiers Implicated in Cryptocurrency-Related Murder in Kyiv

A foreign national, murdered in Kyiv over digital assets, was allegedly kidnapped by members of Ukraine’s National Guard. This was reported by Strana, citing sources within law enforcement. According to these sources, one of the soldiers proposed a cryptocurrency transaction to the victim. He then allegedly informed three fellow servicemen that the foreigner had assaulted […]

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Trader Achieves 4,497-Fold Profit on Meme Token WIF

Trader Achieves 4,497-Fold Profit on Meme Token WIF

Five wallets, likely owned by a single individual, sold 14.53 million WIF tokens for approximately $24 million, as noted by analysts at Lookonchain. 5 wallets(may belong to the same person) sold 14.53M $WIF($24M) 7 hours ago! Incredibly, this guy bought 14.53M $WIF on Nov 30, 2023, and the cost was only $5,340! He got a […]

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Crypto Derivatives Exchange Debuts in EU, Jersey Pension Fund Eyes Bitcoin, and More Industry Highlights

Crypto Derivatives Exchange Debuts in EU, Jersey Pension Fund Eyes Bitcoin, and More Industry Highlights

We have compiled the most significant news from the crypto industry over the past two weeks. One Trading launched the first crypto derivatives exchange in the EU. New Jersey will allocate part of the city pension fund for BTC-ETF purchases. SBI Holdings and Franklin Templeton will establish a joint digital asset management firm. Coinbase’s UK […]

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Coinbase Analysts Attribute Bitcoin's Decline to Seasonal Trends

Coinbase Analysts Attribute Bitcoin’s Decline to Seasonal Trends

The cryptocurrency market has encountered a typical August downturn, according to analysts from the bitcoin exchange Coinbase, reports The Block. “In August, seasonality usually does not favour cryptocurrencies,” stated analysts David Duong and David Han in a note. They noted that historically, this month has seen a decline in market activity. In August 2023, the […]

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Bitcoin and Conspiracy Theories, Telegram's Web3 Innovations, and Hamster Kombat's Announcement

Bitcoin and Conspiracy Theories, Telegram’s Web3 Innovations, and Hamster Kombat’s Announcement

“Should Have Bought” is a news podcast by the ForkLog editorial team, covering the week’s major industry events and the hottest tokens. Topics include Telegram’s innovations, Pavel Durov’s billionaire status, the decline of Bitcoin and Ethereum, and news from Hamster Kombat. Special guest: Fedor Skuratov — president of the association of Russian-speaking community managers, founder […]

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