Azuki Elementals NFTs Tank After Art Criticism
Azuki Elementals NFTs, a derivative of the popular anime-themed PFP project, faced criticism over their similarity to the original collection. The NFT market dipped after the launch. Azuki, a Los Angeles-based Web3 company that launched an anime-themed PFP (profile picture) project in 2022, has disappointed its fans with its latest NFT collection. The company released […]
Hut 8 Relocates 6,400 Rigs as Demand for AI Computing Rises
Hut 8 Mining seeks to reactivate 6,400 machines relocated from its inactive North Bay, Ontario, site as it is experiencing an increased demand for artificial intelligence (AI) and high-performance computing. As previously reported, Hut 8 and its third-party energy supplier Validus Power are engaged in an ongoing legal dispute over alleged failure to satisfy contractual […]
Belarus Sets to Ban P2P Crypto Transactions
The Belarusian foreign ministry is drafting amendments to the law to prohibit peer-to-peer (P2P) transactions involving Bitcoin and other cryptocurrencies, citing a high crime rate associated with cryptos. The Ministry of Foreign Affairs (MFA) of the Republic of Belarus issued an official announcement on Telegram on July 2 regarding new legislation prohibiting individuals from engaging […]
Poly Network Issues Withdrawal Notice to Users After Exploit
Cross-chain bridge platform Poly Network on July 2, was attacked by a hacker, and the exploit affected 57 crypto assets. This has prompted the network to urge users to withdraw their funds. In a tweet dated July 2, Poly Network confirmed it was the latest victim of decentralized finance (DeFi) exploit after attackers were able […]