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Bitcoin
ORDI’s Record Rally — Leading the Charge in Bitcoin’s BRC20 Token Boom
On Dec. 26, 2023, the Bitcoin-based BRC20 token, ORDI, soared to a record $81.34 per coin before declining over 14% from its peak. BRC20s have emerged as significant players in the crypto asset arena, with several tokens mirroring…
MS Wallet Drainer Has Siphoned Over $58 Million Using Google and X Phishing Ads
A recent report from Scam Sniffer, an anti-scam solution, revealed that MS Wallet Drainer, a cryptocurrency malware tool, has managed to siphon over $58 million in crypto since March. The drainer uses Google search and X ads phishing links…
Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’
The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed…
Bitcoin’s Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders
Bitcoin's dominance by futures open interest has declined to 38% from nearly 50% two months ago.
China’s State Administration of Foreign Exchange Cracks Down on $2.2 Billion Crypto Exchange Ring
The Chinese State Administration of Foreign Exchange (SAFE) has cracked down on an underground bank that used crypto to offer illegal exchange services. The operation, which had over 1,000 bank accounts and a presence in 17 provinces, moved…
US Lawmaker Spotlights Crypto Bills Approved by House Committee This Year
U.S. Congressman Tom Emmer has highlighted various crypto bills that passed out of the House Committee on Financial Services this year. Among them is his appropriations amendment barring the U.S. Securities and Exchange Commission (SEC)…
Tim Draper Expects Bitcoin Price to Hit $250,000 in 2024
Venture capitalist Tim Draper has doubled down on his $250,000 bitcoin price forecast. “I would say that my number $250,000 will probably come pretty soon,” he emphasized, predicting that if the price of bitcoin hits $250,000,…
Coinbase Fires Back at Senator Elizabeth Warren — Says Accusations Are Unfounded
Nasdaq-listed crypto exchange Coinbase has responded to U.S. Senator Elizabeth Warren’s accusations that it hires national security veterans to oppose her legislation. “Your claim that Coinbase is attempting to undermine…
Survival of the Fittest: The Evolution and Consolidation of ASIC Bitcoin Mining Rig Makers
Several years ago, the landscape of ASIC bitcoin mining producers was diverse. Yet, over the recent couple of years, a select few top manufacturers have sustained the production of bitcoin mining rigs.
ASIC Mining’s Changing Landscape…
Bitcoin Breaks Records: Christmas Eve Sees Lifetime Surge in Daily Transactions and Hashrate
On Dec. 24, 2023, Bitcoin shattered yet another daily transaction milestone, with miners confirming 723,459 transfers in a single day. The transaction rate on Christmas Eve exceeded the former peak of 710,579 verifications on Nov. 19,…