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Illegal Crypto Miners in Malaysia Stole $723M Worth of Electricity Since 2018

Illegal crypto mining operators in Malaysia have stolen $723 million worth of electricity between 2018 and 2023.

, by Ruholamin Haqshanas

US Energy Dept. Seeks Industry Inputs to Survey Crypto Mining Energy Usage

The US Department of Energy (DOE) is once again attempting to survey crypto mining firms, after the first attempt was slapped by a lawsuit. The Energy Information Administration (EIA), the statistics arm of the DOE, on Wednesday, held a public webinar in the context. The meeting sought comments...

, by Sujha Sundararajan

Compound Finance Website Appears Hijacked, ZachXBT Warns

The Compound Finance website has apparently fallen victim to a hijacking incident, according to crypto investigator ZachXBT.

, by Ruholamin Haqshanas

Texas Jury Acquits Crypto Miner Marathon of Noise Violations Following Local Residents’ Complaints

A Texas jury has acquitted Marathon Digital's site manager of 12 noise violations linked to the company's mining operations near Granbury.

, by Ruholamin Haqshanas

Terraform Labs to Sell 4 Businesses Amid Bankruptcy Proceedings

Bankrupt crypto firm Terraform Labs has announced plans to sell four of its businesses as part of a $4.5 billion deal with the SEC.

, by Ruholamin Haqshanas

Trump Scheduled to Speak at Nashville Bitcoin Conference

Republican Presidential hopeful Donald Trump will be addressing one of the crypto industry’s upcoming largest conferences at Nashville, Tennessee, later this month. The conference organizer updated Wednesday that Trump would be the event’s main ‘headliner’. The Bitcoin...

, by Sujha Sundararajan

Jack Dorsey’s Block Strikes Deal to Supply Bitcoin Mining Chips to Core Scientific

Jack Dorsey's Block has sold its first 3-nanometer mining ASICs to Bitcoin miner Core Scientific, according to a July 10 statement. The deal’s financial details have not been disclosed yet. However, the mining chips are expected to boost Core Scientific's existing mining capacity of 24.6...

, by Shalini Nagarajan

Crypto Bribery Cases on the Rise in Russia

Russia is seeing an increase in the number of crypto bribery cases where corrupt individuals receive payment in tokens such as Bitcoin (BTC), lawyers say. In an interview with Svoy Kirovsky Portal, Marina Odintsova, the head of the Kirov branch of the Association of Lawyers of Russia, said there...

Crypto Exchange BitMEX Pleads Guilty to AML Breaches Under Bank Secrecy Act

Crypto exchange and derivative trading platform BitMEX pled guilty to violating the Bank Secrecy Act on Wednesday. The US Attorney for the Southern District of New York said that BitMEX willfully failed to establish, implement, and maintain an adequate anti-money laundering...

, by Shalini Nagarajan

Crypto Industry Leaders Confront White House on Regulatory Challenges

Top crypto industry leaders reportedly met with a senior White House official in Washington on Wednesday where they discussed their concerns about the Biden administration's stricter crypto regulations and explored ways to improve their relationship. Fox Business reported on July 10 that the...

, by Shalini Nagarajan

Hamster Kombat Mania Driving Massage Gun Sales in Russia

Hamster Kombat mania is driving up percussion massage gun sales in Russia, as the Telegram-based game’s popularity skyrockets, a report has claimed. Per Vedomosti, Russian e-commerce sites have reported a rapid rise in sales of Theragun-like massage devices. Hamster Kombat Mania Sweeping...

Uniswap Urges SEC To Leave DeFi Alone Following Supreme Court Decision

With the Supreme Court ruling late last month against the government-favored “Chevron Deference,” one crypto industry leader being targeted by the agency is already using the decision to its advantage. In a letter to the Securities and Exchange Commission (SEC) on Wednesday, lawyers...

, by Andrew Throuvalas

Goldman Sachs to Introduce Three Tokenization Initiatives in 2024

Goldman Sachs is set to launch tokenization projects by the end of 2024, targeting money market funds and real estate, according to a July 10 report. Fortune reported that Goldman Sachs seeks to leverage public or private blockchains to tokenize real-world assets (RWAs), enhancing investment...

, by Hongji Feng

Cyprus Issues Alert to Accounting Professionals to Combat Crypto Terror Financing

The Institute of Certified Public Accountants of Cyprus (ICPAC) has issued a critical alert urging accounting professionals to bolster their monitoring and Know Your Customer (KYC) measures to combat the increasing use of crypto in terrorist financing. The Cyprus regulatory authority has called...

, by Hassan Shittu

Solana Price Prediction: ETF Readiness Boosts SOL’s Prospects Over XRP

The Solana price has remained largely motionless today, holding to $141.09 as the crypto market as a whole clings onto a 1% gain in the past 24 hours. SOL has now lost 1.5% in a week and 11.5% in a month, although the fifth-biggest coin in the market is still up by a very healthy 580% in a...

, by Simon Chandler

Core Scientific New Mining Chips from Block to Boost Hashrate by Nearly 15 EH/s

Block, Inc. (SQ) and Core Scientific (CORZ) have entered into a landmark agreement that will see Core Scientific receive Block's newly developed 3-nanometer mining ASICs, enhancing Core Scientific’s hashrate by approximately 15 EH/s (exahashes per second). This collaboration marks one of the...

, by Hassan Shittu

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