News archive

Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Crypt…

Amazon is reportedly planning to accept bitcoin for payments, after which the company will roll out support for other major cryptocurrencies. “The directive is coming from the very top … Jeff Bezos himself.”

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Kubernetes Clusters Used to Mine Monero by Attackers

  

Attackers are abusing an attack vector present in one of the most popular execution engines (Argo Workflows) to repurpose Kubernetes systems to mine cryptocurrencies. The attack exploits a vulnerability in the system of permissions of Argo Workflows machines connected to the internet, deploying malicious workflows that install Monero-based containers.

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Amazon Readying to Accept Bitcoin, Ethereum, Cardano, and Bitcoin C…

After Amazon published a new job listing for a cryptocurrency and blockchain expert on Friday, some new details about its alleged cryptocurrency plans have emerged.

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Portfolio Strategist Expects Cardano to Become Mainstream Cryptocur…

A portfolio strategist for American financial services firm Morningstar says that cardano could become a mainstream cryptocurrency alongside bitcoin and ether, forming a “big three” of mainstream cryptocurrencies.

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Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistanc…

The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range.

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A Deeper Look Into The Pirate Bay's Mysterious 'Piratetoken' Soft L…

In mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker’s website explained that the new piratetoken is a soft launch for a myriad of ideas.

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Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan

Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs.

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Group of Salvadorans Take to the Streets to Protest El Salvador's N…

While some Salvadorans situated near Playa El Zonte beach like the new bitcoin tender law implemented by Nayib Bukele’s regime, a number of other citizens dislike the law. This week, regional reports show citizens from El Salvador have taken to the streets to protest the bitcoin tender law.

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New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Off…

A St. Lawrence county town located in New York near the Canadian border, Massena, is another region in the state that is having issues with bitcoin miners. According to recent reports from the local WWNY-TV news desk and Reuters, the Massena town supervisor is drafting new regulations for bitcoin mining operations.

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Amazon’s Payment Team Hiring Digital Currency Expert to Develop Cry…

Amazon’s Payments Acceptance & Experience team is hiring a digital currency and blockchain expert to develop the company’s digital currency and blockchain strategy and product roadmap, including a launch strategy.

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Abkhazia Holds Talks With Russia to Ensure Electricity Supply for C…

The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor.

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Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High

On Friday, the game token utilized within the Axie Infinity gaming realm has once again captured another all-time price high at $32.17 per unit. The game token has outperformed a great majority of crypto assets by commanding more than 844% in gains during the last month.

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Reddit Chooses to Leverage Arbitrum's Layer-2 Tech With Community P…

On July 22, developers working on the platform Reddit, the social news discussion aggregation forum, revealed that the team was scaling Reddit’s community points program with the Ethereum Layer-2 solution Arbitrum. Currently, Reddit developers are testing the community point tokens on top of the Rinkeby testnet and will migrate to the Ethereum mainnet after testing is complete.

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Paxos Standard Presents Assets Backing Its Stablecoins

Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos, harshly criticized Tether and Circle, issuers of other stablecoins, stating their products we’re not really stablecoins.

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Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024

Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by the end of this year.

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Billionaire Thomas Peterffy Invests in Crypto, Says There's a Chanc…

The founder and chairman of Interactive Brokers, Thomas Peterffy, has revealed that he put money in crypto because he believes “there’s a small chance that this will be a dominant currency, so you have to play the odds.”

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Viking Silver Found on Isle of Man Represents 1,000-Year-Old Analog…

Off the coast of the Irish Sea, humans have lived on the Isle of Man since before 6500 B.C. The island has a robust history of Viking Age treasures. According to a recent announcement from Manx National Heritage, a heritage agency located there, an amateur treasure hunter recently discovered a hoard of Viking silver on the island.

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Steve Job’s Physical Job Application and Mirror Copy in NFT Form to…

In another world-first for the non-fungible token (NFT) space, Steve Job’s handwritten job application letter in its physical form and an accompanying digital NFT of the same item will go head to head in respective auctions.

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Major Crypto Mining Company Core Scientific Going Public on Nasdaq…

Core Scientific, a major blockchain hosting and digital asset mining company, is going public through a merger with Power & Digital Infrastructure Acquisition Corp. The deal values the combined company at approximately $4.3 billion.

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Former Ethereum Developer Virgil Griffith Arrested for Signing Into…

According to reports stemming from investigative journalist Matthew Russell Lee, from Inner City Press, former Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody. According to the reports, the U.S. Attorney’s Office revoked Griffith’s bond because he allegedly tried to access the crypto exchange Coinbase.

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China Offers Medics Digital Yuan Insurance Policy for Covid-19

China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech and healthtech entities under its umbrella.

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Grooming Products Firm Axe Releases Limited Edition 'Crypto Scented…

On Tuesday, the company that owns the brand of male grooming products, Axe, announced the launch of a dogecoin-themed and “crypto scented” body spray. The release was limited and currently, the body spray featuring the image of the cartoon Shiba Inu is no longer available to U.S. residents.

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Crypto in the UAE: TRES Was Approved by DMCC for OTC Trade License…

Back in 2020, at the Davos Summit, the DMCC (UAE Free Economic Zone) announced a strategic partnership with CV VC and CV Labs to launch Crypto Valley, the world’s largest ecosystem of cryptography, blockchain and distributed ledger in Dubai.

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Binance Enters Popular Venezuelan Dollar Indexes as Currency Plunge…

Binance, the leading P2P exchange in Venezuela, is now present in several popular dollar indexes in the country. The price of USDT on Binance’s P2P platform is now used to calculate the average price of the dollar with other P2P and electronic markets.

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Elon Musk, Jack Dorsey, Cathie Wood Will Discuss Bitcoin Live at 'B…

Tesla CEO Elon Musk, Twitter CEO Jack Dorsey, and Ark Invest CEO Cathie Wood will be featured speakers at the Bitcoin event “The B Word,” which will feature a live discussion between the three focused on how Bitcoin is perceived by the mainstream.

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Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan O…

An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production.

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From $100 Million to Nothing — Biographer Claims John McAfee Was Br…

Just before the antivirus tycoon John McAfee was found dead in Spain, he told the public from prison that U.S. federal authorities seized all of his assets and he had “nothing.” Now a biographer who is writing a McAfee-based biography has corroborated McAfee’s story. The author Mark Eglinton says that McAfee was also unable to pay for the requested biography.

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Cardano Launches Testnet to Move Closer to Smart Contracts, Polymar…

On July 14, IOHK, the Cardano network developers, announced the project’s latest testnet called Alonzo white has been deployed. IOHK detailed that it has onboarded new participants and the move will help the project move “closer to smart contracts.”

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Malaysia Flattens Seized Bitcoin Mining Rigs With Steamroller — Ove…

Over 1,000 bitcoin mining machines have been totally destroyed in Malaysia after they were seized for illegally mining the cryptocurrency using stolen electricity. The mining machines, worth about $1.26 million, were steamrolled in the Malaysian city of Miri and eight people have been arrested so far.

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Crypto Experts Predict Bitcoin Price Rising to $318,417 by December…

A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025. The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050.

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