Month: July 2024

The Department of Justice (DOJ)’s U.S. Marshals Service has selected crypto exchange Coinbase to provide crypto custody and trading services. The U.S. government’s contract, valued at over $32 million, aims to streamline the management and disposal of seized cryptocurrencies, ensuring professional and lawful handling. Coinbase Wins $32M Contract With US Marshals Service Crypto exchange Coinbase […] Source: https://news.bitcoin.com/doj-selects-coinbase-to-provide-crypto-services-to-us-marshals-service/

In brief Actress Sydney Sweeney’s Twitter account was apparently hacked for the second time this year. It was used to promote a Solana meme coin called SWEENEY. The tweets have since been deleted. Sydney Sweeney appeared to suffer yet another crypto-related Twitter hack on Tuesday afternoon, when the prominent actress’ account began aggressively shilling a new Solana meme coin before…

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The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to the lack of clarity in the area. Paraguay Raises […] Source: https://news.bitcoin.com/paraguay-raises-bitcoin-mining-power-fees-by-14-companies-mull-stopping-operations/

Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in […] Source: https://news.bitcoin.com/coinmetrics-report-bitcoin-mining-faces-turbulence-in-q2-2024/

Kraken, the renowned cryptocurrency exchange, is exploring the use of nuclear energy as a power source for its data centers. This move comes amidst an anticipated surge in decentralized finance and growing demand for its services. Kraken Exploring Nuclear Power Solutions Kraken’s chief technical officer, Vishnu Patankar, revealed in an exclusive interview with CoinDesk that the company is looking into…

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From Jason Derulo to Iggy Azalea and Caitlyn Jenner, there’s been a rush of celebrities flooding the meme coin world—though the initial novelty of this latest wave of celebrity coins may be wearing off on traders, especially amid a rise in scams aiming to capitalize on the craze via hacked social media accounts. Rapper Waka Flocka Flame (aka Juaquin James…

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