Marathon Digital (MARA), one of the largest Bitcoin mining companies, announced the purchase of $100 million worth of Bitcoin (BTC) in the open market on Thursday. The company said it would revisit its “HODL” strategy and commit to keeping all mined Bitcoin on its balance sheet. Marathon Digital Impressive Bitcoin Holdings This latest acquisition has...
Following its second airdrop, Mystiko Network has been entangled in insider trading allegations and has raised questions about the fairness and transparency of its token distribution. The controversy has sparked much debate within the cryptocurrency community, as two specific wallets received disproportionately large allocations compared to most participants. Allegations and Community Outrage on Mystiko Network...
Former President Donald Trump has so far secured over $4 million in crypto donations, predominantly in Bitcoin. According to a recent report published by CNBC, Trump’s campaign has raised substantial funds through contributions in various digital currencies, including Bitcoin, Ethereum, Ripple (XRP), and the stablecoin USD Circle. Tyler and Cameron Winklevoss Lead Bitcoin Contribution A...
Following the tribunal’s ruling, Bitfarms quickly implemented a new ‘poison pill’ strategy, or shareholder rights plan, on Wednesday, to protect against “creeping” bids. This plan will be activated if any entity accumulates over 20% of Bitfarms’ shares without board approval. The plan will be effective for six months. It allows existing stockholders to buy shares...
Argentina’s top financial regulator says crypto exchanges must apply for operating permits, in a move that will apply to both “individuals and legal entities.” Per a Securities and Exchange Commission (CVM) ruling, vendors who sell crypto in the country must now sign up to the “Virtual Asset Service Providers Registry (PSAV).” Argentina Crypto Exchanges –...
A preliminary investigation into the July 18 hack of the $235 million WazirX cryptocurrency exchange found no evidence of compromise within its infrastructure. The exchange suggests the breach likely originated from Liminal, their multi-party computation (MPC) wallet provider. Both WazirX and Liminal have released conflicting reports, with each pointing to the other as the source...
Crypto hardware firm Ledger, said it is launching a second new product this year, the Ledger Flex wallet, during its tenth anniversary. Ledger, is a French unicorn firm valued at $1.4 billion, and sells hardware cryptocurrency wallets, said this latest launch is being sold for a more reasonable price at $249. The firm said the...
A newly published report by Singapore’s Ministry of Home Affairs notes that the illicit use of crypto in terror financing is on the rise, though cash is still the dominant method used in transferring value. According to the 2024 Singapore Terrorism Threat Assessment Report, the Southeast Asian country found a slight increase in digital use...
In a significant shift within the U.S. legislative parliament, Senator Roger Marshall, a Republican from Kansas, has withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a bill he co-authored with Democratic Senator Elizabeth Warren. Marshall’s decision, recorded on July 24, marks a major setback for the bill, which aims to tighten anti-money...
HIVE Digital Technologies has announced plans to construct a 100-megawatt Bitcoin mining facility in Paraguay, marking its first venture into the country. The move is expected to more than double the company’s mining hashrate, with the new site projected to increase its capacity from 5.6 exahashes per second to 12.1 EH/s upon completion. The announcement...