Runes and BRC-20s are just a stepping stone for Bitcoin DeFi
[May 6 7:35 AM] Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi.
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Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools
[Aug 18, 2023 4:00 PM] The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This…
Bitcoin Mining Council Reveals Sustainable Growth: New Survey Sheds Light on Industry’s Power and Efficiency
[Aug 10, 2023 1:30 PM] In a recent report, the Bitcoin Mining Council (BMC) unveiled the results of its first half of 2023 survey, highlighting the industry’s strides in electricity consumption, technological efficiency, and sustainable power. Furthermore, the…
Several Crypto Mining Operations Busted in Russia
[Mar 19, 2023 2:30 AM] Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce…
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
[Feb 18, 2023 11:30 PM] On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will…
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region
[Feb 13, 2023 7:30 PM] Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators…
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
[Feb 11, 2023 5:30 AM] Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing…