The Kingdom of Bhutan has been secretly running a state-owned Bitcoin mining operation using its vast hydroelectricity resources. In collaboration with Bitdeer, the country aims to generate 100 MW from its 550 MW power supply. While the exact location and profitability of the mine remain undisclosed, Bhutan’s massive computer chip imports indicate large-scale involvement in Bitcoin projects.
Day: May 1, 2023
Security Breach at Level Finance: Decentralized Dilemma, Resilience & Future Challenges
In a recent security breach, decentralized exchange Level Finance lost over 214,000 LVL tokens ($1 million) due to a smart contract bug. The incident raises questions about the safety and security of decentralized systems, highlighting the need for continuous evolution and proactive measures to protect users’ assets in the blockchain era.
Challenges and Solutions for a Decentralized Blockchain Future: Exploring Scalability, Energy, and Power Imbalances
Blockchain technology promises a decentralized, secure, and transparent system for digital transactions. However, it faces challenges such as centralization of power, limited scalability, high energy consumption associated with hash rates, and concentration of wealth among early adopters. Developing solutions to address these issues and educating more people about the technology can help create a decentralized future that benefits all.
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Crypto Coaster: Sally Ho’s BTC/USD Analysis Unravels the May 2nd Market Dip, Humor Included
The crypto coaster continues as Sally Ho’s BTC/USD technical analysis unveils the market dip on […]
UK’s Proposed Crypto Regulatory Framework: Key Debates and Industry Insights
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Crypto Hacks and Scams: Analyzing the $103M Loss in April vs. $211M in March
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Liquid Staking vs DEXs: Battle for TVL Dominance in the DeFi Space
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Unlocking the Mind: AI Decodes Thoughts and Blockchain’s Role in Thought Preservation
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Poloniex Faces $7.6M Settlement Over Sanctions Violations: A Deep Dive into Compliance
In a recent announcement, the United States Treasury Department’s Office of Foreign Asset Control (OFAC) […]
Poloniex Pays Millions in U.S. Treasury Settlement: Costly Compliance Lesson for Crypto Exchanges
In a recent development, cryptocurrency exchange Poloniex has agreed to pay a hefty sum of […]
StarkNet 2023 Roadmap: Aiming for the Stars or Overshooting the Moon? An In-Depth Look at Performance Goals & Potential Pitfalls
StarkNet’s ambitious roadmap for 2023 has generated both excitement and skepticism within the crypto community, […]
Perpetual Lending Protocols & NFTs: Revolutionizing Finance or Risky Business?
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Nigeria’s SEC May Permit Tokenized Offerings, But Not Crypto Trading: A Step Forward or Stalemate?
Nigeria’s Securities and Exchange Commission (SEC) is reportedly considering granting licenses to operate digital exchanges […]
Banking Crisis Brewing: Crypto’s Booming Potential or Fed’s House of Cards?
Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has taken to Twitter to express his […]
Bittrex Global CEO vs SEC: Debating Enforcement Actions and Crypto Regulations
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Litecoin vs. Polygon: Navigating the Crypto Hype While Eyeing the New Kid on the Block, Collateral Network
The cryptocurrency market continues to surprise and astonish investors, as a flurry of new coins […]
Poloniex Settles $7.59M Sanctions Violations: Lessons for Crypto Exchanges
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NFT Marketplace Blur Introduces Blend: A Risky Game of Perpetual Loans or Liquidity Boost for Token Owners?
Blur, the influential NFT Marketplace for pro traders, has unveiled Blend, an innovative peer-to-peer perpetual […]
Ethereum Network Fees Skyrocket Post-Shapella Upgrade: L2 Solutions Rising
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade […]
Bitcoin Ordinals’ Popularity: A Driving Force for Blockchain Transactions or a Loading Curse?
At peaks, there can be as many as 5,000 unique inscriptions on every bitcoin block, […]
Cardano Outshines Ethereum and Bitcoin in Daily Development: A Humorous Look at the Battle for Blockchain Supremacy
There is more daily development on Cardano, a smart contract platform, than on any other […]
Bitcoin Boom Amid Bank Failures: Exploring Crypto’s Role in a Disordered Economy
As the U.S. government orchestrates yet another financial rescue plan – with JPMorgan Chase acquiring […]
Bitcoin’s New Transaction Record: The Ordinals Revolution and Its Impact on the Crypto Ecosystem
Bitcoin has recently set a new transaction record with over 568,300 processed in a single […]
Binance Coin Soars Amid Sui Network Partnership & Regulatory Hurdles: A Double-Edged Sword for Crypto’s Future?
Binance Coin (BNB) experienced a significant gain of 2.24% over the past 24 hours, reaching […]