Tag: News

Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital – Mining Bitcoin News

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Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast have launched an investigation of the operators of a mining hosting facility suspected of defrauding clients and stealing their expensive coin minting hardware, Tass news agency reported, quoting the region’s Main Directorate of the Interior…

Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice – Bitcoin News

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After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire the bankruptcy and restructuring law firm Akin Gump Strauss Hauer & Feld LLP. However, a new report from the WSJ claims sources say that Celsius is now working with the restructuring advisory firm Alvarez & Marsal. Sources Say Celsius May Be Collaborating With…

A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday – Bitcoin News

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While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet. 4 Consecutive Block Rewards Spent on June 24, Data Suggests Spends Were Executed by a Single Entity A large number of so-called ‘sleeping bitcoins’ have awoken from slumber as four block rewards were spent at block…

Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M – Defi Bitcoin News

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While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend. Defi TVL Improves, Cross-Chain Bridge TVL Slips, $100 Million Stolen From Harmony’s Horizon Bridge Decentralized finance has taken a hit from the recent crypto bloodbath following the Terra blockchain fallout, the most recent Federal Reserve rate hike, and the…

Biggest Movers: SHIB Surges 10% on Saturday, as NEAR Hits 2-Week High – Market Updates Bitcoin News

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SHIB was trading by as much as 10% higher on Saturday, as crypto markets were mainly in the green. NEAR was also higher on Saturday, prices having now risen for three consecutive sessions. Overall, crypto markets are up 2.73% as of writing. Shiba Inu (SHIB) SHIB was one of the notable movers in crypto markets on Saturday, as prices rose by over 10% to start the weekend. The price of the meme coin rose to an intraday high of $0.00001178 in today’s session, which is the third straight daily gain…

ETH Climbs to Over $1,200 to Start the Weekend – Market Updates Bitcoin News

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ETH moved into the $1,200 region to start the weekend, as prices rose for a third consecutive session. Bullish sentiment has been missing from crypto markets in recent months, however the timely return also saw BTC near its highest point this week. Bitcoin Bitcoin entered the weekend trading in the green, as bulls extended their recent run for a third consecutive session. Following a low of $20,794.19 during Friday’s session, BTC/USD rose to an intraday peak of $21,520.91 on Saturday. Today’s move was the highest point prices have reached since…

Albania to Start Taxing Crypto-Related Income From 2023 – Regulation Bitcoin News

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Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. Albania Set to Impose Crypto Tax as Early as Next Year The Albanian state should begin collecting taxes on income from crypto assets as of 2023 in accordance with a new income tax bill, the local English-language portal Exit News reported on Friday. The government also hopes to pass a…

Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business – Metaverse Bitcoin News

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Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing business.” Taking part in Brave Group’s latest funding round were two local companies, foreign investment funds, as well as individual investors. Metaverse Market Growth A Japan-based virtual IP business, Brave Group Inc., recently said it had raised $10 million in new funding, thus bringing the total raised so far to…

Saddle․Finance Creates New Standards for DeFi Trading – Sponsored Bitcoin News

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sponsored DeFi is a sub-sector in the crypto industry that has witnessed significant innovation since its inception. However, the narrative has struggled to stay consistent, affecting the domain overall. The current bear market has wiped out more than half of DeFi Total Value Locked (TVL), hampering innovations. Furthermore, several projects have simply forked (copied) existing protocols and brought zero ideas to the market. Amidst all of this, one project is making strides with the best innovations DeFiers have seen in a long time. Saddle Finance is the protocol that enables…

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