Canaan, a Chinese Bitcoin miner, and producer of application-specific integrated circuit (ASIC) mining devices, reported an annual decline in revenue of 82.1% to $56.8 million in its most recent filing with the United States Securities and Exchange Commission (SEC) on March 7. In Q1 2022, Canaan reported a decrease in
March 8, 2023 1 min read
As a follow-up to the successful VET 1.0 and VET 2.0 protocols, VeChain has issued the necessary whitepapers for the impending VET 3.0. The paper was sent to the HiVe and detailed the steps to be taken in the next protocol. In other words, it was created to help the
March 7, 2023 1 min read
For masterminding a $100M crypto fraud scheme, the U.S. Securities and Exchange Commission (SEC) stated Monday that it had filed an “emergency action” against Miami investment advisor BKCoin and one of its owners, Kevin Kang. “It successfully obtained an asset freeze, the appointment of a receiver, and other emergency relief,”
March 7, 2023 1 min read
In an effort to “reinvent” the online entertainment sector. Crypto casino Roobet announced on March 1 that it has partnered with legendary rapper Snoop Dogg. Roobet claims that the partnership with Snoop Dogg would “shake up the industry and bring players a one-of-a-kind gaming experience.” Because of the rapper’s extensive
March 6, 2023 2 mins read
The Pakistan Banks’ Association (PBA) and Avanza Group have inked a contract for the creation of a blockchain-based KYC platform. The latter group brings together firms that provide cutting-edge banking software, CEM tools, blockchain, and AI. PBA Chairman Muhammad Aurangzeb and Avanza Innovations CEO Waqas Mirza were among those present
March 6, 2023 1 min read
The total number of Shiba Inu (SHIB) burnt during the previous 24 hours is over 43.19 million. And over 23 million of them come from a single trade. A total of 43,192,603 (43.19M) SHIB have been permanently withdrawn from circulation by the community. In a total of nine separate transactions
March 5, 2023 2 mins read
On March 3, Silvergate, a cryptocurrency bank, stated that it will be closing down its digital asset payment network. Citing a “risk-based decision” as the reason for the move. This action was taken after the bank’s shares dropped by 59% in the previous five days on worries that it would
March 5, 2023 1 min read
This past Friday, Uniswap Labs announced the release of a new mobile wallet, only to have Apple’s App Store block it. This mobile application will be completely autonomous and open-sourced. The group claims they submitted the mobile app months ago, but are still waiting for clearance. Meanwhile, Uniswap Labs made
March 4, 2023 2 mins read
Tether, a stablecoin issuer, released a statement on Saturday. This was in response to a Wall Street Journal article on the use of phoney paperwork and shell firms to obtain access to traditional financial institutions. The USDT issuer dismissed the news as further false information directed towards it. Tether wrote
March 4, 2023 1 min read
Users of The Sandbox, a blockchain-based metaverse firm, have been issued a security alert due to a malware programme. An outsider breached an employee’s computer and utilized the information it acquired to send a phishing email. Purporting to come from The Sandbox, according to a company blog post. The Sandbox
March 3, 2023 2 mins read
