The government of Malaysia attributes the region’s exorbitant power bills on Bitcoin (BTC) mining. According to Akmal Nasrullah Mohd Nasir, Malaysia’s Deputy Minister of Energy Transition and Water Transformation, the country’s power supply was depleted by cryptocurrency miners to the tune of $722 million (RM3.4 billion) from 2018 to 2023.
In light of evaluations conducted in the second quarter of 2024, crypto asset manager Grayscale Investments has revealed revised component weightings of crypto assets within its primary funds. Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), Grayscale Digital Large Cap Fund (GDLC), and Grayscale DeFi Fund (DEFG) are the primary
The crypto market has been experiencing a significant bearish trend, with the overall market capitalization dropping by 9% recently, now falling below $2 trillion to $1.99 trillion. Conversely, trading volume has surged by 40% in the past 24 hours. Bitcoin has been hit hard, dropping 7% to a five-month low
A system to continuously monitor cryptocurrency exchanges for suspicious transactions has been created by South Korea’s Financial Supervisory Service (FSS). The FSS announced its collaboration with South Korean digital asset exchanges. In order to put up a mechanism for continuous monitoring of suspicious transactions on July 4. The Virtual Asset
The cryptocurrency market experienced a significant bearish trend over the past twenty-four hours, with the overall market cap decreasing by 4.40%. Bitcoin, the largest cryptocurrency, fell by 4%, dropping to a two-month low of $57,043.96, unsettling investors as it led to a broader decline in altcoin prices. Ethereum, the leading
Today, Mt. Gox initiated small transfer tests at 12:21 UTC+8, involving transactions such as sending 0.0001 BTC to Bitbank’s hot wallet and 0.0001862 BTC to unmarked addresses. These activities highlighted the anticipated distribution of 140,000 BTC and 143,000 Bitcoin Cash (BCH) by Mt. Gox, scheduled between July and October. Concerns
Flare, the layer 1 blockchain for data, has announced a collaboration with LayerZero V2, which would link it to 75 blockchains, including Ethereum, Solana, and Ethereum Layer 2 networks. Over 50,000 decentralized apps that have embraced LayerZero’s cross-chain messaging protocols may now utilize Flare, which is a significant milestone for
As regulatory uncertainty continues to cast a shadow over crypto-related firms in the United States, defendants are closely monitoring the outcomes of their peers’ cases, seeking common denominators that could potentially influence their own legal battles. In this context, Attorney Fred Rispoli, a prominent Ripple (XRP) advocate, has recently provided
The GHO stablecoin, managed by Aave’s decentralized autonomous organization, is set to be launched on the Arbitrum blockchain as part of its “cross-chain expansion strategy.” Reportedly, the multi-collateralized stablecoin that is native to the Aave Protocol will use the widely used Chainlink Cross-Chain Interoperability Protocol (CCIP) and will be released
Cardano (ADA) co-founder Charles Hoskinson has voiced his disapproval of the current US administration’s stance on cryptocurrencies. He says that the crypto community has a crucial chance to strategically influence policy with their votes in the next elections. The negative impact of President Joe Biden’s policies on the crypto sector
