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August 26, 2023
Exodus-img

Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2

In the quarter ended June 30, Exodus’ revenue declined by 4% year-over-year, but its results were boosted by 6% cost reductions.   Exodus, the renowned cryptocurrency […]
August 26, 2023
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Dropbox ditches unlimited storage offering, blaming crypto cloud miners

The storage platform turned to metered storage after discovering its advanced plan was being used by some for crypto mining and other resource-intensive tasks.   Dropbox, […]
August 26, 2023
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DEA gets duped: Agency loses $55K in address poisoning scam

The United States Drug Enforcement Administration has yet to find those responsible for the attack but has enlisted the help of the FBI.   In what […]
August 26, 2023
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ARK, Glassnode propose Bitcoin economic analytics framework using new metric

In Cointime Economics, the time Bitcoin has been held is considered when it is transacted, giving hodlers’ transactions greater weight.   ARK Invest and Glassnode have […]
August 26, 2023
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ARK Invest, 21Shares join queue to offer Ethereum futures ETF

The co-filing comes just a week after reports emerged that the Securities and Exchange Commission is likely to greenlight Ethereum ETF applications.   On August 24th, […]
August 24, 2023
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Cypher announces recovery plan, says it will ‘socialize’ losses in initial stage

Cypher announced that losses from its exploit will be distributed among users in an initial stage, then compensated through protocol revenue when the platform relaunches.   […]
August 24, 2023
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Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

The police force of Israel reportedly recommended to prosecutors that Moshe Hogeg be charged with fraud, theft, and money laundering and sex crimes.   Israeli entrepreneur […]
August 24, 2023
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‘The race is on’ for AI: Nvidia CEO bullish as Q2 revenue crushes estimates

Nvidia shares soared nearly 10% in after-hours trading, as the company beat Wall Street analyst expectations by more than $2 billion.   Shares of chip-making giant […]
August 23, 2023
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Crypto amplified financial risks in emerging markets: BIS papers

The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws.   The […]
August 23, 2023
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Chinese official sentenced to life in prison for Bitcoin mining, corruption

Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise.   China’s uncompromising stance on illicit cryptocurrency operations […]
September 27, 2023
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Bitwise amends spot Bitcoin ETF application with new, detailed argumentation

The amendments tackle arguments made by the SEC against the use of the CME BTC futures market for surveillance sharing.   Bitwise Asset Management has submitted […]
September 27, 2023
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Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode

Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm.   […]
September 26, 2023
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SEC raises concerns over Coinbase in objection to Celsius restructuring plan

The United States Securities and Exchange Commission (SEC) has registered an objection to the reorganization plan of Celsius Network, citing concerns related to its own ongoing […]
September 26, 2023
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MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC

MicroStrategy bought the latest Bitcoin stash at an average price of $27,053 per coin, or 9% lower than the average purchase price of its entire BTC […]
September 26, 2023
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MetaMask ‘glitch’ caused opBNB recommended fees to be too high

According to BNB Smart Chain, MetaMask was averaging recommended fees from multiple networks, causing opBNB recommended fees to be too high.   The BNB Smart Chain […]
September 26, 2023
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mBridge CBDC project preparing for new members, launch of minimum viable product

The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.   Project mBridge, an […]
September 26, 2023
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Digital yuan app adds prepaid Mastercard, Visa top-ups for tourists

The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option.   Tourists who […]
September 26, 2023
Cryptocurrency-Regulations-Img

Crypto bills could be delayed as many prepare for US gov’t shutdown

Bills focused on crypto regulation, market structure and stablecoins could all be put on hold if U.S. lawmakers don’t reach a decision on government spending by […]
September 26, 2023
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China to build AI chip factory as global semiconductor race intensifies

Chinese scientists are reportedly considering constructing massive facilities to manufacture the technology necessary to create AI semiconductor chips locally.   China aims to construct factories for […]

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