New Bitcoin Mining Fact Sparks Backlash
Bitcoin mining faces renewed criticism after a report revealed ERCOT pays miners to reduce activity during high electricity demand. The perceived wastefulness of bitcoin mining has long been the focus of environmental activists. The Economist’s most recent article has sparked a new wave of criticism toward the contentious industry. According to a well-known media outlet, […]
TON Blockchain Restores After 8-Hour Outage
A surge in transactions following the launch of a new memecoin, DOGS, likely contributed to an 8-hour outage on the TON blockchain. On Wednesday morning (SGT), the TON blockchain network was significantly disrupted, presumably as a result of an excessive volume of transactions associated with the recent launch of a new memecoin, DOGS. Tonscan data […]
Binance Criticized for Seizing Palestinian Crypto Funds
According to sources from a prominent industry executive, the major global cryptocurrency exchange Binance confiscated cryptocurrency from Palestinians in response to a request from Israel. On August 26, Ray Youssef, the CEO of Noones P2P platform and co-founder of the peer-to-peer (P2P) crypto platform Paxful, reported to X that Binance confiscated funds from Palestinians in […]
Australians Lost $122M to Crypto Scams
The Australian Federal Police (AFP) noted that 60% of victims were under 50, contrary to the usual trend of older individuals being targeted. According to new research from the Australian Federal Police, Australians have lost a total of $122 million ($180 million AUD) in the past year due to fraudulent cryptocurrency schemes. The majority of […]