TeraWulf claims to be the most profitable miner on a per-share basis, with an average production cost of $40,000 per Bitcoin. Source: https://cointelegraph.com/news/terawulf-bitcoin-mining-facility-launch-tech-partnership?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up […] Source: https://news.bitcoin.com/bitcoins-latest-difficulty-rise-challenges-miners-already-facing-revenue-slump/
Trump's 4th NFT collection sees $2.2M in sales
Donald Trump’s latest NFT collection sparked criticism, with some describing the former president’s crypto push as a “grift.” Source: https://cointelegraph.com/news/trump-fourth-nft-collection-america-first-sales?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto Hackers Stole Half as Much in August as They Did in July, Says Immunefi
Good news: August saw a significant decrease in cryptocurrency losses due to hacks and fraud, according to a recent report from Immunefi. Total losses amounted to $15,082,000 across five incidents, marking the lowest monthly total year-to-date and a 94.5% decrease from July. As Decrypt reported at the time, July saw cross-chain DeFi protocol Li.Fi losing about $11 million to a…
Io.net partners to launch world-first proof-of-AI
io.net collaborates with FLock.io to introduce PoAI, a consensus mechanism designed to ensure integrity and scalability in decentralized AI networks. Source: https://cointelegraph.com/news/poai-flockio-decentralized-ai-consensus?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Navigating the Web3 Gaming Frontier: Insights From Ilya Abugov of Sanctor Capital
Sanctor Capital is a sanctuary where bright minds can find the support they need to maximize their impact on the industry. They have a long successful track record of guiding early-stage projects to Web3 market success. Ilya Abugov is a Partner at Sanctor Capital, a blockchain investment firm. He recently joined the Bitcoin.com News Podcast […] Source: https://news.bitcoin.com/navigating-the-web3-gaming-frontier-insights-from-ilya-abugov-of-sanctor-capital/
Has Telegram violated EU laws, and why has its founder been charged in France?
As Telegram CEO and founder Pavel Durov is now released on a $5.6 million bail, France, as an EU member state, continues working on the case. Source: https://cointelegraph.com/news/telegram-europe-violation-durov-charges?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Warren Buffett’s Berkshire Hathaway crosses $1T — nears entire Bitcoin market
Buffett’s profits this year is almost the same as what an average Bitcoin trader has generated in 2024. Source: https://cointelegraph.com/news/warren-buffett-s-berkshire-hathaway-is-now-almost-worth-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trader loses $1M in scam after Kylian Mbappe’s X account is hacked
The trader lost over $1 million within a single hour, not realizing that the Real Madrid footballer’s account was hacked before endorsing the scam token. Source: https://cointelegraph.com/news/trader-loses-1-million-fake-mbappe-token-scam?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Scammers ditch ‘elaborate’ crypto Ponzis for pig butchering: Chainalysis
The lifespan of scams is getting shorter as cybercriminals change tactics and target individuals on social media. Source: https://cointelegraph.com/news/crypto-scammers-pivot-pig-butchering-chainalysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound