Hut 8 announced a leadership transition roughly three weeks after an activist short-selling firm published a report containing allegations against the miner. Former CEO Jaime Leverton will be immediately succeeded by Asher Genoot. Genoot co-founded Bitcoin miner U.S. Bitcoin Corp (USBTC) and served as the firm’s president before with Hut 8 last year. The Hut …
Category: News
Feb 13 2024
‘Bitboy’ Ben Armstrong Bids Farewell to Daily Show Amid Financial and Legal Battles
Ben Armstrong, widely known as ‘Bitboy,’ has announced the discontinuation of his daily crypto show. The decision comes amid financial challenges and legal battles that have been plaguing the influential crypto personality. The production costs for the show were reported to be $25,000 a week, contributing to the financial strain on Armstrong’s endeavors. “We’re barely …
Feb 13 2024
VC Investment in Web3 and Artificial Intelligence (AI) Surpasses $637M in 2023: TenSquared Report
A significant challenge for AI lies in its potential to compromise privacy. A new report suggests that blockchain can catalyze boosting trust and privacy in AI. Despite the decline in venture capital (VC) funding this year, the fusion of Web3 and emerged as a top choice for investors in blockchain startups, capturing more than 11% …
Feb 13 2024
OpenSea Launches Pro Version on Polygon with Cross-chain Support
OpenSea has announced its integration with the Polygon network. This integration empowers OpenSea Pro users to seamlessly navigate both Ethereum and Polygon blockchains. This is a significant step towards simplifying the multi-chain experience for NFT enthusiasts. OpenSea’s collaboration with Socket, a cross-chain interoperability protocol, is pivotal in enhancing the NFT experience. The leading NFT aggregator …
Feb 12 2024
Trezor Users Beware: Third-Party Email Provider Compromised in Malicious Attack
malicious emails sent to Trezor users in the last 12 hours. The deceptive emails prompt recipients to upgrade their “network’ or risk losing their funds. The message includes a harmful link redirecting users to a webpage requesting their seed phrase. The company has deactivated the malicious link and contained the potential threat. It advised affected …
Feb 12 2024
80% of Comments on Major Project Tweets Revealed as Phishing Scams: SlowMist
The SlowMist Security team revealed receiving numerous reports of theft. Upon investigation, they found that a significant portion of these thefts were facilitated by deceptive comments under tweets from well-known projects. Dedicated websites specializing in the sale of Twitter accounts were discovered, featuring such from different years and offering options for purchasing accounts with usernames …
Feb 12 2024
Larry David Expresses Regret Over FTX Ad Amid Founder’s Fraud Conviction
Larry David has expressed remorse over participating in a high-profile 2022 Super Bowl commercial for the now-fallen cryptocurrency exchange FTX. David recounted seeking advice from knowledgeable friends before agreeing to the advertisement. The commercial was directed by Jeff Schaffer, a longtime colleague of David’s known for producing episodes of Seinfeld and Curb Your Enthusiasm. The …
Feb 12 2024
European Brokers Cut Fees on Spot Bitcoin ETFs to Outpace US Providers: FT
European brokers are slashing spot Bitcoin ETF fees after Invesco and WisdomTree reduced theirs by over 60% on European BTC products. The comes as the U.S. Securities and Exchange Commission (SEC) recently approved spot BitcoinETFs from major players like BlackRock, Fidelity, and In Vesco. The competition in the U.,S. market has prompted a wave of …
Feb 11 2024
What is Farcaster? Everything You Need to Know
Farcaster is a protocol for developing decentralized social network applications built on Optimism. In essence, the Farcaster protocol is completely open-source, allowing everyone to build applications. The goal is to ensure an environment where there’s no censorship, and users have full control of their applications. We also look at how to register at – the …
Feb 11 2024
European Prosecutor Seeks Arrest in BaltCap Fund Misappropriation
The European Public Prosecutor’s Office (EPPO)on Friday for the arrest of Šarūnas Stepukonis in Lithuania. He is suspected of misappropriating 27 million euros (US$29 million) from BeltCap, the leading Baltic private equity firm where he held a partnership. The EPPO is in charge of investigations involving European Union funds. The BaltCap Infrastructure Fund, an 80 …