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Bitcoin Hashrate Drops by 44 EH/s, Miners Face Mounting Profitability Challenge

Bitcoin hashrate drops by 44 EH/s as miners face declining profits. Learn about the challenges in maintaining profitability amid falling hashprice and transaction volumes. Bitcoin Hashrate Declines Significantly The computational power of the Bitcoin network, measured by its hashrate, has decreased substantially in recent days. From its peak of 824 exahash per second (EH/s), the…

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DOJ Indicts 3 Russians for Laundering Cybercrime Proceeds via Cryptocurrency Mixers

The DOJ has indicted three Russian nationals for operating cryptocurrency mixers linked to laundering ransomware and cybercrime proceeds. Learn about the charges and implications. U.S. DOJ Indicts Russians for Laundering Funds Through Crypto Mixers The U.S. Department of Justice (DOJ) has indicted three Russian nationals for their roles in operating cryptocurrency mixers Blender.io and Sinbad.io,…

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Cardano and FC Barcelona Partner to Encourage Fan Engagement With Blockchain

Cardano and FC Barcelona partner under the Barça Vision program to revolutionize fan engagement using blockchain technology. Discover the collaboration’s focus on education, rewards, and community involvement. Cardano and FC Barcelona Partners for Barça Vision Program On January 9, 2025, the Cardano Foundation and FC Barcelona announced a strategic partnership under the club's Barça Vision…

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Singapore Bans Polymarket Over Regulations Violation Concerns

Key Takeaways: Singapore has blocked Polymarket, citing violations of its strict Gambling Control Act. The platform, classified as illegal gambling, faces penalties, including fines and imprisonment for violators. This action reflects Singapore's broader caution toward unregulated decentralized finance platforms globally. The Gambling Regulatory Authority of Singapore has ordered internet service providers to block access to…

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US Senator Pledges to Reverse SEC’s Crypto Policies Under Gary Gensler in 2025

A US senator promises to reverse SEC Chair Gary Gensler's crypto policies, supporting a nominee advocating for innovation-friendly regulations. US Senator Pushes for Change in SEC Crypto Oversight U.S. Senator Tim Scott (R-S.C.) has vowed to address the effects of SEC Chair Gary Gensler's policies on cryptocurrency regulation. On January 7, Scott announced his support…

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North Dakota joins Growing Trend, Considers Setting up Crypto Reserve

The state of North Dakota is considering diversifying its assets into crypto and precious metals.  Legislators in the state drafted a resolution that seeks to mitigate the impact of inflation on North Dakota’s finances by diversifying its assets.  Digital assets and Precious metals are the two foremost investment vehicles considered in the resolution.  The official…

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Thai Authorities Seize 1,000 Bitcoin Mining Rigs in $3.2M Electricity Theft

Thai authorities seized nearly 1,000 Bitcoin mining rigs in Chon Buri province for electricity theft worth $3.2 million, uncovering tampered power meters. Law Enforcement Takes Action in Chon Buri Province Law enforcement in Thailand has seized nearly 1,000 Bitcoin mining rigs from a company accused of electricity theft, marking one of the largest crackdowns in…

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