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Bitcoin Miners Face Rising Costs and Dwindling Revenues: What’s Driving the Sell-Off?

MEXC Blog September 17, 2024 Crypto Knowledge

Bitcoin miners are struggling with a rise in mining difficulty and a steep drop in income, which has led to some of them dumping their bitcoins.

The Immutable Nature of Blockchain and the Loss of CryptoPunk #2386: A Cautionary Tale

MEXC Blog September 17, 2024 Crypto Knowledge

CryptoPunk #2386, highly valued at around 600 ETH (approximately $1.5 million), was sold for just 10 ETH (about $23,000) due to an oversight.

BlackRock and Partners Group Partner to Democratize Access to Alternative Assets

MEXC Blog September 17, 2024 Crypto Knowledge

BlackRock and Partners Group have launched a strategic collaboration that seeks to open private markets to a broader range of retail investors.

Nvidia’s AI Chip Proposal Could Impact Saudi Tech Development and Crypto Markets

MEXC Blog September 17, 2024 Crypto Knowledge

The US is considering Nvidia's proposal to export AI chips to Saudi Arabia, potentially boosting AI development and crypto markets.

WazirX Faces Inside Job Allegations Amidst $230 Million Crypto Heist Investigation

MEXC Blog September 17, 2024 Crypto Knowledge

WazirX hack, resulting in a $230M loss, raises suspicions of insider involvement as users seek answers about compromised funds and delayed responses.

US Business Leaders Rally Behind Kamala Harris, Backed by Ripple’s Chris Larsen

MEXC Blog September 17, 2024 Crypto Knowledge

Kamala Harris receives endorsement from 88 top business leaders, including Ripple’s Chris Larsen, CEOs of Yelp, Box, and sports magnate Ted Leonsis.

Russia Leverages Crypto and Blockchain in Bid to Overcome Western Financial Sanctions

MEXC Blog September 17, 2024 Crypto Knowledge

Russia integrates cryptocurrency exchanges like Garantex and Exved into international trade to bypass Western sanctions and develop an alternative financial system.

Crypto Custody Market Grows as Wall Street Eyes Digital Assets Amid Challenges

MEXC Blog September 17, 2024 Crypto Knowledge

Crypto custody services, attracting startups and banks, face growing demand despite regulatory challenges, with US financial firms seeking market entry.