Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s), terahashes (TH/s), petahashes (PH/s), and exahashes (EH/s). The hash rate indicates how many calculations or The post Why is Bitcoin hash rate so important for its security? appeared first on CryptoSlate.

The Sandbox, a subsidiary of Animoca Brands, has announced a $20 million funding round at a $1 billion valuation cap aimed at expanding its creator economy within the open metaverse. This strategic funding, led by Kingsway Capital and Animoca Brands with participation from LG Tech Ventures and True Global Ventures, will support The Sandbox’s vision The post Web3 gaming platform Sandbox drops valuation by $3 billion as it raises $20 million appeared first on CryptoSlate.

Core Scientific (CORZ) has rejected an “unsolicited” $1 billion buyout offer from CoreWeave, deeming it significantly undervalued and not in the best interests of its shareholders. The proposal, which offered $5.75 per share, came shortly after the two companies signed a series of 12-year contracts for Core Scientific to provide 200 megawatts of infrastructure to The post Core Scientific upholds deal with CoreWeave amid rejecting $1 billion ‘unsolicited’ buyout appeared first on CryptoSlate.

This week, a bill placed on the Senate calendar introduces several provisions that could impact digital asset protocols and tokens. Although it does not explicitly ban digital asset protocols, its broad scope could allow it to become an attack vector for anti-crypto aspects of the US government. The Senate Select Committee on Intelligence passed the The post Senate bill could target crypto protocols due to broad language on digital assets appeared first on CryptoSlate.

Robinhood has announced its agreement to acquire global crypto exchange Bitstamp for approximately $200 million in cash. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to be finalized in the first half of 2025. Barclays and Galaxy Digital Partners were exclusive financial advisors to Robinhood and Bitstamp, respectively. Bitstamp, founded in The post Robinhood’s $200 million Bitstamp acquisition aims to expand global crypto footprint appeared first on CryptoSlate.