🔸️Ethereum | Bitcoin & Altcoin News

2024-02-09 21:15:01 Bitcoin ETF newcomers surpass Microstrategy in BTC holdings

Bitcoin ETFs, specifically the group termed the ‘Newborn Nine,’ excluding GBTC, is reshaping the dynamics of Bitcoin holdings. In just one month since their inception, according to Bitcoin website Apollo, these ETFs have outpaced MicroStrategy by acquiring 192,000 Bitcoins compared to MicroStrategy’s 190,000 in its corporate treasury. This remarkable growth signifies a shift in Bitcoin ownership from individual entities to ETFs.

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2024-02-09 08:50:13 Bitcoin's Hashrate Hits Record 609 EH/s, Powering Through to New Peaks Amid Price Surge

Bitcoin’s computational power soared to unprecedented heights this week, climbing to 609 exahash per second (EH/s) on Thursday, as per the seven-day simple moving average (SMA). Over the last year, figures reveal a staggering increase in Bitcoin’s hashrate, surging by 332 quintillion hashes per second.

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2024-02-08 20:55:00 Crypto Platform Haru Invest's Top Executives Arrested for Allegedly Embezzling $826 Million

South Korean authorities have arrested three executives of the crypto yield platform Haru Invest, including the CEO, for their alleged involvement in a massive embezzlement scheme. According to a local news outlet, the Seoul Southern District Prosecutors’ Office’s Joint Investigation Team for Virtual Asset Crimes announced the arrests, accusing the trio of misappropriating virtual assets valued at approximately 1.1 trillion Korean won, or $826 million.

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2024-02-08 07:59:59 Bitcoin Miner Hut 8 Shares Slide as CEO Departs Weeks After Short-Seller Report

The shares of bitcoin miner Hut 8 (HUT) fell as much as 8% on Wednesday, after CEO Jamie Leverton left the company just weeks after the firm was hit by a short-seller report. The miner said Leverton, who served as CEO for three years, will be succeeded by the company's president, Asher Genoot, effective immediately. Genoot co-founded U.S. Bitcoin Corp. (USBTC) and became president and director of Hut 8 in November after a merger with USBTC.

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2024-02-07 21:10:00 The average crypto investor realized less than $1,000 of gains in 2023: CoinLedger

The average crypto investor made $887.60 in realized gains for 2023, according to a study by cryptocurrency tax software platform CoinLedger. Last year’s average gains mark a significant turnaround following the turmoil of 2022, when the average investor realized over $7,000 in losses amid the collapse of several crypto firms and a severe bear market. “It’s clear that the cryptocurrency market is growing once again.” CoinLedger CEO David Kemmerer said in a statement. “.

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2024-02-07 10:10:00 Beijing Targets Cryptocurrency Mining Operations in New Energy Conservation Plan

Beijing is prepared to apply a new policy to strengthen the actions to foster energy conservation in several aspects of the city’s operations, promoting carbon and pollution reduction. The plan proposes to increase the oversight level on Bitcoin mining activities, thwarting its remnants.

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2024-02-06 20:05:23 Solana confirms outage on mainnet, engineers are investigating

Solana has confirmed an outage on its blockchain, causing block progression to halt. “Engineers from across the ecosystem are investigating an outage on mainnet-beta,” Solana stated in an incident report. “Solana mainnet-beta is experiencing a performance degradation, block progression is currently halted, core engineers and validators are actively investigating,” blockchain software company and Solana validator Laine posted on X.

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2024-02-05 20:15:24 Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says

The increasing dominance of stablecoin tether (USDT) is bad for the wider crypto ecosystem, JPMorgan (JPM) said in a research report Thursday. The bank said it views the "increasing concentration in tether over the past year as a negative for the stablecoin universe and the crypto ecosystem more broadly. Stablecoins are facing regulatory risk across multiple jurisdictions, and “tether is mostly at risk given its lack of regulatory compliance and transparency,” analysts led by Nikolaos Panigirtzoglou wrote.

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2024-02-04 21:20:34 DOJ charges duo for crypto mining in school district amid US energy scrutiny

The United States Department of Justice (DOJ) has charged two senior staff members of the Patterson Joint Unified School District for allegedly operating a crypto mining operation on the premises of the district’s 10 schools, utilizing school resources and running up the electricity costs. DOJ claimed that assistant superintendent and chief business officer of Patterson Joint Unified School District, Jeffrey Menge, along with IT director for the school district, Eric Drabert, worked together to operate a crypto mining farm, pocketing the profits.

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