Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged Crypto Fraudster, Prepares to Hand Him Over to Turkish Judiciary Police in Albania arrested 27-year-old Turkish…
Ethermine, the world’s largest Ethereum mining pool, announced the launch of a staking pool service for users today. The service, Ethermine Staking, will permit users to contribute funds as low as 0.1 ETH to a massive pool of user contributions that will be collectively staked to create and earn new ETH, once the much-anticipated merge transitions Ethereum to a proof-of-stake…
In brief OptiFi, a Solana-based decentralized exchange, said on Monday that it accidentally shut down its program and that all funds are now inaccessible. Some $661,000 worth of USDC is now permanently locked within the program. OptiFi said that it will fully refund affected users. A single mistake in DeFi can have permanent and very expensive results—as the creators of…
Crypto lending platform Nexo has increased the size of its buyback program, giving the company more discretionary ability to repurchase its native token to boost interest payments or make strategic investments in the future. On Aug. 30, Nexo disclosed that its board of directors had committed an additional $50 million to buybacks, building off the company’s initial $100 million repurchase…
Tl;dr: The following post recaps this episode of Coinbase’s Around The Block podcast in which Viktor Bunin hosts Coinbase CEO Brian Armstrong and Ethereum co-founder Vitalik Buterin discuss decentralization, privacy, and a credibly neutral Ethereum. By Viktor Bunin, Senior Protocol Specialist at Coinbase Cloud After 7 years of research and development, the Merge is just around the corner. A crowning…
Changpeng Zhao (CZ), CEO of Binance, criticized the creation of a novel “free-to-own” business model in the GameFi space on Tuesday, writing: “If everything will be free in the world, why do we have to work so hard…” The Binance CEO then explained that nothing is absolutely free, pointing to how the exchange can offer zero trading fees for Bitcoin…
Ether (ETH) is the second largest crypto by market capitalization and the absolute leader in decentralized applications by deposits. Becoming a victim of its own success, the network experienced a fee hike in November 2021 when the average transaction costs surpassed $50. That’s precisely why the Merge is a critical step to implementing a fully functional scaling solution. The confirmation…
A pro-Bitcoin mining report from self-proclaimed philanthropist Daniel Batten has claimed that Bitcoin (BTC) could become a zero-emission network. The report builds upon data from the Bitcoin Mining Council to understand the impact of carbon-negative energy sources on Bitcoin’s overall carbon footprint. Following investigation and extrapolation of the results, it claims to then “predict when the entire Bitcoin network becomes a…
Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022’s tumultuous crypto market. Cleanspark’s Hashrate Surpasses 3 EH/S, Bitcoin Miner’s Executive Chairman Says…
Tether Holdings Limited has clapped back at The Wall Street Journal over an article it claims spread “false information” about the stablecoin issuer’s profitability, solvency and accounting standards. In an Aug. 29 article, the Journal claimed that Tether could be deemed “technically insolvent” if its assets fell just 0.3%. That conclusion was drawn from Tether’s reported assets and liabilities as…
