One of the leading bitcoin mining companies – Core Scientific – mined 1,356 BTC in November and 1,435 BTC in December. It also boosted its self-mining hashrate from 15.4 EH/s to 15.7 EH/s. The positive performance comes even though the company filed for Chapter 11 bankruptcy protection at the end of December last year. Over...Read More
Nikhil Wahi – brother to former Coinbase product manager Ishan Wahi – has been sentenced to 10 months in prison following his guilty plea to leveraging his familial connection for insider trading of crypto tokens. The accomplice will be forced to return the $892,000 he generated in profits from those trades. “A Terrible Mistake” In...Read More
The Office of Foreign Assets Control’s (OFAC) tryst with the crypto industry dates back to 2018 when it designated two Iran-based individuals of malicious cyber activity. There has been no looking back since. More recently, the bombshell announcement that the US Treasury Department banned American citizens from using Tornado Cash, has had industry leaders abuzz....Read More
BlockFi said it plans to disclose assets and liabilities, as well as statements of certain payments made by the platform to insiders and other parties prior to its bankruptcy filing in November. In the latest update, the embattled crypto lending announced it would file both its Schedules of Assets and Liabilities and its Statement of...Read More
Polygon founder Sandeep Nailwal has unveiled the first 13 Web 3 companies to participate in Beacon, his newly launched startup accelerator. The team has confirmed that companies involved in the next cohort will each receive $250,000 in support, for an $8 million post-money valuation. Fostering Web3 Growth Nailwal announced Beacon’s launch late last year, with...Read More
Woo Network is a DeFi liquidity provider for institutional platforms and has attracted equity investments from backers like Binance. Revamped Tokenomics for Woo The Woo Network tokenomics revamp involves a series of improvements to its token distribution, the team announced on Monday, (January 10, 2023). These improvements are part of efforts to address issues regarding...Read More
The public spat between Barry Silbert, CEO of the Digital Currency Group (DCG), and Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, hit a new low on Tuesday when Winklevoss demanded that DCG’s board fire Silbert for being “unfit” to lead the company. He started by writing, “I’m writing to let you know that Gemini...Read More
Interactive entertainment has become a very popular concept in virtually every form of entertainment. The gaming industry is the most prominent part of the concept as developers try to create immersive experiences for gamers. With the current play-to-earn blockchain gaming trend, gamers are clamoring to get into some of the most profitable games. However, these...Read More
Gemini co-founder Cameron Winklevoss has called on the Board of Digital Currency Group (DCG) to immediately remove CEO Barry Silbert According to Winklevoss, the DCG chief executive made false and misleading statements regarding the financial status of crypto brokerage firm Genesis. In an open letter on Tuesday (January 10, 2022), Cameron Winklevoss, speaking on behalf...Read More
U.S FED’s Chair, Jerome Powell is going to speak at the Sveriges Riksbank International Symposium on Central Bank Independence, while the crypto markets and the stock market investors are presently clueless. Most analysts believe the markets could turn extremely volatile as the Bitcoin price is expected to rise slightly and after it hits $17,500, massive...Read More
Unlike FTX Group executives Caroline Ellison and Gary Wang, who pleaded guilty earlier during the investigation, Nishad Singh – the former chief engineer of the defunct crypto exchange – doesn’t have any charges leveled against him. However, as previously reported by CryptoPotato, Singh’s GitHub appeared to be tied to FTX’s secret Korean account, which was...Read More
The US-based cryptocurrency exchange Coinbase will reduce its workforce by around 950 people. The firm had previously laid off 18% of its employees due to adverse macroeconomic conditions. Brian Armstrong – CEO of Coinbase – said they had taken the “difficult decision” to dismiss 950 of its team members as part of the company’s long-term...Read More
The highly anticipated Flare airdrop has begun. In addition to our already live futures contract (FLRUSDTH23), BitMEX users will be able to trade FLR with up to 50x leverage via two new listings – FLRUSD and FLRUSDT – from 04:00 UTC tomorrow. If you haven’t yet signed up for a BitMEX account, you can do...Read More
Ethereum’s Shanghai upgrade seems to be just around the corner. The core change that will be implemented after it’s through will be that ETH stakers will be able to withdraw their cryptocurrency currently locked in the ETH 2.0 smart contract. At the time of this writing, the Beacon Deposit Contract holds almost 16 million ETH,...Read More
In a surprising turn of events, Logan Paul deleted his response video targetting Coffeezilla’s series on CryptoZoo, where he accused the latter of spreading misinformation and even threatened to take him to court. From posting sketches on Vine to transitioning to YouTube and even fighting in the WWE, controversy and legal issues have followed Logan...Read More
Crypto’s newest narrative is liquid staking, as platforms and tokens have been taking off recently. Ethereum will go through the Shanghai upgrade in March, which releases ETH staked on the Beacon Chain. Industry analysts believe this will be good news for liquid staking protocols as they offer better incentives and yields. As opposed to direct...Read More
Our new monthly Bitcoin futures contract – XBTG23 – is now live, and began trading at 04:00 UTC on 10 January 2023. You can start trading XBTG23 here, or read on to learn more. If you haven’t yet created a BitMEX account, you can do so here. Our Current Bitcoin Futures Contracts For the listing...Read More
The current spike in the trading of alternative cryptocurrencies has prompted the dominance of the altcoin market, which refers to the percentage of the cryptocurrency market made up of altcoins (cryptocurrencies other than Bitcoin), to reach 50%. The community as a whole is excited about this trend, but some experts are already predicting that it...Read More
Cryptocurrency projects obtained 42.5% less funding in 2022 compared to what they received in 2021. Still, last year’s capital was significantly higher than the figures in 2018, 2019, and 2020. Funding in 2022 The crypto winter that hit the digital asset industry in 2022 has triggered a major market decline, an outflow of investor interest,...Read More
Flare – a layer 1 oracle network – has initiated its FLR token airdrop across multiple major exchanges including Binance, OKX, Kraken, Bithumb, UpBit, Kucoin, and BitBank, among others. With 4.279 billion FLR tokens distributed to millions of users, the airdrop marks one of the most large-scale token distributions in crypto history. According to a...Read More
