Over 8,000 wallets were drained in a matter of minutes with an unconfirmed total of $7 million siphoned by the hackers. With roughly $6 million stolen within a 10 minute time frame from Phantom wallets, it is likely that the dollar amount of the stolen funds will increase in
Canaan Inc. (NASDAQ: CAN), a Chinese ASIC manufacturer has announced their intent to expand into the U.S. Bitcoin mining scene.
This comes after already having a successful pilot operation in the Bitcoin mining heavy country of Kazakhstan. Canaan has deployed over 10,000 of their own miners. “Mining in
Core Scientific Inc. (NASDAQ: CORZ), which holds the third largest Bitcoin stack by a publicly traded company after MicroStrategy and Tesla, has announced that they are expanding their mining operation by 75 megawatts (MW).
The company expects $50 million in increased revenue from the addition of new ASICs to its
A Bitcoin gaming startup called Zebedee has received $35 million in its Series B Funding round. This comes after they received $11.5 Million in a Series A round in September 2021. It is unclear whether the valuation has changed, but seeing as the user base has increased 10x in
Singapore has been long known for its forward thinking finance practices and has created an environment in which many crypto funds and companies have chosen to operate in. The Monetary Authority of Singapore (MAS) will release new regulation next month in an attempt to prevent future egregiously irresponsible crypto dealings
By now everyone is aware of the Three Arrows Capital (3AC) debacle. The fund somehow managed to fumble away a total of at least $3.5 Billion from 33 lenders. Court details of the liquidations of the creditors were leaked on July 18th but have been currently taken down.
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Going unnoticed for about a month, the Federal Reserve Bank of Cleveland released a paper on June 21st, 2022 discussing the Bitcoin Lightning Network and its uses.
The working paper focuses on the transactions per second compared to today’s solutions of Visa and Mastercard. The paper claims that if
On Tuesday July 5th, 2022 Voyager Digital announced how the company would attempt to make their retail creditors whole again after lending to Three Arrows Capital (3AC). 3AC is a crypto fund giant that blew up about $18 billion at its peak, borrowing from CeFi lenders like Celsius, BlockFi, and
