Cryptocurrency Analysis and News Portal
Bitcoin mining profitability has been dropping along with the market decline. The cash flow from the mining rigs has become increasingly stunted over time, causing bitcoin miners to begin selling their holdings to cover the cost of their operations. But even as this rages on, there is a bigger issue
Read More
The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as the government prepares to regulate the Russian crypto space. Central Bank
Read More
Hester Peirce, a commissioner for the U.S. Securities and Exchange Commission known by many in the space as Crypto Mom, is warning that a proposed rule from the agency could potentially affect the regulation of firms involved with decentralized finance.According to a Tuesday Bloomberg report, Peirce said that the 654-page
Read More
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has warned that plans by the agency to reform government securities trading could threaten decentralized finance (DeFi).Affectionately referred to as "Crypto Mom" for her longstanding support for the industry, Peirce believes a new SEC 654-page plan designed to add oversight to
Read More
Come on, Gary Gensler didn’t threaten the industry. Of course he didn’t, but… maybe he did? If a mafia boss repeated the exact same words, there would be no doubt. And we’re quoting him verbatim. This is exactly what the Securities Exchange Commission’s Chairman told The Washington Post. They had
Read More
Ethereum miners have formed a cartel of sorts to thwart the implementation of a now contentious proposal – one they say cuts into their bottom line unfairly.Eight Ethereum mining pools amounting to around 30% of the network’s hash power have cast their support behind tiny mining pool Flexpool’s stance against
Read More
The hacker that breached hardware wallet provider Ledger’s marketing database earlier this year has released personal data for thousands of users, prompting many to threaten the firm with a class-action lawsuit.According to a tweet from network security firm Hudson Rock's Alon Gal, a hacker allegedly behind the breach of personal
Read MoreChangpeng Zhao, the enigmatic chief executive of Binance, believes a central bank digital currency that’s designed well enough could become a threat to Bitcoin. In a video interview with Fortune senior writer Jeff Roberts, he was asked how the People’s Bank of China’s digital yuan initiative would affect the crypto industry.
Read More
China will trial its digital yuan with a mega food retailer, U.S. bills are seriously threatening online privacy and an a16z alum is launching a venture firm focused on distributed tech. Here’s the story: Trial PlanChina wants to trial its digital yuan with online food seller Meituan-Dianping as well as another two Tencent-backed companies. The
Read More
The private legal affairs of dozens of the world's biggest music and movie stars — Lady Gaga, Elton John, Robert DeNiro, and Madonna among them — are at risk of exposure following a ransomware attack on a high profile New York entertainment law firm.Grubman Shire Meiselas & Sacks have reportedly
Read More