Compass Mining said that it is cutting salaries, spending and 15% of its team. The Bitcoin mining company also stated that pay cuts were up to 50% for senior employees and the executive team. “W...
Tag: news
Hive Blockchain Says Produced 278.5 BTC and 2,542 ETH in June
Hive Blockchain stated that it currently holds 3,239 bitcoin (BTC) and 7,667 Ethereum (ETH) after producing 278.5 BTC and 2,542 ETH in June. The crypto mining firm also stated that it increased its bi...
Ethereum Price Analysis: Will ETH Price Hit $1400 By This Weekend – Coinpedia – Fintech & Cryptocurreny News Media
Ethereum’s price has rebounded strongly over the last seven days, climbing back up from a recent low below $1,000. ETH price is currently at $1228.41 a change of 7.71% over the past 24 hours. The curr...
Filipino Thinktank Infrawatch PH Blows Whistle on Binance
Filipino think-tank Infrawatch PH has called on the Department of Trade and Industry (DTI) to investigate Binance exchange for illegally operating in the Philippines. According to a report from Bitpin...
Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’ – Bitcoin News
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lendin...
Bitcoin(BTC) To See More Decline With Choppy Sideways In Coming Days – Mike Novogratz – Coinpedia – Fintech & Cryptocurreny News Media
Mike Novogratz instinct says that Bitcoin might decline more Mike Novogratz, the CEO of Galaxy Digital, stated that cryptocurrency values may still decline during a recent visit on CNBC. His “instinct...
Binance.US Hires Ex-Paypal CFO Jasmine Lee
Jasmine Lee, a veteran financial expert has joined Binance.US as its new Chief Financial Officer (CFO). The appointment of Lee by Binance.US is primarily centred on tapping her expertise as the former...
Here is How Much TRON DAO Has in Reserves! – Coinpedia – Fintech & Cryptocurreny News Media
On June 18, there was a shakeup in the cryptocurrency market, and Bitcoin fell to a low of $17,593 per unit. The following day, the cost of one unit of Tron’s stablecoin USDD dropped to an all-time lo...
UK Fund Managers Urge Regulators to Approve Blockchain-Traded Funds
UK fund managers under the aegis of the Investment Association, the trade body representing Britain’s asset management industry, have called on the government and the City regulator to approve blockch...
Celsius Network Claims $440 Million in Collateral, Pays off Debts – Coinpedia – Fintech & Cryptocurreny News Media
Celsius Network, a cryptocurrency lender had halted withdrawals last month amid liquidity concerns after the cryptocurrency market and Terra (USDT) collapse. On Thursday, however, it fully repaid a lo...
Argo Bitcoin Miner Sells 637 BTC to Offset Costs & Outstanding Loans
Argo Blockchain plc, a major global cryptocurrency mining firm, announced Thursday an update of its business operations for June 2022. Argo said it mined 179 Bitcoins in June compared to 124 BTC in Ma...
Konvoy Ventures Launches $150M Gaming Fund
Konvoy Ventures, a venture capital startup, has announced the launch of its Konvoy Ventures Fund III as it looks to deepen its feet in the Web3.0 gaming ecosystem. With the fund, the startup said it w...
Global Economic Outlook Has ‘Darkened Significantly’ — Global Recession Cannot Be Ruled Out – Economics Bitcoin News
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we c...
Lucky Player Wins A Second 5,000x Jackpot on Bitcoin.com’s Crypto Casino, Bags Another 3 BTC – Promoted Bitcoin News
Book of Aztec unleashes the power of luck, and dishes out a massive 5,000x multiplier! A 3 Bitcoin Jackpot Was Awarded From a Small Bet of 0.0006 Bitcoin When it rains, it pours – but it’s pouring mon...
Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users – Blockchain Bitcoin News
The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen ...
Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62% – Defi Bitcoin News
After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held...
Satoshi Nakamoto Dropped From the World’s 20th Richest Billionaire to the 79th in 8 Months – Featured Bitcoin News
In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billio...
Blockchain Security Firm Files Patent for Ransomware Solution EB Drive
Blockchain networking company Everything Blockchain Inc. has applied for a patent for its Blockchain drive (EB Drive). As traditional data storage mainly exists on local or network hard drives is vuln...
FTX Still Has a Few Billion to Spare for Struggling Crypto Firms, Sam Bankman-Fried Says
FTX, a leading crypto exchange, is willing to splash a few billion to help struggling companies amid the present cryptocurrency winter, according to the exchange’s CEO and founder, Sam Bankman-Fried. ...
Russian State Duma Adopts Law Banning Payments With Digital Financial Assets – Regulation Bitcoin News
The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transa...
Ethics Watchdog Bans Crypto Holders from Proposing US Digital Assets Regulation Policies
The US Office of Government Ethics has issued a legal advisory notice, barring US officials holding cryptocurrencies like Bitcoin and stablecoins as personal investments from advising President Joe Bi...
Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL – Bitcoin News
Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto asset...
Paxful Joins Hands with iProov, Providing Identity Verification
Paxful, a leading peer-to-peer (P2P) crypto trading platform, has selected iProov to provide service to verify user identity when onboarding and making transactions. Based on Paxful’s objective of off...
Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation – Bitcoin News
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of mo...
Hut 8 Purchases 5,800 Mining Rigs to Improve Productivity in Ontario
Hut 8, a Bitcoin mining company based in Canada, announced on Wednesday that it has bought 5,800 mining machines for its Ontario facility. With the latest purchase, these mining rigs to its fleet at i...
Etihad Airways Enters Crypto Space by Launching First NFT Collection
Etihad Airways plans to release its first non-fungible token (NFT) collection, featuring 10 comprehensive 3D aircraft models, on July 21. Dubbed EY-ZERO1, the NFT collection will comprise 2,003 limit...
Russian media watchdog unblocks crypto news site after money laundering claims
Roskomnadzor, the government agency that oversees Russia’s mass media, has allowed users to once again access a prominent Russian crypto news page. Bits.media, a Russian crypto-related news site, was ...
Gold Coin Sales to Commence in Late July – Bitcoin News
Starting on July 25, the Zimbabwean public will be able to buy and hold gold coins which weigh one troy ounce each. In addition to their use as an alternative store of value, the central bank says the...
Three Top JPMorgan Executives Jump Ship to Crypto Startups
According to Fortune media, three top executives at JPMorgan have left the leading major bank to join the cryptocurrency industry. Despite the current crypto winter, this week has seen three executiv...
Chinese Court Reaffirms Stablecoins are Not Legal Tender
It is already about a year since China banned transactions involving digital currency transactions, and a Chaoyang Court in Beijing has further reiterated that cryptocurrencies are not a legal tender ...