Velvet Capital, a decentralized finance (DeFi) asset management protocol backed by Binance Labs, has been forced to temporarily deactivate its website following concerns over a potential phishing attack. Reports of abnormal behavior on Velvet Capital’s trading platform surfaced on April 23. Upon attempting to connect to the website, users encountered prompts to authorize wallet access. ...
As Bitcoin price hovers around $66,400, witnessing a minor dip of 0.50%, market participants are keenly observing its next moves. Amidst fluctuating market conditions, a pivotal aspect to consider is the potential impact of a proposed 30% excise tax on U.S. Bitcoin mining, which could reshape the industry landscape. This backdrop sets the stage for...
Celebrity poker player Antanas ‘Tony G’ Guoga won a pot worth just over $300,000 this weekend on the CoinPoker website, beating an anonymous whale in a high-stakes 1000/2000 game. The game took place as part of the Crypto Series of Poker (CSOP), which is making $1 million in prize money available across 41 tournaments. It...
A new project in Finland is turning energy from Bitcoin mining into energy to heat homes. Hashlabs Mining, a Bitcoin mining infrastructure firm, has pioneered a ground-breaking project that allows heat to be generated using specially designed Bitcoin mining devices. The project exploits hydro-cooled WhatsMiner M63S, an ASIC mining device, which produces hot water at...
Ian Rogers, the Chief Experience Officer (CXO) at Ledger, the popular crypto and NFT hardware wallet manufacturer, sat down for an exclusive interview with Cryptonews’ Matt Zahab. He discussed his move from the world of giants Apple and Yahoo to crypto and Ledger. Rogers also talked about the incoming Ledger Stax, adding that more secrets...
Bitcoin (BTC/USD) demonstrates robust performance, with a notable price surge to $66,270, an uplift of approximately 2.50%. This positive momentum places Bitcoin’s trading dynamics in the spotlight, crucial for those monitoring Bitcoin price predictions. As it surpasses the pivotal $64,853 mark, the digital currency may be poised for further gains, with key resistance levels emerging...
Finland’s Tax authority has found profits from sales of unreported crypto gains in 2023, amounting to €30 Million ($31.9 million). As a result, the EU nation has mandated reporting of income from the sale of mining digital assets. Per a report from a local media outlet Verkkouutiset, in line with the tax supervision following the...
Terraform Labs and its founder, Do Kwon, are facing hefty financial trouble after the United States Securities and Exchange Commission (SEC) filed a motion on April 19. The SEC is demanding $5.3 billion in fines following the commission’s win in its civil Terra-Luna case against the crypto mogul. Terraform Labs And Founder Facing Billions In...
The Nvidia stock and Bitcoin are two assets that stand out for their potential and volatility in the landscape of investment opportunities. Both have had their share of dramatic rises and falls, sparking debates among investors about their viability and future growth. This article aims to explore the performance and potential of each, helping investors decide which asset might...
PayPal unveiled a new program to encourage low-carbon Bitcoin mining on April 22. The payment giant plans to reward cryptocurrency miners using sustainable energy with Bitcoin. The proposed eco-friendly initiative for Bitcoin miners is a collaboration between PayPal’s Blockchain Research Group (BRG), Energy Web, and DMG Blockchain Solutions, a publicly traded blockchain company. Can New...