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Tag Archives: social

Sales of Bitcoin Mining Rigs in Russia Surge in Q4: Report

A new report by Kommersant revealed that sales of Bitcoin mining machines in the country surged rapidly in the fourth quarter, a trend backed by a resurgence of demand, despite the chaotic price action of the crypto-asset. The substantial increase was also spurred by cheap equipment and electricity prices. Chilkoot, which happens to be one of the official distributors of crypto mining rigs in Russia, witnessed more sales during the first two months of Q4 compared to the...

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FTX Crash Could Affect Every F1 Team, Says Mercedes’ Toto Wolff

Toto Wolff – an Austrian billionaire and CEO of the Mercedes-AMG Petronas F1 Team – thinks the collapse of crypto exchange FTX could harm every Formula 1 organization. The trading venue served as one of Mercedes’ sponsors while its logo was visible on the cars driven by Lewis Hamilton and George Russel. However, the squad suspended the agreement after FTX’s severe issues came to light in the middle of November. ‘A Huge Damper for the Entire Industry’ FTX’s immense decay that...

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Zipmex Sees Buyout Offer of $100M as it Secures Creditor Protection: Report

Embattled cryptocurrency exchange Zipmex is all set to be acquired by V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, for $100 million. The venture capital fund is reportedly offering $30 million in cash, and the rest will be paid in crypto tokens. According to Bloomberg, V Ventures will acquire about 90% of Zipmex. The court hearing said crypto received from the agreement will be deployed to gradually unlock customers’ frozen wallets in the platform by early April....

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Multiple SBF Appearances, Fed Chair Speech, and Market Bounce: The Week’s Crypto Recap

The past seven days were filled with a lot of information as the situation around FTX keeps unraveling. The former CEO of the exchange – Sam Bankman-Fried, had multiple appearances, but they may have spurred more questions than they answered. Before we get there, though, it’s important to note that the market managed to add around $20 billion to its capitalization, which is a step in the positive direction. Bitcoin managed to gain 2%, while ETH is up a total of 6% in the past...

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FTX Contagion Haunts Yet Another Crypto Trading Firm

Former FTX CEO Sam Bankman-Fried may have apologized dozen times for the failure of his firm, but there’s no stopping the contagion. Another casualty came in the name of a crypto trading platform – Aurus Global – which is currently facing a “short-term liquidity issue” due to FTX insolvency. Aurus Misses Principle Payment Amount of $3M The algorithmic trading and market-making firm reportedly missed a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance...

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Animoca Brands Unveils $2B Metaverse Fund

Hong Kong-based blockchain gaming giant Animoca Brands is all set to roll out a massive $2 billion fund, dubbed “Animoca Capital,” to invest in metaverse businesses, according to co-founder and executive chairman Yat Siu. While speaking to Nikkei Asia, the exec revealed that the upcoming metaverse fund, which will make its first investment in 2023, will focus on digital property rights. It also seeks to provide opportunities to access Web3 companies. The fund’s investment...

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Decentralized Exchange GMX Flips Uniswap in Daily Revenue for First Time Ever

According to the most recent data, GMX earned more daily revenue than Uniswap, becoming the market leader for the first time ever. Delphi Digital reported that the platform raked in $1.15 million in trading fees, while that of Uniswap stood at $1.06 million. Moreover, GMX is now the fifth-largest decentralized application on Token Terminal’s dashboard, trailing behind already established players such as Ethereum, OpenSea, dYdX, and PancakeSwap. Formerly known as Gambit...

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Uniswap Launches NFT Trading, $5 Million Airdrop Available for Claim

The decentralized exchange Uniswap enabled NFT trading on its platform by listing digital collectibles a part of leading marketplaces, such as OpenSea, LooksRare, Sudoswap, and more. The initiative comes a few months after Uniswap acquired the NFT aggregator Genie. The DEX revealed that as of today (November 30), its users could trade a variety of non-fungible tokens across major marketplaces. It also vowed to airdrop $5 million worth of USDC to previous clients of the NFT...

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Two Criminals Jailed for Stealing From Bitcoin Investors in Dubai (Report)

Two robbers reportedly deceived an Asian investor and his friend with a fake bitcoin scheme and stole nearly $50,000, three phones, and documents from them. The Criminal Court sent the wrongdoers to jail for three years and ordered their deportation once going out of prison. Crime in Dubai According to a recent coverage, the assault happened last July in the Mankhool area of ​​Dubai. Back then, an undisclosed individual and his friend decided to invest in bitcoin and found a...

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Crypto Ransom Demanded to Restore Compromised Servers of Indian Hospital: Report 

India’s largest and most advanced government-run hospital, more popularly known by its acronym AIIMS (The All India Institute of Medical Sciences), suffered a hack of its servers on November 23.  Even as they remained out of order for the sixth consecutive day, a new twist emerged in the ongoing multi-agency investigation and restoration effort.  A leading news agency on Monday claimed that Rs 200 million ($25 million) in ransom has been asked by the attackers to restore...

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