Fri, July 24

Crypto Payment Processor CoinsPaid Exploited of Over $6 Million

CoinsPaid, a processor of digital assets and cryptocurrency payment ecosystem, is now dealing with another possible crypto fraud, which might lead to a loss of more than $6 million. Users of the CoinsPaid platform have reportedly suffered massive losses due to fraudulent transactions as per information gathered by on-chain researcher

January 6, 2024 2 mins read

Satoshi Nakamoto’s Wallet Receives 27 Bitcoins Worth Over $1M

Only days after the cryptocurrency world commemorated the 15th anniversary of Satoshi Nakamoto mining the Bitcoin genesis block, the anonymous creator of the cryptocurrency, who goes by the nickname “Satoshi,” seems to be back. The wallet address which belongs to Satoshi Nakamoto, has recently received a 27 Bitcoin transfer. On

January 6, 2024 1 min read

Bitcoin Holds Steady Amidst Anticipation of Spot Bitcoin ETF Approval

The asset manager VanEck plans to compensate the Bitcoin core developers once its spot Bitcoin exchange-traded fund application is approved by the U.S. SEC. Ahead of any potential approval of their spot Bitcoin ETF application, VanEck announced on January 5th via Twitter that it would be contributing 5% of its

January 6, 2024 2 mins read

Digital Currency Group Clears $700 Million Debt with Genesis

The short-term loans that Digital Currency Group (DCG) had with the now-defunct Genesis crypto lending platform have all been paid off, according to the venture capital company. On January 6th, DCG verified in a statement posted on X (formerly Twitter) that it had paid all of its debts, including almost

January 6, 2024 1 min read

VanEck Commits 5% Spot Bitcoin ETF Profits to Bitcoin Core Devs

According to asset manager VanEck, which is now in the process of applying for a spot Bitcoin exchange-traded fund with the U.S SEC, they want to give back to the Bitcoin core developers when the fund is approved. In anticipation of the possible acceptance of its spot Bitcoin ETF application,

January 6, 2024 1 min read

Strong U.S Job Market Growth Surpasses Analyst Expectations

According to the latest nonfarm payrolls statistics from the Bureau of Labor Statistics, the United States supposedly gained 216,000 jobs in December. The number of employment created in December was higher than the 199,00 positions added in November, according to the figures released on Friday. More jobs were created in

January 5, 2024 1 min read

Marathon Digital Sets Monthly Bitcoin Mining Record in December

The mining operation run by Marathon Digital Holdings set a new monthly record for Bitcoin output in December 2023. In December, the corporation mined 1,853 Bitcoin, which is a 290% rise over December 2022 and a 56% increase from November. Furthermore, the firm considers this to be the greatest monthly

January 5, 2024 1 min read

Visa Unveils Web3 Loyalty Program for Enhanced Customer Engagement

According to a recent announcement by the digital payment’s behemoth Visa, its new Web3 loyalty program will include interactive treasure hunts and gamified prizes. Brands will be able to build digital wallets on behalf of customers to store reward points and experiences using the customer engagement platform called the Visa

January 4, 2024 1 min read

Bitcoin Price Briefly Recovers After Recent Flash Selloff

Q4 2023 saw record highs across the board for digital asset markets as institutional investors amplified their bullish positions in preparation for the anticipated approval of a spot Bitcoin ETF in the U.S.  Increased optimistic mood prompted by several reasons contributing to good on-chain metrics is detailed in a new

January 4, 2024 2 mins read

South Korea Proposes Credit Card Restrictions for Crypto Transactions

A modification to the Credit Finance Act has been suggested by the Financial Services Commission (FSC) of South Korea, which would significantly limit the use of credit cards for crypto transactions. This is an effort to prevent the possible misappropriation of money and speculative activity. The main goal of the

January 4, 2024 2 mins read