News

It’s been a record past few months for Grayscale Investments — an industry fund manager best known for its two flagship funds: the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE). As reported by CryptoSlate previously, the Digital Currency Group-owned firm saw a vast amount of inflows — a company record, in fact. […]

Bitcoin’s network health has been caught within a steady decline ever since its mining rewards halving took place. This has come about alongside a sliding hash rate and rising transaction fees. This decline has continued strong throughout the past week, although it does not appear that there has been any direct correlation between this network […]

It has been a volatile week for Ethereum. The cryptocurrency was able to incur some notable buying pressure earlier this week that allowed it to regain its ground against Bitcoin as it moved into the $230 region. This momentum reached a boiling point yesterday evening when buyers propelled it to highs of $255 in what […]

Bitmain’s launched its new T19 mining rig yesterday, featuring improved software and efficiency. The move comes follows last month’s incident when miners alleged Bitmain delivered defective rigs and malfunctioning hardware, causing losses for mining operations and a negative experience. Optimized Bitcoin mining As per an announcement, Bitmain’s new Antminer T19 Bitcoin Mining will start selling […]

After holding under $10,000 for a week, Bitcoin saw an explosive breakout on Jun. 1 that saw the asset reach a local high of $10,450 — the highest price since the February highs. This was a decisively positive move that had many analysts calling for cryptocurrencies to reverse into a full-blown bull market. One popular […]

China’s leaving no stones unturned in its well-publicized quest to become the world’s leader in blockchain development and services. After introducing favorable terms for Bitcoin miners, a parliamentary book on the topic, and even considering Bitcoin as “virtual property,” the country’s new “master plan” on June 1 released measures to “speed up” progress of the […]

The Bitcoin price surged by more than 191 percent in the past three months. BTC dropped to as low as $3,600 on the so-called “Black Thursday” on March 12. Since then, the dominant cryptocurrency rose to as high as $10,440, completing its fastest recovery since June 2019. A confluence of key fundamental and technical factors […]

Late on June 1, Thailand’s high-flying OmiseGo rebranded to OMG Network. The project was one of 2017’s biggest ICOs, raising $25 million and going on to be valued at over a billion dollars in the successive months.  The project also rolled out the Plasma sidechain yesterday, promising scalability for developers and a faster network for […]

Blockchain platform Neo has announced that it has joined the InterWork Alliance (IWA) as a founding board member. In a press release shared with CryptoSlate, the company said that it will work with other IWA members, including Microsoft, IBM, Nasdaq, and UBS, to promote tokenization standards and encourage mainstream adoption of blockchain technology by businesses. […]

Decentralized finance (DeFi) may be one of crypto’s foremost use cases, but as it stands it has seen limited adoption. According to data site Defipulse.com, there is now $951 million worth of value (ETH, stablecoins, Bitcoin, etc.) locked in DeFi applications. This equates to approximately 0.35 percent of the entire cryptocurrency market, assuming Bitcoin and […]