August 2023

Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko

August 20, 2023 boss

There is a significant worldwide contrast in household electricity expenses for individual Bitcoin (BTC) miners. While producing one Bitcoin in Italy costs $208,500, in Lebanon, it’s roughly 783 times cheaper, according to a recent report. Published on Aug. 17, CoinGecko’s report revealed that only 65 countries are profitable for solo Bitcoin miners, based solely on household electricity costs. Among these, 34 countries are in Asia, while Europe only has five. However, solo Bitcoin miners find themselves at odds with the worldwide average of household electricity costs. “The average household electricity cost to…

OpenSea Will No Longer Support NFTs Minted On This Blockchain

August 19, 2023

In November last year, NFT marketplace Opensea announced that the Binance Smart Chain Chain (BSC) was one of the several blockchains it was adding support for. However, that collaboration seems to be ending less than a year after. OpenSea To End Support For BSC NFTs In an announcement on the X (formerly Twitter) platform on August 17, the NFT marketplace stated that users would no longer be able to list or buy NFTs minted on the BSC chain. However, users “will still be able to view, discover, and transfer BSC…

Drake-backed gambling startup Stake faces legal hurdles in Australia

August 19, 2023

Stake’s expansion plans are marred by a legal showdown. An Australian share trading platform of the same name is threatening to take the startup, founded by billionaire Ed Craven and backed by hip-hop star Drake, to court. Sydney’s Stake vs. Drake’s Stake Stake, the online casino, was originally prohibited from offering its gaming services in Australia unless it obtained a casino license. Once the company pursued a license and registered a number of trademarks, it drew scrutiny from a Sydney-based share trading platform of the same name. The trading platform…

Ethereum Whale Avoids Market Crash, Do They Know Something You Don’t?

August 19, 2023 boss

While the broader cryptocurrency market recently took a nosedive, some mysterious Ethereum whale successfully escaped with $41 million worth of ETH. Days later, the price of ETH went down, along with BTC and other cryptocurrencies. Did this whale know something the rest of the market didn’t? Ethereum Whale Sells $41 Million Before Market Crash In the early hours of August 18, the crypto market saw investors reacting to SpaceX selling its $373 million Bitcoin holdings, pushing down Bitcoin by more than 8% in a matter of minutes. During this period,…

BNB Chain’s cross-chain bridge exploit shakes crypto community

August 19, 2023

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BNB Chain’s cross-chain bridge (0x489a) recently fell victim to a major exploit. Following the hack’s massive financial losses, concerns about project security emerged. Peckshield advisory reveals massive losses Investors and security professionals are reeling from an attack on BNB Chain’s cross-chain bridge in which the severity of the harm inflicted was made clear in a stern advisory released by Peckshield, a blockchain security company. Peckshield’s research indicates that the exploiter liquidated about 1.1 million $vBNB tokens,…

Binance contemplates legal action following breakup with Checkout.com

August 19, 2023

Binance is considering legal recourse after payment processor Checkout.com abruptly decided to cut ties with the crypto exchange. Checkout.com’s letters of termination, issued on Aug. 9 and Aug. 11, allude to regulatory concerns, money laundering allegations, and compliance inquiries. Binance, however, asserts a contrary stance, stating that it does not agree with Checkout’s “rationale for termination.” The firm, under the helm of CEO Changpeng Zhao, is reportedly pursuing potential legal remedies. Despite the partnership dissolution, Binance emphasizes that user services remain unaffected and on-ramp and off-ramp facilities are operational. The…

SEC seeks appeal over Ripple, crypto prices plunge, EU Bitcoin ETF

August 19, 2023 boss

Top Stories This Week Judge grants SEC request to file motion for appeal in Ripple case Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to file a motion, on Aug. 18, requesting permission to bring a case to the U.S. Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Torres…

Terra users face domain issue amidst legal drama

August 19, 2023

Terra users are being urged to exercise caution as a security issue with Terra.money comes to light. The incident occurs against legal turbulence in the crypto world, highlighting the industry’s ongoing struggle for stability. Terra, a blockchain platform renowned for its stablecoin, has recently identified a potential threat to its users’ online safety. 2/ Rest assured, the Terra blockchain is unaffected and your funds remain secure. Updates will be provided as soon as the issue is resolved. Thank you for your understanding and patience. — Terra 🌍 Powered by LUNA…

Polkadot and Cosmos falling, Everlodge charting higher

August 19, 2023

Polkadot (DOT) and Cosmos (ATOM) are down in the last month, with increasing speculation on their price movements in August. While this prints out, real estate platform Everlodge is trending higher. This article looks into the recent dip in Polkadot and Cosmos as well as what’s in store for DOT and ATOM in August. Further, the report will delve into the Everlodge ecosystem and its offerings in real estate. Polkadot is falling Polkadot is an interoperable blockchain. In June, DOT, the native token of Polkadot, fell. This is despite Polkadot…

The $200 Million BNB Bridge Exploiter Just Got Liquidated On Venus

August 19, 2023 boss

According to Coinglass, the crypto market witnessed more than $1.04 billion in liquidations during this period. Of this, a BNB position on the Venus lending protocol belonging to the perpetrator of the BSC bridge $560M hack was liquidated. The BSC Bridge Hack: Understanding One of Crypto’s Biggest Exploits The BSC brdige hack in October 2022 was one of the biggest exploits in crypto and DeFi history, with the hacker stealing nearly $593 million in BNB. But the story didn’t end there as the hacker tried to launder as much money…