Leaked recordings suggest crypto lender Babel Finance leveraged some user funds to long bitcoin and faced potential default risks during this year’s Black Thursday market crash.
Bilibili Copycat Tried to Save Itself With a $2M Crypto IEO – It Didn’t Work
A Chinese video streaming copycat service raised $2.1 million via an initial exchange offering in August 2019 – but it appears this last resort wasn’t enough to save the company.
MicroBT Sets Up First Offshore Bitcoin Miner Factory to Expand US Market Share
The new Southeast Asian facility will mean U.S. buyers won’t have to pay an additional 25% tax on miner orders.
China State Media Make Rare Reports Calling Crypto 2020’s Best Performing Asset
Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year’s top performing investment.
Ethereum’s Pending Transactions Jump 30% After Uniswap’s Token Claim Begins
The number of pending transactions has reached over 210,000 after the claim for Uniswap’s UNI token starts.
Japanese Crypto Exchange Accuses Binance of Helping Launder $9M From 2018 Hack
Fisco, formerly Zaif, is suing Binance for “aiding and abetting” the laundering of some of the $60 million stolen in 2018.
Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight
In a new twist of Bitmain’s ongoing power fight, co-founder Wu Jihan has regained the legal representative status of the bitcoin mining giant.
Security Firms Warn of Potential DeFi Exit Scam After $2.5M in ‘Locked’ Cryptos Moved
Two blockchain security firms have warned that the creators of a DeFi contract on the EOS network may have fled with users’ funds.
Court Denies Bitmain $30M in Damages From Co-Founders of Rival Poolin
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.
China’s Digital Currency May Come With Hardware Wallets as Well
China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works.
Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention
China Construction Bank had quietly opened up the wallet service of China’s digital yuan to public users – but has now disabled it shortly after the feature gained wide attention.
Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia
Affected mining centers in the area may see a notable increase in electricity costs.
Bitcoin Miner Layer1 Overstated Industry Vet’s Involvement in $50M Series A Pitch
Peter Thiel-backed Layer1 told potential investors in a recent pitch deck that bitcoin miner maker Canaan’s co-founder Liu Xiangfu joined its team as a key executive – except that’s not what Liu says.
Top Bitcoin Mining Pools See 15% Hash Rate Drop Amid Continuous Rainstorms in China
Major Chinese bitcoin mining pools are each seeing daily hash rate drops between 10 to 20% as continuous rainstorms in Sichuan disrupt power supply.
Daily Profitability for Ethereum Miners Hits Over 2-Year High
The surge in profitability comes after rises in transaction fees and prices of the ether cryptocurrency.
Bitmain Delays Bitcoin Miner Shipments by Three Months as Co-Founders Battle On
The escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers.
The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners
Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever.
Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund
The crypto exchange group is forming a new fund to invest tens of millions of dollars in the DeFi space.
Police Arrest 27 Alleged Masterminds Behind $5.7B Plus Token Crypto Scam
Chinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme.
Ethereum Miners’ Income Soars by 60% in a Month – Outruns Ether’s Price Jump
Ethereum miners may have benefited the most from ether’s recent price rise and soaring transaction fees.
