Search
Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
18.8.2020
Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress...
Ethereum Classic 51% Attack: Okex Crypto Exchange Suffers $5.6 Million Loss, Contemplates Delisting ETC
18.8.2020
Cryptocurrency exchange Okex reveals it suffered the $5.6 million loss as a result of the double-spend carried out by the attacker(s) in Ethereum Classic 51% attack. Okex says it fully absorbed the loss as per its user-protection policy while insisting that the attack did not cause any loss to...
Bitcoin’s 10% Drop Shrugged Off – Traders Expect More Big Dips On the Way Up
4.8.2020
Bitcoin investors are shrugging off the recent drop in value that saw a loss of over 10.9% on Sunday. A number of speculators believe the price is still very bullish but expect some more big dips along the way. Meanwhile, optimism has been cushioned as onchain statistics show that exchange...
Tetras Capital Shuts Down Crypto Hedge Fund After 75% Loss
28.7.2020
Tetras Capital, once a $33 million crypto hedge fund, is shutting down due to negative returns
Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low
17.7.2020
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June...
Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds
10.7.2020
The popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after...
Israeli Firm Develops Tech Allowing Crypto Users to Retrieve Funds Sent in Error
30.6.2020
Israeli blockchain startup Kirobo says it solved the problem of funds being lost through errors in irreversible crypto transactions
Bitcoin Miner Maker Ebang Estimates $2.5M Loss for Q1 in IPO Prospectus Update
18.6.2020
The Chinese firm also revealed its anticipated share price in its updated filing with the U.S. SEC
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
3.6.2020
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation....
Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash
30.5.2020
Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on...
Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
23.5.2020
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent...
Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut
22.5.2020
The China-based manufacturer had cut the pricing for its bitcoin miners by half during the first three months
A “new direction” in the struggle against rightward scrolling
21.5.2020
You know those times you get a horizontal scrollbar when accidentally placing an element off the right edge of the browser window? It might be a menu that slides in or the like. Sometimes we to overflow-x: hidden; on the body to fix that, but that can sometimes wreck stuff like position:...
0 Security Breach. 0 Token Loss.
16.5.2020
BigONE is a global cryptocurrency trading and custody platform founded in 2017, clad in four principles – Integrity, Security, Professionalism, and Win-Win. The exchange has developed comprehensive digital assets trading services. The ecosystem runs the gamut, including both spot and margin...
Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April
16.5.2020
Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving
Chrome + System Fonts Snafu
24.4.2020
There was just a bug late last year where system fonts (at least on Mac, I don’t know what the story was on other platforms) in Chrome appeared too thin and tracked-in at small sizes and too thick and tracked-out at larger sizes. That one was fixed, thankfully. But while it was a problem,...
Congress and IRS Virus Relief Allow Loss Carrybacks, Tax Refund Claims
20.4.2020
Got crypto losses? The IRS has updated some guidelines and procedures in response to the COVID-19 pandemic
IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion
16.4.2020
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...
‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation
15.4.2020
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi...
Bitcoin Mining Hardware Maker Reports $148M Net Loss in 2019
10.4.2020
Canaan witnessed a decrease in its total net revenue for 2019 to almost half of 2018 printed figures