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US Initiates Monitoring of Cryptocurrency Miners' Energy Consumption
February 1, 2024
The US Energy Information Administration (EIA) has announced that it will commence data collection on the energy consumption rates of cryptocurrency miners across the country. This Provisional survey, scheduled to …
Read morePolygon Labs Trims Workforce by 19% to Enhance Focus and Performance
February 1, 2024
Polygon Labs, the company behind Ethereum scaling network, announced a 19% workforce reduction, impacting around 60 employees across different departments. CEO Marc Boiron conveyed this in an internal memo, stating …
Read moreNew Ethereum Tokens Reportedly Targets of Pump and Dump Schemes in 2023
February 1, 2024
A new consensus suggests that a majority of Ethereum tokens introduced in 2023 may have been targets of pump and dump schemes, according to multiple analytical studies. Despite appearing potentially …
Read moreBinance Records Record-Breaking Spot Trading Volume Amid Legal Challenges
February 1, 2024
In spite of several legal obstacles and a shift in executive leadership, Binance, the world's leading centralized exchange by trading volume, has set new records in trading, as per a …
Read moreCelsius Network Emerges from Bankruptcy, Sets to Distribute $3B Crypto to Creditors
February 1, 2024
After its successful emergence from bankruptcy, Celsius Network has revealed plans to distribute more than $3 billion in cryptocurrency and fiat assets to its creditors. The disbursal plan was highly …
Read moreMonthly Crypto Roundup: ETF Withdrawals, Major Hacks, and Promising Upgrades
February 1, 2024
Top Crypto Stories for the MonthGlobal X withdraws application for Spot Bitcoin ETF in the U.S.Ripple Co-founder loses $113 Million to hackers, leading to a plunge in XRP valueBlockchain network …
Read moreLearn Concept: The Impact of Major Token Unlocks on Crypto Markets
February 1, 2024
Derived from our analysis of various news articles, our learning focus today is on the 'Token Unlock' concept, a critical event in the life of many cryptocurrencies. Recent events affiliated …
Read moreUK Police Confiscates $1.8 Billion Worth of Bitcoin Related to Chinese Investment Fraud
January 31, 2024
U.K. authorities have reportedly confiscated 61,000 BTC worth an estimated £1.4 billion, or $1.78 billion, connected to an investment scam that was operational in China. The individual implicated in the …
Read moreSpot Bitcoin ETF Application Withdrawn By Global X
January 31, 2024
The ETF provider, Global X has decided to withdraw its application for a spot Bitcoin ETF in the U.S. becoming the first to do so since multiple funds were approved …
Read moreFTX Promises Full Customer Compensation but Declines Exchange Reboot
January 31, 2024
Following the collapse of FTX crypto exchange, the firm has promised full reimbursement to its customers. Notwithstanding, the exchange won't be staging a comeback. Interestingly, the FTT token, associated with …
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