Bitcoin ($BTC) Whales Keep Accumulating ‘Aggressively’, Data Shows

Bitcoin ($BTC) whales have kept on accumulating tokens “aggressively” throughout the bear market as prices plunge, according to on-chain data showing large addresses are adding to their holdings. The ongoing crypto bear market saw the price of BTC plunge from around $69,000 back in November 2021 to around $19,000 at the time of writing amid […]

CFTC busts a $ 1.7 billion Bitcoin MLM scheme

The Commodity Futures Trading Commission has sued Cornelius Johannes Steynberg & Mirror Trading International Proprietary Limited (MTI) for alleged registration and fraud violations. Steynberg is charged with participating in international multilevel marketing (MLM) fraud scam that generated 29,421 BTC, or more than $1.7 billion, according to the complaint. Steynberg allegedly utilized his company MTI in […]

DOJ charged six men in crypto fraud cases

The Department of Justice (DOJ) announced that six people involved in four cryptocurrency-related, including the largest known Non-Fungible Token scheme, have been charged. Justice Department Announces Enforcement Action Charging Six Individuals with Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losseshttps://t.co/9RUla6pJq5 pic.twitter.com/FWTiMl9NUu — Criminal Division (@DOJCrimDiv) June 30, 2022 The DOJ said [&...

LedgerX DEX – The Worlds Most Advanced Decentralized Exchange Is Now Live

NuGenisis, the world’s leading provider of blockchain technology and Meta hardware, has launched its much-anticipated Ledgerx.exchange. The new exchange is able to transact at over 100000 transactions a second, making it one of the fastest decentralized exchanges in operation. NuGenisis, the world’s leading provider of blockchain technology and Meta hardware, has launched its much-anticipated Ledgerx.exchange. […]The post Ledger...

Soluna: The Business Of Turning Wasted Energy Into Cash Via Bitcoin Isn't Sustainable

Soluna is in the business of buying curtailed renewable energy to provide energy-intensive computing services for profits such as using curtailed energy to mine Bitcoin.Soluna's business model might backfire as the curtailed renewable energy subsector is expected to shrink as great efforts (e.g. CAISO) are invested to solve the curtailment problem.We explained the drivers of curtailment of energy, how curtailment can be solved, and Soluna's possi...

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