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Kyrgyzstan Raises $1m from Crypto Mining Taxes in 2023


Source: chekart/Adobe Kyrgyzstan is quietly becoming a force in crypto mining, with its government set to raise over $1 million this year from taxing the industry. According to the media outlet 24KG, the nation’s finance ministry reported that it had raised $900,000 worth of tax revenue from crypto...

South Korean Police Shut Down ‘Gangsters’ $32m Crypto Scam Ring’


Source: Robert/Adobe South Korean police say they have swooped on a $32 million chat app-based crypto scam ring that they say was being run by a network of “gangsters.” Per Chosun Ilbo, Busan Metropolitan Police, the group comprised nine groups of “violent gangsters” who operated bogus “crypto...

Perpetuals Trading Protocol Levana Suffers Oracle Attack, Loses $1.14 Million


Source: Pixabay Perpetuals trading protocol Levana has fallen victim to an oracle attack, resulting in a loss of $1.14 million. According to a report from the Levana team, the exploitation happened between December 13th and December 26th, with the assailants siphoning off 10% of Levana’s liquidity...

L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value


Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November. Blast’s TVL Hits $1 Billion Initially, on Nov. 22, 2023...

Student by Day, Crypto Miner by Night: NYU Undergrad’s $6 Million Empire


Source: AdobeStock / LIGHTFIELD STUDIOS Jerry Yu is a 23-year-old student at New York University. He’s also the majority owner of a Bitcoin (BTC) mining farm in the US, fighting legal battles and various allegations. Yu, a Chinese national and US resident, is what the Chinese call...

Donald Trump Sells $2.4 Million Ethereum: Arkham Intelligence


Source: Pixabay / heblo (Edited by Hongji Feng) Former U.S. President Donald Trump has sold a substantial amount of Ethereum, amounting to $2.4 million, according to Arkham Intelligence. In a recent post, the blockchain intelligence firm Arkham Intelligence shared a screenshot of a crypto wallet’s...

Microstrategy Acquires More Bitcoin, Raising Total Holdings to 189,150 BTC


Nasdaq-listed Microstrategy has bought 14,620 more bitcoin for approximately $615.7 million. The latest purchase raised the company’s cryptocurrency holdings to 189,150 bitcoin, acquired for about $5.9 billion at an average price of $31,168 per coin. Microstrategy’s executive...

Crypto Whales Are Stockpiling This New AI Trading Token


In the dynamic and ever-evolving world of cryptocurrency, YPredict (YPRED) stands out as a rising star. With its innovative approach and a successful presale phase, YPredict has captured the attention of the crypto community. The presale has been a resounding success, with the coin already raising...

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