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Riot to acquire Bitfarms to establish the largest public Bitcoin miner


Riot intends to take over Bitfarms at a price of $2.30 per share, with the goal of creating the largest ever publicly registered Bitcoin miner. The result will be a substantial premium on Bitfarm’s price—24%—which will be a boon to shareholders. Riot is presently the biggest shareholder...

Bitfarms Fires CEO Geoffrey Morphy Following $27 Million Lawsuit


Bitfarms has ousted its CEO Geoffrey Morphy after he filed a $27 million lawsuit against the Bitcoin miner, the Toronto-based firm announced Monday. News of Morphy's ousting comes amidst decreased Bitcoin production values for public crypto mining companies following last month's halving event. The...

Eclipse Labs CEO Steps Down Following Sexual Misconduct Allegations


Eclipse Labs founder and CEO Neel Somani, has announced he is "temporarily reducing" his role as a public face for the firm following serious allegations of sexual misconduct. The post Eclipse Labs CEO Steps Down Following Sexual Misconduct Allegations appeared first on Cryptonews

Hong Kong Cracks Down on Fake Crypto Exchange Allegedly Linked to Elon Musk


The Hong Kong Securities and Futures Commission (SFC) has warned the public regarding Quantum AI, an entity allegedly engaged in fraudulent activities related to virtual assets and deceiving the public by impersonating Elon Musk. The post Hong Kong Cracks Down on Fake Crypto Exchange Allegedly...

Circle’s USDC Stablecoin Surpasses Tether’s USDT in Transaction Volume


In the stablecoin market, Circle's USDC stablecoin made history by outpacing Tether's USDT in terms of transaction volume. This was based on information made public by Visa on April 29 as a result of their collaboration with Allium Labs. The post Circle’s USDC Stablecoin Surpasses Tether’s USDT...

SEC Initiates Consultations on Rule Change for Bitcoin Trading Options


The SEC has initiated a new phase of discussions regarding a proposed rule alteration for the trading of options on Bitcoin exchange-traded funds (ETFs) while also inviting public input on the matter. The post SEC Initiates Consultations on Rule Change for Bitcoin Trading Options appeared first...

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