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Bitcoin and Ethereum Networks See Heightened Fees as Crypto Usage Soars


Source: AdobeStock/Andrey Popov Bitcoin (BTC) and Ethereum (ETH) networks have experienced a dramatic surge in transaction fees amid soaring crypto usage.  According to data by BitInfoCharts, the average BTC transaction fee currently stands at around $10, up by more than 500% compared to less than...

Kronos Research Loses $26 Million in Unauthorized API Access Incident


According to Kronos Research, the crypto trading firm lost assets worth $26 million on Nov. 18 after an unknown party illegally accessed its application programming interface (API). Kronos Research claimed the losses associated with the unauthorized API access do not constitute “a...

South Korean Golf Star Lee Ye-won Wins Crypto Prize at Tour Event


Source: yellowj/Adobe The South Korean pro golfer Lee Ye-won has scooped a crypto prize worth over $457,000 by winning a KLPGA Tour event in Busan. The WEMIX Championship was sponsored by the domestic gaming giant WeMade’s crypto and blockchain gaming subsidiary. The KLPGA (Korea Ladies...

Solana Blockchain Games Thrive on the Epic Games Store – Next Big Thing?


Image Source: Pixabay The number of Web3 games on the Solana (SOL) blockchain has grown substantially amid the spike in the network’s native token over the past month.  According to Game7’s 2023 State of Web3 Gaming Report, the number of crypto games on the Epic Games Store...

Greenidge Generation Settles Debt and Sells SC Bitcoin Mining Site to NYDIG


Greenidge Generation Holdings has successfully wiped out $21.8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity. Greenidge Generation Holdings Clears $21.8 Million...

Report: Jump Trading Cuts Ties With Wormhole Amid Staff Reductions


Based on a recent report, Jump Trading Group, known for its focus on algorithmic and high-frequency trading techniques, has reportedly severed ties with the Wormhole crypto initiative, known for its cross-chain communication services. Last year saw Wormhole suffer a significant loss of 120,000...

SEC Chair Gensler Slammed for Stating SEC Doesn’t Prosecute Honest Business


U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler was slammed by the crypto community for stating: “We are not prosecutors of honest business, nor defenders of crookedness.” Many crypto advocates pushed back against Gensler, arguing that the SEC under his leadership has taken...

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