Institutional investment in Bitcoin mining by large public companies has notably impacted the landscape for individual and small-scale miners, with significant consequences for the network’s dynamics, according to a Bitfinex report on the cryptocurrency mining ecosystem ahead of the Bitcoin halving. The study reveals a shift from the decentralized vision of Bitcoin, where individuals contributed to network security, to a scenario dominated by corporate entities. These entities prioritize shareholder returns, operating on a much larger scale with different priorities than smaller miners. The report emphasizes their focus on profitability and managing investor expectations, often sidelining the community’s more altruistic values
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FTX Bankruptcy Update: Major Claim Transferred to Single Creditor, Simplifying Case but Risking Smaller Parties
In the latest twist in the FTX bankruptcy saga, a significant claim previously held against FTX EU—renamed from K-DNA Financial Services—has been assigned to a single creditor, named FTXcreditor, according to court documents from the U.S. Bankruptcy Court for the District of Delaware dated May 15. This move forms part of the ongoing Chapter 11 bankruptcy proceedings involving FTX and could potentially streamline the process, albeit introducing new risks for smaller creditors involved. The transfer adheres to the Federal Rules of Bankruptcy Procedure, specifically Rule 3001(e)(2). This rule pertains to the transfer of claims, and in this context, the documents
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Fetch.ai launches BlockAgent with Chainlink for blockchain insights
Fetch.ai incorporates Chainlink and BlockAgent, the latest toolkit for real-world tracking of blockchain functions. BlockAgent is an automated tool that gathers real-world transaction data for the benefit of users and incorporates it within the users’ mechanisms. This helps in paving the way for better blockchain understanding. The tool comes with a custom-built interface and assists …
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Shiba Inu’s ShibaSwap Debuts On Shibarium: All New Features Revealed
ShibaSwap, the native decentralized exchange (DEX) of the Shiba Inu ecosystem, has officially launched on Shibarium, Shiba Inu’s layer-2 scaling solution. This strategic move was announced via X, signifying a major step forward in leveraging the scalability and cost-efficiency of Shibarium while maintaining the security features of the Ethereum blockchain. The SHIB army received this
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Smart Trader Turn 9 Sol ($1.4K) Into 1238 Sol ($202K) In Less Than 5 Min
The post Smart Trader Turn 9 Sol ($1.4K) Into 1238 Sol ($202K) In Less Than 5 Min appeared first on Coinpedia Fintech News Crypto success stories aren’t new in the crypto space; however, this time it’s something spectacular. A savvy trader made a quick turnaround, going from $1,470 to $202,000 within just five minutes. This remarkable 137x gain has captured the attention of the cryptocurrency community. Trader Turns $1.4K into $202K According to Lookonchain, a prominent blockchain analytics …
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Fraud and Money Laundering: Canadian Crypto King and Associate Charged
Canadian authorities have charged Aiden Pleterski, a self-proclaimed “Crypto King” residing in Whitby, Ontario, and his associate, Colin Murphy of Oshawa, Ontario, with fraud and money laundering offenses. The charges stem from a joint investigation – Project Swan – conducted by the Durham Regional Police Service (DRPS) and the Ontario Securities Commission (OSC). Pleterski faces The post Fraud and Money Laundering: Canadian Crypto King and Associate Charged appeared first on Coin Edition .
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Behind the $20 Million Sonne Finance Hack; Unveiling the Technical Details
The post Behind the $20 Million Sonne Finance Hack; Unveiling the Technical Details appeared first on Coinpedia Fintech News Staggeringly, a crypto attacker succeeded in the hack on Sonne Finance to conduct a heist using a very complex exploit that drained the company’s assets, bringing in about $20 million to the attacker. The attack played out for a few days, spotting carefully the backdoor of Sonne Finance’s VELO integration with the Optimism network. The …
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