With Bitcoin Bounce Back, Crypto Mining Stocks Surge to Yearly Highs

A strong 28% jump in the BTC over the last two weeks has given crypto miners some relief after they faced acute financial stress last year.The strong rebound in the Bitcoin (BTC) price earlier this week has had a very positive impact on the crypto mining stocks. Stocks of the crypto mining firms have recorded…

Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs

Stellar chief operating officer Jason Chlipala said the foundation would bring the unique perspective of Layer 1 to the committee and highlight stablecoin use cases. 7164 Total views 14 Total shares Own this piece of history Collect this article as an NFTThe Stellar Development Foundation (SDF) has become the newest member of the United States…

Crypto Biz: SBF’s newest Excel spreadsheet reveals all

Large enterprise businesses spend tons of money keeping track of their financial dealings — think accountants, financial analysts, consultants and enterprise-grade accounting software. Sam Bankman-Fried, meanwhile, used Microsoft Excel. On Jan. 17, in another sloppy Excel spreadsheet, SBF revealed that FTX US was solvent. The Excel file purportedly showed customer balances, bank deposits and assets held…

Compass Mining sued for losing Bitcoin mining machines bought by customers

The lawsuit alleges that Compass Mining didn’t disclose to Bit River that it was only the ‘middleman,’ not the owner of its customers’ machines. 3949 Total views 10 Total shares Own this piece of history Collect this article as an NFTCustomers are suing Compass Mining for over $2 million, alleging fraud, after the company cut…

Raydium exploiter moves $2.7M to crypto mixer Tornado Cash

The hackers sent 1,774.5 Ether to the sanctioned cryptocurrency mixer weeks after the DeFi protocol exploit. 2904 Total views 68 Total shares Own this piece of history Collect this article as an NFTIn an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the mixer. The amount…

Number of devs increased during crypto winter: Electric Capital report

Ethereum continues to be the dominant blockchain for developer activity, however, a few other chains continued to gain ground. 3839 Total views 19 Total shares Own this piece of history Collect this article as an NFTThe notion that bear markets are good for builders appears to be true, with the total number of monthly active…

Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows

Crypto-related stocks, ETFs and tokens have all surged in price so far in 2023 despite experts expecting the Federal Reserve to continue hiking interest rates. 2766 Total views 10 Total shares Own this piece of history Collect this article as an NFTThe share price of cryptocurrency exchange Coinbase has surged by 69% since its all-time…

CoinFLEX attempts to hose down backlash over proposed new 3AC project

Amid mounting criticism on social media, crypto investment firm CoinFLEX has attempted to clarify its plans to build a new crypto exchange with Three Arrows Capital (3AC).A leaked pitch deck on Jan. 16 revealed it was collaborating with the now-bankrupt hedge fund to build a proposed crypto exchange called “GTX,” which would focus on the trading of…

Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia. 2851 Total views 7 Total shares Own this piece of history Collect this article as an NFTThe United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global…

Navigating the World of Crypto: Tips for Avoiding Scams

Despite the belief of many crypto enthusiasts that centralized exchanges (CEXs) are safer, history has often shown them to be rather vulnerable to attacks.Because these exchanges centralize the storage of users’ assets, they can be attractive targets for cybercriminals. If an exchange’s security measures are inadequate or successfully compromised, user assets may be stolen or…