Tag Archives: social

Most residents of McLouth, Kansas, reportedly criticized the potential construction of a cryptocurrency data center about a mile and a half north of the town.  Their main concerns are that the facility will harm the local environment and be very loud.  Not a Warm Welcome According to recent coverage, many residents of the small town of McLouth have frowned upon the possible construction of a cryptocurrency data processing center on top of a nearby natural gas field. Paul...

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...

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...

Bitcoin didn’t react well to the latest PCE data coming from the US and dropped by almost a grand to a ten-day low. The altcoins also sit deep in the red, with the most substantial losses coming from MATIC, DOT, UNI, and others. Bitcoin Fell to $23K The end of last week went a lot better than this one as BTC skyrocketed by double-digits to chart a six-month high above $25,000. It failed to decisively overcome that line at first but kept trying. However, all three attempts saw...

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...