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One Year Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Money Laundering

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It’s been a year since we first covered the story surrounding Squiggles, an NFT rugpull that was traced down with a full-fledged manifesto. The NFT market has seen so much come and go since this time, but the story of Squiggles has at least one more chapter left in it.

Reports have emerged on Thursday that a U.S. Federal Grand Jury is investigating the founders of the project, including reviewing the aforementioned manifesto document and social media posts.

Let’s dive into the latest in the ‘Squiggles saga.’

Squandering The Squiggles  Read more...

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First Bitcoin Mining Powered By Nuclear Energy To Open In The U.S. In Q1 This Year

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Positioning bitcoin mining with carbon-free sources, like nuclear energy, offers enormous benefits to the cryptocurrency industry as digital assets grow in popularity, acceptability, and engagement with the broader economy.

World Nuclear News reports that Cumulus Data, a subsidiary of independent power producer Talen Energy and a maker of zero-carbon data centers, has finished installation on the first building of its nuclear-powered Susquehanna data center site in Pennsylvania.

Cumulus Data says that the 1,200-acre complex will be the first of its type in the United States when it begins hosting bitcoin mining and cloud computing services in the first quarter of 2023.  Read more...

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This Year, Bitcoiners Should Quit Their Twitter Addictions

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Bitcoin Twitter is a strong and vibrant community, but members should make sure they are in control of the energy they spend there.

This is an opinion editorial by Mark Maraia, a professional development author and Bitcoin researcher.

I’ve been studying Bitcoin since 2020 and I’ve noticed there is a strong, vibrant community on Twitter. In fact, “Bitcoin Twitter” is virtually its own “country” that exists online.  Read more...

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Luxor’s Hashrate Index 2022 Mining Year In Review Shows Bitcoin’s Resilience

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Analysis shows that even though the mining industry saw major pressure this year, the network hashrate still grew immensely.

Hashrate Index has released its 2022 Bitcoin Mining Year In Review, an extensive report on the mining industry and markets surrounding it.

2022 was a difficult year for Bitcoin mining, with the bear market leading to a hashprice all-time low, bankruptcies and losses for miners. Despite this, hash rate still grew 41%, and Bitcoin mining still generated nearly double the rewards compared to the previous three years. The report covers all of these topics and more in detail.  Read more...

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Crypto’s Year In Sports: A 2022 Review

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Is there a concise way to describe the sports landscape throughout crypto over the past year? It’s been climbs to mountain top highs, dips and dives to unthinkable lows, and everything in between. We saw smashing new sponsorship deals that rose to prominence and crashed to rock bottom all in less than a year’s span. We saw controversy around athlete endorsement of crypto products. The list goes on and on, but after a quick start to 2022, market conditions impacts sports in a major way by the time the end of the year rolled around.  Read more...

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The Good, The Bad And The Ugly From 2022, Bitcoin’s Year Of The Bear

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For Bitcoin, 2022 was a year of lessons, frustrations, vindications, progress and, in some cases, regress. What should we take with us for 2023?

This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” It is part four of his “Remnant Series.”

What a year. Many of us said that it would only get stranger, but I’m not sure anyone was truly ready for what would transpire.  Read more...

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Ethereum DeFi Suffered 76% Decline In Total Value Locked This Year

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Data shows the bear market has also hit Ethereum decentralized finance (DeFi) hard, as the total value locked in the sector has declined by 76%.

Total Value Locked In Ethereum DeFi Now Only Around $ 23.1 Billion

Decentralized Finance (or DeFi as it’s most commonly known) includes all types of financial services that are done on the blockchain. Like other entities on the blockchain, DeFi is public and doesn’t involve any centralized party to get things done (as transactions are peer-to-peer).  Read more...

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2022: A Year Of Grassroots Bitcoin Adoption For Africa

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Traveling to four African countries throughout 2022, Bitcoin For Fairness encouraged several grassroots Bitcoin adoption projects.

​​This is an opinion editorial by Anita Posch, the founder of Bitcoin For Fairness who has traveled around the world to learn how the globally unbanked can benefit from sovereign money.

In early 2020, during my first visit in Zimbabwe, my assumption that Bitcoin is needed the most in the Global South was confirmed. I found a nation in distress about money, because of a kleptocratic ruling elite that had been defrauding and stealing from their people by inflating the national currency for decades. Despite this, corruption and military support allowed these leaders to stay at the top for over 40 years.  Read more...

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2022 Was Bitcoin’s Year Of Differentiation

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2022 was marked by high-profile financial sovereignty issues and crypto implosions. The case for Bitcoin has never been more clear.

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.

2022 started with a bang, especially in Canada. Whether or not you agree with the premise behind the Canadian Trucker Protest, I think most can agree that freedom of speech is a keystone right in modern Western Democracies.  Read more...

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2022 – Crypto Markets: A Year in Review

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2022 has been a difficult year for cryptocurrency. Coming off euphoric highs from the year before, the crypto market has endured an environment of tightening monetary policy, which led to sell-offs, implosions of new projects like TerraLuna, bankruptcies of CeFi companies like Celsius and Voyager Digital and a climactic downfall of the FTX exchange.
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Shiba Inu Welcomes Over 100,000 Holders This Year As SHIB Tries To Ward Off The Bears

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Shiba Inu once carried so much promise that the crypto space actually believed it will flip and overtake the “OG” (slang: original gangster) dog-themed crypto, Dogecoin.

But SHIB failed to live up to the hype, falling victim to the volatility that has been plaguing the cryptocurrency market this year.

At one point, Shiba Inu ranked behind Dogecoin in terms of market capitalization. But now, the crypto asset has fallen even further behind DOGE.

According to tracking from Coingecko, SHIB ranks 13th among all digital currencies, having a market cap of $ 5.9 billion. As of this writing, it is trading at $ 0.00001015, losing 7.8% of its value for the past week.  Read more...

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Here’s How Much ETH Is Expected To Be Burned Every Year

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The Ethereum (ETH) burn was implemented with the EIP-1559 and since then, thousands of ETH have been burned and taken out of circulation. The ETH burn continues in a bid to make the cryptocurrency deflationary, and it has actually been able to achieve this in some blocks. Given the number of ETH that is being burned by the hour, here is how much ETH is expected to be burned each year.

ETH Burn Rate Higher Than Issuance  Read more...

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Bumper Year: Crypto Hackers Step Up With Record $3 Billion Theft This Year

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Crypto hackers surpassed the level of performance they did last year that enabled them to get away with $ 2.1 billion worth of cryptocurrencies, setting their own “all-time high” this 2022.

With still over two months left before the year ends, these cybercriminals have already carted off with $ 3 billion worth of cryptocurrencies, CBS News reported Friday.

What’s more impressive is how crypto hackers managed to pull off this kind of score considering exchange platforms that were the target of their attacks before have taken measures to strengthen their security.  Read more...

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Bitcoin Hashrate Breakout Leads To Largest Difficulty Adjustment In A Year, But Why?

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Data shows the recent surge in the Bitcoin hashrate has now resulted in the largest difficulty adjustment to the network in over a year.

Bitcoin Mining Difficulty Spikes Up Following ATH In Hashrate

According to the latest weekly report from Arcane Research, the BTC block production rate reached a value of almost 7 recently after the hashrate surge.

The “mining hashrate” is an indicator that measures the total amount of computing power connected to the Bitcoin blockchain.

Using this available hashrate, miners hash blocks (or more simply, handle transactions) on the network, and the pace at which they do this process is known as the block production rate.  Read more...

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One Year Later, CNN Shuts Down NFT Marketplace, Accused Of ‘Rugging’ Users

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After just over a year of operations, CNN is shuttering it’s NFT platform, ‘The Vault.’ Despite the crypto and NFT markets enduring substantial downturn throughout a good portion of this year, CNN was operating a modest, relatively under-the-radar NFT project that was the media outlet’s first web3 foray.

Despite nearly half a million dollars worth of sales revenue from the NFT releases on the platform, CNN is pulling the plug, and ‘vaulting The Vault.’ Let’s look at some insights around why the media behemoth is shutting down the platform.

CNN: A Case Study  Read more...

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Binance To Reach 1 Billion In Investments By End Of This Year

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Despite the long-lasted crypto winter, blockchain developments continue to make headlines almost daily.

Similarly, the world’s largest crypto exchange by trading volume, Binance, has spent a considerable fortune on investments and acquisitions and continues to pour money even in worse market situations. Chengpeng Zhao (CZ), the crypto exchange founder, has revealed that there is still so much left to build, and the company’s spending is expected to reach 1 billion by ending this year.

Related Reading: Public Bitcoin Miners Plan To Grow Hashrate 50% By End Of 2022  Read more...

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Sci-fi Game Becomes the Biggest P2E on Polygon in Less than a Year

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The Web3 gaming revolution is up and running, regularly spurring new and exciting GameFi projects. One of them, Planet IX, managed to fly under the radar while developing into the biggest play-to-earn (P2E) game on Polygon. More importantly, it achieved this feat in less than a year, attracting over 50,000 monthly users with a unique game concept, solid tokenomics, rewards, and promising features. Read on to discover how it got there so fast.

What is Planet IX?  Read more...

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El Salvador: One Year Of Bitcoin And Counting

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The on-the-ground projects of El Salvador’s Bitcoin adoption show how the citizens of the country seek financial education.

This is an opinion editorial by Renata Rodrigues, global community and education lead at Paxful.  Read more...

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