News updates December 28, 2021
1. Crypto Scammer Arrested in Bangkok After Fleeing With 500 Million Baht.
A man allegedly behind a cryptocurrency investment scam has been arrested in Bangkok, Thailand. He lured people into investing in his fraudulent crypto scheme by promising high returns, telling investors they could earn a 400% return by investing in just 200 days.
2. The Iranian government temporarily halts local bitcoin mining to prevent power outages
The Iranian Ministry of Energy has placed a temporary suspension on bitcoin mining activities during the winter months. The goal of this ban is to prevent power outages and blackouts during the winter months.
This announcement follows a similar pattern from the previous suspension for mining activities during the winter months. Due to the weather conditions during the winter months, Iran experiences a higher consumption of electrical power. The suspension will help to reduce the consumption of electricity for bitcoin mining, redistributing electrical power to users within the country.
3. Bitcoin Drops $3K After Getting Rejected at $52K: Ethereum Below $4K
Bitcoin failed at $52,000 and dropped by more than $3,000 in hours. Ethereum also lost some ground and stands beneath $4,000.
Bitcoin surged to a new three-week high at $52,000, but the subsequent rejection drove it south by a few thousand dollars. The altcoins are also most in red, with Ethereum dumping well below $4,000.
4. Dogecoin Cofounder Reveals His DOGE Holdings, Explains Why He'll Never Return to This Project
Billy Markus, who cofounded Dogecoin back in 2013 but is no longer on this project, has unveiled how much of the most popular meme cryptocurrency he holds in his wallet. When asked if he plans to go back to coding DOGE, he stated that he would never do it again, sharing his reasons.
Here's how much Doge Markus holds
In a recent tweet, Markus reminded Dogecoin fans that he is a regular DOGE community member as he is no longer on the project. However, he still holds 220,000 Dogecoins.
