Chinese bitcoin mining pool Poolin has acquired the hashrate of rival North America-based NovaBlock to expand in the continent. The hashrate migration is getting completed on February 8, which is when NovaBlock's hashrate, 1.07 exahash per second (EH/s), will be merged with Poolin's 12.28 EH/s. (The...
A 24-year-old founder of two cryptocurrency hedge funds has pleaded guilty to securities fraud worth about $90 million. The U.S. Department of Justice announced the news on Thursday, saying that Stefan He Qin, founder of New York-based Virgil Sigma Fund and VQR Multistrategy Fund, duped investors by...
Global consulting giant EY is partnering with the Blockchain Service Network (BSN) to expand its Ethereum-based OpsChain to the Chinese market. The firm said in an announcement on Friday that it plans to offer its EY OpsChain to developers in China via the Blockchain Open Source (BCOS) enterprise ne...
The Senate has assigned pro-bitcoin senator Cynthia Lummis (R-WY) to the Banking, Housing and Urban Affairs committee, and she's already planning on ways to educate her colleagues on digital assets. “Through my role on the Banking Committee, I hope to shine a light on many of these pioneering effort...
DeFi platform Yearn.Finance said Thursday that one of its pools of funds had been exploited, resulting in the loss of $2.8 million. "We have noticed the v1 yDAI vault has suffered an exploit. The exploit has been mitigated," the project's official Twitter account said. Yearn.Finance is a so-called y...
A working group in the Wyoming legislature dedicated to blockchain technology and innovation has put forward a bill that, if approved, would allow decentralized autonomous organizations, or DAOs, to officially incorporate in the state. The bill was originally submitted in mid-January, though a publi...
A new $72 million crypto venture capital fund has been announced, drawing a mix of deep-pocked investors, including billionaire Paul Tudor Jones. Details of the fund and its backers were first reported by Yahoo! Finance. The fund's limited partners include recording artist and producer LL Cool J, fo...
A total of 75 Ethereum 2.0 (Eth2) validators got slashed earlier this week due to a technical issue witnessed by the staking infrastructure firm Staked. Slashing in Eth2 occurs when the network rules are broken. In that process, Eth2 validators or node operators are removed from the network, and a p...
Tesla CEO Elon Musk has removed bitcoin from his Twitter bio, which he added last week. Musk then went on to post a series of Dogecoin-related tweets, once again. Musk tweeted, 'Doge' and then minutes later, he wrote: "Dogecoin is the people's crypto." "No highs, no lows, only Doge," he wrote in a s...
Although the global economy endured a torrid time in 2020, the ill effects weren't felt across every sector. Cryptocurrency had a storming year, rising by around 300% in a 12-month period. The economic outlook for the year ahead remains fragile, but experts believe that cryptocurrency will have a...

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