Yet another major North American Bitcoin miner is looking ill-prepared to pay off its debts before the end of the year. This time it’s Iris Energy – a sustainability-focused miner that recently revealed its monthly profits to be well under its interest payment obligations. Iris Energy’s Mining Margins The British Columbia-based firm published an update...Read More
The issuer of the stablecoin USDC – Circle – and the blockchain infrastructure platform – Paxos – received licenses from the Monetary Authority of Singapore (MAS) to offer services in the city-state. The country’s top financial regulator has greenlighted numerous digital asset firms over the past several months, including CryptoCom, Genesis, and Sparrow. Circle’s Authorization...Read More
After the recent v0.15.3. update to the Lightning Network, a critical security vulnerability was discovered by independent cybersecurity researchers that would potentially allow bad actors to stop lnd nodes from parsing transactions. A Lightning Network Daemon (lnd) is a full implementation of a Lightning Network Node, along with the services and plug-ins that allow it...Read More
Crypto-staking platforms have been gaining popularity recently, allowing users to earn a passive income without sacrificing their assets’ liquidity. However, only a few offer the same stability and profitability as Oryen. This new DeFi protocol has started presale with an immersive success, doubling in price in just a few weeks and already spoiling early $ORY...Read More
Nayib Bukele – the Bitcoin-bullish President of El Salvador – has predicted that the central banking model of today’s western economies will eventually give way to a more trustworthy, decentralized system. In an interview with Tucker Carlson that aired on Tuesday, Bukele criticized both the Federal Reserve and the media’s reaction to his country’s Bitcoin...Read More
[PRESS RELEASE – Lisbon, Portugal, 2nd November 2022] The newly formed member-led alliance will support the development of Web3 domains and work to fight bad actors, cybersquatting and domain collisions in Web3 Today, the Web3 Domain Alliance was formed – a new coalition that aims to promote the technological advancement and interoperability of Web3 domain...Read More
Axie Infinity (AXS) was one of the hottest crypto projects in 2021, as the gaming community stampeded into the play-to-earn blockchain sector. The Axie game became the top destination, with many early investors becoming rich from the project’s token and NFTs. The game has seen a change in fortunes with some suggesting the good days...Read More
Elon Musk is officially in charge of Twitter, and he has already made several big-time changes, including a monthly subscription. The rumors on whether the billionaire will implement Dogecoin payments started emerging immediately, and he only strengthened them. It’s been less than a week since Musk’s acquisition of Twitter was completed after several months of...Read More
The cryptocurrency exchange BitMEX reportedly plans to cut its staff by 30% in the latest example of industry companies laying off employees. The reports come a week after CEO Alexander Höptner stepped down from his role. The ongoing bear market has triggered a dismissal spree in numerous crypto-related companies, and the Seychelles-based derivatives trading venue...Read More
[PRESS RELEASE – Vienna, Austria, 2nd November 2022] Riddle&Code, one of Austria’s fastest-growing startups, has established a new path of digitalization for industrial companies with its evolved purpose – onboarding industries to Web3. For many industrial companies, it is challenging to transition into the new standards and find their way in the Web3 universe, often...Read More
[PRESS RELEASE – London, United Kingdom, 1st November 2022] Kinesis Money, the digital asset utility platform, launched the Kinesis Virtual Card, enabling the global community to spend their crypto holdings in real-time, with instant fiat conversion, anywhere in the world. Powered by BAANX, the Kinesis Virtual Card introduces cryptocurrency as a monetary alternative to over...Read More
The popular cryptocurrency options exchange, Deribit, has seen its hot wallet exploited for a considerable $28 million earlier today. According to a statement from a company’s spokesperson shared with CryptoPotato, the funds are safe, and the loss has already been compensated by their reserves. Deribit took it to Twitter earlier today to reveal that its...Read More
The market downturn has hit digital asset companies across the board, and a large number have resorted to job cuts to remain viable in the current difficult market conditions. The latest to join the lay-off bandwagon is Michael Novogratz-founded Galaxy Digital. Lay-Off at Galaxy Digital Media reports said the New York-based crypto financial services company is...Read More
Crypto markets have gained more than 9% over the past week, sending total capitalization back over the $1 trillion level again. Some crypto assets have performed better than others, and Ethereum has been making more gains than its big brother over the past seven days. During the rally, which began on Oct. 25, Ethereum gained...Read More
Terra luna classic is now trading at 0.00023 with a 3% decrease in price over the past 24 hours. A severe downswing appears to be largely imminent as the bears appear to have tightened their grasp and try to tear LUNC price down. Since yesterday, the price has moved in a downward direction and has...Read More
Ethereum (ETH) was on an absolute rampage to finish October with 20% 7D gains and record ETH short liquidations. Adding to the Web3 blockchain’s tailwinds, Alphabet Inc.’s Google just unveiled Blockchain Node Engine with support for Ethereum. In Blockchain Node Engine, Google boasts a fully managed node-hosting service for Web3 developers. Google Cloud touts Cloud...Read More
