Everything web3, crypto, defi, degen
In brief DraftKings acquired prediction market platform Railbird but will focus on states without legal sports betting to avoid jeopardizing its existing gambling licenses. Bitcoin mining rig maker Canaan received a $4 price target from Benchmark analysts after a dramatic turnaround from near-delisting at $1, with shares up 18% for the week. Payments processor Zelle…
In brief Blockchain.com received its MiCA license in Malta, joining firms including Gate and Gemini. EU regulators have warned Malta over inconsistent supervision under the new crypto regime. The move comes as the island nation tightens restrictions on new crypto mining and licensing practices. Blockchain.com has secured a MiCA license in Malta, the latest in…
In brief Investment bank Benchmark on Thursday raised the price target for Nasdaq-listed Bitcoin mining machine manufacturer Canaan. The company’s stock is up this week. Benchmark analyst Mark Palmer says the firm’s stock now is a good buy. Investment bank Benchmark raised Bitcoin mining hardware manufacturer Canaan’s price target to $4, citing the firm’s recent…
In brief Proof-of-work layer-1 network Tari has developed a mining infrastructure that, it claims, can have users up and running within 45 seconds. Tari Universe is billed as “the world’s easiest to use mining app,” and can be installed on nearly any Mac or PC. Tari is designed around “pragmatic” privacy controls. Crypto mining is…
In brief KuCoin is expanding its ecosystem with KuPool, a new mining pool service which provides access to PoW and merge mining assets. KuPool will open with assets like Dogecoin (DOGE) and Litecoin (LTC), with Bitcoin (BTC) support to follow soon. The service is designed to cater to mining professionals and newcomers alike, with a…
In brief Social media platform Reddit has sued Perplexity AI, accusing the firm of an “industrial-scale” scheme to scrape its user-generated content. Reddit alleges billions of search pages were scraped through tools that bypassed its and Google’s protections. The lawsuit names Perplexity, SerpApi, Oxylabs, and AWM Proxy as defendants. Social media platform Reddit has sued…
In brief Wallets tied to alleged scammer Chen Zhi have moved about $1.7 billion in Bitcoin recently sanctioned by the U.S. Treasury, per Arkham Intelligence. The 15,959 BTC transfers appear tied to Chen’s Prince Holding Group, which prosecutors say ran a global crypto fraud and forced-labor network. Chen remains on the run, as investigators question…
In brief Crypto exchanges are starting to delist the Kadena (KDA) token. The company behind the Kadena network said Tuesday that it’s closing down due to market conditions. KDA has plunged in price since the announcement, currently down 65% over the last day. Kadena’s KDA token is being removed from prominent crypto exchanges after the…
In brief In April, Armbrust pled guilty to computer fraud after using his ex-employer’s AWS account to mine Ethereum. Armbrust was sentenced to three years of probation and ordered to repay the full amount, court records show. The mining operation cost his former employer over $45,000 in cloud fees while netting him about $5,800 in…
In brief Europol has taken down a cybercrime network that provided SIM cards to fraudsters in over 80 countries. Criminal activity facilitated by the network resulted in losses above $5 million in Austria, while authorities seized $330,000 in crypto from alleged network members. Europol’s action comes as crypto increasingly features in international crime, and as…
