Month: June 2022

Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

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Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast … Read more

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

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After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire the bankruptcy and restructuring law firm Akin Gump … Read more

A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday

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While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet. 4 … Read more

Top 3 Metaverse Crypto Coins Below $0.05 to Watch in June 2022

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Cryptocurrency markets are showing an excellent recovery after last week’s price drop. While the recent rebound doesn’t quite signal a market reversal yet, the bottom could be near. Metaverse Crypto coins remain some of the most popular options for traders and investors looking for long-term projects and insane gains during the next bull phase. The … Read more

Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M

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While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend. Defi TVL Improves, Cross-Chain … Read more

Top 5 Social Media dApps That Reward Its Users With Tokens (June 2022)

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The social media systems developed on the blockchain are referred to as decentralized social networks. Many blockchains, such as the Hive and Steem networks, are excelling at developing blockchain-based social media dApps. Indeed, there are many benefits to decentralized social networks like Censorship resistance and incentive structures for rewards. Censorship resistance refers to the process … Read more