Recently, several users of the MEXC exchange have taken to social media to express their grievances regarding random “clawbacks” and centralized withdrawal freezes that have resulted in the confiscation of their funds. One user, going by the name of “Al Gore Rhythms,” reported a deduction of $33,658 from his spot account. When he questioned customer
Blockchain
Hut 8, a prominent Bitcoin mining company, recently made the decision to close its mining site in Drumheller, Alberta, Canada. The closure was attributed to power disruptions and escalating energy costs which severely impacted the site’s profitability. Despite contributing approximately 1.4% of Hut 8’s Bitcoin production, the Drumheller facility consumed around 11% of its hash
The United Kingdom has recently announced plans to incorporate stablecoins and central bank digital currencies (CBDCs) into its regulatory structure to adhere to EU standards. This move marks a significant step towards aligning with the rest of the European Union in terms of crypto regulation. Former Bank of England official Varun Paul highlighted the UK’s
Avail, the decentralized application (DA) project, has reached a significant milestone on its Goldberg testnet by successfully processing over 100 million transactions. This achievement marks a pivotal moment in Avail’s preparation for the launch of its mainnet. The project’s latest social media post highlighted the successful completion of this milestone, showcasing the project’s ability to
Coinbase, one of the largest cryptocurrency trading platforms, is once again facing technical issues amidst heavy trading activity. Some users have reported issues such as seeing a $0 account balance and increased latency on the platform. This is not the first time that Coinbase has encountered such problems, as less than a week ago, similar
Recently, a U.S. court made a significant ruling that classified the trading of specific cryptocurrency assets on secondary markets, including platforms like Coinbase, as securities transactions. This ruling came about in an insider trading case involving former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and their associate Sameer Ramani. The Securities and Exchange
The past seven days have seen a significant shift in the NFT landscape, with Bitcoin non-fungible token (NFT) sales surpassing Ethereum. Data from CryptoSlam shows that Bitcoin NFT sales reached $168.5 million, an impressive 80% week-over-week growth, while Ethereum generated $162 million in sales during the same period. This surge in Bitcoin NFT sales can
The recent case of a man in his thirties being sentenced to five years in prison for crypto-related fraud highlights the growing trend of scammers targeting AfreecaTV BJ stars in South Korea. These BJ stars, who are celebrities in their own right on the leading real-time streaming platform, have become victims of increasingly sophisticated schemes
Ethereum scaling solution Arbitrum has collaborated with trading app giant Robinhood to introduce a new token swap integration in Robinhood’s self-custody wallet. The joint announcement was made at the ETHDenver conference, signaling a significant move in the crypto space. This integration allows users of Robinhood Wallet to engage in transactions using Arbitrum, leveraging the layer
It was reported on February 29, 2024, that the once-defunct crypto hedge fund LedgerPrime has re-emerged under the new name MNNC Group. Following the collapse of the FTX crypto exchange in November 2022, LedgerPrime was forced to cease its operations. However, MNNC Group has managed to raise an impressive investment amount in the “mid-eight-figures” to