US Justice Department on the hunt for DeFi hackers and thieves: Report
    15 May 2023
    261 Views

    The US Justice Department’s top crypto cop said that it was a “pretty significant issue” given the rise of North Korean “state-sponsored hackers.” The United States Justice Department’s crypto enforcement team is cracking down on Decentralized Finance (DeFi) hackers and exploiters, amid a four-year rise in illicit crypto activity. In a Financial Times report published on May…

    Can memecoins be used as real currency?
    15 May 2023
    243 Views

    Are memecoins safe and reliable enough to be used as currency? Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about their volatility and lack of oversight. Memecoin proponents claim that because they are decentralized,…

    ‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
    15 May 2023
    308 Views

    The United States Congressional Budget Office has predicted that the U.S. government’s annual deficits will “nearly double over the next decade.” The United States government faces a “significant risk” of no longer meeting all of its financial obligations as early as June, as per a recent report. According to a May 12 report published by the…

    BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
    14 May 2023
    251 Views

    Crypto mining firm Riot Platforms is seeking to terminate “certain hosting agreements” with Rhodium Enterprises and be relieved of refunding any outstanding power credits. Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin miner, Rhodium Enterprises, in an effort to recover “more than $26 million” in alleged unpaid…

    Ethereum’s Beacon Chain is updated after finality issues
    14 May 2023
    245 Views

    Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization. Ethereum core developers rolled out patches for Prysm Labs and Teku clients as a response to two Beacon Chain finality issues within a 24-hour period. The Beacon Chain serves as the consensus layer for…

    BTC price bounces at $25.8K lows amid warning over low whale interest
    14 May 2023
    298 Views

    Bitcoin traders line up “safe” support levels, but order book data makes one observer uneasy about the future. Bitcoin sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows. Traders: BTC price must retain $26,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash dip to $25,800 on Bitstamp….