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Bitcoin Mining Became Greener and More Efficient in 2022

Despite much turmoil in 2022, the Bitcoin mining industry’s hashing technology only continued to grow more efficient throughout the year, according to a new survey from the Bitcoin Mining Council (BMC).  The industry also grew marginally greener, retaining a sustainable energy mix of over 58%. Bitcoin is Green, Says BMC In a press release on Thursday, the BMC confirmed that its members’ hashrate has increased from 95 exahashes from its inception in Q1 2022 to 119 exahashes by...

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Solana Keeps on Crumbling Due to FTX Ties

Solana – a crypto that’s otherwise known as SOL to its personal holders – continues to shed value given it’s so tied to the fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Fried. Solana Isn’t Doing Too Well FTX is currently in the process of filing bankruptcy. Sam Bankman-Fried is accused of lending out approximately $10 billion in user funds to his other company Alameda Research, which was supposed to be a separate and independent entity from...

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US Feds Confiscate Nearly $700M of Sam Bankman-Fried’s Assets: Report

The United States Federal prosecutors have confiscated nearly $700 million in cash and assets connected to Sam Bankman-Fried, the disgraced founder of FTX. At the heart of the seizure are the 55 million Robinhood shares owned by Bankman-Fried and Gary Wang, valued at over $455 million. The ownership of the shares has been disputed even by BlockFi and FTX creditor Yonathan Ben Shimon who laid claims over them. The Feds, for one, believe they were purchased using allegedly...

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Crypto Market Cap Reclaims $1T as SOL, OKB, APT Explode by Double Digits: Weekend Watch

Bitcoin soared by roughly $2,000 in the past several, charting its highest price position since mid-September. The altcoins are well in the green as well, with some, such as SOL and OKB, posting massive double-digit price increases. Bitcoin Sees 18-Week High The latest bitcoin surge came amid five bullish on-chain factors provided by CryptoQuant earlier this week. The asset had calmed after touching $21,600 and had retraced to just under $21,000. The bulls had a battle that...

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$300M Shorts Liquidated as Bitcoin Soars to 18-Week High

After a few days of trading sideways and even slipping below $21,000, the bitcoin bulls returned on Saturday morning to push the asset to its highest price tag since September 13. With most altcoins well in the green as well, the number of liquidated short traders has soared. The start of 2023 continues to bring good news for the bitcoin bulls, which were quite dishearted following the painful 2022. However, BTC had added over $5,000 in the first few weeks of the new year and...

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CleanSpark Kicksoff 50MW Bitcoin Mining Expansion

Bitcoin mining company – CleanSpark – has started the construction of the second phase on a site in Washington, Georgia, that is set to accommodate 16,000 miners. This move is expected to increase its hash rate total to as high as 8.7 EH/s, thereby contributing an additional 2.2 EH/s. In the new phase, the mining machine fleet will include – Antminer S19j Pro and Antminer S19 XP – which are considered to be the latest and most power-efficient models of such machines currently...

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A Car Crashed Into the Barricade of SBF’s Current Home, Lawyers Said

The lawyers of Sam Bankman-Fried (SBF) цлаимед that three men drove their vehicle into a metal barricade outside his parents’ house in California.  The family of FTX’s former CEO recently admitted becoming a target of “intense media scrutiny, harassment,” and even physical threats. The Security Incident The gigantic crash of FTX caused multi-billion investor losses and turned SBF into one of the most infamous figures in the cryptocurrency space. The US authorities accused the...

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Genesis Has $226 Million in Claims Against FTX

Genesis – a top crypto lending unit that filed for bankruptcy on Thursday – was listed as FTX’s top unsecured creditor within the exchange’s own bankruptcy documents.   The firm has an unliquidated claim against FTX worth $226 million.  Per FTX’s Thursday filing, the defunct exchange has ten customers to whom it owes over $100 million each.  While an earlier version of the filing already showed claims from FTX’s top 50 creditors, the revised version has revealed the names of...

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Scam Alert: Fraudsters Created a Fake FTX 2.0 Token to Dupe Users

Scammers have created a fake FTX token, dubbed FTX 2.0, to impersonate the now-bankrupt crypto exchange less than 24 hours after the company’s new CEO announced that the platform could be revived. According to blockchain security firm PeckShield, the bad actors sent the tokens to the FTX exchange, pretending to add liquidity before airdropping them to other crypto exchanges. The aim is to lure users into clicking fraudulent links that drain or burn their account balances....

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Bitcoin Surges Past $22k Triggering Another $250 Million in Liquidations

Bitcoin is continuing its weekly rally with a push beyond $22,000, bringing the crypto market back to a market cap of over $1 trillion.  The pump has triggered another avalanche of liquidations across digital asset exchanges. Bitcoin traded for roughly $21,380 at 19:45 UST on Friday, before pumping by $1000 to $22,370 by 21:00. The pump has only continued since then, with the top asset going for $22,615 at writing time.  Meanwhile, Ether has pumped from  $1590 to $1651 within...

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