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Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs
14.2.2023
Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest...
BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert
13.2.2023
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
13.2.2023
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following...
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
13.2.2023
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S....
Report: EA Paying $588 Million For The Rights To The English Premier League
13.2.2023
Programming and gameplay be damned, sports games live and die on their licensing. It’s why Madden was able to crush NFL2K, and it’s why EA’s FIFA (now known as EA Sports FC) has been able to grind Konami’s PES into the dust. Not because they’re better games, but because they paid to be the only...
Shiba Inu Price Prediction as $300 Million Trading Volume Floods In – How High Can SHIB Go in 2023?
12.2.2023
Shiba Inu (SHIB) has become one of the most talked-about cryptocurrencies in recent times. With a market cap of over $6 billion and a price increase of over 20,000% in the past year, the crypto has been making headlines for its impressive growth. ...
Read More: Shiba Inu Price Prediction as $300...
Ark Invest on $1.4M BTC, Possible Julian Assange-Linked File on Bitcoin Blockchain — Week in Review
12.2.2023
Investment management firm Ark Invest has offered three bitcoin price predictions in a new report, including a bull scenario where bitcoin could reach $1.48 million per coin. In other news, a 7zip file possibly linked to activist Julian Assange was reportedly discovered in the Bitcoin blockchain...
Bit2Me Debit Card Launch Gives Users up to 9% Cashback on All Purchases
11.2.2023
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than...
NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements
11.2.2023
Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week....
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
PayPal Reveals Massive Cryptocurrency Holdings Totaling $604 Million – Here's What You Need to Know
11.2.2023
Global payment giant PayPal held $604 million of cryptocurrencies for its customers by the end of 2022, with Bitcoin and Ethereum accounting for almost 90% of that figure.
PayPal held $291 million in BTC, $250 million in ETH, and another $63 million in Litecoin and Bitcoin Cash as of December...
‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions
10.2.2023
On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service....
XRP Price Prediction as XRP Whale Activates Wallet With 30 Million Tokens – What’s Going On?
10.2.2023
The XRP price has declined by 2% in the past 24 hours, falling to $0.386705 amid a marketwide selloff yesterday. Its current level means that it has fallen by 6% in a week but risen by 10% in the last 30 days, with Kraken's $30 million settlement with the SEC potentially signalling further losses...
Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC
9.2.2023
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million...
Coincover secures $30 million in funding to strengthen digital asset security
9.2.2023
The funding round was led by Foundation Capital, with follow-on investment from CMT digital
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter
9.2.2023
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin...
Terra Luna Classic Price Prediction as $100 Million Trading Volume Comes In – Are Whales Buying?
9.2.2023
The terra luna classic price has dropped by 4.5% in the past 24 hours, amid a day of losses for the cryptocurrency market as a whole. At $0.00017485, it has gained by 2% in a week and by 3% in the last 30 days, held back from further gains by delays to LUNC burning and in-fighting within the Terra...
New Court Filings: FTX Racked Up $19.6 Million in Legal and Financial Advisor Fees in Just 51 Days – What's Going On?
9.2.2023
Court documents have revealed the eye-watering costs behind the ongoing FTX bankruptcy saga. Sam Bankman-Fried paid nearly $20m in fees between November's collapse and the end of 2022.
The grandeur of this legal circus cannot be understated. On the defence team there are 151 staff members . This...
Crypto lender SALT makes comeback with $64.4 million funding
9.2.2023
The crypto lender froze withdrawals in mid November. It will resume operations in Q1 2023 buoyed by a Series A recapitalization
Solana Price Prediction as $700 Million Trading Volume Comes In – Can SOL Recover to $100?
8.2.2023
The solana price has risen to $23.60 today, representing a 1% gain in the past 24 hours. This movement means it also has increased by 3.6% in the past fortnight and by an impressive 64% in the last 30 days, with the compensating for many of the losses it suffered in the wake of the...