El Salvador has taken a major step forward in its ambition to use renewable energy sources for cryptocurrency mining by launching its first local Bitcoin mining pool, “Lava Pool”. Spearheaded by Volcano Energy in conjunction with Luxor Technologies, the project will make use of Luxor’s Hashrate Forward Marketplace to automate risk management techniques. The project […]
Litecoin (LTC) is currently trading at $64 and has seen a 1.5 percent rise in the last 7 days. The digital asset has been mirroring Bitcoin’s price movement and is looking to break out of the $70 local resistance. Investors have placed orders to buy 234,370 LTC when the price drops 5 percent to hit […]
Elon Musk is facing legal proceedings from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena. The SEC is investigating whether Musk violated federal securities law with his Twitter purchase last year. The regulator has requested Musk’s testimony to obtain information relevant to its investigation. Musk had agreed to testify […]
Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, testified in the criminal trial of former CEO Sam “SBF” Bankman-Fried on October 5. Wang admitted to committing crimes with the help of Bankman-Fried, former Alameda Research CEO Caroline Ellison and former FTX engineering director Nishad Singh. Wang stated that Bankman-Fried was […]
Ripple and its XRP token have been gaining significant attention recently, following a key court win in July. This victory has caused the total number of XRP wallets to surpass 4.8 million. The crypto firm celebrated the success with a massive party in New York City, where CEO Brad Garlinghouse even got a tattoo to […]
Arthur Hayes, co-founder of BitMEX and macro-analyst, recently predicted that Bitcoin’s price will reach between $750,000 and $1,000,000 per coin within 3 years. His prediction is based on the idea that all financial assets are due for an unprecedented boom. Hayes believes that Bitcoin will remain near $25,000 to $30,000 this year, before rising beyond […]
Trust Wallet token (TWT) rose 10% to $0.90 on Oct 5, bringing its overall weekly gain to 25%. The TWT bulls are not through, as the coin eyes another 15% rise in the coming weeks due to a technical setup. TWT formed a “double bottom” pattern, best visible on the weekly chart. This setup entails […]
Images of a Bitcoin wallet, BitKey, developed by Jack Dorsey’s company, Block Inc., have surfaced as reports suggest that the product’s beta is nearing its distribution stage. The wallet is designed with self-custody in mind, ensuring that users have full control over their crypto balance. It is expected to include various secondary features including fingerprint […]
Julie Schoening, former chief risk officer at FTX-owned LedgerX, was terminated in August 2022 after raising concerns about special privileges granted to FTX’s affiliated trading firm Alameda Research. In May 2022, Schoening’s team discovered code showing that Alameda received special treatment, such as being able to have a negative balance as high as $65 billion. […]
Alameda Research, the parent company of FTX, has been accused of using customer funds without their knowledge. According to The Wall Street Journal, some U.S.-based employees of FTX reportedly knew that the exchange had a backdoor that allowed Alameda to withdraw customers’ funds. The employees discovered the backdoor while examining the code used by FTX […]
