Deniz Saat

Electronics conglomerate Samsung reported that the company will begin trial production on their three nanometer (3nm) chips for application-specific integrated circuits (ASICs). ASICs are currently the most efficient way to mine Bitcoin and Samsung’s new chip will help make the process more efficient and faster. According to the report,

A term sheet is currently being finalized between derivatives exchange FTX and digital assets platform BlockFi due to extreme market volatility and mismanagement within the company.  According to CNBC, an FTX spokesperson said the company “would not be commenting on the matter.” BlockFi was also unavailable to comment. FTX had

Twitter user @CryptoInsider23 posted a thread claiming that Circle’s USDC stablecoin “is on the brink of collapse.” The account explains that they were able to come to this conclusion by looking into Circle’s SPAC IPO filings. From the provided tweet and infographic, Circle is currently paying Signature Bank

On June 27th, 2022 a Twitter account by the name of @FatManTerra revealed that an insider within CoinFLEX was allowed to borrow $47 million of uncollateralized USDC as a loan. CoinFLEX stated on June 23rd that their platform would be halting all withdrawals due to the current market volatility. Almost

During the market’s recent volatility, a number of companies have experienced liquidity issues because of the sudden downturn in prices across Bitcoin and all other cryptocurrencies.  The latest company to halt withdrawals is CoinFLEX, a derivatives exchange that also offers financial services and crypto yield was founded in 2019

In a tweet from Binance on June 13th, 2022, the company stated that they will be temporarily pausing Bitcoin withdrawals on the BTC network due to “stuck” on-chain transactions. The company explained that only the BTC network withdrawals were having issues and that Bitcoin may be withdrawn to the Ethereum

New York’s State Senate voted to pass bill S6486D which will invoke a two-year moratorium on Bitcoin and cryptocurrency mining operations that use the Proof-of-Work mechanism to validate transactions. The State Senate voted 36-27 in favor of passing the bill into law. The bill will now be sent to

Chipotle Mexican Grill, Inc. recently announced that the majority of their restaurants will now accept payments in Bitcoin and other cryptocurrencies. The company has an established presence in countries like the U.S., U.K., Canada, Germany, and France.  Methods of Payment Chipotle has partnered with Flexa in order to