Environmental Challenges in Bitcoin Miners A report from Arcane, published by CoinTelegraph, has indicated that While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin miners, a report has revealed the market’s potential to transform the energy industry.   Bitcoin Miners are said to be responsible for approximately 137 terawatt hours of...Continue Reading

Lessons from Crypto.com’s $10.5M Error Crypto.com, has mistakenly transferred $10.5 million to a Melbourne woman, Thevamanogari Manivel, back in May of 2021, when they were simply trying to process a refund of $100.     The exchange is currently reeling from the expensive accident, revealing the mistake was only picked up 7 months later in...Continue Reading

The Role of Digital Currency in the Future  According to Cointelegraph, the Reserve Bank of Australia (RBA) is weighing in on the race of exploring the use cases of central bank digital currency (CBDCs) in the nation.     In doing so, it will collaborate with the Digital Finance Cooperative Research Centre (DFCRC) on a...Continue Reading

U.S. Sanctions on Cryptocurrency Mixers On Monday the U.S. Treasury Department placed sanctions against the cryptocurrency mixing service Tornado Cash, citing its use by the North Korea-backed Lazarus Group in the high-profile hacks of Ethereum bridges to launder and cash out the ill-gotten money.     Tornado Cash is a so-called mixer, which blends streams...Continue Reading

Zipmex’s Withdrawal Freeze Zipmex, a  cryptocurrency exchange that operates in Singapore, Thailand, Indonesia and Australia has paused withdrawals on its platform following a “combination of circumstances” beyond its control.   Per Cointelegraph, reports that Zipmex could be in trouble were dismissed as “rumours” by CEO and co-founder Marcus Lim following the failed acquisition of the...Continue Reading

Tesla’s Bitcoin Strategy and Its Impact Leading electricity car manufacturer Tesla has revealed it has converted 75% of its Bitcoin holdings into fiat currency, selling $936 million worth, the company reported Wednesday in its earnings report.     “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat...Continue Reading

What is Celsius?   Per CoinMarketCap, Celsius originally came into being as the product of creators Alex Mashinsky and Daniel Leon in 2017.   Mashinsky has a long-running history in the internet development sphere, having worked on the Voice Over Internet Protocol (VOIP) in the 1990s and other technologies since. Celsius is far from Mashinsky’s...Continue Reading

A woman now known as the infamous “Cryptoqueen”, who is accused of defrauding investors of over $4 billion/USD worth of funds through the sale of a fake cryptocurrency, has now been placed on the FBI’s list of its 10 most-wanted fugitives.     She has now been missing for over 4 years, 8 months and...Continue Reading

Federal Reserve’s Impact on Cryptocurrency Markets Starting June 1, the Federal Reserve will begin draining that plus $3.3 trillion of bank reserves from its nearly $9 trillion balance sheet to put all of this money in motion — a process it called “quantitative tightening”.     Quantitative tightening, also known as balance sheet normalisation, is...Continue Reading

Navigating the World of Cryptocurrency Trading Australia’s largest bank has decided it will pause its rollout of its Cryptocurrency trading app-based trading of digital currencies such as Bitcoin and Ethereum pending further regulation.   The multinational corporation has also sought to pause all testing features, preventing any cryptocurrency sales on its app amid the current...Continue Reading