Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner
Half of what was lost due to China’s crackdown on Bitcoin mining will not ever go back online, Phoenix Store’s CEO says. Go to Source Powered by WPeMatico
DIGIT
Japanese police arrest alleged masterminds behind $55M ‘AI-led‘ crypto scam
Four men have been arrested in Aichi Prefecture for allegedly running a fraudulent crypto scheme that drew in 20,000 Japanese investors and raised 6 billion yen. Go to Source Powered by WPeMatico
Cryptocurrency Trading Volumes Decreased 40% in June
Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China, amongst other factors. The resulting volatility seems to have made many traders lose … Read more
China shuts down crypto mining in Anhui province
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. Go to Source Powered by WPeMatico
Bitcoin price can only go up if $30K accumulation ‘reset’ continues — research
Investors who sold BTC above $30,000 on the way to all-time highs are now buying back in, Ecoinometrics reveals. Go to Source Powered by WPeMatico
Nifty News: Muse frontman drops track as NFT, Chimps create NFTs and more…
Muse frontman Matt Bellamy is tokenizing and selling a song recorded on the same guitar Jeff Buckely used to record his hit album Grace. Go to Source Powered by WPeMatico
Self-Proclaimed Bitcoin Inventor Jörg Molt Arrested for Alleged Crypto Pension Fraud
In 2019, a man with Fabio-like hair entered the cryptocurrency scene with questionable claims when he told a slew of people he helped co-found the creation of Bitcoin. The self-proclaimed Bitcoin inventor named Jörg Molt not only offered a “Satoshi School” but allegedly ran a number of scams on the side. The publication Bild reports … Read more
Uniswap v3 launches Optimistic Ethereum layer two scaling in alpha
Long-awaited layer two scaling is finally being launched on Uniswap v3, albeit in a limited format initially. Go to Source Powered by WPeMatico
Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme
Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months. Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding … Read more
ChainSwap announces compensation and ‘deep audit’ plan after $8M exploit
The project will airdrop governance tokens to holders according to balances prior to the hack. Go to Source Powered by WPeMatico
