Bitcoin Hashrate Inches Closer to Record as Difficulty Rise Looms

Bitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it’s cruising just shy of that record, clocking in... Read more »

IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight

The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains... Read more »

Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings

In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the... Read more »

India Cracks Down on $48M Crypto Fraud in Fiewin Gaming App With Binance Help

India’s Enforcement Directorate has exposed a massive $48 million scam linked to the online gaming app Fiewin, connected to Chinese nationals. Following an in-depth investigation, an equivalent of about $3 million has... Read more »

Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations

Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use... Read more »

4 Arrests, Sanctions Follow Global Operation Against Lockbit Group

Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led... Read more »

Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors

Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees.... Read more »

Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 Years

Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due... Read more »

Certik: Malicious Actors Stole $753 Million in Q3, Phishing Top Attack Vector

Malicious actors stole $753 million in the third quarter, with phishing being the most costly attack vector. The report emphasizes the need for stronger security measures and warns users to be cautious... Read more »

Uruguay Passes Cryptocurrency Law

Proposed over two years ago, the law recognizes cryptocurrency as virtual assets in the country, establishing the Central Bank of Uruguay as the regulator and overseer of companies seeking to offer cryptocurrency... Read more »