Cryptocurrency

August 28, 2023

Laos halts electricity supply to crypto mining projects amid drought

The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power generation capabilities from hydropower plants.   […]
August 26, 2023

Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2

In the quarter ended June 30, Exodus’ revenue declined by 4% year-over-year, but its results were boosted by 6% cost reductions.   Exodus, the renowned cryptocurrency […]

Dropbox ditches unlimited storage offering, blaming crypto cloud miners

The storage platform turned to metered storage after discovering its advanced plan was being used by some for crypto mining and other resource-intensive tasks.   Dropbox, […]

DEA gets duped: Agency loses $55K in address poisoning scam

The United States Drug Enforcement Administration has yet to find those responsible for the attack but has enlisted the help of the FBI.   In what […]

ARK Invest, 21Shares join queue to offer Ethereum futures ETF

The co-filing comes just a week after reports emerged that the Securities and Exchange Commission is likely to greenlight Ethereum ETF applications.   On August 24th, […]
August 24, 2023

Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

The police force of Israel reportedly recommended to prosecutors that Moshe Hogeg be charged with fraud, theft, and money laundering and sex crimes.   Israeli entrepreneur […]
August 23, 2023

Crypto amplified financial risks in emerging markets: BIS papers

The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws.   The […]

BlockFi argues FTX, Three Arrows Capital aren’t entitled to repayments

BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.   The insolvent cryptocurrency lender BlockFi is striving to obstruct efforts from […]
August 22, 2023

Coin Center responds to US lawmakers’ request for crypto tax guidance

The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks. […]

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