Marathon signs new agreements to meet its hash rate goal for 2023
Marathon is planning ahead for the coming year to secure the electricity it needs to provide a larger share of the network’s hash rate. The bitcoin miner Marathon Digital Holdings claims to have secured a contract that will supply electricity to produce 23.3 exahashes per second (EH/s) for the Bitcoin network. The data center operator […]
3AC liquidators request time and access to the headquarters
3AC’s liquidators ask a Singaporean court to postpone an expected flurry of lawsuits until they sort out the company’s intricate financial arrangements. A request for a stay on claims against Three Arrows Capital (3AC), a failing cryptocurrency hedge fund, as well as access to the company’s Singapore offices has been made at the High Court […]
THORChain deactivates non-native tokens, sending RUNE up 18%
After THORChain’s long-awaited mainnet launch in the latter part of last month, the BEP-2 and ERC-20-based variations are being replaced with the enhanced native RUNE token. Proof-of-bond network and cross-chain exchange The killswitch that will gradually reduce support for the BEP-2 and ERC-20-based versions of the RUNE coin has now been turned on by THORChain. […]
FBI warns public about fake cryptocurrency apps
The FBI has officially warned the public about fake cryptocurrency apps that have so far defrauded American investors out of an estimated $42.7 million. According to a securities and intelligence agency alert released on July 18, hackers have developed apps using the same logos and other identifying details as real cryptocurrency organizations in an effort […]
Celsius attorneys assert consumers forfeited legal rights to their crypto
According to the attorneys of Celsius, the bankrupt crypto lender, user funds belonged to the corporation and not the user. According to the lawyers for the company, the 1.7 million registered users of Celsius from more than 100 countries relinquished ownership of the cryptocurrency they deposited into Earn and Borrow accounts. On July 18, lawyers […]