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Bitfarms Boosts BTC Output
Bitfarms Boosts BTC Output Amid Easier Mining Conditions

Bitfarms has improved its BTC mining output amid the easier mining conditions. Bitforms deposited 1,445 BTC produced this year into custody. Also, the mining firm utilizes green electricity to power its mining operations. Listed crypto mining company, Bitfarms Ltd has ramped up its mining operations. The company is taking advantage of recent crypto mining bans in China to expand its market dominance.  The mining operation reportedly mined 1,357 BTC over the first half of 2021. In addition, Bitfarms deposited 1,445 BTC into custody. Notably, the BTC deposit is over 95% of the company’s BTC production so far this year.  Also,

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Twitter Users Debate Grayscale’s Upcoming GBTC Unlock

The Twitter crypto sphere is abuzz again about the upcoming GBTC unlock.  A Twitter user claims that the unlock will fail because Grayscale cannot sell BTC. Another user clears the air and says there is no such issue. The crypto Twitter community went abuzz this morning as a Twitter user declares the upcoming Grayscale GBTC unlock FUD dead. Specifically, the user says that Grayscale does not have the authority to sell any BTC.  The user — LilMoonLambo, makes this statement on their Twitter page. LilMoonLambo is a Bitcoin and crypto investor, trader, and NFT creator. Accompanying the statement was a

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Bitcoin Lightning Network
Bitcoin Lightning Network Grows 70% as Strip Club Accepts BTC Payment

Despite a drowsy summer for the crypto community, the Bitcoin Lightning Network has grown significantly as various platforms are starting to use the technology. According to a report by Arcane Research, the network has grown by up to 70% in less than 6 months, and is currently at 1,806 BTC. This surge may be due to various platforms and companies that are starting to embrace the network for payments. Recently, a Las Vegas strip club named Crazy Horse 3 revealed that it has started accepting Bitcoin payments through the said network. This will occur through OpenNode, a Bitcoin payment processing

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Bitcoin GBTC Unlocked
Bitcoin GBTC Unlocked, Analyst Weighs In on What This Means

Grayscale Bitcoin Trust is unlocking its Bitcoin trust on July 18. For the first time in over 6 months investors will be able to sell their GBTC shares. Also, several other analysts including JPMorgan have weighed in on the likely effect of the event. Popular crypto analyst EllioTrades Crypto weighed in on the ongoing debate about Grayscale’s GBTC share unlock. The event will occur on July 18, however, analysts are yet unsure whether this is bullish or bearish. Ellio started by explaining that Grayscale trust is an exchange-listed asset. As such, Grayscale lists stocks equivalent in number to the underlying

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Fake OpenSea Phishing Site Takes Everything From ETH Hodler
Fake OpenSea Phishing Site Takes Everything From ETH Hodler

An ETH hodler lost all their assets due to a fake OpenSea phishing site.  The hackers got away with $40,000 – $45,000 in digital assets.  The victim posts a thread explaining how this happened. In a horrifying stroke of misfortune, a longtime hodler of ETH and multiple other assets, lost most of their digital fortune. Specifically, the user lost between $40,000 – $45,000 worth of ETH and other assets.  In detail, the hodler shares the woeful tale through a detailed thread on their Twitter account. The user, known as JB (schlig), walks readers through what they said is ‘easily the

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Musk and Dorsey Meeting
Bull Run Incoming? India Crypto Bill, Musk and Dorsey Meeting

Despite the recent dump (again), the crypto space is looking to make a possible bullish recovery. A number of events are about to take place this July which may excite some uptrend movement. One event to look forward to is Tesla CEO Elon Musk and Twitter CEO Jack Dorsey’s Bitcoin upcoming conversation. As many in the crypto space know, these two personalities are big names in the industry. Elon is known to move markets by a mere tweet, and in the last couple of months, his tweets concerning Bitcoin’s energy usage has sent the BTC price down. The discourse will

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OKLink Unites With China Institute
OKLink Unites With China Institute to Fight Crypto Crimes

OKLink partnered with Nanjing Public Security Research in China TikTok bans crypto influencers The OKLink, a blockchain money transfer network has partnered with Nanjing Public Security Research in China. Specifically, this partnership aims to deepen the security of the country against fraudulent transactions in China. These heinous activities include money laundering and other illicit transactions. These made Wu Blockchain, a Chinese journalist and blockchain enthusiast, react: Furthermore, the Nanjing Public Security institute also announced that this partnership seeks to accelerate the effectiveness and improvement of blockchain in the government. The agreement between OKLink and Nanjing Public Security includes setting up

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Rumors Say Apple Has Bought Bitcoin
Multiple Rumors Say Apple Has Bought Billions in Bitcoin

Rumors are flying on Twitter pointing out the possibility of Apple investing in Bitcoin.  The rumors range from $2 billion to $2.5 billion of Bitcoin investments from Apple.  To support the rumor, Apple is looking for a candidate with crypto experience. The cryptoverse is alight with conflicting rumors about Apple having bought billions in Bitcoin (BTC). Specifically, the rumors range between Apple investing $2 billion and $2.5 billion.  For instance, GalaxyTrading tweets about the rumor saying Apple has bought more than $2 billion in Bitcoin. The tweet got a mix of responses. Some replies were enthusiastic and encouraged Apple to

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Ukraine Nabs Crypto Miners
Ukraine Nabs Crypto Miners For $259K Electricity Theft

Ukraine police recently found an illegal crypto mining farm. The mining farm allegedly stole up to $259,000 worth of electricity from a power plant. Also, authorities seized 1000s of mining devices including PS4 gaming consoles. Police in Ukraine uncovered a crypto mining farm that was stealing electricity from Vinnytsia city, southwest of Kyiv. The crypto mining enterprise allegedly stole electricity worth $259,000 from the Vinnytsiaoblenergo power plant.   In addition, police seized 1000s of mining devices like computers, gaming consoles, and graphic cards. As such, this is the largest crypto mining farm the Ukraine police have discovered to date.  However, the

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Pundi X Unites With OVO Dijital Servisler
Pundi X Unites With OVO Dijital Servisler, Fast Tracks Turkey Crypto Trades

Pundi X partnered with OVO Dijital Servisler A.S. in Turkey SHIB smashes $1 billion TVL Pundi X partnered with OVO Dijital Servisler A.S. to spread the crypto adoption in Turkey. To be specific, this partnership enables Pundi X to help interested business owners to set up crypto exchange spots in the country. As a result, trading cryptocurrency using the Pundi X and OVO Dijital Servisler technology will now be easier than ever before. This made the General Manager of OVO, Hakan Akyüz react, he said: “Pundi X platform is fully compliant to the new crypto asset regulation announced by the

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Grayscale's January Bitcoin Fund
Grayscale’s January Bitcoin Fund Will Unlock Soon

Grayscale’s BTC fund from January will unlock this month.  The GBTC stocks will be worth 41852.26 BTC.  We will see if the funds are reinvested or cashed out. Grayscale’s January BTC fund is ready for its much-awaited unlock this month. In particular, the GBTC stocks should be worth 41852.26 BTC. This will mark the biggest single-day unlocking event.  Specifically, that day will occur on July 18, 2021. In detail, its value will stand at 16,240 BTC stocks. Recently, the price of Bitcoin fell hard, this could lead to a possible drop in reinvestments once the Grayscale BTC funds are unlocked. 

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Binance (BNB) Surges 15%
Binance (BNB) Surges 15% Amid Regulatory Woes

BNB price keeps rising despite Binance’s regulatory woes. The token surged over 15% in the last two weeks. Also, BSC recently surpassed 2 million staked BNB. Top-ranking cryptocurrency, BNB has continued to surge despite negative press. Specifically, BNB is the native token for under fire crypto exchange Binance. To clarify, Binance exchange has received a lot of bad press recently. This is because the exchange has been under fire for failing to meet regulatory compliance in several countries. In fact, regulatory authorities in Thailand went as far as filing a criminal complaint with the Kingdom’s Royal Thai Police (ECD).  In

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