Ukrainian police have arrested a man and accused him of hacking the accounts of an international hosting company and using its servers to mine crypto in an apparent case of cryptojacking. Cyber police officers from Ukraine’s National Police said in a June 4 statement that a 35-year-old man from the Poltava region had allegedly been…
Bitcoin mining firm BitFuFu posted a record-setting month in May, boosting its hashrate under management to 34.1 exahashes per second (EH/s) and producing 400 BTC, up 91% from April. Most of that production came from cloud-mining clients, who generated 357 BTC, while the remaining 43 BTC came from BitFuFu’s self-mining operations. The increase was largely…
Bitcoin may surge to new all-time highs above $115,000 next month if institutional buying continues and US job data is “weaker-than-expected,” say analysts. “In a bullish scenario, driven by strong institutional interest and ETF inflows, Bitcoin could touch $115,000 or higher by early July,” Bitfinex analysts told Cointelegraph. Bitcoin pullback of “some concern,” but sentiment…
Crypto-friendly Lee Jae-myung was elected as South Korea’s new president on Wednesday, defeating the incumbent Conservative Party’s leader Kim Moon-soo. During the election Lee made a number of promises to South Korea’s crypto industry, appealing to the nation’s 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds and allowing institutional investors like the…
The Ethereum Foundation is adopting a more structured and transparent treasury policy that ties operational costs and cash needs to its Ether reserves and sales to strengthen its financial position as it anticipates a pivotal 18 months ahead. Its annual operating cost — measured as a percentage of the EF’s treasury — and the number…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Macro Events and Vitalik’s Bold Plan to 10x Ethereum Layer 1…
What is a call option, anyway? A call option gives the buyer the right but not the obligation to purchase an asset (in this case, Bitcoin) at a predetermined price before a specific date. If the market price rises above that strike price, the option becomes profitable, or “in the money.” If it doesn’t, the…
Circle priced its initial public offering (IPO) on Wednesday at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.9 billion. Circle initially planned to offer just…
Stablecoin issuer Circle Internet Group, Inc. has again boosted its initial public offering to $1.05 billion, pricing its shares above its previous marketed range. The USDC (USDC) stablecoin manager said on June 4 that it will now to offer 34 million shares at a price of $31 each when it debuts on the New York…
A suspect allegedly behind recent high-profile crypto kidnappings in France has been arrested in Morocco, according to Maghreb Arab Press, a government-run press agency. At the request of French authorities, a joint operation of Morocco’s National Judicial Police Brigade (BNPJ) and the General Directorate of Territorial Surveillance (DGST) took the 24-year-old French-Moroccan suspect into custody,…