Cryptocurrency

With all its problems and issues, Bitcoin has always been the de facto cryptocurrency leader. Consequently, every crypto investor or enthusiast has always seen BTC as a key investment step and the largest hope in achieving mass adoption of cryptos worldwide. However, the Bitcoin blockchain has not had any major upgrades for about 4 years since the launch of SegWit in 2017. As a result, major issues still exist in the form of security, privacy, and scalability. The taproot upgrade…

China's crackdown on cryptocurrency mining has extended to the southwest province of Sichuan, reversing its previous lenient stance on the sector amid a national crackdown against these significant power-intensive activities. As a result, the authorities ordered cryptocurrency mining projects to close in the major mining center. According to data compiled by the University of Cambridge, Sichuan is China's second-biggest bitcoin mining province. The recent development will further cut down computing power for crypto mining after third-place Inner Mongolia conducted a…

In just 2021, Venture Capital Funds have invested over $17 billion in the crypto market. Compared to all previous years combined from 2010, 2021 beats all of them by $7.4 billion. Despite the tumbles that the cryptocurrency world is going through now, this shows optimism that the price may go higher in the future. It's Not Just Venture Capital In terms of their investments in the crypto market, companies have been particularly active, according to a market data company, PitchBook.…

Today, the manufacturing industry accounts for a more significant percentage of a country’s Gross Domestic Product (GDP). Data shows that manufacturers in the U.S alone generated $2.35 trillion by the fourth quarter of 2019. This sector mainly involves converting materials into finished goods through mechanical, physical, or chemical procedures. Despite being a lucrative sector, the manufacturing industry faces various issues that mostly emerge from poor management and outdated technology.  These factors slow down the company’s activities, resulting in the use…

One of the commissioners at the United States Securities and Exchanges Commission has warned against too strict rules on cryptocurrencies. She says that her colleague’s efforts to impose such regulations will give investors a tough time doing business in the US. Instead, Hester Pierce wants financial regulators to adapt accordingly to the growing cryptocurrency market cap. Mrs. Pierce said the idea that regulators have to grasp every tiny detail of financial aspects vastly discourages innovation. She continued to say,  “I…

The Justice Department has recovered most of a multimillion-dollar ransom payment to Darkside, a Russia-based hacker group, after a cyberattack that made the operator of the nation's largest fuel pipeline, the East Coast pipeline, halt its operations last month. The operation to seize cryptocurrency paid by the hacker group is the first of its kind. The recovery of a ransom paid by a company that had fallen under a cyberattack was rare. It was undertaken by a specialized ransomware task…

Elon Musk has once again moved the crypto market after shilling another cryptocurrency on Twitter. This time around, the SpaceX CEO caused the price of adult-themed cryptocurrency CumRocket (CUMMIES) to shoot up 350% in just 10 minutes. On June 5, the celebrity investor tweeted a series of emojis that appeared to reference CumRocket going to the moon. Musk first wrote, “Canada, USA, Mexico,” which some on crypto Twitter somehow interpreted as hinting at the phrase “CUM” based on the first…

For some time now, OnePlus has been trending ahead of its new Nord smartphone launch. The company has recently expressed interest in venturing into crypto through a recent survey conducted regarding blockchain research. The Survey Details The China company ran a survey to receive input on what their customers had to say about cryptocurrencies. Titled 'OnePlus Block Blockchain Research,' they questioned the use of platforms like Gemini, Binance, Coinbase, and Robinhood.  Just from the name of the survey, it is…

Creditors of the infamous Mt.Gox crypto exchange may soon have something to smile about. This follows an invitation for them to vote on a Draft Rehabilitation Plan for the defunct exchange.  In a May 31st notice to the exchange's victims, Mt.Gox's Rehabilitation Trustee Nobuaki Kobayashi announced the start of the voting process that could see them recoup part of their funds. The move follows a February 22 Tokyo District Court order okaying the process.  Earlier, Mr. Kobayashi had sought the…