Approximately 160 million Australian dollars ($104 million) were lost by hundreds of Australian investors after the bankruptcy of three cryptocurrency mining firms: NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd. These companies, referred to as “NGS companies,” have collectively faced liquidation. On April 12, it was disclosed that the Australian Securities … Read more
The open interest and price of Bitcoin Cash have experienced a significant decrease since its halving, erasing any short-term surge in excitement prior to the April 4th event. According to CoinGlass’s data, the open interest for Bitcoin Cash was $378.3 million as of April 12. This represents a significant decrease of approximately 47% compared to … Read more
The decentralized nature of Web3, highlighted by its focus on control and security for users, has significantly transformed the global internet scene. Yet, the path to universal acceptance has been hindered by some notable challenges, among which is the persistent issue of subpar user experiences (UX). In simpler terms, many current Web3 platforms, including decentralized … Read more
Ethereum programmers are moving forward with preparations for the next update, named “Pectra,” after the successful implementation of the previous upgrade, Dencun. The specifics of Pectra have not been determined yet, but the team intends to release it concurrently as they work on a major code modification for the following enhancement. Based on the explanation … Read more
Individuals who fell victim to an investment scam tied to a Chinese electronics firm are attempting to get back approximately $4.3 billion in Bitcoin held by UK authorities. In a letter to China’s Ministry of Foreign Affairs, they asked for assistance in negotiating with the British government for the restitution of the confiscated digital currency. … Read more