Category Archives: Blockchain

Demand for crypto mining equipment triples in Russia’s growing market

Demand for crypto mining equipment triples in Russia’s growing market

Russia’s cryptocurrency mining sector has experienced a remarkable surge in demand for mining equipment, with figures showing a threefold increase in just one year. This rapid growth is largely attributed to a combination of favorable regulatory changes and the expansion of mining as a legitimate and viable business in the country. In the fourth quarter […]

Polymarket banned in Singapore for operating as an ‘illegal gambling website’

Polymarket banned in Singapore for operating as an illegal gambling website

Polymarket, a decentralized prediction market platform that allows users to speculate on real-world events using cryptocurrency, has recently faced a significant setback in Singapore due to the country’s strict gambling regulations. As of January 11, Polymarket has officially been banned in the city-state under Singapore’s Remote Gambling Act of 2014, which places tight restrictions on […]

‘Government Efficiency’ meme coins lose value after Musk reverses cost-cutting plans

'Government Efficiency' meme coins lose value after Musk reverses cost-cutting plans

The recent surge of meme coins inspired by the so-called “Department of Government Efficiency” (DOGE) has taken a sharp downturn in value, much to the chagrin of investors who had initially been intrigued by the concept. These tokens, which were introduced as a satirical response to government spending and inefficiencies, saw notable drops in value […]

Mango Markets announces shutdown after $117M hack, giving users until January to exit

Mango Markets announces shutdown after $117M hack, giving users until January to exit

Mango Markets, a decentralized finance (DeFi) platform built on the Solana blockchain, has officially announced its complete shutdown following a massive hack in 2022, which saw the platform lose $117 million. The decision was made after the platform’s governance proposal received unanimous approval from the community, with over 23.3 million votes supporting the closure. In […]

Litecoin Price Wobbles as LTC ETF Approval Odds Fall

Litecoin Price Wobbles as LTC ETF Approval Odds Fall

Litecoin’s price remained volatile over the weekend, mirroring broader cryptocurrency trends, including Bitcoin’s struggle to stay above $95,000. Litecoin (LTC), which has historically been one of the more prominent proof-of-work cryptocurrencies, was trading at $103.03, reflecting a 30% drop from its peak earlier in 2024. This downturn is in line with many digital assets, which […]

8,000 BTC Buried in the Landfill and Other Horror Stories of Lost Coins

8,000 BTC Buried in the Landfill and Other Horror Stories of Lost Coins

The tales of lost cryptocurrency serve as harsh reminders of the importance of safeguarding digital assets. From hard drives discarded in the trash to wallets locked behind forgotten passwords, these horror stories highlight the risks of negligence in the world of crypto. One of the most infamous cases involves James Howells, whose efforts to recover […]

Jito surpasses Ethereum, Solana, and Uniswap in key metrics

Jito, the largest liquid staking project on the Solana blockchain, has been making significant strides in the decentralized finance (DeFi) industry. Recent data indicates that Jito is not only performing well in terms of total value locked (TVL) but also surpassing major blockchain platforms like Ethereum, Solana, and Uniswap in fees generated this year. This […]

Ethereum retreats as ETF outflows increase, CEX balances rise, and staking yields decline

Ethereum retreats as ETF outflows increase, CEX balances rise, and staking yields decline

Ethereum has faced a difficult period recently, as several key metrics suggest the second-largest cryptocurrency by market capitalization is under pressure. Despite the broader cryptocurrency market seeing fluctuations, Ethereum has faced significant challenges that have led to a retreat in its price. As of now, Ethereum is trading at $3,268, down from a high of […]

Shareholder urges Facebook parent Meta to fill its corporate treasury with Bitcoin

Shareholder urges Facebook parent Meta to fill its corporate treasury with Bitcoin

The National Center for Public Policy Research (NCPPR), a conservative think tank, has once again set its sights on a major tech company to adopt Bitcoin as part of its corporate treasury strategy. This time, the group is targeting Meta Platforms Inc., the parent company of Facebook, as it continues to push for greater adoption […]

NFT sales surge to $155M, with Pudgy Penguins leading the charge with an 82% increase

NFT sales surge to $155M, with Pudgy Penguins leading the charge with an 82% increase

The NFT market has seen a significant uptick in sales, reaching $155 million this week, despite the broader cryptocurrency market facing declines. Bitcoin has fallen 3% to $94,000, and Ethereum dropped 9% to $3,200, yet the NFT market is bucking the trend with positive growth. According to CryptoSlam data, NFT sales volume rose by 10.70%, […]