Police in the Malaysian city of Miri destroyed more than $1.2 million worth of Bitcoin mining rigs after they were confiscated for operating illegally. A video clip, which depicts a steamroller running over 1,069 mining rigs, went viral on Twitter on Friday. As Malaysian paper “The Star” reported, eight people in Miri were charged for…

Square CEO Jack Dorsey announced on Twitter the fintech company to create a new standalone business that will act as a platform for developers to build decentralized finance (DeFi) projects based on Bitcoin. The new business will combine the efforts of CashApp, Seller, and Tidal in the same goal of decentralized financial services. Dorsey named…

Trading volumes at the major crypto exchanges fell by 42.3% in June after the price of Bitcoin hit a monthly low of $28,908. Despite the dramatic drop, the trading volume is still much higher than a year ago. Cryptocurrencies are suffering a two-month correction period following a series of negative news. By the crypto market…

The most famous altcoin – Ethereum – has long contested for the title of the most in-demand cryptocurrency, essentially aiming for the bitcoin’s crown. But for ETH to break through it requires a network upgrade to ETH 2.0 – and that seems to be a problem. On July 2, a unique transaction was recorded on…