Month: February 2023

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace โ€“ Bitcoin News

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A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School Crawlspace Crypto Mine A report published by Bostonโ€™s WCVB network alleges that Nadeam Nahas, a former school employee in Cohasset, Massachusetts, stole electricity from the district to mine cryptocurrency. Nahas is accused of setting up…

FTX Japan reports $50M in withdrawals since Feb. 21

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Bankrupt crypto firm FTXโ€™s subsidiary in Japan has reported thousands moved from the exchange since resuming withdrawals on Feb. 21. In a Feb. 22 announcement, FTX Japan said users of the exchange and those at Liquid Global had withdrawn roughly 6.6 billion yen โ€” $50 million at the time of publication โ€” in cryptocurrency and fiat. According to the crypto firm, 7,026 account holders had moved funds from FTX Japan to Liquid and there were 5,697 transactions involving cryptocurrencies and 1,947 instances of users withdrawing fiat. The crypto firm said…

How Fantom and Optimismโ€™s DeFi and DApp development directly affects FTM and OP price action

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The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is, volatility is slightly higher for OP, which surged 240% year-to-date, compared to the 180% gains seen in FTM. The Fantom Foundation has made several improvements since Q4 2022, which have catalyzed an uptrend in the tokenโ€™s price. However, Fantomโ€™s ecosystem remains primitive while its competitors expanded to support new use cases. On the other hand, Optimism has shown robust community and decentralized application (dApp) development thanks to…

Why I Developed the Ordinals Bitcoin NFT Project

Bitcoin BitDevs, which started in New York City, is a community that hosts monthly meetups to discuss some of the more technical aspects of Bitcoin. Rodarmorโ€™s place at the helm in San Francisco is an indication of his commitment to testing out new Bitcoin ideas. Bitcoin BitDevs is a critical piece of Bitcoinโ€™s grassroots culture. Original Source BitcoinDevelopedNFTOrdinalsProject CryptoX Portal