Cryptocurrency – Page 117

Serbian lawyers exposed for helping Do Kwon set up shell company post red notice

Ad Serbian lawyers helped Terra fugitive Do Kwon set up a shell company after global authorities issued notices for his capture. Do Kwon arrested The disgraced Terraform Labs co-founder was arrested in Montenegro on March 23 after months of evading authorities following the Terra ecosystem implosion. Investors are estimated to have lost $40 billion. Although…

CFTC sues Binance over alleged breaking of trading and derivatives rules

Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 2 days ago

Nvidia says ‘crypto adds nothing useful to society’ after billions in mining sales

Ad Nvidia’s Chief Technology Officer, Michael Kagan, has expressed a negative view on cryptocurrencies, stating that they do not “bring anything useful for society,” whereas “AI does.” Crypto isn’t ‘useful for society’ According to Kagan, AI applications such as the chatbot ChatGPT have more value than mining crypto. Kagan’s comments are not too surprising given…

Crypto investment products record $160M inflows – breaking six-week negative strike

Ad Digital asset investment products broke its six-consecutive-week of outflows strike and recorded $160 million in inflows during the week of March 20, according to CoinShares report. Last week’s inflows mark the most significant positive movement since July 2022, as the CoinShares data indicates. Crypto-based investment products have been recording outflows since the beginning of…

MicroStrategy acquires Bitcoin worth $150M, makes repayment on Silvergate loan

Accidentally burnt CryptoPunk #685 ‘resurrected’ – becomes first official CryptoPunk Ordinal

Third-most aggressive hash rate adjustment to the upside in the past five years

Launch Zone, BSCex suffer contract vulnerability — over $7M drained

Ad Decentralized exchanges Launch Zone (LZ) and BSCex (BSCX) are suffering contract vulnerabilities — losing over $7.7 million to it already, according to crypto sleuths Scam Sniffer and SlowMist. The vulnerability was detected on Mar. 27 at around 3:00 am UTC, and over 34,000 wallets are at risk, according to data Scam Sniffer shared. The…

Theories abound as Bitcoin hash rate records unprecedented rise

Ad Hodlonaut — aka Magnus Granath — asked the Bitcoin community where the flood of additional hash rate was coming from expressing concern at the recent spike. Granath said he found the pace at which the hash rate is climbing “A little frightening.” Bitcoin hash rate records a new all-time high The hash rate refers…