Core Specific to Resume Trading on Nasqaq Following Post-Bankruptcy Restructuring
On January 23, Core Scientific revealed its intention to expand its mining capacity over the next four years by 50%. Core Scientific, a Texas-founded mining...
Virginia State Proposes Bill to Protect Crypto Mining Rights
The legislators in Virginia have introduced a new bill to define rights for blockchain miners. The bill also deals with the matter of providing tax incentives...
Bitcoin Mining Firm Core Scientific Closes $55 Million Equity Financing Round
One of the major Bitcoin mining firms, Core Scientific, recently completed a $55 million equity funding round. The platform has now opted for insolvency. The...
Celsius to Unstake $470M in Ether for Repayments
Celsius is a cryptocurrency lending protocol that has announced an unstaking $470 million in ETH tokens. The platform currently holds around 206,300 ETH in the...
China Urges Crackdown on Tether Stablecoin Alleging Illegal Forex Trading
China's Supreme People's Procuratorate (SPP) warned in a recent publication that Tether usage as an exchange medium for local and foreign currency is prohibited. The...
Former BitMEX CEO Says Spot ETFs May Destroy Bitcoin
BitMEX co-founder Arthur Hayes recently claimed that the enterprise interest in Bitcoin can lead to a negative impact. He claimed that Wall Street firms may...
Crypto Fund Weekly Inflows Hit $43M as Streak Realizes $1.8B
The assessment of the weekly investment flow in crypto-related products by CoinShares shows a sustained the eleventh consecutive inflow with a $43 million addition in...
Celsius Network Secures Repayment Plan Approval to Emerge From Bankruptcy
The embattled crypto lending firm Celsius Network announced the approval of its revised repayment plan submitted to the bankruptcy court. The bankrupt lender tabled the...
Bitcoin Mining Taps Paraguay Itaipu Dam to Power Facility
Sazmining's founder Kent Halliburton has, in a recent statement, confirmed tapping the Paraguay Itaipu dam for cheap energy to power the newly established mining facility....
Union Pressure Compels Pennsylvania to Scrap 2-year Mining Moratorium Provision
Representative Greg Vitali, the bill’s sponsor, incorporated a clause to subject miners to current reporting stipulations to have the bill ratified by a Pennsylvania House...