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Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners


On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The purchase is expected to raise Cleanspark’s hashrate by an extra 1.76 exahash per second (EH/s). Acquisition to Boost Cleanspark’s...

Biggest Movers: LTC Breaks Out of Key Resistance Level After Gaining 6%


Litecoin rose by as much as 6% in today’s session, as the token climbed past a key resistance level on Thursday. The move came following several attempts over several weeks, with bulls finally breaking through. Polygon was also higher, ending a recent losing streak. Litecoin (LTC) Litecoin...

Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion


On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached...

Gemini to soon enter the UAE market


Gemini has announced plans to enter the market of UAE, the United Arab Emirates, as a part of achieving its mission of global expansion. Per the announcement, Gemini will soon begin its operations after it has acquired all the necessary licenses. The goal is to serve customers in the UAE with...

US Lawmakers To Hold Digital Asset Spot Market Hearing Next Week


US lawmakers are slated to discuss digital asset spot markets during a congressional hearing next week. The House Agriculture Committee will hold a hearing on June 6 titled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets.” The committee has jurisdiction over...

Blockchain Analytics Firm Nansen Cuts 30% of Staff Amid Market Slump


Blockchain analytics firm Nansen is cutting 30% of its staff, the company’s CEO Alex Svanevik announced via Twitter on Tuesday. Svanevik said that the decision to reduce the company’s cost base, which is “too high relative to where the company is today”, was based on the fact that Nansen...

Biggest Movers: SHIB Nears 6-Month Low, Whilst LTC Drops by 4% on Wednesday


Shiba inu moved closer to a six-month low on Wednesday, as sentiment in cryptocurrency markets shifted bearish. Litecoin was another notable token to fall, slipping by over 4% today. The global market cap is currently down by over 2% at the time of writing. Shiba Inu (SHIB) Shiba inu (SHIB) fell...

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