Hashkey Group launches Ethereum layer-2 ‘Hashkey Chain mainnet’
The launch follows a successful testnet period where 50 projects were deployed and more than 24.72 million transactions were completed.
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The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21
As much as we all would want last week to be about something else, it was still all about FTX. The Supreme Court of the Bahamas has approved two provisional liquidators from PricewaterhouseCoopers to oversee the assets of the crypto exchange, which is headquartered in the country. Several days later, The Securities Commission of the…
3 reasons Bitcoin price got rejected at $11,500 — and what comes next
The price of Bitcoin (BTC) rapidly fell after surpassing $11,500 on Binance between Oct. 14 and Oct. 15. Within two hours, it fell to $11,280, recording a 2.3% drop. After the fall, analysts are expecting another minor pullback in the near term.Three factors likely caused the rejection to occur include a sell-off on BitMEX, a…
Crypto-friendly Commissioner Quintenz isn’t leaving the CFTC this month after all
In April, he said he'd by gone by Halloween, but the plan has changed pending action in the Senate. Among the leadership of the Commodity Futures Trading Commission, Brian Quintenz is known as one of the leading voices in favor of crypto. His announcement in April that he would only stay “until the earlier of…
South Korean Government to Exclude Sale, Brokerage of Digital Assets from Venture Business
South Korean cabinet ministers have agreed to exclude digital assets trading companies from venture business classification, Business Korea reported September 27. Back in August, the country’s Ministry of Small and Medium-sized Enterprises (SMEs) and Startups (MSS) had already excluded cryptocurrency exchanges from legislation governing venture businesses, Cointelegraph reported.During the recent cabinet meeting held under the…
Bitcoin miners seek alternative energy sources to cut costs
During the 2021 bull market, many large mining companies took on massive loans to buy equipment and the proper infrastructure required to mine cryptocurrency. Yet the collapse of crypto exchange FTX and Celsius left many of these companies filing for bankruptcy. The current bear market, coupled with high Bitcoin network hash rates and low profits, has
Deceived Crypto Investors Launched Their Own Scam to Recoup Losses
Investors in China launched a crypto scam after being deceived themselves — and got busted by the police. Chinese police have reportedly arrested a group of scammers who launched a faux crypto scheme to recoup their losses after being defrauded by a number of different crypto-related cons themselves.According to an article from the Public Information…
Report: India ranks third in the world in terms of Web 3.0 workforce size
There are currently 450 Web 3.0 startup in the country, including four unicorns. 342 Total views 6 Total shares According to a new study published by the National Association of Software and Services Companies (NASSCOM), a non-profit organization in India with over 3,000 members, the country currently possesses 11% of the world's Web 3.0 talent.…
GSR and Interhash to Create Hedging Solutions for Bitcoin Miners
Liquidity service provider and digital asset market maker, GSR, announced a partnership with Interhash, the mining services company and strategic partner of mining rig manufacturer, Canaan, in an updated press release, Dec. 20. The partnership aims to provide risk management solutions for Bitcoin miners on Canaan’s network, allowing them to protect against losses and earn…