Thai Authorities Uncover Massive Bitcoin Mining Scheme in Electricity Theft Scandal

In a shocking turn of events, Thai authorities have busted a large-scale Bitcoin mining operation in Chonburi, Thailand, seizing nearly 1,000 mining machines in the process. The raid, conducted by the Crime Suppression Division (CSD) and the Provincial Electricity Authority (PEA), has shed light on a massive electricity theft scheme that has been straining Thailand’s power grid.

The Scale of the Operation

The

NFT Market Sees Resurgence in Sales, Despite Decline in Buyers

The world of non-fungible tokens (NFTs) has witnessed a surprising uptick in sales over the past week, with a 10.7% increase in transactions totaling $155.6 million. This resurgence in sales is a welcome relief for the NFT market, which has faced significant challenges in recent months.

Market Overview

According to data from cryptoslam.io, the NFT market has experienced a notable surge in sales, with several notable collections co

North Dakota Joins the Ranks of States Embracing Cryptocurrency

In a move that underscores the growing interest in digital assets among U.S. states, North Dakota has introduced a resolution aimed at diversifying its state investments to include cryptocurrency and precious metals. This development follows a trend of states exploring innovative financial tools to safeguard their financial futures and mitigate the risks posed by inflation.

Proposal to Diversify State Investments

On January 7, No

Thai authorities bust Bitcoin mining farm in multi-million Baht electricity theft scandal – BitRss – Crypto World News

WITH Crypto 12 minutes ago 33

Authorities uncovered a massive Bitcoin mining scheme in Thailand, seizing nearly 1,000 machines.

The operation strained Thailand’s power grid, echoing global concerns over crypto mining’s energy impact.

A Bitcoin (BTC ($94,281.76)) mining operation in Chonburi, Thailand, has been shut down after authorities uncovered a massive electricity theft

Bitcoin Under Government Scrutiny: Navigating the Complexities of Seized Asset Sales

The recent court approval regarding Bitcoin transactions in the United States has sparked intense speculation about the future of seized cryptocurrencies. Aidan Larkin, a representative from Asset Reality, a U.S.-based firm specializing in the management of seized assets, has shed light on the implications of this development. In a statement, Larkin emphasized that the approval is a routine step in civil forfei

Crypto Markets End the Week on a Volatile Note, But Whales Remain Unfazed

The cryptocurrency market experienced a rollercoaster ride towards the end of the week, with Bitcoin surging past $102,000 before plummeting by over $10,000 within two days to a multi-week low. This market-wide correction had a ripple effect on altcoins, with Dogecoin (DOGE) and XRP (XRP) being no exception. Despite the fluctuations, large investors, also known as whales, continued to accumulate these two major tokens, sp

The Evolution of Crypto Fundraising: How VCs and Whales are Shaping the Ecosystem

The cryptocurrency landscape has undergone significant transformations since the heyday of initial coin offerings (ICOs). As the market continues to mature, new players have emerged to fill the gaps left by the decline of ICOs. According to Griff Green, a founder of a Web3 product studio, venture capital (VC) participation in token launch events has become a crucial factor in shaping the current state of the crypt

The Rise of BeerBear: A New Challenger in the Meme Coin Scene

In the world of cryptocurrency, speculators are always on the lookout for the next big moonshot. Recently, a new contender has emerged, stealing the spotlight and making waves in the market. BeerBear (BEAR) is the token that’s rewriting the rules of rapid profit, offering early presale discounts and skyrocketing growth potential.

Market Overview

The crypto world is buzzing about BeerBear, and for good reason. With its presale start

Ethereum Spot ETFs Experience Significant Net Outflow

A notable shift in investor sentiment was observed in the Ethereum spot ETF market on January 10, with a total net outflow of $68.4788 million. This substantial withdrawal of funds from Ethereum spot ETFs may indicate a decline in investor confidence or a strategic rebalancing of portfolios.

Fidelity ETF FETH Leads the Outflow

The Fidelity ETF FETH emerged as the largest contributor to this net outflow, with a staggering $65.43 million wit

World Project Achieves Milestone Growth in 2024

The World project, formerly known as Worldcoin, has made significant strides in 2024, marking a pivotal moment in its development. According to a recent update on the World.org blog, the network has expanded to include over 20 million participants, with a notable 10 million verified human users. This substantial growth underscores the project’s increasing global presence and its potential to drive meaningful change in the blockchain landscape.

A

Ethereum Spot ETFs Experience Significant Net Outflow

A notable shift in investor sentiment was observed in the Ethereum spot ETF market on January 10, with a total net outflow of $68.4788 million. This substantial withdrawal of funds from Ethereum spot ETFs may indicate a decline in investor confidence or a strategic rebalancing of portfolios.

Fidelity ETF FETH Leads the Outflow

The Fidelity ETF FETH emerged as the largest contributor to this net outflow, with a staggering $65.43 million wit

Embracing Virtual Abundance: The Hyperfy Example

In the ever-evolving world of cryptocurrency and blockchain technology, innovative platforms are redefining the boundaries of virtual experiences. One such platform, Hyperfy, is making waves with its browser-based VR platform designed for any device. This cutting-edge technology has the potential to revolutionize the way we interact with virtual worlds, and its implications extend far beyond the realm of gaming.

The Intersection of Gaming and Vi

Ethereum Spot ETFs Experience Significant Net Outflow

A notable shift in investor sentiment was observed in the Ethereum spot ETF market on January 10, with a total net outflow of $68.4788 million. This substantial withdrawal of funds from Ethereum spot ETFs may indicate a decline in investor confidence or a strategic rebalancing of portfolios.

Fidelity ETF FETH Leads the Outflow

The Fidelity ETF FETH emerged as the largest contributor to this net outflow, with a staggering $65.43 million wit

Ethereum at a Crossroads: Can it Sustain Bullish Momentum?

The recent cryptocurrency market rally has left Ethereum in a precarious position, struggling to make significant gains despite the broader market’s upward trend. A recent analysis by ShayanBTC, a contributor to CryptoQuant QuickTake, sheds light on the key factors impacting Ethereum’s performance. In his post, “Ethereum Faces Crossroads: Funding Rates and $3K Support Key to Sustaining Bullish Momentum,” Shayan highlights the asset’s st

World Network Achieves Milestone Growth in 2024

The World network, formerly known as Worldcoin, has made significant strides in 2024, marking a pivotal chapter in the project’s development. According to a recent update on the World.org blog, the network has expanded to include over 20 million participants, with a notable 10 million verified human users. This substantial growth underscores the project’s increasing global presence and its potential to drive meaningful change in the blockchain lan

Swarm’s Whale Makes a Splash: A $4.9M Profit in 14 Days

In a recent development that has sent ripples through the cryptocurrency market, a Swarm whale has made a significant profit by selling 5 million Swarm tokens. According to a tweet by Lookonchain, a popular blockchain analytics platform, the whale sold the tokens for 7,232 SOL, equivalent to $1.35 million, just two hours ago.

A Shrewd Investment Decision

What makes this transaction even more remarkable is that the whale had purchased 20

The cryptocurrency market has always been known for its volatility, and Cardano (ADA) is no exception. Currently trading around $0.92, ADA has faced significant bearish pressure. This has led many investors to wonder if Cardano is at risk of crashing to $0. To address this concern, let’s analyze its Daily and Hourly charts and provide a detailed outlook for January 2025.

How has the Cardano Price Moved Recently?

As of today, Cardano (ADA) is priced at $0.923695with a 24-hour trading volume of

Ethereum Spot ETFs Experience Significant Net Outflow

A notable shift in investor sentiment was observed in the Ethereum spot ETF market on January 10, with a total net outflow of $68.4788 million. This substantial withdrawal of funds from Ethereum spot ETFs may indicate a decline in investor confidence or a strategic rebalancing of portfolios.

Fidelity ETF FETH Leads the Outflow

The Fidelity ETF FETH emerged as the largest contributor to this net outflow, with a staggering $65.43 million wit

Ethereum Spot ETFs Experience Significant Net Outflow

A notable shift in investor sentiment was observed in the Ethereum spot ETF market on January 10, with a total net outflow of $68.4788 million. This substantial withdrawal of funds from Ethereum spot ETFs may indicate a decline in investor confidence or a strategic rebalancing of portfolios.

Fidelity ETF FETH Leads the Outflow

The Fidelity ETF FETH emerged as the largest contributor to this net outflow, with a staggering $65.43 million wit

New Hampshire Bill Proposes Investment in Bitcoin and Gold, Paving the Way for a New Era in State Reserves

In a groundbreaking move, New Hampshire Representative Keith Ammon has introduced a bill that could authorize the state treasury to hold Bitcoin and precious metals as reserve assets. This proposed legislation would permit the state to store Bitcoin alongside traditional assets such as gold, silver, and platinum, making New Hampshire one of the first U.S. states to formally consider such a