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CleanSpark Inc., an American bitcoin mining company has acquired a mining field with a capacity of 86 MW from WAHA technologies. The acquired site is located in Washington, Georgia and the deal has been made between the companies for $16.2 million. Before this acquisition, CleanSpark gained 3400 new Antminer S19
Cyberspace Administration has taken down more than 12,000 social media profiles. As a result of the interactions with 500 or more websites, 105 of them were shut down. When other countries looked to be jumping on the crypto bandwagon, China made a decision to completely outlaw it. The nation ruthlessly
BTC price surged up to $24,200 but decreased after that limit. At the time of writing, the coin was trading at $23,886. Bitcoin (BTC) broke the $24K overhead resistance today but was not able to sustain it over the $24,200 limit. Experts predicted that if the coin crossed the $24.2K
Galaxy’s investments were $753.9 million at the time of the report. Non-algorithmic stablecoins accounted for $256.2 million. This has been a difficult year for Galaxy Digital. The Digital asset management and investment giant posted a net comprehensive loss of $554.7 million in the second quarter on Monday, a whopping three-fold
Surfing, bitcoin, and crime reduction were responsible for the country’s tourism comeback. Compared to 2019 Salvador’s tourism revenue increased by 6%. The president of El Salvador, Nayib Bukele, expressed his views on the rise in tourism-related revenue in the country and advocated for the introduction of bitcoin (BTC) as legal
Elon Musk predicted that the company’s commodity costs will begin to decline. Federal Reserve has been raising interest rates in an effort to contain inflation. On Saturday, August 6, Tesla CEO Elon Musk held a shareholders’ meeting and gave some optimistic information regarding the world economy. As inflationary pressures begin
The American-based Block Inc, reports $1.5B in Q2 profits. The firm generated only $41 million, through the BTC trading service. The digital payments company, Block Inc., formerly Square, has released its Q2 result. The financial service, owned by former Twitter CEO, Jack Dorsey saw its year-over-year (YoY) profits jump 29%
Crypto ATMs are returning to Japan after a four-year absence. Initial installations will be made in Tokyo and Osaka. Two of Japan’s most famous crypto advocacy organizations have pushed for lower taxation on individual crypto investors. Requests for tax reform have been made by Japan’s crypto-asset business associations JCBA and
A Show Cause Notice (SCN) has been issued under the terms of FEMA. ED is probing two instances involving WazirX under the FEMA Act 1999. State Minister for Finance Pankaj Chaudhary informed Rajya Sabha that ED has given a notice under the FEMA Act to crypto exchange WazirX. In a
Galoy also announced a $4 million capital raising to support the development. Stablesats’ source code may be seen on GitHub and on a dedicated website. The Lightning Network may eventually allow users to send and receive dollars with the press of a button. Wednesday, Galoy, the open-source financial platform that
