UAE Offers Friendlier Crypto Scene Than US Due to Political Stability: Komodo CTO
Komodo CTO Kadan Stadlemann said the United Arab Emirates’ (UAE) political stability fosters a friendlier environment for crypto businesses to flourish, compared to the challenges they face in the US. In a jab at democracies, he said the UAE’s biggest advantage
Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024
Canaan has launched a new mining machine at the Bitcoin Asia 2024 conference. According to a recent report by the South China Morning Post, the new A1566 model marked the latest of Canaan’s flagship Avalon A15 series, engineered to help miners
Robert Kiyosaki Says Dollar Decline is Imminent, Advocates BTC, ETH Investments
Rich Dad Poor Dad author and renowned investor Robert Kiyosaki believes that the US dollar is losing value and expressed his support over crypto investments. During a recent episode of the podcast “The Rich Dad Channel,” Kiyosaki discussed the importance of
Arch Labs $7 Million to Develop Bitcoin-Native Application Platform
Arch Labs has secured a $7 million investment to develop a Bitcoin-native application platform. The seed funding round was led by Multicoin Capital with other participants and contributors including Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, Tangent, Cypher, and
Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency
In a latest response, Tether, the world’s largest stablecoin, has vehemently criticized Deutsche Bank’s statement, which questioned the sustainability of stablecoins and Tether’s solvency. A Deutsche Bank research, published Tuesday, studied 334 currency pegs since the year 1800 and concluded that
Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030
Tech leader Jack Dorsey is betting big on Bitcoin, forecasting a price explosion to over $1 million by 2030. As Pirates Wire’s Mike Solana asked for his take on Bitcoin’s future value, Dorsey said: “I don’t know. Over… at least a
Eclipse Labs CEO Steps Down Following Sexual Misconduct Allegations
Eclipse Labs founder and CEO Neel Somani has announced he will be “temporarily reducing” his role as the public face for the firm following serious allegations of sexual misconduct. Somani took to the social media platform X, formerly Twitter, to address
Attacker Returns $153,000 Worth of Ether to Victim After Stealing $68 Million
An attacker involved in a $68 million address poisoning scam has exhibited a gesture of goodwill by returning $153,000 worth of Ether to the victim. The address-poisoning attack initially saw the attacker tricking a user into transferring $68 million worth of
BlockFi Shuts Web Platform, Partners with Coinbase for Crypto Withdrawals
Embattled crypto lender BlockFi announced Thursday that it plans to close its web platform this month, and is partnering with Coinbase to distribute funds to clients. The New Jersey-based firm said its Coinbase partnership will allow eligible BlockFi Interest Account, Retail
Marathon Digital Reports Facing ‘Operational Challenges’ in Q1 Earnings
Bitcoin mining firm Marathon Digital reportedly battled against “operational challenges” to produce record financial results in the first quarter of 2024. In its first-quarter earnings report, the firm reported producing 2,811 Bitcoins during the first quarter of 2024, compared to 4,242