Cybercriminals successfully stole a significant amount of money from the cryptocurrency mining pool BTC.com. Client funds to the tune of $700,000 and corporate funds to the tune of $2.3 million were stolen in the assault on December 3. BIT Mining Limited, the parent company of the mining pool, made the
Bitcoin hashrate which fell on Dec 25th nearly reaching a 39% low in the week started to surge. As per the CoinWarz data, the bitcoin hashrate was 168.85 EH/s on Dec 25th. And two days prior (Dec 23rd) it was 271.4 EH/s. The reason for the fall was stated to
The progress toward the next Bitcoin block reward reduction has hit 65%. Several on-chain analytics implied that Bitcoin is at or very close to its cycle bottom. The Bitcoin cycle typically reaches its lowest point 517–547 days before the subsequent halving event. So, it will be almost 500 days before
As an important case in the market, the location of Do Kwon, the founder of Terraform Labs remains hidden from the crash of the entire Terra network. The South Korean government was taking out so many initiatives to find his whereabouts. In light of this case, Kwon cashes out a
Argentine authorities in the province of Buenos Aires have given the green light to a proposal. That would make cryptocurrency mining a taxable sector beginning in 2023. 4% of all profits made from “Processing and validation services for crypto assets and/or cryptocurrency transactions (crypto asset and/or cryptocurrency mining),” as stated
The global cryptocurrency market is constantly maintaining a gloomy trend in recent days. Despite the current market conditions, the leading cryptocurrencies are experiencing an unstable price momentum, with their values fluctuating. However, the top coins have seen a slight increase in the last 24 hours. According to CoinMarketCap (CMC), the market’s
Bitcoin (BTC), the dominant cryptocurrency in the global crypto market, typically lags significant stock market bottoms. According to Delphi Digital, a digital assets research platform, Bitcoin tends to bottom out at least six weeks before the Standard & Poor’s 500 Index (S&P 500 Index), a stock market index tracker. According
Numerous companies operating in various subsets of the cryptocurrency industry have failed this year. Multiple well-known businesses, including blockchain development firms, crypto lending platforms, and leading exchanges are feeling the heat. It has been reported that Core Scientific, formerly the leading Bitcoin mining firm, is now on a downward spiral.
Hong Kong initiated its steps toward legalizing retail cryptocurrency trading by introducing the two ETFs (Exchange Traded Funds) on the 16th of December. Both ETFs track the US-listed cryptocurrency futures, BTC and Ether. BTC and Ether are the first two futures ETFs that are been listed in the Asian exchange
Stc Bahrain, a telecom provider in Bahrain, recently made a public announcement that it will begin accepting cryptocurrency payments. The firm has partnered with Eazy Financial Services, according to the announcement. Customers of Stc Bahrain may now use the Binance wallet to pay their invoices, according to the announcement. Cryptocurrencies
