HSBC Australia has announced that it will block all customer payments to cryptocurrency exchanges via credit or debit cards, starting from July 24, 2024. The bank cites the high-risk nature of such transactions as the primary reason for this decision. HSBC Australia claimed scammers frequently exploit cryptocurrency exchanges, making it challenging to recover stolen funds. […] Source
Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining in 12-Month Period, Discovers 15,651 Blocks Out of 53,528 In the […] Original
The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the reason for this move. Kroo to Decline Cryptocurrency-Related Bank Transfer Requests London-based digital bank Kroo has barred its customers from […] Source CryptoX Portal
A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and the U.S. have sought his extradition on fraud […] Source CryptoX Portal
AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, sparking worries within the cryptocurrency community about network security. This series of blocks confirmed 20,686 transactions, resulting in over 23 BTC, valued at approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904, lasting one hour and 38 minutes. Data sourced from mempool.space reveals that AntPool accrued 1.283 BTC in fees in addition to 21.875 BTC from the block subsidy. What adds intrigue to this development is the involvement of Foundry…
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security. Source
This all follows the arrest of Tornado Cash co-founder Roman Storm, who faces allegations of money laundering and sanctions violations, as the Department of Justice accuses Storm and his co-developer Roman Semenov of facilitating more than $1 billion in money laundering via their mixing protocol, including, allegedly, for North Korea’s Lazarus Group. Source
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a high-priority transaction cost of 492 satoshis per virtual byte (sat/vB), equivalent to $44.83 per transfer. Bitcoin Mining Landscape Transforms With […] Original
Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m. […] Original
According to the latest data, we are now less than 1,400 blocks away from the anticipated Bitcoin halving event, which will decrease the block reward from 6.25 bitcoin to 3.125 bitcoin. Bitcoin’s value soared to a new all-time high on March 14, reaching $73,794 per bitcoin, but has since seen a 6.5% decline. Observers are […] Original