El Salvador is launching Lava Pool, the nation’s first Bitcoin mining pool powered by renewable geothermal energy. The venture is a collaboration between energy company Volcano Energy and tech corporation Luxor Technology. The pool will be maintained by Volcano Energy, with 23% of its net income going to the Salvadoran government. Luxor’s Hashrate Forward Marketplace […]
Bitcoin (BTC) saw a swift comedown after a failed attempt to reach $28,000 on October 5th. Data from Cointelegraph Markets Pro and TradingView showed that the market dropped up to $700, or 2.5%, after the rejection. Material Indicators, an on-chain monitoring resource, warned of a fresh downturn and suggested that another attempt could be made. […]
Raoul Pal, CEO of Real Vision and macro investor, believes that the next crypto bull market will begin in Q2 of next year, coinciding with the Bitcoin halving. He believes that macroeconomic factors, such as central banks cutting interest rates and potential fiscal stimulus, will be the main catalysts for the uptrend. Pal does not […]
Ethereum has recently seen a large exchange outflow, with 110,000 ETH (worth around $181 million) being withdrawn from centralized exchanges. This is the largest outflow since August 21st and the lowest supply on exchanges since May 2018. The outflow could be a sign of buying activity in the market, as investors take their coins off […]
Sam Bankman-Fried, the former CEO of crypto exchange FTX, is currently on trial for alleged fraud. On the third day of the trial, Adam Yedidia, Bankman-Fried’s former roommate at MIT and FTX developer, testified about the $8-billion deficit the exchange reported prior to its bankruptcy. Yedidia informed Bankman-Fried about a bug in FTX’s code which […]
The crypto market is showing signs of a potential bull market, according to Jennifer Murphy from Runa Digital Assets. Murphy believes that the crypto winter is slowly thawing and that spring is upon us. She has shared her perspective on the crypto market and indicators that the bull may be upon us.Murphy has identified several […]
Amid the ongoing trial of FTX co-founder and former CEO Sam Bankman-Fried, a report has surfaced alleging that some of the company’s US-based employees found a hidden backdoor allegedly used by Alameda Research to siphon billions worth of customer funds from FTX, six months before the crypto exchange’s fall.The employees reported the issue to the […]
Crypto companies in the Netherlands, including Bitvavo and Coinmerce, have won a legal battle against the Dutch central bank (DNB) over a $2.3 million fee imposed for anti-money laundering registration. The Rotterdam court ruled that the DNB had overstepped its legal authority in assessing the registration requests. The court also highlighted that it is not […]
Anarchy (ANA) is a new meme-based cryptocurrency project that is challenging the reigning champion, Floki Inu, in the meme coin market. Anarchy is a rebellious token with a mission to challenge corrupt systems and potentially rival FLOKI’s position in the market. It is the perfect blend of fun, profit, and change in society. Anarchy leverages […]
The Hong Kong Securities and Futures Commission (SFC) has teamed up with the Hong Kong Police Force to form a working group to investigate and monitor crypto exchange-related crimes. This comes after the Dubai-based JPEX exchange, a major player in the Hong Kong crypto industry, was involved in a scandal. The SFC revealed this in […]
