Crypto news

After falling by roughly $1,000 and marking a multi-week low beneath $23,000, bitcoin has calmed and sits at just over that line amid low trading volumes. The altcoins are also quiet today, given the trading volumes, aside from the likes of Stacks and Lido Dao, both of which are up by impressive percentages. Bitcoin Flat at $23K Bitcoin tried its hand at taking down $25,000 three times in the past 10 days or so, with the most notable surge coming in the middle of last week as...

Blockchain intelligence company TRM Labs revealed that some major Russian-linked ransomware syndicates rebranded their activities in 2022 to avoid sanctions from Western countries. According to a new report published recently, the rebranding and other significant activities showed notable changes in the cybercrime space and darknet markets (DNMs) after Russia invaded Ukraine. Ransomware Operators Rebranded to Evade Sanctions In the wake of Russia’s invasion of Ukraine,...

Crypto mining saw severe losses last year as prices went south. Several notable players in the space slid into bankruptcy, while others had to take cost-cut measures and shut down branches. This was also reflected in the Canadian cryptocurrency miner Hive Blockchain’s revenue, which halved to $14.3 million in Q3 as compared $29.6 million total it made in the previous three-month period. Hive Blockchain’s Q3 Result According to the official report, Hive said hedging its energy...

Bitcoin’s price has been struggling to break above a significant resistance level and is currently experiencing a pullback, following the recent red days on Wall Street. Is it just a short-term correction or a beginning of a new bearish leg? Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price dropped shortly after getting rejected from the critical $25K level. The 50-day moving average around the $22K level would be the first likely support level,...

Bitcoin developer Marco Falke announced that he has stepped down as a maintainer for Bitcoin Core on Tuesday. There now remain just four maintainers of the protocol: Michael Ford, Hennadii Stepanov, Andrew Chow, and Gloria Zhao. Falke was Bitcoin Core’s single largest contributor, having proposed over 2000 individual changes to Bitcoin’s codebase – aka “commits” – in his lifetime.  During three of his seven years as maintainer, Falke was supported and sponsored by the crypto...

Matthew Klinger – a 51-year-old Jefferson City, Missouri resident – received five years of supervised probation after admitting to shooting a bitcoin ATM with a handgun. It remains unclear whether the machine had any faults, however, he said he did it “so that it could not take money from anyone else.” So Close to a Prison Sentence Recent coverage informed that Klinger arrived at Vapor Maven on Missouri Boulevard in August last year and requested to talk to the general...

Despite the ups and downs of the crypto market, the Web3 and the NFT gaming industries continue to attract the attention of business leaders who are betting on technological innovation to push the whole ecosystem forward. On February 24, Trip Hawkins, one of the founders of Electronic Arts (EA), announced he was joining the Web3 gaming startup Games for a Living (GFAL) as co-founder and chief strategist. GFAL develops a set of tools that allow the development of Web3 games....

The United Kingdom and its finance ministry is planning to lay the groundwork for new digital currency regulations following the collapse of popular digital currency exchange FTX. The United Kingdom Doesn’t Want Another FTX in the Books Financial Services Minister Andrew Griffith commented in a recent interview: Our view is that this reinforces the case for clear, effective, timely regulation and proactive engagement with [the] industry. This includes a proposal to bring...

A woman living in New York City is being accused of using crypto to fund a terrorist organization in Syria. 43-year-old Victoria Jacobs – who also operates under the alias Bakhrom Talipov – is now being charged with terrorism herself, along with money laundering and various other crimes. Victoria Jacobs Is in Big Trouble Jacobs is believed to have given the money to a group called Hay’at Tahrir al-Sham, a foreign terrorist organization currently designated as such by the...

There has been a tremendous transformation in the Bitcoin mining landscape since. Different countries have become the new harbors of miners. One European country has emerged as the world’s largest hash rate producer per capita. Owing to cheap electricity, Iceland is one of the first countries to see industrial-scale Bitcoin mining. According to Bitcoin mining researcher Jaran Mellerud, the country’s entrepreneurial locals can also be attributed to the growth of the sector....