BitRiver is hoping to bring 1MW of crypto mining capacity online in the near future, with data centers being built all over the nation. Runets told RBC that both Russian and “international customers” had shown an interest in backing his firm. “We can see this as another confirmation of the thesis that Russia is catching...
Hut 8 offers various services, including helping companies design, build, and operate their projects. The mining firm also provides data center space, cloud services, and internet connections. Additionally, it offers services like hosting mining equipment for other companies and selling or repairing equipment. These services generate recurring income through long-term contracts. In July, the company...
BlackRock’s iShares Bitcoin Trust (IBIT) is set to make waves in the financial markets with the U.S. Securities and Exchange Commission (SEC) approving the listing and trading of options on its Bitcoin spot ETF. This approval is expected to increase liquidity, attract long-term investors, and boost participation in the Bitcoin market, according to the research...
As is the case in nearby South Korea, Japan has no shortage of large gaming companies. However, many of these have taken a non-committal stance on blockchain gaming. For the most part, this is due to Tokyo (and Seoul)’s strict regulation of three key sectors: crypto and crypto exchanges, video games, and gambling. However, Tokyo...
Police said they discovered “17 cryptocurrency mining devices” underground in the city’s Sergokalinsky District. Officers also said that the farm was run by “energy thieves.” The cabinet claimed that miners have “begun to create underground farms” and “mobile mining units” in several parts of Dagestan. The cabinet added that “illegal cryptocurrency miners” were responsible for...
CEO Stefan Rust also noted that his personal account was hacked. Additionally, he warned about scammers who impersonate as Truflation team to ask user’s TRUF tokens. “We will not ask you for tokens. There are already additional scammers coming out there and asking you to deposit a stake and return your TRUF tokens and they...
The probe began in 2021 and has involved key figures in Adams’ inner circle. One of the most prominent moments in the investigation came last year when the FBI searched the home of Adams’ chief fundraiser, Brianna Suggs, seizing digital devices and documents linked to the mayor. Suggs has not been formally accused of any...
Unlike traditional stablecoins that rely on direct fiat or asset backing, USDe employs derivative hedging strategies to maintain its U.S. dollar peg. It uses Bitcoin (BTC), Ether (ETH), Solana (SOL), and other crypto assets as collateral, with an arbitrage-based system for minting and redeeming tokens. Additionally, USDe generates yields through a cash-and-carry strategy. However, this...
In a recent interview, billionaire entrepreneur Mark Cuban expressed interest in becoming the Chair of the United States Securities and Exchange Commission (SEC), which Gary Gensler currently holds. Cuban’s declaration comes when the crypto industry heavily scrutinizes the SEC for its regulatory approach, particularly under Gensler’s leadership. Prominent figures such as lawyer John Deaton support...
He noted improvements in the market structure, which could establish a solid foundation for a bullish trajectory. The rising supply of stablecoins indicates heightened liquidity, which can enhance trading activity—often a precursor to significant price rallies. Meanwhile, Elevated leverage levels in futures trading reflect a more speculative environment among traders, potentially driving prices upward. According...