Picking the right DeFi wallet comes down to selecting a solution that supports the right assets and products while offering user’s a minimum level of security, simplicity, guidance and convenience. The number of DeFi wallets continues to increase, making it more difficult for users to determine which one is the best for them. Therefore, it becomes crucial for users to…
Ricardo Navvaro, an ecologist in El Salvador, has questioned the country’s decision to mine Bitcoin using geothermal energy from volcanoes, claiming geothermal energy is more expensive than oil, per The Telegraph. “Geothermal still costs more than oil, otherwise we would already be using more of it. What will end up happening is that we will just be buying more oil,”…
When discussing bitcoin mining centralization, the issue almost always gets muddied immediately. One person might think in terms of mining pool distribution, another in terms of hash rate distribution across jurisdictions, and yet another might be chiefly concerned with how many manufacturers of mining hardware there are. People frequently boil the entire topic down to just a narrow aspect of…
Bitmart, a cryptocurrency exchange, suffered an attack yesterday that exploited some security vulnerabilities in order to gain access to the funds of the exchange. The attack targeted the hot wallets of the platform, specifically the Ethereum and Binance Smart Chain-based wallets. The hackers managed to take almost $200 million in tokens from the platform. Bitmart Hot Wallets Exploited …
Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales increasingly eager to sell Highlighting its exchange whale ratio metric, CryptoQuant deduced that major Bitcoin…
Crypto exchange Binance is again trying to gain a license in the UK under the Financial Conduct Authority (FCA), according to The Sunday Telegraph. This news comes after the exchange was categorically dismissed by the FCA earlier this year. “We’re fully re-engaged there. We’re making a number of very substantial changes in organizational structures, product offerings, our internal processes, and…
beginner Changelly is thrilled to announce that from now on, the TRV token will be available on our platform. Users can easily and quickly exchange TRV tokens for other digital assets at floating rates. Additionally, TRV/BTC and TRV/USDT trading pairs are open for trading on Changelly PRO. TRV is a non-minable utility token used for paying for services and goods…
Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, as per a report published in Economic Times. The banking giant announced it has partnered with the leading crypto exchange WazirX, which would allow traders to use the banking services to liquidate their funds. The partnership between the two parties is being…
Sheldon Xia, the CEO of BitMart, said that the crypto exchange will refund the users who fell victim to a large-scale hack on Saturday night out of its own pocket. Xia took to Twitter on Monday morning to confirm that the incident was caused by a stolen private key to two of BitMart’s hot wallets. “BitMart will use our own…
Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked. On Dec. 9, the startup officially announced the successful completion of a Series A funding round co-led by Alameda and Mirana Ventures, a venture partner of Bybit exchange and BitDAO. The new funding will reportedly…
