The Bitcoin mining firm Hut 8 in Canada is merging with US Bitcoin (USBTC). A new organization that will have major effects on Bitcoin mining and high-performance computers has been given the go light by the Supreme Court of British Columbia. The merger, which was announced in February 2023, was
September 18, 2023 2 mins read
As a more affordable and scalable approach to owning digital collectibles, Magic Eden, a marketplace for NFTs, has announced its support for Solana’s compressed NFTs (cNFTs). Compressed and held off-chain, cNFT data is what sets them apart from regular Solana NFTs. Since there are less costs associated with minting them,
September 16, 2023 1 min read
Mark Cuban, billionaire businessman, allegedly had one of his hot wallets emptied of about $870k worth of cryptocurrency. On September 15 at about 8 pm UTC, a blockchain investigator Wazz initially noticed the exploit after drawing attention to unusual activity in one of Cuban’s wallets that he hadn’t used in
September 16, 2023 1 min read
After being investigated and hit with a large fine, South Korean crypto lender Delio is reportedly getting ready to file an administrative lawsuit against authorities over its misinterpretation of the law. The local media said that Delio stated the Financial Service Committee’s (FSC) claims of fraud and theft are unfounded.
September 14, 2023 1 min read
The KASIKORN Business-Technology Group (KBTG), a tech division of KASIKORNBANK (KBank), has launched KXVC, a $100 million USD flagship fund aimed at global entrepreneurs in the fields of Deep Tech fintech, web3, and artificial intelligence with potential synergy in APAC. With a population of over 680 million people and a projected
September 14, 2023 2 mins read
U.S. SEC Chair Gary Gensler went on to criticize the crypto industry today during a Senate hearing with lawmakers, but he would not provide any hints as to the agency’s plans regarding the numerous applications for Bitcoin spot ETFs that it is presently evaluating. Senator Bill Hagerty (R-TN) questioned Gensler
September 13, 2023 1 min read
The founder and ex-CEO of defunct cryptocurrency lender Celsius, Alex Mashinsky, has filed a fresh application in court asking for the U.S Federal Trade Commission (FTC) action against him to be dismissed “in its entirety.” The ex-CEO of Celsius had his lawyers contend that there is insufficient evidence to prove
September 12, 2023 2 mins read
Particle Network, a provider of Web3 infrastructure, has released V2 of its Wallet-as-a-Service (WaaS) solution. With the most recent version, significant improvements were made to privacy, user experience, and transaction efficiency, making it the most cutting-edge web3 product of its type. With an emphasis on future-proofing web3 infrastructure, V2 was created to
September 12, 2023 2 mins read
Lawyers for FTX ex-CEO Sam Bankman Fried (SBF) have asked for him to be released from federal prison before his trial because of a lack of reliable internet access there. The defense team for SBF claimed that a slow internet connection prevented them from properly preparing their case. The legal
September 12, 2023 2 mins read
PEPE’s official twitter account shared an update today that the Pepe Telegram account had been compromised. Pepe Coin, a meme coin has been trending as of late, thanks in large part to disagreements among the project’s original developers and a $15 million heist of more than 16 trillion PEPE tokens.
September 9, 2023 1 min read