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Cryptonews Latest News

Latest News (Page 1198)

Many Bitcoin Miners Struggle to Make Profits: Cantor Fitzgerald
Bitcoin mining is getting less profitable as many publicly traded miners might face potential profitability challenges following the next Bitcoin halving event. According to a recent report by Cantor Fitzgerald, 11 major mining companies, including Marathon Digital (MARA), Riot Platforms (RIOT),...
, by Hongji Feng
Swan Bitcoin Expands into Mining, Plans Public Listing
Swan Bitcoin, a firm specializing in Bitcoin-focused financial services, has recently launched its bitcoin mining unit named Swan Mining. According to Swan Bitcoin’s recent announcement, the “stealth mode” Swan Mining began operating in Summer 2023 and has already mined 750 Bitcoins to date. The...
, by Hongji Feng
Polygon Nearly Matches Ethereum in Crypto User Acquisition in 2023
Layer-2 scaling network Polygon (MATIC) came close to matching Ethereum (ETH) in terms of crypto user acquisition in 2023. According to blockchain analytics firm Flipside, Polygon acquired an impressive 15.24 million users during the year, falling just shy of Ethereum's 15.4 million users. To...
, by Ruholamin Haqshanas
Eco’s Beam Wallet Developer Acquires Join for Integrated Amazon and Shopify Purchases
Eco Inc., the crypto payments company behind the self-custody wallet Beam, announced its acquisition of Join, a shopping app that allows users to purchase stablecoins at major merchants like Amazon and Shopify. According to the announcement, this acquisition will lead to the integration of...
, by Hassan Shittu
Polygon Labs and Warner Music Group Accelerate Web3 Evolution in Music
In collaboration with Warner Music Group (WMG), Polygon Labs has unveiled the two grant recipients for the inaugural Web3 Music Accelerator program. The initiative, announced in June 2023, aims to foster innovation at the intersection of Web3 and the music industry. The Web3 Music Accelerator...
, by Hassan Shittu
US SEC Delays Decision on Grayscale’s Spot ETH ETF Application
The U.S. Securities and Exchange Commission (SEC) delayed its decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF) on Thursday, as per a Reuters reported. A day before the US regulator had delayed...
, by Jai Pratap
UK Supreme Court Refuses Self-Proclaimed Bitcoin Inventor Craig Wright Appeal: Report
The UK’s Supreme Court has denied self-proclaimed Bitcoin inventor Craig Wright permission to appeal a ruling in his case against podcaster Peter McCormack, according to a report by CoinDesk. Wright, who claims to be Bitcoin inventor Satoshi Nakamoto was only entitled to £1 in...
, by Tanzeel Akhtar
Ransomware and Darknet Markets Top List For Most Prominent Crypto Crimes
A new report from blockchain analysis firm Chainalysis found that crypto related crimes decreased in 2023. While notable, findings also show that ransomware and darknet market activity involving cryptocurrency increased considerably. Eric Jardine, cybercrime research lead for Chainalysis, told...
, by Rachel Wolfson
Avalanche Foundation Embraces Meme Coin Culture With $100 Million Fund (edited)
On January 23, the nonprofit organization behind the Avalanche blockchain network announced a $100 million fund to support meme coins and other community coins. As described in their statement, the Avalanche Foundation views meme coins as having high community value due to the culture and...
, by Trent Alan
Ethereum Dencun Upgrade Timelines Shared For Sepolia and Holesky Testnets – Mainnet Next?
The highly anticipated Ethereum hard fork Dencun is gearing up for its testnet debut on Sepolia and Holesky in the upcoming weeks. Confirming this development in a recent blog post, the Ethereum Protocol Support Team stated that the latest upgrade to the smart contract network is scheduled for...
, by Jimmy Aki
SBF-Connected Billionaire Joe Lewis Pleads Guilty to Insider Trading Charges
Billionaire Joe Lewis, who has connections to FTX founder Sam Bankman-Fried, pleaded guilty to insider trading charges in Manhattan federal court on Wednesday.Lewis is facing extensive prison timeLewis pleaded guilty to one count of conspiracy to commit securities fraud and two counts of securities...
, by Julia Smith
Worldcoin to Launch New Orb Which Looks “Similar to an Apple Product”: Report
Worldcoin is seeking to release a new version of its futuristic-looking Orb device. Alex Blania, CEO and co-founder of Tools for Humanity, the company behind Worldcoin, told TechCrunch that the new Orb will resemble an Apple product. “The new orb is coming and the next iterations will...
SEC Chair Gensler Tempers Enthusiasm Over Ethereum ETF Applications
Securities and Exchange Commission Chair Gary Gensler has downplayed the possibility of Ethereum ETF applications being approved in the near future. In a media briefing on January 24th, Gensler clarified that the recent approval Bitcoin ETFs by the agency was exclusive to Bitcoin. This...
Charles Hoskinson Predicts 2024 Will Be the Biggest Year of Growth for Cardano
Cardano’s co-founder Charles Hoskinson has projected 2024 as the biggest year for massive growth in the network’s ecosystem. In a recent broadcast released for the community, Hoskinson noted that it will be a year for growth while highlighting development roadmaps, integrations and...
, by David Pokima
Ozys’ Former Chief Security Officer Allegedly Weakened Security of Network Weeks Before $81.5M Hack
South Korean blockchain network Ozys has made a damning revelation in the aftermath of its January 1, 2024 platform hack. In a January 25 Medium blog post, Ozys CEO Jinhan Choi clarified that the breach was not a result of overlooked security measures on their part. Rather, it was a...
, by Jimmy Aki
Crypto Firm XBTO Loses Headline Sponsorship Deal with Messi’s Inter Miami CF
XBTO has officially lost its place as Inter Miami FC’s headline sponsor, with cruise liner Royal Caribbean taking the crypto firm’s place. “A significant moment in authentic partnership” Royal Caribbean confirmed the news in a press release this week, stating that the...
, by Julia Smith
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