State Regulator Warns of Crypto Fraud After Investor Loses $750K

The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the... Read more »

Fractal Bitcoin Absorbs Over 35% of Bitcoin’s Hashrate After Mainnet Launch

Data reveals that after Fractal Bitcoin’s mainnet went live, the project’s block explorer indicates the blockchain now controls over 35% of Bitcoin’s total hashrate. While Bitcoin hums along at an impressive 681... Read more »

Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities

The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider... Read more »

Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility

Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa... Read more »

UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements

The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer... Read more »

Tokyo Electric Power Company’s Subsidiary Mines Bitcoin With Surplus Energy

According to a report from Asahi Shimbun, one of Japan’s oldest national newspapers, a subsidiary of Tokyo Electric Power Co. (TEPCO) has taken an innovative step into the world of bitcoin mining.... Read more »

US Banking Regulator Calls for Stronger Oversight of Crypto Risks

Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks... Read more »

Bitcoin Hashrate Hits Record High as Prices Drop Below $55K

As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average... Read more »

Binance Kazakhstan Receives Formal Consent for Regulatory License

Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF).... Read more »

Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining

Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain... Read more »
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