Riot, a leading Texas Bitcoin mining company, scaled down its power consumption to aid the state’s hard-pressed electrical grid. Exchanging mining profits for a staggering $31.7 million in energy credits, Riot’s effort helped the state narrowly avoid a major power outage amid a scorching summer. As Texas grapples with another summer of blistering heat, the […]
Fourth FTX Executive Pleads Guilty In FTX Fraud Case
Ryan Salame, a former high-ranking executive at the crypto exchange FTX, has entered a guilty plea in connection with criminal charges related to the extensive fraud case involving FTX’s founder, Sam Bankman-Fried. As part of the agreement, Salame has agreed to forfeit $1.55 billion in assets and pay a $6 million fine. Another Witness Against […]
Bitcoin Network Congestion: Unpacking Impact of FOMO and Satoshis Minting
The Bitcoin network, a decentralized marvel of modern finance, is currently facing a significant challenge – congestion. According to data from the mempool, there are more than 560,000 transactions awaiting confirmation on the Bitcoin network. This surge in transaction volume is coupled with memory usage that has skyrocketed from 300 MB to a staggering 1 […]
FASB’s Crypto Valuation Reform: A Game-Changer for Institutional Holdings
In a significant crypto development, the Financial Accounting Standards Board (FASB), a leading authority on accounting practices in the United States, has given its nod to a pivotal change in the way companies report their digital asset holdings. This shift towards recognizing digital assets at fair market value promises to reshape the landscape for institutional […]
Coinbase, Circle, Aave, and more partner to launch Tokenized Asset Coalition
Several cryptocurrency industry members have joined forces to launch a new advocacy group, according to a press release on Sept. 7. The new group, called the Tokenized Asset Coalition, aims to have real-world assets represented and circulating on blockchain networks. To that end, the coalition will advocate for the adoption of public blockchains, asset tokenization, […]
Windows tool targeted by hackers deploys crypto mining malware
Software installers affected are mainly used for 3D modeling and graphic design, with French being the most frequent language used in the malware campaign.
Binance POR: Ethereum holdings declined while Bitcoin and USDT steadied
In Binance’s 10th proof-of-Reserves (POR), Ethereum (ETH) holdings decreased, while Bitcoin (BTC) and Tether (USDT) assets remained stable or slightly increased
Crypto Whale Nightmare: $24M Lost in Massive Phishing Scam
An unwitting transaction approval led to a crypto whale’s $24 million nightmare. Continue reading at DailyCoin.
Ripple Co-Founder Slams SEC Chairman And US President For Hostile Crypto Regulations
In a recent interview with Bloomberg Television, Chris Larsen, the co-founder and executive chairman of Ripple Labs, expressed his views on the regulatory environment in the United States and its impact on the blockchain industry. Larsen claimed that San Francisco, once poised to be the “blockchain capital of the world,” lost its status due to […]
iFall: Beijing Batters US Tech, Bonds & Bitcoin Bid
That massive disconnect from rates. Why is it so? Forgetting yields The S&P 500 P/E has moved up despite the increase in yields. The disconnect from rates has been one of the big conundrums in 2023. Let’s look at some charts, and then some possible explanations and lastly if the reversion actually now has started. […]