Binance's bitcoin mining pool finds just one block in a week ahead of shutdown

·1 views

Binance's once significant bitcoin mining operation has nearly vanished from the network's block-production rankings. The pool managed to find only a single block over the course of one week. The decline comes as the exchange prepares to close the pool on November 10. The sharp drop signals how far the operation has fallen before its scheduled end.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Two rival Ethereum proposals aim to prevent Glamsterdam from breaking existing contracts

Two competing proposals have been put forward to address a risk tied to Ethereum's planned gas changes. The concern is that these changes could break smart contracts that already exist on the network. The proposals take different routes, one focusing on what contracts are able to observe and the other on what users are charged. The article provides few further details beyond this core framing of the competing approaches.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin dips then rebounds amid Nvidia cheating scandal and failed Iran talks

Bitcoin experienced sharp price swings that once again wiped out leveraged bullish bets worth millions of dollars. The volatility followed a drop before the price rebounded. Market sentiment was reportedly shaken by an Nvidia cheating scandal and the collapse of talks involving Iran. The article offers limited detail beyond these headline factors and the scale of the liquidations.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

What election results could mean for crypto, according to CoinDesk's State of Crypto

CoinDesk's State of Crypto newsletter examines the implications of recent election results for the cryptocurrency industry. The piece notes that Democrats performed far better than expected on election night. It raises the question of whether that outcome is necessarily negative for the crypto sector. The article provides limited detail beyond this framing, as the excerpt available is a brief teaser.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Stablecoin supply stalls even as blockchain payment activity surges

Stablecoin supply has grown only marginally so far this year, despite a sharp rise in payments made using these tokens. The gap between the total dollars outstanding and the volume of activity on blockchain networks is becoming more pronounced. Circle's latest earnings report illustrates this divergence. The trend suggests that payment usage is expanding faster than the underlying token supply.

0 comments Read more at CoinDesk