Bitcoin mining expenses surge 168% amid capacity growth

Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. The renewed slump comes as the stock market and commodities also pulled back as a result of Federal Reserve Chair Jerome Powell’s comments related to future interest rate hikes and concerns over rising inflation which led…

Former FTX and Alameda Research executives Sam Bankman-Fried, Caroline Ellison, Gary Wang and Nishad Singh were named in the suit from FTX. 109 Total views 1 Total shares FTX has sued former CEO Sam Bankman-Fried and several other former key executives from the now-bankrupt crypto exchange to recover more than $1 billion in misappropriated funds. A…

The minting of OFAC-compliant Ethereum blocks on a daily basis has grown to 73%, adding to the community's growing censorship concerns. 636 Total views 9 Total shares Considering that protocol-level censorship is deterrent to the crypto ecosystem's goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with…

Hong Kong’s flagship airline Cathay Pacific has introduced the first blockchain project to manage unit load devices (ULDs).Cathay plans to roll out the tech across the entire networkThe new project intends to eliminate paper-based processes by implementing a blockchain application that allows to instantly manage ULDs through a smartphone, according to a report by air…

Concerning NFTs, NASA stated that it “does not wish for its images to be used for these purposes. Despite a general consensus amongst degen apes that NFTs are headed to the proverbial moon, space agency NASA has revealed it will not clear the use of its content and logos for take off. This is an…

Despite United States Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres calling on the Securities and Exchange Commission (SEC) to immediately approve the listing of spot Bitcoin (BTC) exchange-traded funds (ETFs), the agency once again delayed its decision. When it comes to spot Ether (ETH) ETFs from VanEck and ARK 21Shares, the SEC delayed

The former FTX CEO has swapped his parent's cozy Stanford home for the Metropolitan Detention Center in Brooklyn, which isn't known for its comforts. 399 Total views 44 Total shares Former FTX CEO Sam Bankman-Fried is going into his third night with over 1,500 other inmates in one of New York's most notorious prisons —…

Andy Pag, the founder and coordinator of Mt. Gox Legal (MGL) — the largest group of creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has quit his post and decided to sell his claim. Pag announced his decision in a letter posted to the MGL contributor forum on April 4.Mt. Gox Legal —…

ShareRing has launched an anonymous e-passport app with contact tracing in an effort to revive the $9 trillion global tourism industry. Enterprise-focused blockchain company ShareRing has launched a blockchain based contact tracing solution it will offer to 2.6 million hotel and activity providers that currently use one of the company’s services. The anonymous e-passport app…