Ripe for the squeeze? Bitcoin mining stocks remain under attack from short sellers

Security researchers from virtual private networks-focused website vpnMentor have identified a users’ private data breach from digital currency loan platform YouHodler, according to a press release shared with Cointelegraph on July 24.According to vpnMentor, the leak exposed over 86 million records that contained information such as full personally identifiable information, credit card numbers and credit…

Asset management giant Fidelity is delving deeper into the digital asset space with the announcement of an analytics platform called Sherlock.In an announcement on April 29, Fidelity Investments — which has $10 trillion assets under management — unveiled a digital assets data and analytics solution to assist institutional investors and fund managers.The platform, dubbed Sherlock,…

After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees. 201 Total views 1 Total shares Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of…

Chinese internet giant Tencent will work with a local disruptor insurance company to develop new blockchain solutions, Bloomberg reported on April 30.Waterdrop, which forms part of China’s rapidly-expanding crowdfunded health insurance industry, will leverage Tencent’s existing presence and experience in the field to create as yet undefined blockchain tools.The move follows the closure of Waterdrop’s…

The bill would direct federal agencies to scrutinize how El Salvador implements its Bitcoin law. 1670 Total views 50 Total shares El Salvador president Nayib Bukele reacted to the news that the recently proposed Accountability for Cryptocurrency in El Salvador Act (ACES) had passed the U.S. Senate Foreign Relations Committee and will now head to…

Bitcoin bulls are finding it increasingly difficult to preserve earlier gains, which came thanks to U.S. inflation numbers.

The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,”…

Developing economies are more affected by issues related to remittances and inflation, BitMEX’s CEO said. 750 Total views 4 Total shares Countries in the developing world will soon follow in the steps of El Salvador and make Bitcoin (BTC) legal tender, BitMEX CEO Alexander Höptner recently predicted.In a Wednesday blog post, Höptner expressed support for El…