CryptoNews

Bitcoin at a Crossroads: How Nation State Acquisitions Could Reshape Cryptocurrency

November 12, 2024
Rumors swirl around the potential for nation states to acquire large reserves of bitcoin (BTC), sparking debates on the risks and benefits for the cryptocurrency’s future. Could Nation States Holding Bitcoin Spark Hyper bitcoinization? In recent days, rumors have emerged about nation state accumulating substantial amounts of bitcoin, with some speculation even suggesting a coordinated effort to…
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Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

November 8, 2024
A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures Limited and…
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Former Employee's Hidden Code Turns Workplace Into Crypto Mine

November 7, 2024
A Minnesota man, Joshua Paul Armbrust, 44, has been indicted for a “cryptojacking” scheme that exploited his former employer’s computing resources to mine ether (ETH), causing over $45,000 in damages, according to the U.S. Attorney’s Office for the District of…
CryptoNews

Vires in Numeris: Ethereum's Main Rival Grows in October, Flips BNB to Become the Fourth Largest Token

November 7, 2024
In October, Solana outperformed Ethereum in several key metrics. The token surpassed Ethereum in market share for decentralized exchanges, economic value, and liquidity inflows. Additionally, SOL demonstrated strong price performance, reaching over $180 on election day and flipping BNB. Solana Surpasses BNB, Trounces Ethereum in October Solana, considered by some as one of the largest rivals of…
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UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto

November 5, 2024
A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges. Rethinking Retirement: Bitcoin’s Intriguing New Role in UK Pension Schemes Cartwright, a pension specialist for defined benefit and hybrid schemes, announced a pioneering bitcoin investment in a UK pension scheme’s…
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