Bitcoin Mining Revenues Plunge to 11-Month Low Amid Increased Challenges
Bitcoin mining activity has seen a significant downturn in profitability, recording the lowest monthly revenue since September 2023. Last month, miners generated $827.56 million, a sharp 10.5% decrease from July’s…
Canadian Court Mandates Repayment of $1.2 Million Bitcoin Loan
In a landmark case that underscores the evolving legal landscape surrounding cryptocurrencies, the Supreme Court of British Columbia has ruled in favor of Hung Nguyen, ordering Daniel Tambosso to repay…
Bitcoin’s On-Chain Indicator Approaches Key ‘Buy’ Signal Amid Market Fluctuations
Bitcoin is approaching a pivotal point according to a widely recognized on-chain indicator, which is causing excitement among crypto traders about potential buying opportunities. This development comes as the cryptocurrency…
Crypto Exec Says Elderly Withdrawal Attempts Prompt Immediate Contact for Scam Prevention
Crypto exchange vigilance has become a cornerstone in the battle against digital fraud, with a focus on protecting the most vulnerable groups from sophisticated scams. Adrian Przelozny, CEO of Independent…
Naver and Chiliz Forge Partnership to Launch Crypto Wallet in South Korea
South Korean technology conglomerate Naver has announced the launch of its first-ever cryptocurrency wallet, the Naver Pay Wallet, in collaboration with the sports-centric blockchain, Chiliz. This strategic partnership marks a…
Australia’s Crypto ATM Network Grows 17-Fold Amid Regulatory Scrutiny
Over the past two years, Australia has experienced a significant surge in the number of cryptocurrency ATMs, increasing seventeenfold and marking it as one of the fastest-growing markets globally for…
Nigeria Grants First Cryptocurrency Exchange License, Ushering New Regulatory Era
The Nigerian Securities and Exchange Commission (SEC) has awarded Quidax, an Africa-based cryptocurrency exchange, its inaugural provisional operating license. This landmark decision heralds a new phase of formal recognition and…
TeraWulf Set to Initiate New Bitcoin Mining Operations and Pursues Significant Tech Collaborations
TeraWulf Inc., ranked as the world’s sixth-largest Bitcoin mining company, is gearing up for a significant expansion with the imminent launch of a new Bitcoin mining facility. Set to commence…
Crypto Hacking Losses Surpass $1.2 Billion in 2024
The landscape of cryptocurrency security remains fraught with challenges as hackers have stolen more than $1.2 billion in digital assets so far in 2024. This alarming figure, confirmed through recent…
Donald Trump’s Fourth NFT Collection Nets $2.2 Million Shortly After Launch
United States presidential candidate Donald Trump has once again made headlines in the crypto community with his latest foray into non-fungible tokens (NFTs). His new collection, dubbed “America First,” launched…
Significant Financial Losses as Mbappé’s Hacked X Account Fuels $460M Crypto Scam
Traders experienced substantial financial losses following the hacking of soccer superstar Kylian Mbappé’s X account on August 29, which was used to promote a deceptive cryptocurrency scheme. This incident underscores…
Crypto Scammers Shift from Complex Ponzis to Pig Butchering Techniques
Cybercriminals with a deep understanding of cryptocurrencies are increasingly opting for “pig butchering” scams over the more drawn-out Ponzi schemes, adapting to intensified law enforcement scrutiny. Chainalysis, a leader in…
AI Cryptocurrencies Falter as Nvidia’s Strong Earnings Fail to Meet High Expectations
Following Nvidia‘s release of its second-quarter earnings for 2024, major AI-related cryptocurrencies experienced significant price declines, despite the tech giant surpassing revenue expectations. This downturn reflects investors’ extraordinarily high expectations…
Triple Increase in Inferno Drainer Usage as Crypto Scams Escalate in 2024
As the cryptocurrency market experiences a bullish trend, the utilization of the infamous Inferno Drainer tool among decentralized applications (DApps) has tripled, signaling an intensification in efforts by scammers to…
Indonesia Weighs Telegram Ban Over Insufficient Content Moderation
Recent developments in Indonesia have raised concerns about the future of Telegram within the country. Indonesia, recognized as one of the largest global markets for Telegram, is reportedly considering a…
Crypto.com Teams Up with Standard Chartered to Offer Expanded Global Fiat Services
Crypto.com, a leading cryptocurrency exchange headquartered in Singapore, has unveiled a significant expansion of its global retail services through a strategic partnership with Standard Chartered Bank. This collaboration introduces new…
HashKey Introduces Avalanche and Chainlink Trading for Retail Investors in Hong Kong
Retail cryptocurrency investors in Hong Kong are now privy to a broader range of investment opportunities following HashKey’s recent approval to list Avalanche (AVAX) and Chainlink (LINK) on its trading…
Cryptocurrency Leaders Critique SEC’s Regulatory Notice to NFT Marketplace OpenSea
Leaders and advocacy groups within the cryptocurrency and blockchain industry have expressed strong disapproval following the issuance of a Wells notice by the United States Securities and Exchange Commission (SEC)…
Elon Musk and Tesla Dismissed from Dogecoin Price Manipulation Lawsuit
Elon Musk and his company, Tesla, have recently emerged victorious from a lawsuit that accused them of manipulating the cryptocurrency Dogecoin (DOGE), which purportedly caused investors $258 billion in damages.…
Security Flaw in Circle’s Noble-CCTP Identified and Fixed by Asymmetric Research
On August 27, Asymmetric Research, a Web3 security firm, disclosed the discovery and subsequent resolution of a critical security vulnerability within Circle’s Noble-CCTP, a key component of the USDC Cross-Chain…