In a landmark case that has sent shockwaves through the crypto community, South Korean authorities have arrested the CEO of one of the world’s largest cryptocurrency exchanges for alleged embezzlement. Kang Jong-hyun, CEO of Bithumb, was apprehended on Tuesday and faces charges relating to the purported misappropriation of millions of dollars and stock price manipulation…
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Luminex unveils the BRC69 Ordinals standard, simplifying customization and potentially revolutionizing Bitcoin Ordinals for content creators and traders. Key Points Luminex, a web3 launchpad, has unveiled a new standard called BRC69 Ordinals, which could potentially revolutionize Bitcoin Ordinals for content creators and traders. This standard offers a cost-effective solution for creators to develop Recursive Ordinals…
Trump Family Crypto Wealth Under Scrutiny House Judiciary Committee Democrats released a report claiming the Trump family has generated substantial wealth through cryptocurrency ventures since the beginning of the 2024 election campaign. The document, signed by Representative Jamie Raskin, suggests President Trump has doubled his net worth primarily through launching cryptocurrency-related businesses. According to the…
Bitcoin network sees significant hashrate decline I was looking at the Bitcoin network data this morning, and something caught my eye. The hashrate—that’s the total computing power securing the network—dropped by about 8% in just 24 hours. That’s not a small fluctuation; it represents roughly 100 exahashes per second going offline. When you see numbers…
Blockchain networks – Binance Smart Chain (BSC), Ethereum, etc. – are constantly seeing new releases, with hundreds, sometimes thousands, of tokens hitting the market every single day. However, many of the tokens launched are crap, developed by inexperienced developers who want to make quick money or by scammers who want to defraud novice investors. Although…
After the successful launches and presale programs of its native currency, i.e., Funex Coin – Funex Club is all set to launch its non-custodial wallet named Funex Pro. Loaded with high-end features & technology, Funex Pro is a multi-chain cryptocurrency wallet. Like any crypto wallet, its primary function is to store, send, & receive cryptocurrencies….
Bitcoin inflows across all exchanges have been net negative since last July, but four major exchanges have been running contrary to this trend with nearly an equal amount of net positive inflows. There have been total net outflows of 46,000 BTC (worth around $1.8 billion at current prices) from all crypto exchanges since last July….
Power-intensive projects meet community pushback It’s interesting to see history repeating itself, I think. For years, Bitcoin miners learned that cheap power and available land didn’t automatically mean communities would welcome them. Now AI data center developers are hitting the same walls. They’re facing local resistance over electricity demands, infrastructure costs, and environmental concerns. The…
