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Burning Tires to Fuel Bitcoin Mining: Can it Go Green?


It came as a shock for Carol Etheridge when she heard about the recent news of burning tires to fuel cryptocurrency mining in her neighborhood. Etheridge lives in the state of Pennsylvania, a few miles from the Panther Creek Power Plant in Nesquehoning, which now operates cryptocurrency mining...

2023: The Year AI Cryptos Soared, Then Faltered


At the outset of the year, artificial intelligence (AI) cryptocurrencies embarked on a rising journey, recording substantial gains and witnessing a surge in global trade activity. However, as we now traverse the course of time, the AI crypto landscape has undergone a significant downturn. According...

Vitalik Buterin’s X Account Hacked to Promote Crypto Scam


The X account of Ethereum founder Vitalik Buterin has apparently suffered a breach by scammers spreading phishing links. The attack, which manifested itself in the form of a post offering free digital collectibles, has allegedly resulted in the loss of over $690,000 for those who fell for...

FTX Looking to Recover Millions Paid to Athletes and Sports Clubs


Advisers working for FTX have analyzed if some payments made by the failed crypto exchange to sports stars and organizations can be returned. The money went to celebrity athletes, including basketball legend Shaquille O’Neal, and sports teams like the NBA’s Miami Heat and Formula 1’s Mercedes under...

Turkish Crypto Exchange Boss Gets 11,196 Years in Prison


The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...

JPMorgan Mulls Blockchain-Based Deposit Token, Report


America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different from its existing JPM Coin as it could be used...

Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US


America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is enforcing existing rules and...

SEC Greenlights Nasdaq’s First AI-Powered Order Type


The U.S. Securities and Exchange Commission (SEC) has approved a new artificial intelligence (AI)-powered order type for Nasdaq’s stock exchange. This marks the first AI order type approved for an exchange. Nasdaq says the latest technology aims to improve efficiency and performance on...

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