Day: January 20, 2023

Litecoin Mining Hashrate Hits All-Time High, Indicating Positive Price Developments

• The mining hashrate of Litecoin has hit a new all-time high, indicating that miners are finding the blockchain attractive to mine on. • The mining hashrate is an indicator that measures the total amount of computing power that miners have connected to the Litecoin network. • When the value of this metric rises, it […]

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ConsenSys Cuts 11% of Employees Amid Volatile Crypto Market

• ConsenSys, a New York City-based crypto software firm and parent company of MetaMask, is laying off 11% of its employees. • The crypto market lost about $2 trillion in value in 2022 due to rising interest rates and economic jitters. • CEO Joseph Lubin cites “uncertain market conditions” as the cause for the terminations. […]

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