Author: e_cash_top
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BIT Mining subsidiary loses $3M to cyberattack
[ad_1] Crypto mining firm BIT Mining said its subsidiary BTC.com lost $3 million worth of digital assets to a cyberattack on Dec. 3, according to a Dec. 26 statement. BIT Mining wrote that $700,000 of the stolen funds belonged to BTC.com’s clients while the remaining $2.3 million belonged to it. The company did not disclose…
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Hackers steal $8M from BitKeep users by spoofing wallet app
[ad_1] Blockchain security firm Peckshield reported that roughly $8 million of BitKeep users’ funds were stolen via a hacked APK version of the crypto wallet. The BitKeep team confirmed the exploit on its official Telegram account and said the hackers hijacked some APK package downloads, which resulted in the loss of funds for its users.…
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Chess to make headway into Web 3.0 as FIDE partners with Avalanche
[ad_1] The International Chess Federation, popularly known by its French acronym FIDE, has struck a partnership with Avalanche to introduce chess into the sphere of Web 3.0, Avalanche announced on Dec. 23. Founded in 1924, FIDE links 200 national chess associations into one international federation and oversees the World Chess Championships. According to the Federation,…
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BTC block time reaches yearly high as mining hash rate plunges amid arctic blast
[ad_1] The arctic blast in the US has already claimed at least 22 lives and temperatures could dip dangerously below freezing levels. Amid the extreme weather conditions, several Bitcoin (BTC) miners have voluntarily curtailed or shut down operations to help the struggling power grid. Foundry dropped its hash rate by over 44% or nearly 30…
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Net worth of CZ fell 93% while 10 crypto moguls lost billionaire status in 9 months: Report
[ad_1] For the crypto world, 2022 has been a tumultuous and eventful year with multiple high-profile bankruptcies, record-high scams, and frauds. In early 2022, the Russia-Ukraine war brought the crypto community together and proved its solidarity as people around the globe used crypto to donate and provide aid to Ukraine. Then the collapse of Terra-Luna…
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a modern open source data stack for blockchain
[ad_1] 1.The challenge for modern blockchain data stack There are several challenges that a modern blockchain indexing startup may face, including: Massive amounts of data. As the amount of data on the blockchain increases, the data index will need to scale up to handle the increased load and provide efficient access to the data. Consequently,…
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Amid the arctic blast, Texas miners voluntarily shut down or curtail operations
[ad_1] Bitcoin miners are again showcasing how they can play an essential role in the energy infrastructure as miners shut down or limit production to support the ecosystem in Texas. Texas is facing a hard freeze warning amid a winter storm originating in the Arctic region, causing the most significant surge in cold air since…
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What does retail investors aggressive Bitcoin purchase mean for the market?
[ad_1] Bitcoin (BTC) whales have been selling their assets aggressively while retail investors have been accumulating the coins simultaneously throughout 2022. Bitcoin whales are defined as holders with more than 1,000 BTC, while retail traders are holders with one BTC or less. CryptoSlate’s previous research highlighted that retail investors’ BTC holdings since 2018 have doubled…
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Fantom growth in high ‘triple digits’ despite crypto winter
[ad_1] On Dec. 24, Andre Cronje, who rejoined the Fantom Foundation as an architect in November, posted a performance review of Fantom (FTM) in 2022. Cronje had left the crypto and decentralized finance (DeFi) world in March, sparking an uproar at the time. As per the data from FTMScan shared by Cronje, the yearly growth…
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SBF criminal trial judge recused as husband’s firm advised FTX
[ad_1] Federal Judge Ronnie Abrams, who was assigned to oversee the high-profile criminal trial of former FTX CEO Sam Bankman-Fried (SBF), recused herself from the case on Dec. 23. In a court order, the federal judge for the US District Court for the Southern District of New York cited possible conflict of interest as the…