CleanSpark, a Bitcoin mining company, has invested $40.5 million in 12,500 new ASICs to increase its fleet size. The mining company’s overall hash rate is expected to increase to more than 16 EH/s as a result of the new hardware. Moreover, CleanSpark said on Thursday that the cost per terahash
June 2, 2023 1 min read
On Thursday, Coinbase, the largest cryptocurrency exchange in the United States, said that on June 5 it will begin offering futures contracts for Bitcoin (BTC) and Ethereum (ETH) on its derivatives exchange, which is regulated by the Commodity Futures Trading Commission. It was also noted that institutional investors would have
June 2, 2023 2 mins read
The Nansen Research team that analyses blockchain data is being reduced in size by 30%. In the last year, layoffs have affected almost every crypto company. As a result of this recent action, Nansen has joined the ranks of other businesses that have reduced headcount as a result of the
June 1, 2023 2 mins read
The UAE Central Bank has updated its regulations for financial institutions. To follow in order to prevent money laundering and the funding of terrorism in connection with digital currencies and NFTs. New anti-money laundering and counter-terrorism funding criteria for financial institutions are being adopted. This is being done by central
June 1, 2023 1 min read
President Nayib Bukele of El Salvador has hired Saifedean Ammous, who wrote The Bitcoin Standard, as an economic advisor for the country’s newly established National Bitcoin Office. According to a Bitcoin office statement, the author’s responsibilities include advising on matters concerning various economic policies and advocating for Bukele’s policy of
May 31, 2023 1 min read
An important step has been taken in the wake of the FTX collapse with the referral of a lawsuit involving the appointment of an independent investigator to the US Third Circuit Court of Appeals by a judge in Delaware. The administration and a number of Senators first banded together to
May 31, 2023 2 mins read
In an attempt to set a new benchmark for openness and trust in the cryptocurrency sector, OKX, a cryptocurrency exchange located in Seychelles, has released its seventh proof-of-reserves (PoR) report. OKX holds $10 billion in bitcoin (BTC), ether (ETH), Tether (USDT), and other assets, according to a recent report. Moreover,
May 30, 2023 2 mins read
Thanks to an unexpected request made by the attacker, Tornado Cash governance token holders will soon recover authority over the protocol’s functioning. With this newfound power, the community may drive the protocol toward repair and increased safety. On May 26th, the proposal to return power to the original Tornado Cash
May 29, 2023 1 min read
There have been shifts in the last year regarding the market domination of stablecoins linked to the US dollar. Tether USDT, however, has returned to its all-time high, according to statistics compiled by CoinGecko, while the majority of cryptocurrencies are on a negative trend. Circle’s USDC market share has dropped
May 29, 2023 1 min read
The premier L1 blockchain platform, Sei Network, has now announced the completion of an update to Discord. This includes a novel feature designed to strengthen user authentication and community integrity. Humanode face verification has been added to the platform, allowing users to acquire Verified Seilor roles. The frequency of automated
May 27, 2023 2 mins read