Three individuals face charges for orchestrating a massive SIM-swapping scam from FTX, Bloomberg reported on Thursday. This siphoned more than $400 million from the cryptocurrency exchange in the run-up to the FTX bankruptcy. Shortly after FTX’s bankruptcy filing in November 2022 and Sam Bankman-Fried’s resignation, hackers reportedly drained funds from the platform. Only to be funneled […]

After tracking electricity consumption from the United States Bitcoin mining activities, it was reported that the industry takes as much as 0.6% to 2.3% of the entire electricity consumption in the country as of 2023. Massive Electricity Consumed by Bitcoin Miners The U.S. Energy Information Administration (EIA) released a report that detailed the amount of […]

Open Exchange (OPNX), previously known as Coinflex, has announced its closure this February. Once a hub for crypto derivatives and claims trading, the platform is winding down its operations. In a recent communication, the OPNX team expressed gratitude to its community and outlined key dates for its user base.  According to the email, users must […]

Crypto markets might have to brace for a dented investor sentiment in the future. In a disappointing turn of events, the US manufacturing output data came in higher than expected on Thursday. The data further cemented the idea that the Federal Reserve might take a step back before cutting rates in the future. US manufacturing […]

A new filing with the United States Securities and Exchange Commission (SEC) confirms that asset management firm Valkyrie has adopted BitGo as a custodian for its spot Bitcoin ETF. Valkyrie’s Spot Bitcoin ETF Now Have Two Custodians Valkyrie’s BRRR, whose volume recently soared by up to 12%, previously leveraged only the Coinbase Custody service. Per […]

As a subsidiary of Digital Currency Group, Genesis Global Holdco has agreed to be held liable and pay $21 million by the SEC. This agreement follows the case of a lawsuit related to a troublesome lending program, being thus one of the key parts in the ongoing drama of Genesis’s financial and legal struggles. Genesis […]

Crypto analytics firm Chainalysis has pushed out a new report that suggests that 53.4% of ERC-20 tokens listed on decentralized exchanges (DEXes) in 2023 accounted for crypto pump and dump schemes. Thousands of Tokens Features in Pump and Dump Schemes According to data from Chainalysis, within the twelve months of last year, a total of […]

The AI industry has seen consistent growth in the past couple of years. The incorporation of artificial intelligence by big tech giants has seen an upward trend, making the industry heavyweights focus their growth strategies on AI. Market strategist at Crossmark Global Investments believes that Microsoft is well placed above its peers to cash in […]

Under the shadow of banking sector fiascos and cryptocurrency market swings, Arthur Hayes, former CEO of BitMEX, has pointed out Solana (SOL) while driving attention to a potential bullish rally for the crypto. Following the rocky history, particularly since the FTX disaster that Solana had faced, Hayes’ recent commentary brings a wave of fresh hope […]

Senator Elizabeth Warren and a coalition of lawmakers have intensified their campaign against crypto-related fraud and money laundering. During a recent Senate Banking Committee hearing focused on addressing scams within the banking system, Warren highlighted the critical need for legislation to curb the misuse of digital assets. Elizabeth Warren Advocates for Stricter Crypto Laws Senator […]