Hut 8 relocates 6,400 rigs, sees growth in AI and high-performance computing
Bitcoin mining firm Hut8 continues to relocate miners from its idle North Bay site, with increasing demand for AI and...
Blockchain News
Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed
The Terra Classic burn mechanism automatically burns tokens whenever a transaction occurs on the network.
Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal
Bittrex has adopted a similar approach to Coinbase, aligning its arguments closely with those made by the larger cryptocurrency exchange.
Celsius Network approved to convert altcoins into BTC or ETH
The liquidations will pave the way for the distribution of the funds to creditors in the near future.
SEC to present response to Coinbase’s legal defense on July 13
The court also rescheduled the pre-trial conference to a pre-motion conference, shifting it to July 13 from its original date...
Blockchain Australia CEO calls for unified efforts to stamp out crypto scams
Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.
Canadian committee proposes measures to support blockchain, crypto
The report, which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors.
$7.8B lost in crypto Ponzi and pyramid schemes in 2022: Report
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn.
Voyager to pay $1.1M in legal fees incurred in April
Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services.
EU finalizes controversial smart contract kill switch rules under Data Act
The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14.
Sony Network invests in Japanese Web3 startup to spur mass adoption
The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3...
Web3 firms are spending up to $25M on HK crypto licenses: Report
VASP expenditures vary between 20 million and 200 million Hong Kong dollars as firms scramble to find Web3 talent for...
Mythical Games raises $37M for in-game marketplace in Series C round
The company expects to raise another $20-$30 million when the full round closes in the coming months.
100 tokenized Teslas ‘democratize’ and ‘decentralize’ Web3 ride sharing
The co-founders of ELOOP and peaq told Cointelegraph that tokenizing high-value assets, like a fleet of ride-sharing cars, will help...
Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
The new rigs will add 7.6 EH/s to the firm’s self-mining capacity, but won’t be installed until the first quarter...
