Latest Blockchain and Crypto News

A technical error in Coinbase resulted in Georgian users' cashing out funds with prices 100 times higher than their actual rates. This happened as the price of the country's official currency, the lari (GEL) was shown at $290 on August 31 instead of $2.90. So, users having $100 worth of lari on the...

After an NFT auction where American actor and comedian Bill Murray raised 119.2 ETH (about $185,000) for charity, hackers stole the funds. According to the blockchain explorer EtherScan, hackers started to attack the actor's wallet at 7:00 p.m. ET on Thursday. The wallet was controlled by Murray's...

Until the end of 2022, the Indonesian authorities want to launch their bitcoin exchange. For the first time, the government announced plans to create a national cryptocurrency platform last year. This year, the authorities want to implement the project, but the timing will be adjusted in case of...

Against the background of the fall of the cryptocurrency market in 2022, many exchanges and companies were forced to cut staff. Further deterioration of their financial position may lead to the fact that such enterprises will be bought up by banks and other large investment structures. Recently it...

The US prosecutor's office became interested in Binance for its compliance with anti-money laundering legislation. At the end of 2020, US law enforcement turned to the management of the trading platform to provide them with internal documentation that could identify suspicious transactions....

In a recent interview with blogger Noah Smith, Ethereum co-founder Vitalik Buterin talked about the current crypto market state and the future of blockchain. He said it was predictable that the prices would fall, however, he didn't know when it would happen. According to Buterin, in the...

Celsius, a cryptocurrency lender which filed for bankruptcy nearly a month ago, filed a request to return custody holders' funds while implementing a restructure and resuming of its services. The paper says the company has about 58,300 users who made deposits of more than $210 M with custody and...

At the end of May, the Parliament of Paraguay approved a bill to legalize the cryptocurrency market and mining. This document was submitted to the President of the country, Mario Abdo Benitez. However, the head of state rejected it because mining can create risks for the energy infrastructure. The...

Data by CoinGecko unveils that the state most interested in Bitcoin and Ether in the USA is California. The study is based on the crypto data platform's website traffic within the US between May to August 21, 2022. Other states included in the top 5 are Illinois, New York, Florida, Washington. 43%...

Ethereum developers plan to activate the Merge fork on September 15, as a result of which the network will switch to PoS (Proof of Stake) consensus. In anticipation of this important event, miners accumulate ether. According to OkLink, more than 261,000 ETH have accumulated on the addresses of...

European Union’s lawmakers rejected a Green Party plan to explore other methods of proof-of-work mining that powers the Bitcoin blockchain. Earlier, the European Parliament didn't approve the proposal to impose limitations on the PoW systems. A Spanish member of the parliament's Green caucus...

The cryptocurrency market has been suffering losses over the past few weeks, but the Friday speech by the head of the US Federal Reserve, Jerome Powell, dealt the strongest blow to it. The readiness of the regulator for the next increase in rates provoked a massive exit of capital from the...

The cost of Axie Infinity is something that a lot of people are curious about, if Google searches are anything to go by. Axie Infinity is a play-to-earn (NFT) game that has a game design that is comparable to that of Pokémon GO and was launched in December 2020. Since that time, the value of the...

El Salvador President Nayib Bukele said the country will provide over $200 M in infrastructure investments to upgrade Bitcoin Beach. The beach El Zonte was renamed Bitcoin Beach as it accepts Bitcoin. The place has become a tourist hotspot, and investments will serve for the construction of...

The blockchain sector will be developed, and a platform for trading digital assets will be established, according to a deal that the South Korean city of Busan inked with the FTX bitcoin exchange. A news statement states that the partnership with FTX is a component of a larger strategy to...

As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by 9.26%, to 30.97 T. In the approximately two-week period between the latest metric adjustments, the average network hashrate was 221 EH/s. According to Glassnode, network computing power (smoothed...

Leading NFT marketplace OpenSea announced integrating Ethereum Layer 2 scaling solution Polygon into its web3 marketplace protocol Seaport. OpenSea introduced Seaport in June to allow users to buy and sell NFTs efficiently. The platform was launched on Ethereum with the aim to reduce the costs of...

American TV personality Jim Cramer says investors should get out of crypto, NFTs, and special purpose acquisition companies. According to him, the assets could result in the loss of investors' life savings. On the recent episode of "Mad Money," the host said he changed his opinion about...