Mehdi Farooq, a prominent crypto VC partner, lost almost all of his life savings to an elaborate phishing scam. We are hearing about it, reading the Telegram thread, following the Zoom/fake-Zoom-update/Twitter thread flooding of wallets. And the knee-jerk sentiment Perhaps a touch of schadenfreude "He should have known better," we...
The crypto universe may not have delivered on its promise of true decentralization and financial independence, it has delivered a playground for scammers to exploit naive users. The recent attack on Ledger demonstrates the very real dangers of downloading crypto hardware from sources that can’t be verified. One unfortunate cryptocurrency...
Hut 8 Corp., a leading Bitcoin miner, named after temporary shelters used by teams during wartime. Just last week, they announced an astounding net loss of $134 million for Q1 2025. This eye-popping figure has contributed to questioning and back-and-forths about the company’s strategic direction, including its big pivot toward...
>Hut 8 Corp's net loss for the first quarter of 2025 was $134 million. The company is making a calculated bet in pursuit of developing energy infrastructure while growing its Bitcoin mining business. The company faced a loss but is taking great leaps in scaling its energy capacity and streamlining...
Hut 8's recent $134 million loss isn't just a bad quarter. It's a flashing red light on a high-stakes gamble. To succeed, CEO Asher Genoot says that intentional investments will be key to unlocking future potential. The harsh truth is hidden in the numbers. A 57% decrease in their overall...
Coinbase, the largest cryptocurrency exchange in the world by trading volume, is currently fighting lawsuits with multiple US states over its staking-as-a-service program. At the center of this fight is whether Coinbase’s staking services constitute securities offerings. Coinbase, unsurprisingly, has forcefully rejected this classification. The legal actions carry very real...
