Tag Archives: AA News

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 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....

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....

The Solana-based Wormhole Bridge was hacked for $325 million after the attacker managed to exploit a security flaw, making it one of the largest exploits in crypto history. A year later, a group of white hats, along with two crypto firms, launched a “counter-exploit” against the malicious entities and clawed back a portion of stolen assets tied to the exploit. “Counter Exploit” The counter exploit was jointly conducted by the decentralized finance platform Oasis and Web3...

A recent report by the Bank of International Settlements (BIS) revealed that the crypto industry lost over $650 billion after two major scandals that rocked the market last year. The report titled “Crypto Shocks and Retail Losses” explained investors’ trading behavior during and after the scandals, their profits and losses, and the effects of the crypto market turmoil in the broader financial system. Retail Investors Bought the Dip Last year, the crypto space saw a lot of...

Block (formerly known as Square) – an American multinational technology conglomerate founded by Jack Dorsey – disclosed $1.83 billion of bitcoin revenue generated from its Cash App payment service in Q4, 2022.  The figure was nearly $2 billion in the fourth quarter of 2021, and the company blamed the decline of the crypto market for the downturn. However, Block’s shares climbed nearly 7% after reporting positive overall financial results. BTC Revenue Drops 7% YoY Block’s...

Indian crypto exchange WazirX has wound up its NFT marketplace operations with immediate effect. Currently, the WazirX NFT site displays a message to this effect.  WazirX NFT Sunsetted “The WazirX NFT marketplace has been sunsetted. You can still trade your NFTs on OpenSea,” the message reads.  In a statement on its site, Wazir said despite creating a “safe and secure” marketplace, the business “did not gain much traction.”         “NFTs are decentralized, and owners have...

Coinbase launched its own Layer-2 blockchain yesterday, built in collaboration with Optimism in its OP stack. The new Layer-2 blockchain, named Base, will host many of Coinbase’s on-chain products and offer EVMs at low costs to developers. Piggybacking on Recent News Unfortunately, opportunistic bad actors are once again trying to make a quick buck off of the success of other firms. Not even a day after Base was launched, Solidus Labs announced via their Token Sniffer website...