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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...
Bitcoin Falls Out of Favor After Losing Grip on $22K, Fund Flows Report Shows
14.2.2023
After dominating crypto inflows for most of the year so far, Bitcoin fell out of favor in the eyes of investors last week. That’s according to the latest weekly Digital Asset Fund Flows report produced by crypto analytics firm CoinShares, which tracks investment flows into and out of digital asset...
CFTC Case Against Sam Bankman-Fried Postponed Until After Criminal Trial
13.2.2023
The request to stay the SEC’s civil case against Bankman-Fried is still pending
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...
Policymakers Need to Focus on Tokenization, Not Just Tokens
13.2.2023
Representing real-world assets on a blockchain could allow everyday Americans to buy into durable prosperity, says John Rizzo
DigiDaigaku NFTs' Price Rises After $6.5M Super Bowl Ad
13.2.2023
Limit Break’s commercial advertised a free “digital collectible” for scanning a QR code. The floor price on OpenSea the morning after are hovering around 0.31 ETH, or about $460
Digital Asset Platform Bakkt to Discontinue Consumer App After Two Years
13.2.2023
App users will be able to manage their assets over the web after March 16
BUSD Depegs From Rival Stablecoin Tether After US Regulator Tells Paxos to Stop Minting New Tokens
13.2.2023
Traders seem to be migrating from Paxos' BUSD stablecoin to tether
Cathie Wood's ARK Buys Another $9.2M Coinbase After Stock's January Rally
13.2.2023
COIN is down 20% during the last week after a record-breaking rally in January where it rose nearly 95%
Nexo shutters US Earn product a month after settling with regulators
13.2.2023
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators
Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning
12.2.2023
Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against him that became the reason for his brief detention....
Bitcoin Network Experiences Slight Dip in Difficulty After Record High
12.2.2023
Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month....
Bitcoin logo imperfection found on original artwork after 12 years
11.2.2023
While Bitcoiners preach the “zoom out” narrative during crypto bear markets, zooming in on the original Bitcoin logo shows a small orange line from the background going into the white colored “₿.”
SecretDAO votes to restructure foundation after public spat between organizations
10.2.2023
The new foundation will be governed by a board of 3 or more members, and no organization will hold more than one seat
Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program
10.2.2023
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s CEO Responds to SEC Action Kraken...
Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement
10.2.2023
Though Coinbase’s (COIN) current revenue from staking is relatively small, there is potential for speedy growth if the U.S. Securities and Exchange Commission (SEC) doesn’t crack down on the service altogether
Bitcoin price faces key moving average showdown 3 weeks after breakout
10.2.2023
The 200-day moving average is coming back to haunt BTC bulls after staying as resistance for over a year
SEC chair issues warning to crypto firms after action on Kraken staking
10.2.2023
“Don’t have your hand in the customer’s pocket, using their funds for your own platform," Gary Gensler said to companies that needed to register with the SEC
SEC Chief Gensler Warns Crypto Firms to Comply With Rules After Kraken Shutters Staking Program
10.2.2023
Other platforms that offer yield-earning programs should "take note" and come into compliance, the regulator said a day after crypto exchange Kraken said it will pay a $30 million fine to settle SEC charges
LocalBitcoins to Shut Down After 10 Years Amid Challenging Market Conditions
10.2.2023
Bitcoin exchange LocalBitcoins has announced its closure after serving customers for more than 10 years citing the ongoing bear market.
In a recent posting on its website, the exchange said it would be shutting down in the coming weeks due to tough market conditions. The platform said they...