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Russia ‘Becoming a Crypto Mining Hotspot’

Russia has recently gained attention as a growing hotspot for cryptocurrency mining, with claims that its crypto mining hashrate is second only to that of the United States. Several factors contribute to this development, including favorable electricity tariffs, surplus energy reserves, proximity to China for equipment delivery, and relatively low taxes on company profits. However, […]

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Mastercard Expands Engage Program to Support Crypto and Blockchain Technology

Mastercard, the world’s second-largest payment-processing company, has recently announced the expansion of its Engage program to support the scaling of crypto and blockchain technology. This move highlights Mastercard’s commitment to embracing the potential of digital assets and its aim to facilitate the growth of the Web3 economy. Through the Engage program, Mastercard aims to provide

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Bitcoin Price Prediction: Bitcoin Surges Over $30,000 as Fed Chair Powell Discusses Rate Increases

The price of Bitcoin (BTC) has witnessed a remarkable surge, crossing the significant milestone of $30,000 and experiencing a 20% increase in the last seven days. This surge has attracted considerable attention from investors and analysts, who are now eagerly anticipating the future direction of BTC. Recent remarks from Federal Reserve Chair Jerome Powell regarding

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Crypto Scam: Bitcoin Hackers Leak Argentine Regulator’s Data Demanding Ransom in BTC

Crypto Scam: In a recent cyber attack, hackers known as MedusaBlog have released more than 1.5 terabytes of data from the Argentine Securities and Exchange Commission (CNV) on the dark web. The hackers targeted the CNV’s network and stole a variety of documents, including CNV hearings, meeting minutes, complaints, and databases. This breach occurred after

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SEC May Target DeFi and Stablecoins, Including Tether and USDC, Says Berenberg

U.S. Securities and Exchange Commission (SEC) to Extend Enforcement Crackdown to DeFi and Stablecoins, says Berenberg In a research report published on Tuesday, investment bank Berenberg stated that the U.S. Securities and Exchange Commission (SEC) is likely to expand its enforcement crackdown to decentralized finance (DeFi) and stablecoins. This move could potentially target two of

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Arbol Launches AI and Blockchain-Powered Parametric Insurance Platform for Severe Storms

Arbol Launches AI and Blockchain: Arbol, a US-based startup, has recently introduced dRe, a parametric insurance platform that harnesses the power of artificial intelligence (AI) and blockchain technology. Developed in collaboration with The Institutes RiskStream Collaborative, dRe marks a significant milestone in the realm of parametric reinsurance. Parametric insurance, also known as index-based insurance, offers

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Crypto News: Russian Citizen Arrested for Sending Crypto to Ukraine’s Armed Forces on Treason Charges

In a recent development, a Russian citizen residing in the Far Eastern territory of Khabarovsk Krai has been apprehended by the country’s secret service, the FSB, on charges of treason. The individual stands accused of sending cryptocurrencies to the Armed Forces of Ukraine, thereby violating the security interests of the Russian Federation. The arrest has

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Crypto Scam: Atomic Wallet Users Suffer Over $100 Million in Losses Due to Security Breach

Crypto Scam: Digital asset tracking firm, Elliptic, has recently disclosed that users of the popular crypto storage platform, Atomic Wallet, have experienced significant losses surpassing $100 million. The breach has impacted more than 5,500 wallets associated with the platform, raising concerns about the security measures employed by Atomic Wallet. Atomic Wallet acknowledged the compromised wallets

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Crypto News: UK’s Authority Approves Bitstamp and Interactive Brokers for Crypto Registry

Crypto News: In a recent development, the Financial Conduct Authority (FCA) in the UK has given its approval for Bitstamp and Interactive Brokers to join the financial regulator’s registry of crypto asset service providers. This marks the addition of the first businesses to the UK cryptocurrency register in the past six months. The FCA’s registration

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Bitcoin Price Nears $26,000 Ahead of US Federal Reserve Announcement

Bitcoin Price: As the market eagerly awaits the US Federal Reserve policy announcement, the price of Bitcoin (BTC) hovers around $26,000, remaining within its recent intra-day ranges. Investors anticipate the Fed to halt its aggressive interest rate hikes that have been implemented since March last year, resulting in a cumulative rate increase of 500 basis

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