Crypto news

Oman’s Ministry of Transport, Communications, and Information Technology (MTCIT) has reportedly opened a new data hosting and cryptocurrency mining center in the Salalah Free Zone. The facility’s estimated value is over RO 135 million (more than $350 million). Another country that decided to spend millions of dollars on a crypto mine is Kyrgyzstan, whose center will be powered by a hydroelectric station near the Naryn river. Doubling Down As reported by a local media outlet,...

Hacker groups affiliated with North Korea have become highly active in the digital asset space, relentlessly pilfering funds. Despite a decrease from the record-breaking numbers of 2022, the “hermit kingdom” has continued to concentrate on the cryptocurrency landscape this year. In fact, the stolen funds are being funneled in billions into the country’s nuclear program. North Korea’s Crypto Heists According to a report by local media outlet Asia Today, South Korea’s National...

Crypto exchange Bitstamp has formed a new partnership with Qi Digital to ensure that all companies, banks, and payment providers that work with it can accept crypto as a method of payment. Bitstamp is Making It Easy to Pay with Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like...

The Federal Bureau of Investigation (FBI) announced confiscating approximately $1.7 million worth of crypto assets from March to May in the United States in a bid to combat illicit activities. The seizures were carried out as a result of numerous breaches in federal regulations. The law enforcement agency took control of $147,000 in Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether (USDT), 469,000 in Dai, and $20,000 in Monero (XMR) across Arizona, California,...

Community Made is a Los Angeles footwear company. The firm wants to use blockchain to build out its supply chain and ensure the transparency of all its products and transactions. Community Made is Intrigued by Blockchain The company is now joining hands with Chroma Way in Stockholm, Sweden. Chroma Way is a blockchain firm that will develop the blockchain technology Community Made needs to make its products as viable and as trustworthy as possible. Community Made...

Less than two weeks after the court revoked Sam Bankman-Fried’s bail, his legal team has requested that his freedom be returned to him during weekdays, arguing that the confines of jail are, surprisingly, too restrictive and do not offer him the circumstances necessary to properly prepare for his upcoming trial. Improper Conditions SBF’s eye-watering $250 million bond was revoked on the 11th of August following the leak of Caroline Ellison’s private diary and other...

Mighty Bear Games has joined hands with web3 game developer Treasure to move its “Mighty Action Heroes” series to the Arbitrum blockchain. Mighty Bear Games and Treasure… A Perfect Match? CEO of Mighty Bear Simon Davis explained in an interview: The Treasure ecosystem is built on Arbitrum, and this creates a positive reinforcing dynamic between the chain and Treasure’s own ecosystem. The fact the two are closely intertwined is mutually beneficial and helped make...

Orange prices have been on the rise since 2020, but this August, the commodities futures markets expect them to surge. At the same time, orange juice futures are hitting record highs: “In recent weeks, prices in the OJ futures market have topped $3 per pound. Around this time last year, prices were hovering at around $1.81 per pound. The price increase has been fueled primarily by short citrus supply around the globe.” Imagine how pricey oranges could get if the supply was...

Despite recovering a few hundred dollars since yesterday, bitcoin’s price is still shaky at around $26,000. Most alts have finally turned green, albeit in a very modest fashion, with XRP maintaining the $0.5 line. BTC Shaky at $26K After last week’s uneventful price performance, BTC headed north on Monday and touched $29,700. This came a day before Europe saw the first spot BTC ETF going live on Euronext Amsterdam. While that seems to be bullish news on the surface, the...

On Aug. 15, the Ethereum Foundation listed projects and community events that received funding in Q2. Furthermore, the Foundation spent a total of $9.2 million supporting projects, conferences, and industry research. The largest number of recipients were community and education projects which included more than ten summits and conferences. Time to round up all the projects that received funding last quarter 🤠 Read all about ‘em in our Allocation Update: Q2 2023 blogpost!...