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Core Scientific Buys 27K Bitcoin Mining Servers in a $77M Deal with Bitmain

September 22, 2023

In a major consolidation move within the crypto mining industry, Core Scientific has decided to purchase 27,000 Bitmain S19J XP 151 TH bitcoin mining servers. The deal involves a mix …

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Crypto Analytics Firm Nansen Faces Security Breach, User Data Exposed

September 22, 2023

Renowned cryptocurrency analytics platform, Nansen, suffered a serious security breach compromising customer access to their systems. The incident took place on September 20 when one of Nansen's trusted third-party vendors …

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FTX In Crisis: Lawsuit Against Ex-Affiliates and Bulk Buyout of Bankruptcy Claims

September 22, 2023

FTX is amidst a whirlwind of financial challenges. Following the recent collapse, the bankrupt crypto exchange has filed a lawsuit against former employees of its Hong Kong affiliate, Salameda. The …

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Crypto Exchange Mt. Gox Repayment Deadline Delayed to October 2024

September 22, 2023

The repayment deadline for the hacked cryptocurrency exchange Mt. Gox has been extended by a year, according to a letter published by the Rehabilitation Trustee. The decision was made to …

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Binance and CEO Push for Dismissal of SEC Lawsuit

September 22, 2023

Binance Holdings and its CEO, Changpeng Zhao, have sought dismissal of the US Securities and Exchange Commission (SEC)'s lawsuit against them. A petition has been filed claiming that SEC had …

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In-depth Analysis: DNS Attack on DeFi Protocols

September 22, 2023

Domain Name Service (DNS) attacks, a type of malicious activity where an attacker interferes with the DNS resolution process, are becoming prevalent in the crypto world, causing significant losses. A …

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Ex-Employee Alleges Firm's Error to be Behind Dramatic Bitcoin Drop in 2021

September 21, 2023

An error by an employee of Alameda Research, a trading firm, is said to have caused Bitcoin's price to drop by 87% on Binance.US in 2021, according to a former …

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UK's Financial Regulator Issues Final Warning to Crypto Firms on Upcoming Compliance Deadlines

September 21, 2023

The Financial Conduct Authority (FCA), the UK's financial markets regulator, has issued a stern warning to cryptocurrency firms about the upcoming financial promotions regime due to start in October. The …

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Binance's Stablecoin Delisting Concern Raises Questions Over MiCA

September 21, 2023

Binance's CEO, Changpeng Zhao has dismissed recent reports stating that his cryptocurrency exchange is planning to delist stablecoins for European users in preparation for the forthcoming Markets in Crypto Assets …

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Web3 Gaming Firm 'Proof of Play' Secures $33 Million in Seed Funding

September 21, 2023

Web3-based gaming company 'Proof of Play', helmed by Farmville's co-creator Amitt Mahajan, has successfully raised $33 million in a recent seed funding round. The raised capital will be used to …

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