Author's posts
Mar 17 2023
SOL Dives 7% Daily, is $15 The Next Big Target? (Solana Price Analysis)
SOL failed to maintain its price within the descending triangle, and with the support at $20 turned into resistance, it’s currently in search of support. The most likely area where Solana can stop this selloff is found at $15. Support at $17 may provide a relief bounce, but considering this momentum, it is unlikely to …
Mar 16 2023
Hut 8 Increased its Bitcoin Holdings by 65%, Yet Revenue Plunged
Canada-based cryptocurrency miner Hut 8 Mining released its financial results for the year and quarter that ended December 31st, 2022. The company managed to increase its mining production by over 28% year over year and ramp up its fiat revenues by CA$16.9 million. “As we look ahead, we will continue to uphold these operating principles …
Mar 16 2023
3 Years Since The COVID Crash: Crypto is Still Alive But US Banks Are Shaking
crypto, which closely tracked the stock market’s movements, went into a downward spiral soon after. Bitcoin crashed from $8,000 to $3,750 in a matter of hours. It was the “loaded” retail and amateur players that tapped crypto and meme stocks as markets recovered. Eventually, the asset class soared to new heights in 2021. While dramatic …
Mar 16 2023
One Last Extension? Mt. Gox Registration Deadline Pushed Back
Mt. Gox creditors will have an additional month to select and register how they wish to receive compensation from the defunct exchange. This becomes clear from the by the exchange’s trustee Nobuaki Kobayashi. The deadline for the Selection and Registration was March 10, 2023 (Japan time) But the Rehabilitation Trustee has changed the deadline (“Deadline”) …
Mar 16 2023
US Court Sends Riviera Maya Gang Member and Wife Behind Bars
Dumitru Gheorghe and his wife Maria were under FBI surveillance when he was tagged in a photo posted on Facebook in August 2021. They were arrested a month later. In his affidavit, the FBI agent who tailed the couple described them as “professional, international criminals” and members of the Riviera Maya Gang. The organized crime …
Mar 15 2023
Operators of AirBit Plead Guilty to $100M Crypto Ponzi Scheme
Six executives of the cryptocurrency Ponzi scheme AirBit Club have pleaded guilty for their roles in an internationally coordinated series of fraud and money laundering charges. This includes co-founders Pablo Renato Rodriguez and Gutemberg Dos Santos, their attorney Scott Hughes, and AirBit promoters Cecilia Millan, Karina Chairez, and Jackie Aguilar. US Attorney Damian Williams said …
Mar 15 2023
Lendhub Exploiter Moves Proceeds to TornadoCash
Lendhub, a relatively small cross-chain crypto lending platform operating on HECO, was exploited to the tune of $6 million dollars earlier this January. The attack was carried out due to a poorly-executed removal of a deprecated IBSV cToken. Its replacement, which was already active, had an identical price point at the time, which the unknown …
Mar 15 2023
Crypto Miner Hive Blockchain Posted Net Loss of $90.4M for Q3 2022
Hive said hedging its energy contracts, selling power back to the grid, and optimizing its operating capacity to focus on maximum profit per KWHR helped it realize a profit from mining operations in the third quarter of 2022. During this period, it reportedly mined 787 Bitcoin, with a 25% Gross Mining Margin representing $3.62 million …
Mar 15 2023
Huge Move Incoming For Bitcoin? 10K BTC Seized by the US Govt Sent to Coinbase
Nearly 9,861 BTC (worth $217 million) seized from the Silk Road hacker have been sent to the crypto exchange. Bitcoin is currently facing significant sell pressure after dropping below a critical area of support to $22,018. The transfers have sparked concerns about a sell-off primarily because such an activity could point towards a potential sale …
Mar 15 2023
Nansen Launches Data Platform for Crypto Investors and Projects
Nansen announced the launch of Nansen Query, a new solution designed to offer a comprehensive data solution to crypto-focused teams and projects. Nansen revealed that the new platform would enhance multi-chain data access, helping entities make better customer, product, and investment decisions. The solution gives businesses access to reliable, secure, and highly scalable data pipelines, …