Crypto Lending Company Blockfi Cuts Staff by 20%

Crypto Lending Company Blockfi Cuts Staff by 20%On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to […]

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Cumulative Volume on Huobi Derivative Market Exceeds $20 Billion

Huobi has announced that its cryptocurrency derivative platform, Huobi DM, has surpassed $20 billion in cumulative trading volume. The announcement comes just one month after the platform exited beta mode. Also Read: Eastern European P2P Markets See Strongest BTC Volume in Over 12 Months  Huobi DM Cumulative Trade Volume Doubles in 2 Weeks Huobi Derivative Market […]

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Student Faces Charges for Stealing $5 Million in Crypto via “SIM Jacking”

Student Faces Charges for Stealing $5 Million in Crypto via "SIM Jacking"Motherboard has reportedly obtained court documents pertaining to the arrest of Joel Ortiz, a 20-year-old from Boston, who is accused of stealing $5 million USD in bitcoin and other cryptocurrencies. Mr. Ortiz and his currently unidentified accomplices stole crypto from roughly 40 victims through a hacking technique known as “SIM jacking.” Also Read: Archaeologists Argue Micronesian […]

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Bitcoin.com and Purse.io Bolster BCH Spending Giving New Shoppers $10

Bitcoin.com and Purse.io Bolster BCH Spending Giving New Shoppers $10On the last week of June, the cryptocurrency company, Purse.io, announced the platform’s bitcoin cash (BCH) integration, alongside a ‘cashback’ promotion. The Bitcoin.com team has always been fans of Purse because it allows bitcoin users to save 20 percent or more shopping on Amazon. So we’ve collaborated with the Purse team and now Bitcoin.com Wallet […]

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Chinese Wallet Imtoken Holds $20 Billion in Coinbase Customer Assets

Chinese Wallet Imtoken Holds $20 Billion in Coinbase Customer AssetsIn a recent interview, Ben He, the founder of major Chinese Ethereum wallet provider, Imtoken, discussed his company’s growth. $35 billion worth of crypto assets are currently held in Imtoken wallets – including funds owned by major cryptocurrency companies such as Coinbase. Imtoken also recently announced that it has received $10 million USD from IDG […]

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20MW Solar Farm Set to Power Crypto Mining in Rural Australia

Approved 20MW Solar Farm Set to Power Crypto Mining in Rural AustraliaReports have indicated that planning approval has been granted for a 20-megawatt solar farm that will be used to power cryptocurrency mining and a data center in Collie, Western Australia. Also Read: Bitcoin’s Near Term Fortunes: “Inflows of Big Money,” New Indices Emerge  20MW Solar Farm to Power Cryptocurrency Mining in Western Australia The application for […]

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