Cryptocurrency

Uniswap Launches Unichain: Enhanced Layer-2 Blockchain for Rapid DeFi Trading

Uniswap Labs revealed on October 10th that Uniswap, the prominent decentralized exchange (DEX), has unveiled its own application-specific layer-2 blockchain network named Unichain. This innovative network, currently in the testing phase, is designed to offer accelerated and cost-effective transaction processing, along with advanced interoperability capabilities across various blockchain networks, as stated by Uniswap. As of…

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Global blockchains

Bitcoin’s Decentralized Nature Stands Out Among Cryptocurrencies, Says Tether CEO

During an interview with Cointelegraph at the Bitcoin-only conference, BTC Prague, Tether CEO Paolo Ardoino highlighted the unique nature of Bitcoin among the vast array of cryptocurrencies. Ardoino emphasized the distinctive decentralized nature of Bitcoin that distinguishes it from over 14,000 other cryptocurrencies, making it the only currency that operates without central control. “Bitcoin stands…

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Global blockchains

Bitcoin Mining Landscape: Navigating Record Highs in Difficulty and Hash Rate Amidst Anticipated Halving in 2024

The Bitcoin mining difficulty level has recently surpassed 80 trillion. The mining difficulty level is an estimate of the difficulty of solving the cryptography level in the mining process. The hash rate of the Bitcoin network, which is a measure of the total computational power used by miners, has recently reached 562.81 exahashes per second…

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Global blockchains

Ethiopia’s Bitcoin Mining Venture Sparks Controversy with Hong Kong Data Centre Partnership

There’s new speculation going around the collaboration between the Hong Kong data centre and the Ethiopian government. This collaboration is taking a turn towards Bitcoin mining and other related activities. A memorandum of understanding has been signed between Data Centre Service, a Hong Kong West data subsidiary and Ethiopian Investment Holdings. Ethiopia and West Data…

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