Category: Latest news
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Bitmain, Anchorage Digital eye equity stake in Core Scientific comeback from bankruptcy
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Marathon Digital posts Q2 losses amid record-breaking Bitcoin production
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Bitcoin adjusts positively amid Texas heat wave, soaring energy costs
[ad_1] Quick Take Bitcoin’s positive difficulty adjustment of 0.12% marks the 12th of 17 such changes this year, demonstrating its resilience in the face of fluctuating energy costs. Hash Rate: (Source: Glassnode) The positive adjustment comes at a time when Texas, a prominent hub of Bitcoin mining, grapples with soaring electricity prices resulting from an…
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VCs firms face class action amid allegations of abetting FTX fraud
[ad_1] A class action complaint, recently filed on Aug. 7, implicates several venture capital firms, painting a grim picture of alleged gross financial mismanagement and deceptive practices. The plaintiffs, representing a class of impacted investors, allege that the group assured customers that their assets belonged solely to them and would not be transferred to FTX.…
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NFT thefts decline as FBI exposes new developer impersonation scams
[ad_1] The U.S. Federal Bureau of Investigation (FBI) warned that criminals were posing as Non-Fungible Token (NFT) developers in financial fraud schemes despite the declining number of NFT crimes and token thefts. The FBI stated that these malicious actors execute their schemes through a dual-pronged approach: either by infiltrating the social media profiles of authentic…
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FTX lawfirm hit with class action over alleged role in FTX cover up
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Indian authorities arrest ringleaders of $120M crypto scam
[ad_1] Authorities in India have apprehended the perpetrators behind a multi-million dollar cryptocurrency Ponzi scheme, as reported by The Indian Express on Aug. 8. The fraud involved a cryptocurrency project known as STA Crypto Token, which purported to leverage solar technologies and blockchain technology. According to the latest reports, the scam succeeded in stealing Rs…
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Bitstamp to halt U.S. trading of seven tokens identified as securities by SEC in Coinbase, Binance cases
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Bitcoin circling the $30,000 mark nine months ahead of next halving
[ad_1] Quick Take A notable lack of volatility marks Bitcoin’s current cycle, as the leading cryptocurrency meanders below the $30,000 mark. In this phase, even minor price dips spur expectations of more significant falls, again bringing previous support levels into focus. However, investor optimism seems to emerge when it inches upwards, sparking calls for a…
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US prosecutors to issue superseding indictment against Sam Bankman-Fried next week
[ad_1] U.S. prosecutors intend to seek a superseding indictment against FTX founder Sam Bankman-Fried in the week of Aug. 14 that will include the charge of conducting an illegal campaign finance scheme, according to a letter filed with the court on Aug. 8. The U.S. government intends to pursue seven charges against FTX founder Sam…