Core Scientific posts $265M Q4 loss, unveils $1.2B data center plan

The upgrade is intended to fix the exploit that drained the platform of $100 million. 216 Total views 3 Total shares

The Federal Customs Service of the Russian Federation stopped the illegal import of four crypto mining devices from Mongolia into Russia.Crypto mining equipment confiscatedOn Oct. 1 Coinspot reported that a Mongolian citizen was trying to smuggle the four mining devices with fans and connected microcircuits across the Russian/Mongolian border into Russian territory.The custom services explained…

The United Arab Emirates is approaching its 2021 deadline for migrating at least 50% of all government transactions onto distributed ledger technology-based platforms.Cointelegraph spoke to Leon Smith, the CEO of Dex — an Abu Dhabi-based crypto firm that has been issued with an in-principle approval ahead of the country’s forthcoming regulatory framework for crypto asset…

The UAE continues to be one of the most friendly jurisdictions worldwide for the digital asset industry. 1506 Total views 20 Total shares The Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens as part of its efforts to stimulate the digital financial and technological environment while also meeting market players'…

Over 5,000 victims of the alleged cryptocurrency pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam.Arthur Asiimwe, the leader of the petitioning group who presented the request to the Parliament's speaker Rebecca Kadaga, claims that the government has licensed the alleged scam firm, according to an official announcement…

A code for the Ethereum (ETH) blockchain’s first-stage transition to a proof-of-stake (PoS) consensus algorithm could be completed by June 30, as stated in an Ethereum core developers meeting on May 2.In a bi-weekly call, Ethereum researcher Justin Drake claimed that the developers team expects to prepare code specifications for phase zero by the end…

Blockchain developer activity is one of the most crucial metrics in measuring the success of a smart contract platform — one that lacks developers will struggle to grow. 262 Total views 4 Total shares The crypto industry has seen more than a 26% reduction in weekly active developers over the last three months amid a…

Low fees and high yield opportunities briefly pushed QuickSwap price above the $1,000 mark as the Polygon-based layer-2 solution sees adoption from new blockchain projects. 272 Total views 9 Total shares As the Ethereum (ETH) network progresses along the slow and steady path toward Eth2 and the full transition to proof of stake, layer-2 solutions…

Global auditing giant Ernst & Young has released the third iteration of its zero-knowledge proof Ethereum scaling solution. 583 Total views 3 Total shares Ernest & Young's (EY's) attempts to promote secure and private transactions over public blockchains at cheaper costs has culminated in the release of Nightfall 3.The company announced the news via a…