CleanSpark, a prominent publicly traded Bitcoin mining firm, recently announced the acquisition of one of its smaller competitors, GRIID Infrastructure, in an all-stock deal worth $155 million. This acquisition immediately brings 20 megawatts (MW) of additional power to CleanSpark for its mining operations. In addition, another 400 MW of power is expected to be added
The recent proposal by the European Securities and Markets Authority (ESMA) under the Markets in Crypto Assets Regulation (MiCA) has sparked concerns within the crypto community, particularly regarding the misinterpretation of Maximum Extractable Value (MEV). Paradigm, a prominent firm in the industry, has expressed apprehensions about ESMA’s characterization of MEV as a form of market
The US Securities and Exchange Commission (SEC) is currently in the final stages of discussions with several asset managers regarding the approval of spot Ethereum ETFs. Big names such as BlackRock, Franklin Templeton, and Grayscale Investments are among the eight asset managers involved in this process. These firms have previously launched spot Bitcoin ETFs and
Coinbase, the leading cryptocurrency exchange in the United States, recently filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for failing to comply with information requests pertaining to closed crypto cases. The company seeks to compel these regulatory bodies to respond to their Freedom of Information Act (FOIA)
One of the major factors contributing to the recent decline in the price of Bitcoin is the significant sell-offs initiated by various governments. The German government, for instance, recently sold approximately 2,786 BTC, amounting to around $140 million. Similarly, the US government has been moving Bitcoin seized from the Silk Road bust, with nearly 4,000
The village of Yamakoshi, located in the Niigata mountains of Japan, has embarked on a unique journey to support its development and address the challenges of an ageing population through the use of NFTs. The Neo-Yamakoshi Village project, initiated in 2021, has attracted 1,700 “digital citizens” who have invested in Nishikigoi NFTs, generating over $423,000
The US spot Bitcoin ETFs have shown signs of improvement, with collective inflows reaching $21.52 million on June 26th. This positive momentum has been building since Tuesday, indicating a potential recovery in the market. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments for the past four days, suggesting a lack of
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission is currently in its trial phase. Despite this phase traditionally being the period where resolutions are reached, the end date remains uncertain. However, recent events as of June 27th shed some light on the progress of the case. One of
Nigeria’s Securities and Exchange Commission (SEC) has set a 30-day deadline for cryptocurrency exchanges and digital asset traders to re-register their operations, cautioning that enforcement measures will be taken against those who fail to comply. The Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) was introduced by the SEC to modernize the
The recent distributed denial of service (DDoS) attack on the Cardano network showcased its ability to withstand and mitigate malicious activities. Despite the attack, services like SundaeSwap continued to operate effectively, demonstrating the network’s resilience. The complex decentralized structure of Cardano, with its distributed nodes and mem-pools, made it challenging for the attacker to cause
