The crypto mining industry often finds itself under the scanner for being power-intensive and releasing greenhouse gasses into the environment. In a recent development, the South American nation of Venezuela has announced a ban on crypto mining. The massive load of electricity that is used for the mining several cryptocurrencies left the Venezuelan government concerned, … Read more
Crypto tracking firm Arkham Intelligence has raised an alert regarding a significant theft in the US. According to its tracking data, a US government crypto wallet containing assets seized from the 2016 Bitfinex hack has been compromised by an unknown hacker. Arkham reports that approximately $20 million (roughly Rs. 168 crore) has been stolen from … Read more
CoinDCX announced its partnership with the Enforcement Directorate (ED) on Wednesday, March 5. With the partnership, CoinDCX will manage the custody of crypto assets seized by the ED. As India’s financial watchdog, the ED has been cracking down on illegal crypto operations nationwide, seizing crypto assets worth crores as part of its investigations and requiring … Read more
US President Donald Trump has signed an executive order to create a strategic Bitcoin Reserve in the country. White House Crypto Czar, David Sacks announced the development through his X handle in the early hours of Friday, March 7. He stated that the reserve will be capitalised with Bitcoin tokens that were forfeited as part … Read more