Month: January 2023
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BlockFi Auctions Mining Assets to Avoid Bankruptcy
BlockFi, a leading cryptocurrency lending and borrowing platform, has recently announced that it will be auctioning off its mining assets to avoid bankruptcy. The company has been facing financial difficulties and has made the difficult decision to sell its mining equipment to stay afloat and continue providing its services to its clients. The auction will…
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South Korea’s Crypto Tracking System: An Up-Close Look
The South Korean government has established a thorough tracking system to oversee the crypto market and protect investors as cryptocurrency gains widespread acceptance. In this article, we will explore the various components of South Korea’s crypto tracking system. The Real-Name Verification System The government mandates linking bank accounts to crypto exchange accounts and verifying users’…
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Why Ethereum 2.0 Hasn’t Boosted the Price of Ethereum: A Closer Look
Ethereum 2.0, also known as Serenity, aims to improve the scalability, security, and sustainability of the Ethereum blockchain network. It introduces a new consensus mechanism called Proof of Stake (PoS) which replaces the current Proof of Work (PoW) mechanism. Despite the high anticipation for this upgrade, the price of Ethereum has not seen the significant…