Everything web3, crypto, defi, degen
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…
In brief The government has introduced legislation to make a temporary crypto mining moratorium permanent. Officials said the change is part of a broader plan to allocate electricity to high-value industries. Crypto industry leaders warned the decision could push investment to areas without clean energy. The Government of British Columbia is moving to permanently bar…
In brief Canaan closed up about 28% on Monday afternoon. Bitcoin miner CleanSpark became the latest firm to move into the world of AI data centers. CleanSpark’s stock rose 4.5% on the news that it was moving resources from minting Bitcoins to high-performance computing. Bitcoin mining company stocks rocketed up Monday as Bitcoin and other…
In brief Four Polymarket users have collectively wagered $62,000 that Satoshi Nakamoto will move some Bitcoin this year. Odds on the prediction market spiked to 15% last week, up from just 2% at the start of the month. Traders are speculating that the bettors may be insiders, or are predicting that the resolution source is…
In brief Assembly Bill 9138, introduced Friday in the New York State Assembly, would tax proof-of-work miners based on electricity consumption, with rates ranging from 2 to 5 cents per kilowatt-hour. The companion bill to Senate Bill 8518 would funnel collected taxes into New York’s Energy Affordability Programs for low- to moderate-income households. Mining operations…
In brief Bitcoin’s energy consumption remains large, at an estimated 138TWh as of 2025. Recent academic research explores the broader environmental cost of Bitcoin mining, adding in carbon dioxide, water, e-waste, and land impacts. Policy pressure is rising as governments focus on what kind of power Bitcoin mining uses, where it is sited, and what…
In brief Stablecoin behemoth Tether donated $250,000 to OpenSats this week, prompting Jack Dorsey to criticize the amount of the gift. Dorsey highlighted his own $21 million donation and drew mixed reactions from the Bitcoin community. Udi Wertheimer later called out Dorsey over his investment in Ocean, a Bitcoin mining pool that has attracted controversy.…
In brief Mt. Gox’s 2011 hack caused Bitcoin’s worst crash ever, plummeting 99.9% after hackers dumped stolen BTC for pennies. Major crashes stemmed from China bans, COVID-19 panic, and crypto platform collapses like Celsius and FTX. Trump’s October 2025 China tariff threat triggered a 13% drop and $19 billion in liquidated positions—but didn’t make the…
