drop

Crypto.com Slashes Card Rewards, CRO Tokens Drop 11% as Community Reacts

Crypto.com Slashes Card Rewards, CRO Tokens Drop 11% as Community Reacts

“Staking CRO tokens enabled rewards for users and incentivized the use of their debit card,” shared Edson Ayllon, Product Manager at dHEDGE, in a Telegram message. “Reducing cashback rewards reduced the intrinsic value proposition of CRO. “This is similar to how DeFi protocols use liquidity mining to attract assets. It’s often intended to bootstrap liquidity, …

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Nayib Bukele Is Not the Bitcoin Hero We Need

El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says

El Salvador bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter. “Some guys are selling really cheap,” he added in his tweet. It is difficult to verify such claims on the public blockchain, since a buyer of a block of BTC that size would almost certainly have to buy …

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Robinhood expects revenue increase despite drop in PFOF in Q2

Robinhood expects revenue increase despite drop in PFOF in Q2

It looks like payment for order flow is becoming less important to the now-public stock and crypto brokerage Robinhood, according to data compiled by The Block.  During the second quarter of the year, Robinhood reported in a 606 filing with the Securities and Exchange Commission that it brought in $217 million from payment for order …

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Bitcoin network undergoes largest difficulty drop ever by nearly 28%

Bitcoin network undergoes largest difficulty drop ever by nearly 28%

Quick Take The Bitcoin network’s mining difficulty has decreased, taking into the account the recent drop in hash rate. This latest difficulty adjustment was the largest in its history. The mining difficulty of the Bitcoin network has dropped by 27.9%, as the network adjusts to the massive drop in hash rate. This is the biggest …

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Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

China coal mine accidents may be behind bitcoin’s hash rate drop

Recent security incidents in several coal mines in China appear to have had a ripple effect on bitcoin’s mining hash rate. Over the past two weeks, there have been three security accidents in coal mines in China’s Shanxi, Guizhou and Xinjiang provinces due to gas explosion and flooding, according to Chinese state media Xinhua. The …

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