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Bitcoin Mining Farms Beef Up Operations Ahead of Next Block Halving, But Is This Decentralized Project With $6.45 Million Raised The Ultimate Solution?
Bitcoin mining farms are starting to prepare for the 2024 scheduled Bitcoin block halving event by pouring massive sums of investments into beefing up their operations. While top analysts like Peter Brandt believe the Bitcoin block halving is a lot of excitement over nothing, heavyweight mining farms seem to have other thoughts as they look […] The post Bitcoin Mining Farms Beef Up Operations Ahead of Next Block Halving, But Is This Decentralized Project With $6. дальше »
2023-12-30 15:00 | |
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HTX exchange suffers a $258m net outflow since resuming operations post-hack
HTX (formerly Huobi), a major crypto exchange tied to the founder of TRON, Justin Sun, recently suffered a $258 million net outflow. The money left the platform after the exchange resumed regular operations in the aftermath of a major hacking attack. дальше »
2023-12-12 18:18 | |
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Crypto phishing kit Inferno Drainer shuts down after enabling over $80M in scams
Inferno Drainer, a crypto wallet-draining kit known for its widespread involvement in cryptocurrency scams, announced on Nov. 27 that it is shutting down its operations. The kit has been responsible for phishing schemes that resulted in the theft of over $80 million in cryptocurrencies, with thousands of victims. дальше »
2023-11-28 20:45 | |
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Ethereum L2 Solution Blast Responds To Criticism On Security, Operation
The development team behind newly launched Ethereum Layer-2 solution Blast has released a statement in rebuttal to negative claims about the protocol’s security and operations. These developments come amidst the high level of attention currently surrounding the L2, with a reported Total Value Locked of $443 million gained within four days of operation. Related Reading: Shiba […] дальше »
2023-11-25 11:53 | |
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Osaka Digital Exchange introduces Japan’s first digital securities trading platform
The new digital securities platform is known as Start. Start’s operations are scheduled to commence on December 25. The platform will start with a $20 million real estate securities issuance Osaka Digital Exchange (ODX) is set to make history by launching Japan’s inaugural digital securities trading platform, named “Start,” on December 25. дальше »
2023-11-20 14:58 | |
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Kronos Research Halts Operations After Losing $26 Million In Security Breach
Kronos Research, a Taipei-based market maker, trading firm, and venture capital fund, witnessed the withdrawal of significant amounts of crypto assets due to a breach of its security system. Kronos Breach: Investigation Underway On Sunday, November 19, Kronos Research disclosed – via a post on X (formerly Twitter) – a security incident that involved unauthorized access to its API keys. дальше »
2023-11-19 22:00 | |
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Taipei’s Kronos Research Confirms $26 Million Crypto Hack, Suspends Trading Operations
Woo Network addresses liquidity gaps and implements measures following the Kronos Research hack and a subsequent DDoS attack. The post Taipei’s Kronos Research Confirms $26 Million Crypto Hack, Suspends Trading Operations appeared first on BeInCrypto. дальше »
2023-11-19 20:50 | |
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Molecular Future (MOF) Showcasing Remarkable Journey: From a $20 Million Milestone to Conquering Challenges
HK, HONG KONG, November 1st, 2023, Chainwire Molecular Future (MOF), a leading digital asset investment service, invites the world to revisit its dynamic journey in the cryptocurrency sphere. Recent events, notably its delisting from the OKEX (OKX) exchange, have spurred the organization to offer a comprehensive analysis of its path, encompassing the intricate capital operations […] The post Molecular Future (MOF) Showcasing Remarkable Journey: From a $20 Million Milestone to Conquering Challenges appeared first on CaptainAltcoin. дальше »
2023-11-1 15:27 | |
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Alameda Research’s $190 Million Loss Linked To Inadequate Security, Insider Reports
Amidst the ongoing legal proceedings, a fresh wave of testimonies has emerged against Sam Bankman-Fried (SBF) and his operations. In this particular instance, outside the courtroom, a former engineer at Alameda Research, the sister hedge fund of FTX, has come forward with revelations of substantial losses in trading funds totaling at least $190 million. Aditya […] дальше »
2023-10-13 22:30 | |
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Bitfinex parent company looking to buyback 15M shares at $1.7B valuation
Hong Kong’s iFinex Inc. , the parent company of cryptocurrency exchange Bitfinex, has proposed a $150 million share buyback, Bloomberg News reported Oct. 10. The move is seen as an effort to consolidate its private operations amidst increasing regulatory oversight in the cryptocurrency industry. дальше »
2023-10-11 05:00 | |
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Gemini Plans to Expand Staff and Invest $24 Million in India
Crypto exchange Gemini plans to invest $24 million in India over the next two years, expanding its operations and increasing its workforce in its Gurgaon office. The post Gemini Plans to Expand Staff and Invest $24 Million in India appeared first on BeInCrypto. дальше »
2023-9-26 17:00 | |
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Texas Bitcoin Miners Forced To Stop Operations Due To Energy Crunch
Bitcoin miners in Texas are facing a temporary setback as they power down their operations in response to the state’s ongoing energy crisis. The scorching heatwave that gripped the Lone Star State forced the Electric Reliability Council of Texas (ERCOT) to take drastic measures to ensure uninterrupted power supply to its 25 million customers, accounting […] дальше »
2023-9-9 15:30 | |
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Texas provides Riot $31.7m to halt Bitcoin mining amidst energy crisis
Texas Bitcoin miners have cut back 90% of their operations during the energy crisis after the state offered $31.7 million in energy credits. Amid an escalating power crisis driven by extreme weather conditions, Texas has turned to an unlikely ally… дальше »
2023-9-9 22:06 | |
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The House Always Wins: Crypto Casino Resumes Operations After $41 Million Hack
On Monday, August 4, 2023, one of the world’s leading crypto casinos Stake, owned by Australian Billionaire Ed Craven, reportedly experienced a massive $41 million hack across several blockchains. дальше »
2023-9-6 20:00 | |
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Oman Makes Big Investments in Bitcoin Mining Operations, But Is It Sharia Compliant?
Coinspeaker Oman Makes Big Investments in Bitcoin Mining Operations, But Is It Sharia Compliant? Oman disclosed a partnership of $300 million with Abu Dhabi's Phoenix Group to establish a 150-megawatt crypto mining facility in collaboration with Green Data City. дальше »
2023-8-28 13:48 | |
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Chinese Filecoin Mining Firm Faces $83.3 Million Controversy; Traders Predict a Meteoric Rise for Ethereum (ETH) And InQubeta (QUBE)
Shenzhen Shikongyun Technology, a prominent Filecoin (FIL) mining company in China, is facing serious allegations of gross misconduct and misdeeds brought forward by users. This distressing situation has prompted a comprehensive investigation into the operations of Filecoin. дальше »
2023-8-25 11:00 | |
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NFT platform Recur shuts down less than 2 years after $50M financing round
Recur announced the gradual wind down of its operations and functionality on August 18, 2023. All NFT activity will be disabled by November 16, with metadata migrated to IPFS. The startup had secured a $50 million series A funding round in 2021. дальше »
2023-8-22 00:06 | |
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Steve Cohen-backed NFT Platform Recur to Close Doors After Raising $50M Just 2 Years Ago
Recur, a prominent NFT platform backed by hedge fund mogul Steve Cohen, has decided to wind down its Web3 platform operations, despite having raised $50 million in a series A funding round in late 2021 at a valuation of $333M. дальше »
2023-8-22 22:06 | |
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Recur announces phased shutdown of NFT platform
NFT platform Recur has revealed plans to cease operations less than two years after securing $50 million in a Series A funding round. The company has detailed a structured shutdown of the platform, commencing with the suspension of primary and… дальше »
2023-8-21 16:42 | |
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Bitget Slammed with 60-Page Lawsuit Alleging Shady Practices – Should Users Run?
In a recent series of revelations, Bitget, a renowned crypto exchange, has come under scrutiny, with serious allegations leveled against its operations. A prominent figure in the crypto community has served Bitget with a claim exceeding $16 million, citing damages and lost funds purportedly due to the platform’s unethical practices. дальше »
2023-8-6 23:54 | |
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CoinsPaid Resumes Operations After $37 Million Hack, But Who Did It?
Cryptocurrency processing platform CoinsPaid has resumed operations after suffering a significant hack last week. The event, which occurred on July 22, forced the platform to put a hold on its operations for four days. дальше »
2023-7-27 18:00 | |
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Cross-chain bridge protocol Multichain ceases operations
Multichain protocol says its forced to cease operations due to recent events. CEO Zhaojun and his sister have reportedly been detained leaving the team with no operational funds. Multichain saw $125 million stolen on July 6, with blockchain security firm Chainalysis pointing to possible rug pull by insiders. дальше »
2023-7-14 14:01 | |
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Riot’s Power Strategy Pays Off: $10 Million In Revenue While Mining 460 Bitcoin In June
Riot Platforms, a leading Bitcoin mining and data center hosting company, has announced its unaudited production and operations updates for June 2023. Despite challenging conditions due to extreme heat and high power demand in Texas, the firm was able to mine 460 BTC while significantly leveraging its power strategy. дальше »
2023-7-8 23:00 | |
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Multichain Halts Operations, Warning Users of Mysterious $126M Outflow
Multichain, a cross-chain bridge platform, has unexpectedly suspended its services and cautioned its user base against transacting after a staggering $126 million asset outflow. This exodus, initially reported by security... дальше »
2023-7-8 16:21 | |
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Ledger Expands Operations For Faster Shipping In U.S. & Canada
Since Ledger’s inception in 2014, our warehouse in Vierzon, France, has successfully dispatched over 6 million hardware wallets to more than 180 countries. With our continued global growth, we always strive to provide our customers with the most secure, fastest and efficient shipping methods. дальше »
2023-7-5 16:50 | |
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Yield Protocol declares full recovery from Euler hack, awaits user token exchange
The permissionless, collateralized fixed-rate borrowing and lending market restored operations in May and will now switch out user tokens worth $1.5 million. дальше »
2023-6-28 21:30 | |
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Riot Platforms expands operations with 33,000 new miners
Riot Platforms, a major bitcoin mining company, has invested $162.9 million to acquire 33,280 advanced Bitcoin miners for its Texas data center in anticipation of the 2024 halving event. To prepare for the upcoming halving cycle projected for mid-2024, Riot… дальше »
2023-6-27 11:33 | |
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SEC Temporarily Waives $30M Fine, Demands BlockFi Pays Investors
The United States Securities and Exchange Commission (SEC) has offered relief to US-based digital asset lender BlockFi by relinquishing their $30 million fine until investors are reimbursed. Related Reading: Nevada Regulators Order Prime Trust To Shut Down Operations – Here’s Why BlockFi Receives Temporary Relief On $30 Million Penalty According to a court document filed […] дальше »
2023-6-24 01:00 | |
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Radius raises $1.7M in pre-seed funding to develop a trustless shared sequencing layer
Key takeaways Radius raises $1. 7 million to fund its trustless shared sequencing layer development. The trustless shared sequencing layer will decentralise the operations of rollups. Radius raises $1. дальше »
2023-6-22 09:10 | |
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CoinEx Exchange Banned in New York, Crypto Assets Worth $1.7 Million Seized
New York Halts Operations of CoinEx Exchange, Seizes $1. 7 Million in Crypto Assets The Hong Kong-based cryptocurrency exchange, CoinEx, has been ordered to cease all activities in New York by Attorney General Letitia James. дальше »
2023-6-17 18:30 | |
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CoinEx Exchange Banned In New York, Authorities Recover $1.7 Million
Attorney General Letitia James has issued a ban on CoinEx, a Hong Kong-based cryptocurrency exchange, prohibiting its operations within the state of New York. The ban follows an announcement on June 15 revealing that the exchange’s funds, totaling over $1. дальше »
2023-6-16 03:00 | |
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Hedera Hashgraph set to unlock $67M worth of HBAR tokens
Hedera Hashgraph is gearing for a major token unlock that will affect the HBAR price. The developers will release over 1. 27 billion tokens worth more than $67 million. According to TokenUnlocks, this will be a big unlocking event, with these tokens going to purchase agreements, ecosystem growth, and network governance and operations. дальше »
2023-5-30 16:10 | |
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FTX’s Plans to Restart Operations, Attracts Investments from VC Firms
Coinspeaker FTX’s Plans to Restart Operations, Attracts Investments from VC Firms VC firm Tribe Capital is also considering leading the $250-million fundraising campaign, anchored by $100 million from itself and its limited partners. дальше »
2023-4-19 14:24 | |
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Gemini gets a $100m lifeline from Winklevoss twins
The Winklevoss twins have reportedly injected $100 million into the embattled Gemini crypto exchange. Sources say the platform will use the money to fund its operations. Gemini Trust Co, one of the countless crypto market participants hit hard by the… дальше »
2023-4-11 12:49 | |
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Galois Capital shuts down in aftermath of FTX collapse
Galois Capital has moved to shut down its hedge fund operations following a $40 million loss resulting from the FTX collapse, according to the Financial Times (FT). The post Galois Capital shuts down in aftermath of FTX collapse appeared first on CryptoSlate. дальше »
2023-2-20 11:35 | |
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Crypto lender Salt makes comeback with $64.4 million funding
The crypto lender froze withdrawals in mid-November. It will resume operations in Q1 2023, buoyed by a Series A recapitalization. дальше »
2023-2-10 09:19 | |
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Adam Back-Led Blockstream Raises $125 Million To Expand Operations
Blockchain infrastructure firm Blockstream and its founder Adam Back, have raised $125 million to increase its Bitcoin (BTC) mining capacity. Related Reading: Saudi Central Bank To Experiment With CBDC The firm raised the capital in a convertible note, a form of short-term debt led by Kingsway Capital. дальше »
2023-1-26 21:15 | |
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