Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of cutting-edge immersion miners, known for their quieter operation and impressive hashrate performance, are gaining traction in the industry. Cleanspark to Acquire Next-Gen Immersion-Cooled Mining Rigs From…
The Internet Computer Protocol (ICP) has integrated threshold-Schnorr signatures and onchain Bitcoin block headers as part of its Deuterium milestone. This development aims to expand the utility of Bitcoin within the decentralized economy, allowing for new applications previously hindered by Bitcoin’s lack of native smart contract support. ICP Introduces Threshold-Schnorr Signatures to Boost Bitcoin Compatibility…
The current market condition has put many new Bitcoin investors under financial stress. This is evident in several metrics that indicate a bearish environment and highlight factors that can intensify market volatility, increase selling pressure, and lead to further price declines. According to a Bitfinex Alpha report, metrics like the Short-Term Holder MVRV (Market Value…
Dogecoin (DOGE) is on the move, climbing 3% in the past 24 hours, and 7% in the past week, once again catching the eye of traders. But according to one top analyst, this recent rise might just be the start of an extended rally. Dogecoin Leaps After Rejecting Key $0.10 Level Dogecoin has had a…
Apex Fusion, a promising federated multichain L1 solution is excited to announce the launch of its highly anticipated public testnet. This marks a significant milestone in the project roadmap and a big step in knocking down fragmentation, one of the most significant barriers to Web3 adoption, efficiency, and security. Apex Fusion interconnects isolated UTXO and…
U.S.-based spot bitcoin and ethereum exchange-traded funds (ETFs) both enjoyed a lift on Monday, with ETH ETFs pulling in $4.93 million while BTC ETFs attracted $27.87 million during the day’s trading. Crypto ETFs Make a Positive Comeback On Aug. 12, 2024, both spot bitcoin (BTC) and ethereum (ETH) ETFs experienced inflows, marking a shift from…
Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the exchange stated. Additionally, Wazirx revealed that its bounty program has attracted 344 bounty hunters to help recover the stolen funds.…
[PRESS RELEASE – Dubai, UAE, August 13th, 2024] Kelp DAO, a liquid restaking platform is launching the ‘Kelp Gain Vaults’ Program. The program enhances earning potential of airdrops and rewards for restakers and users, being the first project giving access to multiple Layer 2 airdrops in a single, diversified strategy. Kelp Gain allows users to…
TLDR Three Arrows Capital (3AC) liquidators have filed a $1.3 billion claim against Terraform Labs in U.S. Bankruptcy Court. The claim alleges Terraform Labs manipulated the market for LUNA and UST, artificially inflating prices. 3AC suffered massive losses when the Terra ecosystem collapsed in May 2022. Terraform Labs and its former CEO Do Kwon recently…
TLDR Tigran Gambaryan, a former Binance executive, has been detained in a Nigerian prison since February 2024. His health has severely deteriorated, with issues including a herniated disc, tonsillitis, and mobility problems. Gambaryan’s legal team has been denied access to him since July 26, 2024. His family is pleading for his release on humanitarian grounds…