Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining activities and stealing electricity.” Malaysian Authorities Shut Down Bitcoin Mining Operation Malaysian police have cracked…
2021 seemed like the year cryptocurrency grew up. Bitcoin broke out of its three-year bear market in November 2020, going on a massive rally vaulting it into mainstream public consciousness. It was a great year for enthusiasts for sure. We saw Bitcoin become legal tender in El Salvador, and other countries begin walking in President Bukele’s footsteps. Lightning Network began…
The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end. OSC Says Binance’s Action Is…
Bitcoin (BTC) is likely to end 2021 well below analysts’ target projections of $100,000. Kraken CEO Jesse Powell, who had also projected a $100,000 price target for Bitcoin, still remains bullish in the long term, but he does not rule out a sharp drop in the short term. One of the negatives that may add pressure to Bitcoin in the…
The co-founder of Twitch, Justin Kan launched a gaming-centric non-fungible token (NFT) marketplace called Fractal on December 30. Fractal’s focus is on NFTs with video game utility and the project launched an NFT collection called “Fractals,” a 100,000 unique snowflakes that give users benefits while using the primary and secondary NFT marketplace. Twitch Co-Founder Launches Fractal NFT Market On December…
The legendary Detroit rapper Eminem has aped in to the Bored Ape Yacht Club (BAYC). He purchased one of the Ethereum-based Apes for 123.45 ETH ($452,000) on Thursday night and has since made the ape his profile picture on Twitter. Meanwhile, he appears to have collected at least 15 NFTs so far on OpenSea under the name Shady_Holdings. Eminem is…
The Humanity-Altering Potential Of Bitcoin As we enter 2022, we should all stop and marvel at how far Bitcoin has come over the past 13 years. What started as a white paper has grown through infancy and into a healthy, robust, adolescent global phenomenon. Against the backdrop of clown world simulation shifting into ever-higher gears, Bitcoin has become a heartbeat…
Bitcoin (BTC) and the broader cryptocurrency market turned lower Friday afternoon, erasing intraday gains to cap off a highly successful year on a weaker note. Market Update The BTC price fell below $46,000 Friday and was last seen hovering below that level, according to data from Cointelegraph Markets Pro and TradingView. The flagship cryptocurrency is down over 5% from its…
There’s a New Year’s Eve fiesta in the metaverse called the Metafest 2022 Global Party hosted by the real estate firm Jamestown and the crypto investment firm Digital Currency Group (DCG) in Decentraland. According to the announcement, the owner of One Times Square, Jamestown will recreate the iconic site in Decentraland for the 2022 ball drop. NYE Meets the Metaverse…
I trained as a financial historian. My academic work focused on banks and financial markets in the past, and I was always fascinated by iconic bubbles of financial history — the tulip mania, the financial boom of the 1690s, the South Sea Company and Britain’s many financial panics in the 19th century. I wrote a thesis on the 1847 commercial…
