Twenty-seven current and former employees of the blockchain arm of the gaming titan WeMade have launched a legal case against the firm over “unpaid” altcoin bonuses. Per Hyundae Kyungjae Shinmun, the group says the company promised to pay them crypto…
The XRP price has fallen back to $2.33 as crypto’s risk-off period of consolidation is extended by renewed doubts over the speed and extent of future Fed interest rate reductions. Nevertheless, XRP is set to be one of the main…
Marathon Digital Holdings reports December 2024 Bitcoin production and mining metrics, showing continued operational progress. Marathon Digital Holdings reported a 15% increase in its energized hash rate to 53.2 exahashes per second, exceeding its year-end target of 50 EH However,…
Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission (CFTC), has revealed that he will step down on January 20, referencing incomplete regulatory frameworks for cryptocurrencies in the United States and warning that large segments of the market…
Bitcoin miners should be prepared for a challenging season. The cost of mining will rise a year before the second halving, which will be in 2028. According to reports, Bitcoin’s computing capacity is predicted to expand by around 30% by…
A crypto trader reportedly lost $60,000 in just two hours on Tuesday, after succumbing to FOMO (Fear of Missing Out) while trading a newly launched AI token, Miniperplx AI (MPLX). The incident, reported by the on-chain analytics platform Lookonchain, highlights…
Story Highlights Cango Inc. now owns 933.8 BTC, showing strong trust in the cryptocurrency. Cango mined 569.9 BTC in December, a 56% increase from November’s output. Cango’s growing mining operations could signal a bullish shift for Bitcoin’s price trends. Bitcoin…
An exclusive report by the Financial Times on January 7 revealed that US Bitcoin miners, including Mara Holdings, Riot Platforms, and CleanSpark, have raised over $3.7 billion through zero or near-zero coupon convertible notes. The funds intend to bolster their…
Bitcoin’s (BTC) hashrate, the computational energy needed to mine a block in a proof-of-work blockchain, is on track to reach 1 zettahash per second before the next halving event in about 3.5 years, putting miners under pressure to secure cheap…
U.S. prosecutors have estimated that Do Kwon, co-founder of Terraform Labs, could have defrauded over 1M victims globally following the catastrophic collapse of the Terra ecosystem. This assertion emerged during a court session in New York City on January 6,…