Russia’s nickel and palladium miner Nornickel, through its digital arm GPF Investments, has launched a new type of digital financial asset (DFA) on the Atomyze blockchain platform. This financial product encompasses a diverse basket of metals, including gold, palladium, platinum, copper, and nickel, the miner said in its press release. Based in the resource-rich Arctic...
In the run-up to the anticipated Bitcoin halving event, the cryptocurrency mining sector has seen unprecedented profits, with miners’ daily revenue hitting all-time highs. Data from CryptoQuant reveals that on March 7, Bitcoin miners’ daily earnings soared past $78.6 million, breaking the previous record set in April 2021 during the last crypto bull run. This...
Ethiopia is set to revolutionize its technological and economic landscape with a $250 million investment in a Bitcoin mining and AI data center, spearheaded by the Russian bitcoin mining company, BitCluster. This venture, dubbed Project Mano, marks a significant leap towards incorporating blockchain and artificial intelligence technologies into Ethiopia’s economy, utilizing the nation’s abundant renewable...
Unauthorized Post Triggers Bitcoin Frenzy, Raises Cybersecurity Concerns A recent cybersecurity incident involving the US Securities and Exchange Commission (SEC) has raised significant concerns. The SEC’s social media account on X was compromised due to a SIM swap hack, leading to the spread of false information regarding the approval of new bitcoin investment products. This...
Fox Corp., a major U.S. media conglomerate, has introduced a new blockchain platform named Verify. This platform is designed to assist media companies in tracking the online usage of their content, marking a significant development in the intersection of media and technology. Integration and Tool Launch Beta Launch and Content Verification Fox Corp.’s Blockchain Endeavors...
Decline in Approval Phishing Scam Profits Chainalysis, a blockchain data firm, has released its 2023 research findings on ‘approval phishing’ scams in the cryptocurrency realm. The report shows that crypto criminals amassed at least US$374 million through these scams over the year. Notably, this amount represents a 27% decrease from the US$516.8 million stolen in...
Cryptocurrency Mining as a Potential Export Industry Russia is considering a new proposal that would categorize cryptocurrencies mined within the country as export products. Deputy Finance Minister Ivan Chebeskov announced this initiative during a recent roundtable discussion titled “Cryptocurrency and the Future of Digital Finance.” Draft Legislation Modeled After Natural Gas Exports The draft legislation...
Landmark Licensing in Singapore’s Blockchain Sphere DigiFT, an Ethereum-based digital assets exchange, has achieved a significant regulatory milestone. The Monetary Authority of Singapore has granted DigiFT a Capital Market Services (CMS) license and recognized it as a Recognized Market Operator (RMO). This development, as reported on Nov. 5, positions DigiFT at the forefront of regulated...
Over 130 residents of Hong Kong have fallen prey to a cryptocurrency scam involving the Hounax platform, with total losses amounting to approximately HK$120 million (US$15.4 million). Victims and lawmakers have criticized the Securities and Futures Commission (SFC) for issuing a late warning, as many had already invested in the platform. Details of the Scam...
Federal authorities have seized $9 million in cryptocurrency from a Silicon Valley-based cyber scam organization. This group reportedly defrauded over 70 individuals using romance and cryptocurrency confidence schemes, according to the U.S. Attorney’s Office for the Northern District of California. Tracing and Seizing Illegal Crypto Funds The Department of Justice and the U.S. Secret Service’s...
