Sat, February 1

Cloud Mining Firm Bitfufu Delays SPAC Deal Yet Again

According to a statement released on February 7th, Bitfufu, one of Bitmain’s cryptocurrency enterprises, has delayed its ambitions to go public through a special-purpose acquisition company (SPAC) for a second time. With a pro forma enterprise value of almost $1.5 billion, the company was expected to go public in the

February 9, 2023 1 min read

Twitter Officially Launches 4,000-Character Long Tweets

It’s official: Twitter now supports longer messages of up to 4,000 characters. But they’re restricted to Twitter Blue users. Twitter has announced the new functionality for subscribers is ready as of today with a Tweet demonstrating the increased character limit. Some Twitter users have long complained about the platform’s 280-character

February 9, 2023 2 mins read

Crypto ATM Operator Cash Cloud Files For Chapter 11 Bankruptcy

Coin Cloud digital money ATMs in the US and Brazil, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court in the District of Nevada. On its website, Coin Cloud boasts of having more than 5,000 ATMs that support more than 40 different cryptocurrencies.  When Coin Cloud had 4,826

February 9, 2023 1 min read

Bank of England Launches Digital Pound CBDC Project with Limitation 

United Kingdom intends to launch a central bank digital currency (CBDC) as they issued a consultation paper outlining the proposed digital pound known as “Britcoin”. On February 7, 2023, the Bank of England (BoE) and the UK Treasury jointly released the 116-page consultation paper. That explains various aspects of the

February 8, 2023 1 min read

Barry Silbert’s DCG Reportedly Sells Portion of Grayscale Shares

It has been reported that Digital Currency Group (DCG), a cryptocurrency holding company, has started selling its stake in crypto funds run by its subsidiary Grayscale Investments in an effort to raise cash and retain liquidity. U.S. securities documents seen by the Financial Times on February 7 revealed that DCG

February 8, 2023 1 min read

Mining Firms Hut 8 Mining Corp and US Bitcoin Corp Announce Merger

In an all-stock transaction, Hut 8 Mining Corp. of Canada and US Bitcoin Corp. of the United States have declared their intention to merge. Thus, creating a crypto-mining behemoth in North America. Each company’s board of directors has given its stamp of approval to a corporate merger deal. The Board

February 7, 2023 1 min read

Dubai Regulator Issues Regulations For Virtual Asset Service Providers

New regulations for virtual asset service providers (VASPs) in Dubai have been announced by the Virtual Asset Regulatory Authority (VARA). It is the government body in charge of regulating cryptocurrencies there. Irina Heaver, a lawyer specializing in blockchain and cryptocurrencies located in the United Arab Emirates. She has informed that

February 7, 2023 1 min read

Tech Giant Google Launches ChatGPT Rival ‘Bard’ to Early Testers

Google has released Bard, its ChatGPT rival, available to early testers in preparation for a full release in the coming weeks. Similar to how OpenAI’s newest program has become an internet hit, the corporation has announced the launching of its own artificial intelligence chatbot. According to Bloomberg, the corporation has

February 7, 2023 1 min read

FCA of UK Issues Stern Warning and Guidelines For Crypto Advertisers

The Financial Conduct Authority (FCA) has warned that businesses that promote cryptocurrencies outside of one of four approved channels might be subject to criminal penalties including up to two years of jail time. Any advertising under the new regulations must be produced by or with the consent of an individual

February 6, 2023 1 min read

Bitcoin Mining Firm Riot Reports Monthly Output of 740 Bitcoins in January

Riot, a Bitcoin mining firm, claimed today that its monthly output hit a record 740 BTC in January. Despite a decrease in its fleet of mining equipment and hash rate capability. This is a 12 percent rise from the 659 BTC produced in December 2022. And a 62 percent increase

February 6, 2023 1 min read
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