Bitcoin’s hashprice has fallen to its lowest level in five years, according to Luxor, now sitting at $38.2 PH/s. Hashprice, a term introduced by Luxor, measures the expected daily value of one terahash per second of computing power. The metric reflects how much revenue a miner can expect from a specific amount of hashrate. It…
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Backpack Exchange, a Solana-based cryptocurrency trading platform, launched on Monday its native token, BP, detailing a token generation event (TGE) that includes a mix of user distribution, lockups and a mechanism tied to company equity. At launch, 25% of the token’s 1 billion total supply—around 250 million BP—will be distributed, primarily through an airdrop to…
US stocks recovered on Friday after a volatile week, with major indices rising on renewed expectations of a December interest-rate cut amid sharp swings in artificial intelligence-linked and cryptocurrency assets.The S&P 500 climbed 1.2% in early trade, while the Dow Jones Industrial Average gained 709 points, or 1.6%. The Nasdaq composite rose 1% after fluctuating…
Lalu Prasad Yadav (File photo) NEW DELHI: The Delhi high court on Monday refused to stay Lalu Prasad Yadav‘s trial in the alleged IRCTC scam case and issued notice to the Central Bureau of Investigation (CBI) seeking its reply.The single-judge bench of Justice Swarana Kanta Sharma told Yadav’s lawyers, Kapil Sibal and Maninder Singh, that…
The head of digital assets and tokenization at one of Germany’s largest asset managers said that USDT and USDC are not stablecoins, from his perspective. Source link
Wells Fargo (WFC), one of the largest U.S. banks overseeing $1.7 trillion in assets, has filed a trademark application for a new digital asset-focused platform branded as WFUSD, signaling that the bank is pushing deeper into crypto and blockchain. According to a Tuesday filing for the United States Patent and Trademark Office (USPTO), WFUSD would…
The Twisha Sharma death case took a dramatic turn after accused husband Samarth Singh informed the Madhya Pradesh high court that he was willing to surrender and sought permission to withdraw his anticipatory bail plea. Delhi high court pulled up the Wrestling Federation of India for declaring wrestler Vinesh Phogat ineligible and asked the Centre…
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AHMEDABAD: Amid intensifying geopolitical conflicts and trade tensions, Prime Minister Narendra Modi made a strong pitch on Saturday for India as a preferred investment destination. “India is capable, India is competitive, and India is committed. Today, India has only one message for investors worldwide: India is ready, India is reliable, and India will deliver,” Modi…
