Bitmain-backed cloud mining company BitFuFu’s revenue up 150% in Q1

As a researcher with experience in the cryptocurrency industry, I find BitFuFu’s Q1 financial report to be quite impressive. The company’s total revenue increased by an astounding 149.0% year-over-year, reaching $144.4 million, primarily driven by the surge in demand for cloud-mining solutions. As a researcher, I’d present it this way: In the first quarter of … Read more

Strong weekly close means bitcoin (BTC) ready to push higher

As an experienced financial analyst, I believe we’re witnessing a significant turning point for Bitcoin. The past ten weeks have seen a period of consolidation and sideways price action, but the recent 7.7% surge has effectively canceled out the previous downward trend. As a researcher studying the cryptocurrency market, I’ve observed that Bitcoin has concluded … Read more

DOJ charges two Chinese nationals in $73m crypto scam

As a researcher with a background in financial crimes and money laundering, I find this case particularly alarming due to its sheer scale and the involvement of stablecoins like USDT. The arrest of Daren Li and Yicheng Zhang by the United States Justice Department is a significant step towards dismantling a complex money laundering network … Read more

Linus Torvalds Views Cryptocurrencies as Fraudulent

As a researcher, I have come across many influential figures in the tech industry, but few have left me as intrigued as Linus Torvalds. The creator of Linux and Git is known for his blunt honesty and unapologetic opinions. His latest statement on cryptocurrencies, comparing them to Ponzi schemes, resonates with my belief that one … Read more

Investor loses over $100k to crypto phishing scam

As an experienced analyst, I cannot help but feel a sense of dismay and frustration upon learning about yet another devastating phishing attack in the cryptocurrency space. This time, an unsuspecting investor lost over $101,000 in various cryptocurrencies across multiple blockchains. A unfortunate investor recently suffered significant losses after being tricked into divulging sensitive information … Read more