Recently, the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) made headlines by charging Nader Al-Naji with orchestrating a multi-million-dollar fraudulent crypto asset scheme involving the social media platform BitClout and its native token BTCLT. The complaint filed by the securities regulator shed light on Al-Naji’s alleged misdeeds, revealing that he
The California Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles through the Avalanche (AVAX) network. In partnership with software development firm Oxhead Alpha, this initiative aims to streamline the state’s title transfer process. The new application developed by the DMV will allow users to easily
In recent news, prominent on-chain sleuth ZachXBT has uncovered evidence linking convicted UK hacker Gurvinder Bhangu, also known as Gurv, to a series of high-profile hacks involving American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These hacks resulted in the theft of over $530,000 through Solana meme coin scams. On July 2nd, Sydney
Opeyemi is not your average writer – he is a dedicated and enthusiastic individual who has found his niche in the world of cryptocurrency. What started as a casual interest has evolved into a full-blown passion over the course of two years. His fascination with blockchain technology and the ever-changing landscape of cryptocurrencies is palpable
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. He has dedicated his career to unraveling the complexities of blockchain technology and digital assets while advocating for their widespread adoption. Through his work at NewsBTC, Semilore strives to provide accurate and informative news on cryptocurrency price action, on-chain developments,
Bitcoin miners are experiencing an increase in profitability and a recovery of their hashrate following the recent rally in the price of Bitcoin. As reported by CryptoQuant, the Bitcoin network’s hashrate has rebounded, with only a 3% drawdown from its all-time high compared to 8% in early July. This increase in hashrate is often associated
Bitcoin’s price recently experienced a significant drop following the breakdown of the $64K support level. This drop has positioned the cryptocurrency in a key area that could potentially determine the mid-term fate of the crypto market. The daily chart indicates a continuous drop in price since the creation of a double top pattern at the
Recent economic uncertainty in the United States has had a significant impact on the price of Bitcoin and altcoins. In the span of a few days, Bitcoin’s price plummeted to $60,500, marking its lowest point in almost three weeks. The altcoin market fared even worse, with assets like SOL, TON, and UNI experiencing drops of
Toronto-based Bitcoin mining company, Bitfarms, recently announced that its operational hash rate reached an impressive 11.1 EH/s by the end of July. This marked a significant 109% year-over-year increase and a 7% rise month-over-month. The company reported that the average operational hash rate for the month stood at 10.3 EH/s, representing a 36% increase from
Satoshi Nakamoto, the mysterious creator of Bitcoin, has managed to keep their true identity under wraps for over a decade. Despite widespread speculation and numerous theories, the enigmatic figure behind the world’s most famous cryptocurrency remains elusive. From claims by individuals like software developer Craig Wright to accusations by Fox Television’s Tucker Carlson, the true
