IREN tumbles after short seller calls miner ‘Prius at the Grand Prix’

The third quarter was tough for mining rig manufacturers as the impact of COVID-19 continued to weigh heavy. 1846 Total views 14 Total shares The stock of one of China’s "Big Three" mining firms is in free fall Monday after reporting another quarterly loss, underscoring the operating challenges imposed by COVID-19.Canaan Creative, which manufactures mining…

Investors seem to have priced in a 25 basis points rate hike by the United States Federal Reserve on May 3. Next, they will look for clues on the Fed’s actions for the rest of the year.Will the Fed maintain its hawkish stance as inflation still remains well above its target range or will the…

Crypto crime rates are dropping despite a massive increase in attacks targeting the DeFi sector, reports security firm CipherTrace. 735 Total views 12 Total shares Crimes targeting the virtual currency sector decreased by more than half in 2020 according to blockchain security firm CipherTrace.The firm’s 2020 cryptocurrency crime and anti-money laundering report revealed that losses…

The Ethereum Medalla Testnet launched, but it is not yet achieving the participation it needs. The Ethereum Medalla testnet launch, scheduled for 1pm UTC, did not proceed as smoothly as expected.While the network launched successfully and proposed a sufficient number of blocks at the supposed genesis time, participation rate was a mere 57%; much lower…

Bitwise’s Matt Hougan said the idea that US politicians are even considering Bitcoin as a reserve asset is a monumental step given it felt more like a “daydream” a year ago.

The firm highlighted growth in hash rate, mining equipment sales, hosting revenue, digital asset mining income as key reasons for the improved performance. 227 Total views 25 Total shares U.S. Bitcoin mining firm Core Scientific has posted bullish 2021 fiscal year results compared to the year prior, with its revenue increasing by 803% to $544.5…

A crypto whale that placed hundreds of 50x leverage long position bets on Bitcoin and Ether before US President Donald Trump announced a Crypto Strategic Reserve has profited nearly $7 million from the trades. The whale deposited $5.9 million in USD Coin (USDC) on decentralized derivatives exchange Hyperliquid on March 1 to place the long

Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia, and more. They have rapidly gained in popularity over the past year for their ability to enable everyday artists to create and sell content. In fact, OpenSea, the world's biggest NFT marketplace, recently surpassed $1.6 billion in monthly trading volume…

CryptoVoxels will be the home of the Spells of Genesis trading card exhibit, as NFT galleries become increasingly commonplace in the metaverse. 67 Total views 30 Total shares Thursday marks the fifth anniversary of Spells of Genesis; generally regarded as the very first play-to-earn blockchain game. EverdreamSoft, the game studio behind SoG, first distributed many…