Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens

While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall... Read more »

EU seeks to develop a government DNS resolver, block “illegal content”

In a document made public earlier this month the European Commission published a call-for-proposal for a European government controlled DNS resolver service. The reasoning behind the proposal is to protect the privacy... Read more »

Bitcoin analysts fear new BTC price dip as funding rates drop post Fed

Bitcoin (BTC) created resistance at $37,500 on Friday amid an increasing consensus that a new dive was underway.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding signals dip expectations Data from Cointelegraph... Read more »

The Metaverse to Trillions? Virtual Worlds Turn Bullish

Key Takeaways Decentraland and The Sandbox have jumped in the last 24 hours. The rise comes after Goldman Sachs published a report arguing that the Metaverse is an $8 trillion opportunity. MANA... Read more »

IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’

A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to... Read more »

Bitcoin ‘gives back gains’ after Fed comments ‘add downside risks’ to crypto markets

Bitcoin (BTC) price continues to flash mixed signals, raising uncertainty among investors and negatively impacting asset prices across the market. Data from Cointelegraph Markets Pro and TradingView shows BTC price pinned below... Read more »

How did hackers bypass 2FA during the $35 million Crypto.com hack?

As the dust settles on the recent Crypto dot com hack, observers wonder how thieves managed to crack security procedures to steal millions in crypto. Crypto dot com has not released precise... Read more »

OpenSea Scores Another Own Goal With Bad Advice for Users

Key Takeaways An email from OpenSea has resulted in several users losing high-value NFTs. The email urged users holding NFTs with inactive listings to cancel them without first transferring their NFT to... Read more »

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier... Read more »

Crypto industry seems willing to adopt FATF travel rule: Survey

The cryptocurrency industry is eager to comply with the Financial Action Task Force’s (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new... Read more »