Author: Scott Dawson

Bitcoin mining becomes better with this chip that helps computers use less energy, is better for the environment, costs less, and mines faster. Bitdeer Technologies, a BTC mining company, for the new SEALMINER machine, has introduced the SEAL04 chip in its plan for the new SEALMINER machine. SEAL04 chip is likely to come in the second quarter of 2025 and aims to have energy efficiency as low as 5 joules per terahash. According to the news release, the aim is to make mining more open to the public. This means that the miner will know about the advancement in technology…

The new policies of Meta’s AI make the public worried because, according to its new privacy rules, the company will use all the stuff you post like messages, photos, and tracking data to enhance its AI. People almost made 11 complaints to the company about the changes in the policy of Meta on June 5 about the use of their data without their permission to teach AI. These changes led to a violation of the privacy of the European Union. To stop such changes privacy group called None of Your Business asked national privacy authorities to take action. The eleven…

Celebrity-backed tokens such as JENNER, DAVIDO, and RICH, saw a least 66% decline following their peak last week. There is one exception, though, that sets new records. The “MOTHER” token by Lggy Azalea is doing well! It’s the only token among all those introduced by well-known individuals last week that is still rising to its all-time high. It currently has a total value of $130 million. Caitlyn Jenner, a well-known American media personality, launched the “JENNER” token on May 28. It drew attention as some individuals initially mistaken it for a hack or deep fake account. Within the first day,…

Solana competes with Ethereum to become the top blockchain for the creation of meme coins. The Solana ecosystem successfully launched thousands of meme coins, and some of them became very popular among the community. With the large list of Solana-based meme coins, it is hard to determine which coin to choose and which coin can make profit in the long run. Btcpronews has shortlisted some of the coins, creating hype in the current market scenario. Ben the Dog (BENDOG) The famous meme coin on the Solana blockchain, BENDOG, launched on February 4, 2024, with a total supply of 9.99 million…

A well-known media company talks to the once-unknown founder of Nirvana Finance, disclosing how one random message on Telegram led into the hands of hackers who stole $3.5 million from the protocol. The moment Alex Hoffman, the leader of an ecosystem at Superposition Finance, Nirvana Finance, a decentralized finance yield protocol (DeFi), was founded by a nameless founder. The past two years were struck by a $3.5 million flash loan.  Instantly, he is ready to connect his name to the unknown founder’s title and the story of the “Horrible Day” of his life, Which starts when he wakes up one…

On Thursday 30 May, Maple Finance, a platform known for liquidity pools made up of institutions, launched its first Decentralized finance syndicated loan for Alameda Research. The company also launched a new protocol on May 28, named Syrup to sort out financial issues of the DeFi community. This launch follows significant challenges faced by the company due to the FTX-Alameda collapse, including cutting ties with Orthogonal Trading in December 2022. What Syrup Offers? Syrup lets users access secure institutional lending without needing special permission. Users deposit Circle’s USD Coin on the platform and receive syrup USDC liquidity pool (LP) tokens…

The recent figures show that the exchange balances remain at the lowest level since March 2018 at 2.3 million Bitcoin. This significant reduction, mainly due to massive withdrawals from Binance and Coinbase indicates a shift towards believing in long-term investment strategies. The large aggregated balance of bitcoins from these addresses indicates that the move of assets from these ‘whales’ to private wallets implies certain expectations of future surges in price. The current situation has produced buying pressure toward Bitcoin; investors are more optimistic about the volatility in the next few minutes. Bitcoin Exchange Reserves Drop to a Five-Year Low, Net…

Crypto lost approximately $42.6 million in May. Gala Games and Sonne Finance suffered the most, losing around $21.6 million and $20 million, respectively. CertiK, a blockchain security organization, reported that crypto lost around $42.6 million in May 2024 to flash loans, exploits, and scams. Despite this loss, it recovered around $96.2 million. Flash Loan Attacks Caused the Major Setback Flash loan attacks led to major losses in cryptocurrency, totaling around $20.7 million. Sonne Fiance lost $20 million, suffering the most, followed by TLN Protocol, losing almost $746,000. Moreover, Saturn and GPU lost around $8,343 and $32,394, respectively. Also, scams damaged…

Solana-based memecoin ‘PIGS’ is set to launch in the next week, starting its trade at $0.00012 with a total supply of 100 million tokens. After getting the advantage of Solana‘s blockchain, this token gets special attention and analysts expect it to be the next bull in the crypto market. In recent years, meme coins’ excellent performance left the famous cryptocurrencies behind. Recently Pepe Set a new record by giving a market cap of over $6 billion. Reasons Behind Meme Coins Success Meme coins like Solana, WIF, Doge, and BOME performed well  during this year. WIF market cap skyrocketed to $3.3…

Understanding Crypto Cashback Rewards Cashback reward schemes are often used to incentivize customer loyalty and activity. Offering crypto rewards is an ideal method to draw attention of the smart customers interested in digital currency with the rise of cryptocurrencies. Most of the customers are familiar with cashback and rewards programs that offer coupons or air miles for fiat currency and discounts as payback. The customer gets fiat currency or points based on their activity, which they later use in certain transactions. The user can register their cards, and whenever they buy anything like groceries, electronics, insurance, or holidays, they will…