Bitcoin miner Riot says chip shortage, climate-focused regs are risks to profit

As part of its annual report’s risk disclosures section, Riot Platforms said it expects to continue paying “higher than usual” costs for ASIC miners until the chip crisis is resolved.

Bitcoin miner Riot says chip shortage, climate-focused regs are risks to profit

Bitcoin BTC $51,071 miner Riot Platforms said that an ongoing chip shortage, the constant need to grow the hash rate and a deepening pro-climate agenda in the United States could ...

6 months ago

MicroStrategy’s X account hacked, shilling Ethereum token phishing scam

Hackers took over the official MicroStrategy X account, posting a series of malicious links to a fake airdrop for a so-called Ethereum-based MSTR token.

MicroStrategy’s X account hacked, shilling Ethereum token phishing scam

Business intelligence firm MicroStrategy’s X account has been hacked, posting malicious links to a fake airdrop of a so-called “official” Ethereum-based MSTR token. A...

6 months ago

Circle partners with Krafton and Naver Z’s joint venture to build ‘Roblox-style’ metaverse

Circle CEO Jeremy Allaire said the gaming platform is working to launch a “large-scale Roblox-style metaverse” built on Circle’s wallet infrastructure.

Circle partners with Krafton and Naver Z’s joint venture to build ‘Roblox-style’ metaverse

Stablecoin issuer Circle Internet Financial announced its partnership on Monday with Overdare, a joint venture set up by South Korean gaming and metaverse giants Krafton and Naver Z Corporation....

6 months ago

OFAC Flags 10 Wallet Addresses Linked to LockBit Affiliates in Ransomware Crackdown

OFAC flagged ten wallet addresses associated with the two LockBit affiliates.

OFAC Flags 10 Wallet Addresses Linked to LockBit Affiliates in Ransomware Crackdown

The Treasury Department’s Office of Foreign Assets Control (OFAC) included numerous wallet addresses associated with two individuals from Russia in its list of specially designated nationa...

6 months ago

Blast-based GambleFi platform 'RiskOnBlast' allegedly rugpulled presale participants for $1.3 million

The gambling platform, RiskOnBlast, has allegedly siphoned off $1.3 million in ether raised during a seed round.

Blast-based GambleFi platform 'RiskOnBlast' allegedly rugpulled presale participants for $1.3 million

Blast-based gambling project RiskOnBlast allegedly rugpulled investors by emptying funds on Feb. 25 after it raised 420 ether, or $1.29 million, in a token presale last week. Its website an...

6 months ago

Chinese Authority Warns of Fake Digital Yuan App Scam

Fake App Scheme Break-Down

Chinese Authority Warns of Fake Digital Yuan App Scam

The Chinese Ministry of Industry and Information Technology (MIIT) has issued a warning about new fraudulent schemes involving counterfeit digital yuan applications. According to a rec...

6 months ago

Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns

Bankman-Fried’s Legal Quagmire

Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns

Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, a...

6 months ago

Reddit Is Invested In Bitcoin and Ethereum, SEC Filing Shows

The firm may add other cryptos to its treasury in the future if regulators determine that they are not securities.

Reddit Is Invested In Bitcoin and Ethereum, SEC Filing Shows

Social media platform Reddit filed an S-1 registration statement with the Securities and Exchange Commission (SEC) on Thursday in a bid to go public on the New York Stock Exchange (NYSE). ...

6 months ago

Texas Crypto Firm Lejilex Sues SEC Following Overstretched Securities Classification

Crypto Freedom Alliance of Texas Stands With Lejilex

Texas Crypto Firm Lejilex Sues SEC Following Overstretched Securities Classification

Texas-based cryptocurrency firm Lejilex has filed a lawsuit against the Securities and Exchange Commission (SEC) over securities labels on cryptocurrency assets. The lawsuit filed on F...

6 months ago

Andreessen Horowitz Fuels Crypto Startup EigenLayer With $100 Million Investment

Venture Giant Backs Restaking EigenLayer Amid Regulatory Scrutiny

Andreessen Horowitz Fuels Crypto Startup EigenLayer With $100 Million Investment

In an important move for the blockchain sector, Andreessen Horowitz has invested a substantial $100 million in EigenLayer, a crypto startup, to support blockchain security and efficiency. ...

6 months ago

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