2023-02-05
Ethereum Global News

Is GPU mining profitable after the Ethereum Merge?

1.What does the Ethereum Merge mean for Ethereum mining and GPU miners? Ethereum upgraded from proof-of-work to proof-of-stake, meaning miners will be out of work, and their equipment will be useless. GPU miners are individuals that validate transaction blocks by using specialized graphics cards to solve challenging mathematical challenges. Miners use graphic cards because they […]

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Bitcoin Global News

Amid FTX collapse, crypto funds see largest inflows in 14 weeks

The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy. Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX and Alameda Research’s bankruptcies.  Digital asset investment products saw inflows totaling $42 million in the week […]

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Bitcoin Global News

FTX collapse followed by an uptick in stablecoin inflows and DEX activity

Investors piled into stablecoins following FTX’s collapse, and an uptick in DEX activity suggests a rising interest in self-custody options. On-chain data from Glassnode show Bitcoin’s BTC $16,950 movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week.  A similar movement occurred in April […]

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Bitcoin Global News

Charities risk losing a generation of donors if they don’t accept crypto

Crypto donations expose charities to a “new demographic of funders” that they can’t afford to miss out on. Charities accepting crypto donations are setting themselves up for an entirely new demographic of funders — who just so happen to be one of the most giving, according to charity organizations.  Alex Wilson, the co-founder of The […]

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DeFi Global News

Liquidity hub Serum forked by developers after FTX hack

SRM and MSRM tokens and fees discounts were not changed and were working as before, said developers. Solana’s developers forked the widely used token liquidity hub Serum after being compromised by a hack on the bankruptcy exchange FTX on Nov. 11 that led to a series of unauthorized transactions.  According to pseudonymous developer Mango Max on Twitter, […]

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Business Global News

CrossTower revises new offer for Voyager’s assets after FTX’s bankruptcy

Voyager reopened its bidding process after FTX US, the original winner, filed for bankruptcy on Nov. 11. Crypto exchange CrossTower is working on a revised offer for the assets of bankrupt crypto lender Voyager Digital, a spokesperson told Cointelegraph. Voyager announced the reopening of its bidding process after FTX US, the original winner in the bid, filed […]

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Business Global News

Crypto exchange Kraken freezes accounts related to FTX and Alameda

Kraken said it froze account access to certain funds “we suspect to be associated with ‘fraud, negligence or misconduct’ related to FTX.” United-States-based cryptocurrency exchange Kraken has frozen the accounts associated with “FTX Group, Alameda Research, and their executives,” on its exchange after engaging with authorities.  In a Twitter post on Nov. 13, Kraken said […]

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Blockchain Global News

Developers could have prevented crypto’s 2022 hacks if they took basic security measures

Crypto doesn’t need reversible transactions. It needs real-time threat monitoring and more audits. Users losing funds due to malicious activity is hardly unknown on Ethereum. In fact, it is the very reason researchers recently developed a proposal to introduce a type of token that is reversible in the event of a hack or other unsavory […]

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Blockchain Global News

Payments company Curve bids for BlockFi’s 87,000 credit card customers

A Curve spokesperson has confirmed they have been in negotiations to acquire BlockFi’s credit card program’s customers since Nov. 12. Payments company Curve is in active discussions to acquire crypto lender BlockFi’s more than 87,000 credit card customers — whose credit cards have been suspended since Nov. 11.  A Curve spokesperson told Cointelegraph that “outreach and negotiations” […]

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Blockchain Global News

US lawmaker blames ‘billionaire crypto bros’ for delayed legislation

The collapse of FTX has raised alarm bells across Washington, D.C.  cryptocurrency firms in the world has been a dramatic demonstration of both the inherent risks of digital assets and the critical weaknesses in the industry that has grown up around them.” “For years I have advocated for Congress and federal regulators to take an […]

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