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In the last 72 hours, several media outlets, including Cointelegraph, have reported that Nairaex is currently selling Bitcoin (BTC) at $38,000. This, however, is incorrect and should be regarded as a mistake on the part of these news outlets. According to a post on Nairaex’s official Twitter handle,
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A social token platform built on the Ethereum network, Rally, has hit rock bottom. This follows an announcement by the company Tuesday. The news came via an email to the Rally community saying that the platform’s sidechain would be disabled on January 31. “As most of you are aware,
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Bankrupt lending protocol, BlockFi has earned court approval to sell its remaining assets. As a lending and borrowing platform, BlockFi, which let users earn interest on their deposited cryptocurrencies. In November 2022, the platform filed for bankruptcy due to its connection with FTX, which had previously extended the firm several
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Bitcoin’s mining difficulty, on Sunday, hit a new all-time high, rising roughly 4.68% from 37.59 trillion to 39.35 trillion. By industry standards, mining difficulty is the figure that represents the computational power required to mine a single BTC. It’s updated roughly every two weeks. It
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Financial services provider, Mastercard has partnered with Binance, the world’s largest crypto exchange, to launch a prepaid rewards card in Brazil. The prepaid card will allow customers to make everyday purchases with cryptocurrency. Through this partnership, new and existing Binance users will be able to use the card to
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World’s largest crypto exchange, Binance has revealed that it may have mistakenly kept collateral backing some of its Binance-peg tokens (B-Tokens) in the same wallet as other company funds. The B-Tokens allow users to trade popular cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC) on the crypto exchange'
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Blockstream, a Bitcoin technology company Blockstream has raised $125 million to break further into Bitcoin mining. This development comes at a time when players in the mining sector struggle to stay afloat. Mining is the way the network confirms new transactions and is a critical component of the blockchain ledger&
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Following the $100 million hack of the Harmony protocol in June 2022, the FBI announced Monday it has concluded that the North Korean hacker organization Lazarus Group was behind it. Over $60 million of ETH stolen during the heist was laundered on January 13, six months after the fact. That
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A report by Reuters has said Sean O’Neal, a lawyer representing bankrupt lending protocol, Genesis has a measure of confidence that the platform will resolve its dispute with creditors this week. "Sitting here right now, I don't think we're going to need a mediator,
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Digital currency trading platform Coinbase appears to be far away from solving its gain issues which it will encounter from the digital currency market nosedive, notwithstanding its maintained reputation and reliability in the digital market, investment reviewers noted. Lending rating protocol Moody’s published a statement concerning Coinbase, this past
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An initial legal proceeding for Genesis Capital’s insolvency filing is slated for January 23rd at 14:00 Eastern zone, as noted on legal documents. Judge Sean H. Lane under the US insolvency court for the South region of New York has been appointed to try the issue. According to
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Digital currency creditor Genesis has declared bankruptcy and signed up for Chapter 11 in the South region of New York. The protocol outlined a debt of a billion dollars to $10 billion and holdings of its equivalent, as noted in the Thursday sign-up. Previous details alleged that the protocol was