February 25, 2023

Crypto Miner Hive Blockchain Posted Net Loss of $90.4M for Q3 2022

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...
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Another Bitcoin Core Maintainer Steps Down After 7 Years

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”...
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Missouri Citizen Sentenced to 5 Years of Probation After Shooting a Bitcoin ATM: Report

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...
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Trip Hawkins, Founder of Electronic Arts, Enters The NFT Gaming Industry

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...
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Iceland Emerges as the Most Stable Bitcoin Mining Jurisdictions (Report)

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...
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NFT Space in Hot Waters-One of the Highest NFT Dump by a Whale Recorded 

Blur token has created a huge buzz within the markets in recent times as it remained one of the most popular tokens throughout the week. Now that the token is set for the second airdrop, a fascinating whale transfer has been recorded. Interestingly, the whale was just not transferred but dumped off booking some profits. ...
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Wormhole Bridge Exploit: $140M Worth Stolen Assets Recovered

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...
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How AlienFi is Disrupting the Crypto Trading Landscape on Arbitrum?

How you may keep a track of the scams happening in the crypto? Many concerns concerning crypto assets can be alleviated with the help of tighter bank regulation, worldwide standards development, and financial oversight. The failure of one of its main platforms has further upended the already unstable world of cryptocurrencies and underlined the dangers...
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Crypto Industry Lost Over $650B After Two Major Scandals in 2022: BIS

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...
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Block’s Shares Jumped 7% Despite Declining Q4 Bitcoin Revenue

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...
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