A new report finds that blockchain systems might not be working as well as many crypto enthusiasts assume. The report was commissioned by the Defense Advanced Research Projects Agency, or DARPA, and the work was done by the software security research company Trail of Bits. Trail of Bits CEO Dan Read more…
Investment product provider ProShares is set to list the U.S.’s first exchange-traded fund (ETF) allowing investors to bet against the price of bitcoin (BTC). The ProShares Short Bitcoin Strategy (BITI), which is designed to deliver the inverse of bitcoin’s performance, will start trading on the New York Stock Exchange (NYSE) Read more…
Electricity to all 118 legal crypto mining centers in Iran to cease from June 22 ahead of seasonal spike in power demand, Mostafa Rajabi Mashhadi, spokesman for country’s power industry says in interview with state TV.
The Los Angeles Times reports on “a massive surge of criminal fraud that has been pummeling crypto users with unknown billions of dollars in losses with little relief in sight.” The growth in crypto fraud has turned exponential in recent years. The reported losses from crypto scams in 2021 were Read more…
“The price of bitcoin breached $19,000,” reports CNN, “and ethereum fell below $1,000 Saturday morning, extending the brutal crypto bear market to new lows.” Bitcoin plunged nearly 10% in less than 24 hours, adding to a series of sustained losses over the last several months. It now sits below $20,000 Read more…
For the first time since 2020, Ethereum mining has become unprofitable for many miners connected to a traditional energy grid. The price of Ethereum has dropped below $1,250 while energy prices are skyrocketing. The average cost of electricity in states such as New England, Connecticut, Maine, Massachusetts, New Hampshire, and Read more…
Don’t count Bill Gates among the fans of cryptocurrencies and NFTs. Those digital asset trends are “100% based on greater fool theory,” the Microsoft co-founder said Tuesday at a TechCrunch conference, referencing the notion that investors can make money on worthless or overvalued assets as long as people are willing Read more…