China makes a comeback in the Bitcoin mining scene

New Bitcoin (BTC) mining data from the Cambridge Centre for Alternative Finance (CCAF) has revealed that China has resurfaced as a leading mining hub. This resurgence comes after the country banned BTC mining in the past year, citing BTC’s Proof-of-Work (PoW) consensus mechanism, which is energy-intensive. According to CCAF, China’s ban on BTC mining saw…

Bears vs Bulls: Crypto media pros share their crypto market predictions

The first live CryptonitesTV episode gathered a panel of crypto media professionals to debate the current conditions in the industry and offer predictions for the future of the crypto market. Filmed on May 6th at the Coin Bureau conference in London, the panel was hosted by Cryptonites’ Alex Fazel and hosted guests Maren Altman, That…

New Exodus Wallet browser extension includes ‘unlimited access’ to Solana

Exodus has announced a new multi-chain crypto browser extension. Users can now “easily explore and navigate the world of DeFi” through their Chrome and Brave browsers. Typically, browser extensions cater to a single ecosystem. However, in the case of MetaMask, minor changes in the settings allow the wallet to be used with multiple chains, such…

US Federal agencies warn businesses against mistakenly hiring North Korean hackers

The Federal Bureau of Investigations (FBI) has alerted the general public and businesses against unwittingly hiring North Korean IT workers. In a joint statement released with the U.S. Department of Treasury and Department of State, the federal agency stated that doing so could result in sanctions from the UN and the U.S. and reputational damage….

Terra faces litigation from South Korean investors over failed UST investment

After the abrupt crash of Terra’s UST last week, a popular South Korea-based law firm, LKB & Partners, is set to sue Do Kwon on behalf of South Koreans who invested in the asset, according to local media reports.  The law firm is applying to the Seoul Metropolitan Police Agency to seize all Do Kwon’s…

Animoca Brands co-founder says web3 is growing despite the recent crypto crash

Animoca Brands co-founder Yat Siu believes the web3 ecosystem continues to expand rapidly despite the recent turmoil in the crypto markets, according to an interview with Bloomberg’s Stephen Engle on May 18. Siu said the recent crash in the crypto market is not similar to the 2018 rout. He highlighted that Bitcoin (BTC) was trading…

Axie Infinity targeted in another hack, this time via discord bot

Axie Infinity has announced on its Twitter page that there was a compromise of the MEE6 bot on its Discord server. The MEE6 team has denied that there was an attack on its bot. The MEE6 bot is quite popular on Discord, with many servers using it for automating messages and other functions.  Axie Infinity…

Ledger launches browser extension to enable direct connections to Web3 apps

Popular hardware wallet Ledger will add a browser extension to Safari Wallet. The Ledger Connect extension will make it possible for users of the hardware wallet to connect to Web3 apps directly without relying on third-party apps. The Ledger Connect includes a security layer called Web3 Check that’ll flag suspicious apps for users. Ledger will…

CZ on Terra LUNA collapse: ‘This is what diamond hands looks like’

In the wake of the Terra ecosystem implosion, Binance boss ChangPeng Zhao (CZ) commented, “this is what diamond hands look like,” about the 15,000,000 LUNA tokens Binance had received as part of the company’s $3 million investment in Terra. At their peak, the tokens were worth $1.6 billion, but as of May 18, they are…

Is the GameFi Bubble About to Burst? | 2022 Q1 GameFi Industry Report

The crypto market saw a significant decline in 2022, but not all sectors faced the same trajectory. In 2022, the funding market has shown to be very active, with capital flowing into the GameFi industry at an unprecedented rate. The overall Q1 funding amount of the GameFi rose 194.19% year on year, with start-up game…