Category: Latest news

[ad_1] Two notable Bitcoin mining firms, Hut 8 and US Bitcoin, have announced a merger as detailed in a press release published on Feb. 7. Combined company will have six sites The merger will combine two of Hut 8’s sites in Canada with all four of US Bitcoin’s sites in the US. The combined firm…

[ad_1] U.S. prosecutors have asked that the fraud cases against FTX founder Sam Bankman-Fried not proceed until the conclusion of the government’s criminal case against him, according to court documents. Damian Williams, the main prosecutor overseeing the criminal case against Bankman-Fried, wrote that the Commodities Future Trading Commission and the Securities and Exchange Commission had…

[ad_1] Crypto investing by Venture Capitalists (VC) fell 75% in Q4 2022 versus the same period in the prior year, according to Bloomberg. The dramatic plunge in activity was driven by general VC tech firms, whose risk appetite for digital asset investing has diminished amid the many recent scandals that have plagued the industry. However,…

[ad_1] Crypto exchange Huobi said DebtDAO would burn 18 million  FTX User Debt (FUD) tokens later today because it rallied to a much higher value than the recommended price, according to a Feb. 7 statement. Debt DAO previously issued 20 million FUD tokens valued at $1 each, representing around $100 million owed to FTX creditors.…

[ad_1] India-based crypto exchange WazirX said Binance’s allegations against it are “false” and “unsubstantiated,” according to a Feb. 7 statement. The exchange added that it was taking the necessary steps to seek recourse and protect its legal rights against the actions taken by Binance. WazirX also allayed users’ fears about their funds. The exchange said:…

[ad_1] Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 3 days ago [ad_2] Source…

[ad_1] A Turkish singer known for his charitable personality, Haluk Levent, reached out to the country’s financial watchdog (MASAK) and convinced them to allow collecting crypto donations to help with earthquake relief. Stretching rules Turkish crypto Twitter has been calling out to crypto influencers who were transferring the message to the Turkish government, asking for…

[ad_1] Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 3 days ago [ad_2] Source…

[ad_1] Decentralized exchange (DEX) protocol CoW Swap confirmed that it was exploited for $166,000 by a hacker who drained a settlement contract containing its protocol fees. Meanwhile, blockchain analytical firm Nansen reported that the exploiter stole roughly $180,000 — the funds were consolidated in two wallets containing at least $123,000 DAI, $50,000 BNB and $7,400 ETH.…

[ad_1] Leading asset management firm Digital Currency Group (DCG) has reportedly sold some of its shares in Grayscale crypto trusts — raising roughly $22 million, according to the Financial Times (FT). DCG has been caught up in a series of financial crises following the bankruptcy of its trading arm-Genesis. The firm reportedly owes over $3…