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...
The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday. The composite output index registered 51.4 in April, up from 50.3 in March. The reading stayed...
Kopin Corp., Inc. (KOPN) announced Tuesday that a jury verdict was entered on Monday in the U.S. District Court for the District of Colorado finding for the plaintiff, BlueRadios, Inc. and awarding approximately $5.1 million in damages as well as recommending $19.7 million in disgorgement and exemplary damages. The Court will take that recommendation under...
In a recent report, crypto investigator ZachXBT uncovered that nearly 12 Solana presale meme coins have been “completely abandoned” within the past month, collectively raising 180,650 SOL, equivalent to approximately $26.7 million. Despite the major fundraising, many of these meme coin projects have experienced sharp declines in value post-launch, with one project failing to launch...
Bitcoin halvings are a significant event in the world of cryptocurrencies. A halving occurs approximately every four years and has a direct impact on the issuance rate of new Bitcoins. Here’s how it works: The halving mechanism: Bitcoin’s block reward halves every 210,000 blocks (roughly every four years). Initially, miners received 50 Bitcoins per block,...
Power theft in the Sarawak state of Malaysia for crypto mining has been a growing problem for past several years. Recently, three covert crypto mining operations, suspected of electricity thefts, were uncovered in shophouses and residential homes in Miri region. Representatives from the Sarawak police and Sarawak Energy plant revealed estimated monthly losses of 30,000...
Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is “deeply undervalued,” despite revenue decline. According to its annual report released last week, Canaan’s total revenues shrank by 67.5% to $211.5 million in 2023 from $651.5 million in 2022. Canaan...
The Samsung subsidiary Samsung Next, an affiliate of Samsung Electronics, has made an undisclosed investment in the DePIN player Roam. Per the South Korean media outlet Global Economic, the money will help Roam build a network of global WiFi roaming nodes. The firm, operated by MetaBlox, is also building a DeWi (decentralized WiFi) ecosystem. #Roam...
Only1 has raised $5 million in investment funds to build a Web3 “OnlyFans clone” adult content platform on Solana, led by Newman Group. This move comes to take on OnlyFans, the leading adult content platform, with a $1 billion share of the $1.6 billion industry. To capitalize on the platform’s dominance, creators must pay a...
Nadeem Anjarwalla, a Binance executive facing charges in Nigeria who escaped from custody, was recently apprehended in Kenya after fleeing custody while awaiting extradition. Government sources familiar with the matter revealed that Anjarwalla’s arrest came after a concerted effort by law enforcement agencies from Nigeria and Kenya. The Kenya Police Service confirmed the arrest and indicated...