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Russian Energy Giant Taps BitRiver to Mine BTC With Flared Natural Gas

Russia’s third-largest oil producer inks agreement with green crypto mining hosting company BitRiver to set up mining facilities on oil fields. As debates rage on in North America about the alleged impact of bitcoin and Ethereum mining on…
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Babel Finance Pauses Crypto Withdrawals Following Liquidity Troubles

Babel Finance – an Asian crypto lending platform coming off a $2 billion valuation – has revealed that it is facing liquidity pressures. In response, it has paused all withdrawals and redemptions from the products on its…
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More Value in Digital Collectables Than Their Physical Counterparts, NFT Marketplace CEO Says

NFT collectibles saw $6 billion in trading volume in the first quarter of 2022 “If you want to be a global market, crypto is fundamentally the best deposit mechanism,” Dibbs CEO…
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Bitcoin (BTC) On-Chain Analysis: Market Metrics Show Capitulation

BeCrypto takes a look at Bitcoin (BTC) on-chain indicators, focusing this week on the Market-Value-To-Realized-Value (MVRV), Reserve Risk and Puell Multiple. MVRV Z-Score MVRV is defined as the ratio between the market and realized…
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Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi

This past week, the decentralized finance (DeFi) ecosystem faced the brunt of the bears fueled by liquidation rumors of Three Arrow Capital (3AC) and Celsius liquidations. MakerDAO decided to cut off Aave (AAVE) from its direct deposit…
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NFT.NYC Producer Says Trading Most Boring Part of the Ecosystem

A fourth annual NFT (non-fungible token) event featuring 1,500 speakers will take place next week across seven venues in New York City “We don’t allow people to come and talk about…
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Congress Sends Letter to EPA Extolling Proof of Work Mining Benefits

U.S. Congress issued another letter to the Environmental Protection Agency (EPA) on Thursday with more educational material on proof of work. This time, however, it came with a positive spin – and was co-signed by a handful…
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SEC Chairman Warns of Crypto Lending Platforms With Unrealistic Returns

Gary Gensler – Chairman of the Securities and Exchange Commission (SEC) – spoke about crypto during the RFK Human Rights Compass Summer Investors Conference on Tuesday. He cautioned the public about the returns that some companies…
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DeFi Lender Inverse Finance Drained for $1.6M

Ethereum-based DeFi lending protocol Inverse Finance suffered yet another hack. Peckshield was the first to observe the flash loan attack following which it revealed that the attacker carried out an exploit via price oracle…
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Web3 Watch: Is Web5 Better Than Web3?

BAYC had the largest increase in floor price in the past 24 hours, peaking at 86.85 ETH, and led the way yesterday in terms of most volume at 2,763 ETH Gmoney’s Admit One collection…
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