Heatwave Threatens Bitcoin Mining Profitability in North America
North American heatwave may boost Bitcoin miners‘ profits as many shut down operations. Bitcoin miners are anticipated to experience an increase in profits as a result of the extreme heat that typically occurs in North America during the summer, which may necessitate the shutdown or cooling of their operations. The United States (US) is recognized […]
CertiK Uncovers Kraken Exploit, Alleges Threats from Exchange
CertiK revealed it identified a $3 million Kraken exploit and claimed Kraken threatened them after reporting the issue. CertiK, a blockchain security firm, has disclosed that it is the “security researcher” that Kraken, a cryptocurrency exchange, claimed misappropriated $3 million in digital assets. CertiK disclosed an exploit that had enabled it to withdraw millions of […]
BNB Declines from Peak
BNB and the broader crypto market have declined from recent highs amid falling market sentiment. Binance Coin (BNB) has experienced a decline in value since it reached an all-time high earlier this month, as crypto assets experienced a surge in value amid increased market activity. In the same window, the broader market has also experienced […]
Germany Transfers $425M in Seized Bitcoin
Arkham Intelligence revealed that the German Federal Criminal Police (BKA) seized nearly 50,000 BTC from the operators of the piracy site Movie2k.to. On the social media platform X, Arkham Intelligence disclosed approximately four months ago that it had identified an address purportedly associated with the BKA. Arkham reported in January that the German Federal Criminal […]
Prosecutors Oppose Ethereum Developer’s Bid to Reduce Sentence
U.S. prosecutors oppose reducing ex-Ethereum developer Virgil Griffith’s 5-year sentence for violating North Korea sanctions. The United States Justice Department has issued a letter opposing the motion of former Ethereum developer Virgil Griffith to reduce his 2022 sentence for violating sanctions on North Korea. U.S. Attorney Damian Williams argued in a June 17 filing in […]