Ishu Aggarwal

Sep 3, 2024 | bitcoinworld.co.in | Ishu Aggarwal |Lars Hoffman

August On-Chain MetricsAugust on-chain metrics Bitcoin Ethereum and other key indicators presented a mixed picture for the cryptocurrency market, according to Lars Hoffman, an analyst at The Block. In his analysis shared via X, Hoffman outlined how August saw a decrease in trading volumes for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), while stablecoin activity reached new highs.

Sep 3, 2024 | bitcoinworld.co.in | Ishu Aggarwal

Hypernative raises $16M Series A in a significant funding round led by Quantstamp, as reported by The Block. Hypernative, a Web3 security firm specializing in real-time risk monitoring to prevent hacks, has now raised a total of $27 million. The fresh capital will be used to expand the company's operations in the Asia Pacific (APAC) region and the U.S., as well as to increase its workforce to support growth across various blockchain networks.

Sep 3, 2024 | bitcoinworld.co.in | Ishu Aggarwal

21.co launches 21BTC Ethereum as a new Wrapped Bitcoin (WBTC) solution on the Ethereum blockchain, according to a report by CryptoSlate. The parent company of 21Shares has introduced 21BTC, a product designed to offer a secure and innovative way to hold Bitcoin on Ethereum without the need for a traditional bridge. This launch comes at a time when WBTC, the leading Bitcoin wrapper, is facing significant challenges, including community concerns and declining demand.

Sep 3, 2024 | bitcoinworld.co.in | Ishu Aggarwal

Solana ETF approvalSolana ETF approval futures market remains a distant prospect, according to Sui Chung, CEO of CF Benchmarks, a leading crypto index provider. In a recent interview with DL News, Chung expressed skepticism about the near-term approval of a spot Solana ETF by the U.S. Securities and Exchange Commission (SEC). He emphasized that the SEC is unlikely to greenlight such an ETF until a robust and regulated futures market for Solana is established.

Sep 3, 2024 | bitcoinworld.co.in | Ishu Aggarwal

Bitfarms BTC production August 2024 saw an 8% decrease, with the company mining 233 BTC, as reported by The Block. The decline in production is attributed to the increased network difficulty, even though Bitfarms managed a 2% rise in its operational hashrate. This development highlights the challenges faced by Bitcoin miners as they navigate the increasingly competitive mining landscape.