TECH NEWS Archives - Cryptopian News

Michael Saylor Advises Microsoft: Its Worth Could Reach $5 Trillion with Bitcoin

TECH NEWS / Leave a Comment / RIZ A / December 3, 2024

Michael Saylor advise Microsoft it’s worth could reach $5T with Bitcoin. This compelling suggestion, from the executive chairman of MicroStrategy, showcases the growing impact of Bitcoin on corporate valuation strategies. Saylor’s assertion offers a transformative vision, particularly for large enterprises like Microsoft. He suggests that incorporating Bitcoin as a corporate treasury asset could propel Microsoft’s […]

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Strategic Moves by Bitdeer a Bitcoin Miner in Q2 2024

TECH NEWS / Leave a Comment / RIZ A / August 12, 2024

In Q2 2024, Bitdeer, one of the most popular Bitcoin mining companies has made some strategic changes that have paved its way for further growth in the BTC mining market. The company has a positive financial performance and, under the leadership of its CEO, Jihan Wu, has launched various organizational development measures to increase its

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OpenAI’s Cash Flow Crisis: An Analysis

Crypto News, FINANCE, Startups, TECH NEWS / Leave a Comment / RIZ A / July 27, 2024

Currently, OpenAI is reported to be spending about $700,000 daily to ensure that the ChatGPT is accessible to the masses. Such large costs mean expected annual losses of more that $500 million. These financial pressures has made stocks and market research in concern and it may cause this company to go bankrupt by December 2024

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How WazirX is Enhancing Crypto Security Measures

Crypto News, FINANCE, TECH NEWS / Leave a Comment / RIZ A / July 20, 2024

As technology advances, particularly with regard to the newest forms of money in the type of cryptocurrencies, this specific issue stays one of the leading priorities in the market for exchanges of such assets. Before recent events, WazirX, being a leading exchange traded in India, has been quite useless in this regard, let alone the

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How WazirX Was Hacked: An In-Depth Analysis

Crypto News, FINANCE, TECH NEWS / 2 Comments / RIZ A / July 19, 2024

In a significant security breach, WazirX, India’s largest cryptocurrency exchange, suffered a loss of approximately $235 million, linked to North Korean cyber actors. This incident has raised concerns over the security measures in place for protecting digital assets on major exchanges. The Attack Overview The breach involved a multisignature (multisig) wallet, crucial for securing large

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Bitdeer to Launch 570 MW Power Facility in Ohio

Crypto News, FINANCE, TECH NEWS / 1 Comment / RIZ A / June 30, 2024

Bitdeer, a prominent Bitcoin mining company, is set to launch a 570 MW power facility at the Hannibal Industrial Park in Clarington, Ohio. This move, following a 30-year lease agreement with the Monroe County Port Authority, is aimed at enhancing the company’s Bitcoin mining capabilities and supporting high-performance computing (HPC) for artificial intelligence. The site,

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Former Fintech CEO Sentenced: Full Story

Crypto News, FINANCE, TECH NEWS / Leave a Comment / RIZ A / June 25, 2024

Today’s headline is “Former Fintech CEO Sentenced“, The cryptocurrency industry has been confronted with numerous legal and regulatory issues, with preference being given to the recent sentencing of two individuals who played crucial roles in a securities fraud scheme. Michael Kane, former CEO of Hydrogen Technology Corp., and Shane Hampton, the company’s Head of Financial

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CertiK’s Comprehensive Report on Crypto Hacks

Crypto News, FINANCE, TECH NEWS / 2 Comments / RIZ A / June 2, 2024

CertiK a Blockchain Security Firm provides information in its recent report on the loss incurred in the May of Cryptocurrency domain because of various exploits, flash loan attacks, and exit scams in May 2024. The total amount of losses reached 42$. 6 million with flash loan attack scams as the most common form totaling to

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Unveiling Botnet Cybercrimes: The $130M Case

BLOCKCHAIN, Crypto News, FINANCE, TECH NEWS / 1 Comment / RIZ A / May 30, 2024

The U.S Department of Justice has recently captured Yunhe Wang, a Chinese national, involved in a major botnet crime that led to losses of over $130 million. Wang allegedly seized control over 19.5 million private IP addresses through the 911 S5 botnet, distributed the malware and sold it to global criminals. The Botnet Operation This

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US Bitcoin Mining Electricity Expenses Revealed

Crypto News, FINANCE, TECH NEWS / 2 Comments / RIZ A / May 28, 2024

This study aims to examine the extent of electricity consumption from the United States Bitcoin mining in 2024 and found that it has expended a massive amount of electricity, $2. 7 billion. As reported by Paul Hoffman of Best Brokers, US Bitcoin mining used 20,822 kWh per TH/s during the reported period. They had purchased

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