Nearly $5 million has been drained from digital asset exchange ZB.com’s hot wallet in a likely hack. Security firm PeckShield made the announcement Wednesday on Twitter, posting data showing that $4.8 million in over 20 cryptocurrencies, including SHIB, USDT, and MATIC, had been transferred out of the exchange on Tuesday. The tokens were then sold on a number of decentralized…
MicroStrategy (MSTR) stock opened higher on Aug. 3 as investors digested the news of its CEO Michael Saylor’s exit after a depressive quarterly earnings report. Microstrategy stock up 142% since May lows On the daily chart, MSTR’s price surged by nearly 14.5% to $324.55 per share, the highest level since May 6. The stock’s intraday gains came as a part…
Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility. In a Wednesday announcement, Riot said its miners had produced 318 Bitcoin in July, more than 28% less than the 443 BTC the firm reported generating in July 2021. According to Riot CEO Jason Les,…
A bill introduced by a Senate committee would grant the Commodity Futures Trading Commission “exclusive oversight” over what it defines as a “digital commodity.” The Digital Commodities Consumer Protection Act of 2022, introduced by the Senate Agriculture Committee, outlines definitions for the new category of commodities, including Bitcoin and Ethereum but excluding financial instruments considered securities. The legislation also mandates…
Foundry Digital has donated 1 BTC to a pseudonymous open-source developer – 4ss0.The developer is working on Stratum V2, a communication protocol for miners and mining pools.Specifically, the developer will improve the decentralization of block templates and strengthen censorship resistance on the protocol. Foundry Digital, an institutional service provider for bitcoin mining, has donated 1 BTC to a pseudonymous developer…
The archdiocese of Washington, D.C. of the Roman Catholic Church will begin accepting donations in cryptocurrency as part of an effort to grow its ministries. In a Tuesday announcement, crypto platform Engiven said it would be facilitating donations to the Roman Catholic Archdiocese of Washington, D.C. for fundraising efforts and to increase the church’s “digital stewardship initiatives.” According to the…
Erick Calderon, aka “Snowfro,” shot to prominence one year ago as the creator of NFT generative art platform Art Blocks. But his journey into crypto was a roundabout one. After almost a decade working at the ceramic tile company he founded with his father, Calderon first heard about Bitcoin from his brother in 2013. “He mentioned something about mining Bitcoin…
English Oxford City Football Club will begin accepting bitcoin as payment at its RAW Charging Stadium.CoinCorner partnered with the football club in a multi-year agreement.CoinCorner will also be the back of shirt sponsor and will enable Oxford to support its Lightning-enabled Bolt Card. The Oxford City Football Club, a UK-based national league in the sixth-tier, has partnered with CoinCorner to…
Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed president Charles Evans explained on Tuesday that the central bank would likely keep up the larger than usual rate hikes until inflation is remedied. The Fed Is ‘Nowhere Near’ Done When It…
Bitcoin (BTC) rose to daily resistance at the Aug. 3 Wall Street open as United States equities gained on relief over Taiwan. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks gain as US dollar coils Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to the area just below $23,500, which had figured as resistance since the start of the…
