In recent years, there has been a surge in interest in cryptocurrencies like Bitcoin, Ethereum, and others. While some countries have embraced these digital currencies, others have been more cautious. India, for example, has been grappling with how to regulate…
Ethereum Staking Profit: Only 16% of Ethereum Stakers Are realizing Profits as Shanghai Upgrade Looms. Expert Tips for the Upcoming Shanghai Upgrade
The upcoming Shanghai upgrade for Ethereum is expected to bring about changes that could affect the profitability of staking. In this article, we explore the profitability of Ethereum staking before the upgrade. According to data from Staking Rewards, only 16…
Ripple’s (XRP crypto) Fate in Limbo as Supreme Court Fails to Address Fair Notice in Ripple Case
Recently, the U.S. Supreme Court has denied Ripple’s petition to hear its argument that the U.S. Securities and Exchange Commission (SEC) failed to provide the necessary fair notice about Ripple (crypto XRP) being considered a security. This marks a significant…
SEC Filed Miami-based Investment Advisor BKCoin Management of $100 Million Crypto Fraud Scheme
On March 6, 2023, the Securities and Exchange Commission (SEC) announced that it had taken emergency action against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, regarding a crypto asset fraud scheme. The SEC’s complaint,…
Revolutionary TeraWulf Launches Nuclear-Powered Bitcoin Mining at the Nautilus Facility in Pennsylvania for 8000 crypto miners
TeraWulf, a leading bitcoin mining company, has announced that it has energized nearly 8,000 bitcoin mining rigs at its Nautilus facility in Pennsylvania. The company has partnered with Energy Harbor to power the facility with nuclear energy, making it one…
Cardano Makes History: Wraps First Bitcoin(cBTC) on its Network, Unlocking New Possibilities for Interoperability and Decentralized Finance
Cardano, a blockchain platform that hosts the cryptocurrency ADA, has announced that it has successfully wrapped its first Bitcoin (cBTC) on its network. This means that Bitcoin (BTC) can now be used on the Cardano network, enabling users to take…
Green Revolution in Cryptocurrency Mining: International Energy Agency Proposes Mandatory Carbon Emissions Reporting
Cryptocurrency miners may soon be required to report their carbon emissions as part of a wider push towards greater sustainability in the industry. This article explores the reasons behind the proposed regulation, the potential impact on the mining industry, and…
Bitcoin Adoption as Legal Tender in El Salvador Leads to 95% Boost in Tourism, Highlighting Potential Benefits of Cryptocurrency for Developing Countries
El Salvador became the first country to adopt Bitcoin as legal tender in September 2021, and since then, it has been closely watched by the cryptocurrency industry and the wider world. One unexpected consequence of this move has been a…
Bitfinex and Tether Accused of Falsifying Documents and Covering Up Losses, Shattering Investor Trust – WSJ
Bitfinex and Tether, two of the most prominent companies in the cryptocurrency industry, have been accused of falsifying documents to access banking services, according to a report by the Wall Street Journal. The allegations come as part of a wider…
SEC Cracks Down on Binance.US for Operating as Unregistered Securities Exchange: Will Cryptocurrency Survive Regulatory Onslaught?
The Securities and Exchange Commission (SEC) in the United States has taken action against Binance.US, accusing the cryptocurrency exchange of operating as an unregistered securities exchange. The move comes as part of a wider regulatory crackdown on the cryptocurrency industry,…