Explore how Bitmain backs Bitcoin Layer2 BEVM with strategic investment The Bitcoin Layer2 project BEVM just announced an investment from the leading company Bitmain, which mines cryptocurrency fields, namely servers, worldwide. The exact amount invested remains undetermined. Established over 6 years ago, Bitmain’s position among the leaders of digital asset mining hardware manufacturers is still at the forefront of this niche. It had its days in the past, having the single most significant market share of over 70% in the mining industry, Bitcoins. While this is the only investment of Bitmain in the Bitcoin Layer 2 realms up to now,…

Check out the details of South Korea to form a crypto investigation unit amid the crime surge South Korea is battling the growing cases of cryptocurrency-related scams and fraud by creating a one-year investigation team into a permanent one, a local report stated. The government’s Justice Ministry and the Ministry of the Interior and Safety are due to have their first round of talks on upgrading the Joint Virtual Asset Crime Investigation Unit at the beginning of May into an established bureau. The new promotion agenda is to boost its status, as the division is temporary and directly under the…

Check out the whale strategies in DeFi, such as yield farming, liquidity pools, and more DeFi is an emerging sector that has grown over the past few years. People and firms are always ready to join new and emerging fair finance solutions. On the other hand, alongside the idea of universal financial access, cryptocurrencies lead to the simplification of digital asset management and transaction handling. Both phenomena co-occur. When people talk about DeFi trading, the first things that come to mind are “staking,” “yield farming,” and “liquidity mining.” All of these are popular DeFi solutions, but in each case, you…

Read more about ConsenSys filed a lawsuit against the SEC over Ethereum rules On Thursday, ConsenSys, a cryptocurrency company that creates Ethereum software, sued the US Securities and Exchange Commission in an attempt to overturn the SEC’s oversight of Ethereum’s Ether (ETH). The lawsuit aims to prevent the Securities and Exchange Commission (SEC) from classifying the Ethereum blockchain as a security weakness. According to ConsenSys, such a classification would have a detrimental effect on the entire Ethereum network. ConsenSys argues that the SEC’s classification of ETH would prevent the implementation of decentralized Ethereum apps and services and could potentially harm…