Here’s something you might have missed amid news this week that cryptocurrency exchange FTX had raised $900 million in the largest ever funding round for a crypto exchange: Binance, an early investor, exited its position. FTX CEO Sam Bankman-Fried and Binance CEO Changpeng «CZ» Zhao, in multiple (separate) interviews, both tried to frame the breakup …
El Salvador’s government could be planning to release a U.S. dollar stablecoin, investigative news outlet El Faro reported Friday. The currency would be issued by the central bank, pegged to the value of the U.S. dollar and backed by reserves of real U.S. dollars. #ElSalvador | El Gobierno de Nayib Bukele planea introducir una nueva …
El Salvador May Launch National Stablecoin: Reports Leer más »
The price of RUNE, the native token of decentralized finance (DeFi) liquidity protocol Thorchain, dropped by about 15% today following yesterday’s attack which saw hackers drain 2,500 Ethereum (ETH) tokens (around $4.8 million at current prices) from the platform’s liquidity pools. At the time of writing, RUNE was trading at around $4.82, down 15.1% over …
Thorchain’s RUNE Token Slides 15% Following Multi-Million Dollar Exploit Leer más »
Greenidge Generation has made millions of dollars mining somewhere between 3.8 to 4 Bitcoin per day at its Dresden, NY facility. Critics have argued the facility damages the local environment, and even undermines New York State’s climate goals. Last week brought further controversy for Greenidge, after NBC News reported on claims that Seneca Lake—which is …
Is Seneca Lake Being Warmed By Bitcoin Mining? Not Quite. Leer más »
Hackers behind ransomware attacks have raked in about $33 million worth of Bitcoin since the start of the year, data by Ransomwhere shows. This amount can rise dramatically should Russian-speaking cybercrime syndicate REvil receive the $70 million it demanded from some 200 US companies hit by a massive ransomware attack earlier this month. A relatively …
Ransomware Attackers Made Off With $33M in Bitcoin This Year Leer más »
Crypto markets took a dip this summer but NFTs, or non-fungible tokens, are as hot as ever. Sales of the tokens—which are touted as unique digital artifacts—totaled $2.5 billion in the first half of 2021, and are still going strong as collectors snap up NFTs of art, sports highlights, and much more. The NFT boom …
Tether Operations, the company behind the Tether stablecoin (USDT) that purports to be fully backed by U.S. dollars, is looking for a reputation manager. The primary duty for the successful candidate is to “Become an advocate for the company in social media spaces, engaging in dialogues and answering questions where appropriate,” according to the listing, …
The United States Treasury’s Financial Crimes Enforcement Network (FinCEN) is upping its focus on cryptocurrency. Michele Korver, who previously worked for the Department of Justice, will be FinCEN’s first Chief Digital Currency Advisor, the government agency said today in a statement. Korver will work to prevent “illicit financial practices and exploitation,” according to FinCEN, which …
Locals living near a Bitcoin mining facility on the shores of Seneca Lake, in upstate New York, have reported alarming rises in the temperature of the water, NBC News reported today. «The lake is so warm you feel like you’re in a hot tub,» according to Dresden resident Abi Buddington. Last month, locals staged a …
Bitcoin Mining Is Turning New York Lake Into a ‘Hot Tub’, Say Locals Leer más »
Tired of Coinbase’s customer support? Help is here, says the crypto exchange, which yesterday blogged about the army of support agents it has hired to address its customers’ snags with the service and outlined more measures yet to come. Since Brian Armstrong founded the company nine years ago, complaints from customers have racked up. In …
Coinbase Has Hired an Army of Support Staff to Keep Customers Happy Leer más »