Crypto mining can benefit Texas energy industry: Comptroller’s office

The United States filled in the wide gap in Bitcoin (BTC) mining that was left open by China by the end of June 2021. Despite looming rumors of high power consumption, officials in Texas, one of the fastest growing crypto mining hubs in the U.S., now believe that mining operations can, in fact, garner a…

Alameda Research co-CEO Sam Trabucco resigns, Caroline Ellison will become sole head

Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become the sole CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchange founder Sam Bankman-Fried in 2017. In a long thread prefaced with a…

More than $100M worth of NFTs stolen since 2021 — Elliptic

Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or NFTs, starting in 2021. In its NFTs and Financial Crime report released on Wednesday, Elliptic said crypto users had been the victims of roughly $100.6 million worth of scams related to NFTs in…

Learn about the most recent approvals in the industry

Cryptocurrency companies have been moving to improve compliance worldwide amid the bear market of 2022, with many platforms increasingly securing licenses and approvals. As one may find it difficult to track all global regulatory milestones in crypto, Cointelegraph has picked up some of the latest compliance developments over the past couple of weeks. Global crypto…

Tornado Cash saga highlights legal issues affecting the crypto market

Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United States Department of the Treasury’s Office of Foreign Assets Control issued legal sanctions against digital currency mixer Tornado Cash….

Boomer on the dancefloor! The 64 yr old Bitcoin breakdancer on investing

One of the world’s oldest competitive “breakers,” or breakdancers, is twisting and shouting Bitcoin (BTC) on dancefloors across the United States. Aged 64, Ben Hart told Cointelegraph he reckons he’s “the world’s oldest actively competing breaker.” For context, Gary Gensler, the chair of the Securities and Exchange Commission, or SEC, is the same age. But…

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, MATIC

Bitcoin (BTC) and several major cryptocurrencies have been trading sideways as traders avoid taking large bets before the United States Federal Reserve’s Jackson Hole Economic Symposium, which begins on Aug. 25. The volatility is likely to soar as investors get some clarity on the Fed’s stance in the next few days. On Aug. 23, a…

‘Atozy you’ve won’ — Bitboy drops lawsuit after $200K defense raised

Ben Armstrong, the man behind Bitboy Cryptosaid that he is dropping the defamation suit against fellow Youtube content creator Erling Mengshoel Jr., who goes by the name Atozy. Armstrong officially filed the suit against Mengshoel on Aug. 12 in response to a Nov 2021 video titled “This YouTuber scams his fans… Bitboy Crypto,” which alleged…