Blockstream raising funds for mining at 70% lower company valuation

The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing. The crypto infrastructure firm is seeking fresh funding, but... Read more »

NFT industry in Africa and Middle-East poised for rapid growth

The African and Middle Eastern NFT industries are expected to grow by 48.3% annually to reach $3.42 billion in 2022, according to a report from ResearchAndMarkets. According to the report, the NFT... Read more »

Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry

Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On... Read more »

Bitcoin on-chain data shows 5 reasons why the BTC bottom could be in

After a whirlwind November for Bitcoin (BTC), certain on-chain and Bitcoin price metrics are suggesting that BTC’s bottom could occur in December. In Capriole Investments’ latest report, they provide analysis on Bitcoin... Read more »

‘Unethical and illegal from the very beginning’

In a recent interview Michael Saylor, the MicroStrategy executive chairman and major Bitcoin (BTC) bull, shared his perspective on the fall of the FTX empire. Saylor said that for years there has... Read more »

Over $20M staked as ApeCoin staking goes live

Over $20 million worth of ApeCoin (APE) has been staked less than 24 hours after its staking feature went live, according to Etherscan data. Horizen Labs tweeted on Dec. 5 that the... Read more »

Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it... Read more »

Kentucky to scrutinize contracts offering cheaper electricity to miners

The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations. According to a Dec. 5 statement... Read more »

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless,... Read more »

Maple Finance severs ties with Orthogonal Trading over insolvency concerns

Institutional crypto lending protocol Maple Finance has moved to end all its business deals with Orthogonal Trading over concerns that the latter is “effectively insolvent.” Maple Financial lending partner Orthogonal Trading was... Read more »