Day: December 27, 2022

10 predictions for crypto in 2023

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This year has been a particularly tumultuous one for the crypto market, with many decentralized and centralized entities failing or struggling to stay afloat. It feels as though we are in the final stages of the bear market, with bad actors and practices being purged in a process that is both dramatic and necessary for the maturity of the entire system. Despite this, the Web3 technologies that emerge from this crypto winter will change everything.  Web3 represents the next evolution of information exchange, with similarities to the transformation from a…

Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading – Mining Bitcoin News

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Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations with a third party to sell certain assets” in order to “strengthen its balance sheet and improve its liquidity.” Argo Blockchain Requested a Suspension of Stock Trading Pending an Official Announcement On Tuesday, Dec. 27, 2022, the publicly-listed bitcoin miner Argo Blockchain (Nasdaq:…

Mango Markets Exploiter Eisenberg Arrested in Puerto Rico

According to the unsealed complaint, Eisenberg manipulated the price of perpetuals contracts (a type of futures contract popular in crypto markets) for Mango Markets’ native token MNGO. He sold massive amounts of MNGO perpetuals contracts to himself, thus pumping the price of those contracts 1,300% in under an hour. Source

Why The Bitcoin Mining Hashrate May Not Be Out Of The Woods Just Yet

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The bitcoin mining hashrate took a sharp nosedive as a historical storm tore through multiple US states. This saw power grids consolidate power to be able to provide enough energy for residents to heat their homes and some mining operations had to wind down to free up more of the electrical. There has been an increase in the hashrate since then but the worst may not be over yet. Bitcoin Hashrate Takes A Beating Electricity grids across the United States came under immense pressure as the country recorded one of…

Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists – Africa Bitcoin News

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The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in public. The DSS is still seeking to apprehend Emefiele despite losing its bid to have a Nigerian court sanction the arrest. Nigerian Court Refuses to Back Arrest Plot As the controversy surrounding the failed arrest of Central Bank of Nigeria (CBN) governor Godwin Emefiele continues to hog the limelight, a new report by Sahara Reporters said operatives from…