Venezuela bans crypto mining to deal with energy crisis

Venezuela bans crypto mining to deal with energy crisis

The buzz is that the Venezuelan government is cracking down on power-hungry crypto-mining companies. According to AlbertoNews, the Ministry of Electric Power is ready to pull the plug on these energy-draining operations, which have been sapping the national power grid, SEN. The government’s ultimate goal is to balance energy usage and ensure a stable electricity … Read more

Crypto quake affected 298,239 traders, caused losses of almost $1 billion

Crypto quake affected 298,239 traders, caused losses of almost 1 billion

Prepare to hold onto your hats, folks, because the crypto market is experiencing a wild ride! In just 24 hours, a jaw-dropping $1 billion has been liquidated, sending shockwaves through the world of digital assets like Bitcoin and Ethereum. A staggering 298,239 traders have been caught in the crossfire, with a massive total liquidation value … Read more

Shocking: Crypto industry losses to hacking decreased by 23% in Q1

Crypto Industry Loss due to hacker

Crypto Projects Suffer Devastating Losses of Over $321 Million in Just Three Months! The Shocking Truth Behind the 46 Hacks and 15 Frauds Unveiled by Immunefi Report.Be warned: The Wild West of Crypto, known as decentralized finance (defi), is a hotbed for malicious attacks. With a 100% loss rate, defi is a prime target for … Read more

SEC Chair Gary Gensler Says Crypto Industry Needs ‘Disinfectant’ – Here’s reason

A man washing the Tap

“Amidst the hallowed halls of Columbia Law School, a fiery and fervent Gary Gensler, the Chair of the SEC, unleashed a searing condemnation upon those in the crypto industry who dare to skirt registration regulations.” Promoting Transparency In Cryptocurrency Gensler’s electrifying speech delved into the pressing issue of transparency and mandatory disclosure in the ever-evolving … Read more