Crypto

BNB Chain sues ex-employee over $628K memecoin trade

BNB Chain said on Aug. 1 that it was pursuing legal action against a former employee who allegedly retained unauthorized…

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Crypto PAC spending tops $2M in Michigan House race

A crypto industry-aligned political action committee has pushed its spending above $2 million in Michigan’s 13th Congressional District, according to…

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Coldcard Bitcoin losses rise to $88.6M in third wave

Galaxy Research raised its estimate of Bitcoin drained from addresses linked to the Coldcard firmware flaw to 1,367.05 BTC, worth…

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A build error in Coldcard’s firmware drained $38 million in bitcoin in 25 minutes

Coinkite says an attacker used AI to find a flaw its own AI review missed, exposing 500 wallets to a…

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Tether’s $1.5 billion Q2 profit and the reserve buffer problem

Tether earned $1.5 billion in three months while its safety cushion fell by half, raising questions about whether the world’s…

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difficulty falls 19.9% as miners pivot to AI

Bitcoin mining difficulty has dropped 19.9% from its peak in the third deepest ASIC era decline on record, as miners…

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The $4 billion Iran sanctions evasion network through crypto

The United States has sanctioned Iranian exchanges, frozen nearly $1 billion in cryptocurrency, and traced $3.84 billion in Iran-linked flows…

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South Korea crypto trading volume plunges nearly 55% in H1

Trading volume across South Korea’s five major won-based crypto exchanges fell 54.6% year over year in the first half of…

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Bitcoin price tests $63K as ETF outflows hit $265M

Bitcoin price hovered near $63,000 on Aug. 1 as US ETF outflows, weakening momentum and regulatory uncertainty kept buyers on…

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What is proof of work? Bitcoin consensus explained

Proof of work is a consensus mechanism that forces computers to spend measurable energy solving a mathematical puzzle before they…

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